Tag: gold

Today, we will look at gold and silver again. This week we have witnessed more significant downward movements. Did it affect the overall trend? Let’s take a look.

The current price of XAU/USD - Gold Spot US Dollar is 1 763 (August 06, 2021). This commodity is currently being traded in an important area after a decline caused mainly by the strengthening of the US dollar. It may still play a major role for this commodity in the near future. Let’s now look at statistical and technical analyzes.

Today I would like to briefly describe the current situation on gold and silver. Gold has already surpassed the local trend while silver is preparing for it. But what does this tell us in the longer term? Let’s cover it in today’s technical analysis.

In todays analysis we will be looking more closely at gold. We will not only look at the daily chart, but also at long term trend. However, to satisfy the needs of all traders, I will also look at the short term timeframes and will provide technical analysis for upcoming few days.

The current price of XAU/USD - Gold Spot US Dollar is 1 780 (June 25, 2021). This commodity is currently being traded in an important area after a decline caused mainly by the strengthening of the US dollar. It may play a major role for this commodity in the near future. Let’s now look at statistical and technical analyzes.

The energy consumption of cryptocurrencies and their impact on the environment is increasingly being discussed around the world. This is currently one of the biggest point of criticism. However, an important comparison with the current banking system, or the gold mining industry, is often forgotten.

The current price of XAU/USD - Gold Spot US Dollar is 1 842 (May 14, 2021). This commodity is currently traded in an important area. The price of gold can be affected by other fundamental factors (rising inflation) and uncertainties in global financial markets. Let us look at statistical and technical analyzes.

The current price of XAU/USD - Gold Spot US Dollar is 1 729 (April 02, 2021). This commodity is currently traded in an important area. There are other fundamental factors and uncertainties in global financial markets that could affect the price of gold. Let’s look at statistical and technical analyzes.

In February, we saw a significant drop in gold price on the stock exchange. The most crucial factor that caused this decline was the growth of yields on the bond market. The relationship is simple, as yields on US government bonds rise, precious metals, even the stock market, tend to weaken. On the contrary, if long-term bond yields fall again, we can expect growth in precious metals. It is not the only factor, but the key one.