Wednesday 29th March 2023: Alibaba’s split plan boosts Asian markets; dollar slips
Global Markets: Asian Stock Markets : Nikkei up 1.33%, Shanghai Composite […]
Wednesday 29th March 2023: Technical Outlook and Review
Gold prices have been exhibiting bullish momentum, supported by the fact that price is currently above the bullish Ichimoku cloud. In the near term, prices could potentially continue to rise towards the first resistance level.
Tuesday 28th March 2023: Asian Markets End on Divergent Note as Banking Fears Subside and Oil Rallies
Global Markets: Asian Stock Markets : Nikkei up 0.15%, Shanghai Composite […]
Tuesday 28th March 2023: Technical Outlook and Review
Gold Maintains Bullish Momentum, Could See Continuation Towards Resistance Levels Gold's overall momentum remains bullish, as the precious metal continues to trade above key support levels. Currently, gold is trading at around $1965.00 against the US dollar.
Monday 27th March 2023: Oil and Gold Prices Slip as Asian Markets Trade Cautiously
Global Markets: Asian Stock Markets : Nikkei up 0.33%, Shanghai Composite […]
Monday 27th March 2023: Technical Outlook and Review
The XAU/USD chart is currently showing bearish momentum, with potential for a continuation towards the first support level at 1948, which is an overlap support level. If prices were to drop further, they could reach the second support level at 1881, which is also an overlap support level and coincides with the 61.80% Fibonacci retracement level.
Friday 24th March 2023: Banking woes weigh on Asian stocks, bonds see relief rally
Global Markets: Asian Stock Markets : Nikkei down 0.13%, Shanghai Composite […]
Friday 24th March 2023: Technical Outlook and Review
The XAU/USD chart is currently showing a bearish momentum. Price could potentially make a bearish reaction off the first resistance level at 2007 and drop towards the first support level at 1957. This support level is an overlap support and has held prices up in the past.
Thursday 23rd March 2023: Technical Outlook and Review
The XAU/USD chart shows a bullish momentum, and price could potentially continue to rise towards the 1st resistance level at 2007.00, which is a swing high resistance level. The 1st support level at 1957.00 is a strong overlap support level, which could provide a bounce if price were to drop.
