Mining

Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bullish XAUUSD has resumed an upward move after falling to the low of level $1,760 on June 18. On June 29, the bears retested the support as Gold resumed upward. The implication is that the uptrend has resumed as price fails […]

XAGUSD Price Analysis – July 10 The Silver (XAG) sellers were unable to keep their price below the $25.00 level and began a new surge versus the US Dollar. The XAGUSD pair has moved into a positive zone after breaking through the mid $26.00 level. Silver is holding up while the dollar fell on Friday as risk […]

Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bullish XAUUSD is in an uptrend. Gold has risen tremendously from its previous low of $1,680 to $1,890. The market reached the high of $1,925 and was repelled. Gold retraced to the support of the 21-day SMA. The uptrend will […]

XAGUSD Price Analysis – June 7 After failing to profit from the weaker DXY on Friday, the XAGUSD saw some buying near the $27.00 mark. As buyers hunt for upside continuation, the pair is correcting but could be headed for a new high. As buying interest ramped up at the $27.22 level, silver is currently pushing up […]

At the end of the prior session, the white metal turned positive away from weekly lows of $26.72 and shot to two-day highs, around $27.48 level. XAGUSD trend appears to be stacked in favor of buyers, implying that further advances are likely. Following worse-than-expected US results, the dollar fell on Friday. Key Levels Resistance Levels: $30.13, $28.90, […]

Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bullish Gold price has resumed upward move after breaking the resistance at $1,780. The market pullback to retest the $1,780 support and then resumed upward. This signals the resumption of an upward move. Meanwhile, on April 22 uptrend, a retraced candle body […]

Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Bearish Gold is presently in a downward move. The current downward move was a rejection from $1,950. On March 8 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Gold is expected to fall to […]

XAGUSD Price Analysis – April 29 After failing to consolidate the prior week’s high at $26.30, Silver (XAG) has dropped back towards the $26.00 level with Friday’s close of $25.85 level. A sharp rise in US Treasury bond yields appears to be putting pressure on the white metal. From the last session, the benchmark 10-year […]

XAGUSD Price Analysis – April 9 The white metal managed to continue its rebound from lows of $23.78. Silver (XAGUSD) is building on Friday’s rebound above $25.00 as the US dollar remains pressured after Jobless Claims. Key Levels Resistance Levels: $27.50, $26.77, $26.00 Support Levels: $24.50, 23.50, $21.89 XAGUSD Long term Trend: Ranging The technical […]

Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: Ranging Gold is making positive moves as price breaks the resistance at $1,750. XAUUSD will be out of the range-bound zone if the bullish momentum is sustained. The upward move may face resistance at $1,800 and $1,840. In the previous price […]