Gold daily chart turns back up

Gold prices turned around at the end of this last week, as weak U.S. inflation reports cast doubts on the Federal Reserve’s calculations for another increase in interest rates. This view was further strengthened with the release of the minutes of the Fed’s September...

Gold still in long-term uptrend

Gold prices continued their retracement last week, as stronger-than-expected U.S. unemployment reports helped buoy the U.S. dollar. But gold prices managed to gain some support at the 100-day moving average around $1,272 per ounce. As the following monthly SPGSGC...

Buying opportunity coming?

Gold prices have broken down on both the daily and the weekly charts (see chart below). This downtrend began when the Federal Reserve started signaling that it was looking to raise interest rates and reduce its huge balance sheet. However, on Tuesday (9/26), Federal...

Gold fizzles after Fed announcement

Last week, gold prices continued their fall from their peak of $1,360 per ounce two weeks ago. On Wednesday, the Federal Reserve announced plans to continue interest-rate hikes and begin unwinding its balance sheet next month. This boost to the U.S. dollar, which...

Bitcoin gets bit

After participating in an uptrend for two weeks, gold prices started a downtrend last week (see chart below). However, gold prices remain in a long-term uptrend on the weekly charts. The U.S. dollar remained in severe bear market territory, in an extended downtrend...

The dollar takes a dive

Gold continued its upward movement last week, closing above $1,350 per ounce on Friday (9/8). Tensions with North Korea keep increasing, causing investors to seek the “safe haven” feature of gold. Another factor in gold’s rise was the resignation of Federal Reserve...