• Gold and Gold-Related Stocks Will Shine This 2016

    Gold and Gold-Related Stocks Will Shine This 2016

    Aside from the breakout of gold from a longstanding downtrend, a potential pick up in volatility in the global financial markets again perhaps by May 2016 will further support the demand for safe haven assets like gold. Intermarket analysis also points to a rise in commodities, particularly gold, as bull runs on fixed income securities

  • Potential Rebound On Deck In Gold

    Potential Rebound On Deck In Gold

    In our entry that we posted last January 27 (kindly see it HERE), we noted that the price of spot gold or the XAUUSD pair would likely head north towards a minimum target of $1,350 given its breakout from an inverted head and shoulders pattern. Indeed, the yellow metal reached for the said objective and

  • Rally Extension Seen In Gold?

    Rally Extension Seen In Gold?

    The price of gold or the XAUUSD pair appears to have recently broken above a key resistance level last Friday. Its rise over the 1,260 marker translates to a breach of its downtrend line and it’s the neckline support of what looks to be a head and shoulders pattern.  Moreover, the jump that it made

  • 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