• Will Gold Resume Its Downtrend?

    Will Gold Resume Its Downtrend?

    Gold has been on a major downtrend since it broke down from its support at $1,550.00. Soon after the precious metal saw its price slip to a low of around $1,200.00. Recently, though, the XAUUSD pair made a comeback as it rallied back towards $1,350.00. But given its technical set-up, its likely that gold may

  • Gold To Extend Its Rally?

    Gold To Extend Its Rally?

    Gold prices may extend its rally as the precious yellow metal was able to jump over its short term downtrend line. The recent breakaway gap of the XAUUSD pair may send it higher towards 1,350.00. While it is likely that it will extend its rally due to the recent appetite on the commodity, it may