Danger alert over for now

As global tensions eased last week, gold prices fell, finishing with their first weekly decline in the last three weeks. But gold remained in an uptrend on the weekly chart (see chart below). In this consolidation pattern, what could be the catalyst for gold to break...

Trade-war tensions escalate

Gold prices went sideways last week, staying in a range of between $1,320 and $1,350 per ounce. They ended the week at $1,337, remaining in an uptrend. Equity markets swung wildly, keeping the U.S. dollar in its slump, all while the potential for a trade war between...

Springtime for gold

As we pointed out last week, gold prices have broken out into a new uptrend, although they retraced back to the new support line at the end of last week. This has brought even the “bears” out of hibernation, waking them up to a potential upsurge in the coming weeks....

All shook up

Gold broke out of its slump last week, returning to a daily uptrend (see chart), to bring it back in line with its weekly chart trend. President Trump signed a memorandum on Thursday that could impose tariffs on over 120 imports from China. This prompted fears of a...