Category: Commodities Analysis

Introduction Gold prices are approaching the critical $3,000 per ounce level, driven by a combination of fundamental strength, mixed market……
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Gold (XAU/USD) has surged to record highs, recently reaching $2,798.40 per troy ounce. The rally is driven by geopolitical uncertainties,……
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Copper prices face bearish pressure due to supply disruptions and macroeconomic headwinds, presenting short-term selling opportunities while maintaining long-term growth potential.

Gold is currently in a consolidation phase, trading within the Ichimoku Kumo and reflecting market indecision. Fundamental drivers like inflationary pressures, geopolitical risks, and anticipated Federal Reserve easing support a long-term bullish outlook. A breakout above $2,663.35 could signal bullish momentum, while a breakdown below $2,640 may lead to further downside.

Gold continues its bullish recovery amid a complex interplay of technical, fundamental, and sentiment-driven factors. Geopolitical tensions, evolving monetary policies, and robust technical levels create a favourable setup for gold, with potential targets of $2,700 and $2,750 in the short term. However, risks from stock market competition and uncertain central bank actions persist.

Crude oil remains in a bearish trend, facing downward pressure from weak demand and inventory builds. Technicals and fundamentals align with a short-term bearish outlook, with $66 acting as a key support level. Keep an eye on OPEC+ meetings for potential catalysts.

Gold continues to face bearish pressures as USD strength and steady global economic conditions reduce safe-haven demand. With resistance near 2,653 and support around 2,550, the outlook remains bearish. Technical indicators, including the Ichimoku Cloud and RSI, confirm this trend, suggesting limited upside without major shifts in market dynamics.

Gold stabilises around $2,617, influenced by Fed policy and USD strength. Key support at $2,395 and resistance at $2,649 guide upcoming moves, with cautious market sentiment reflecting global economic uncertainties and geopolitical tensions.

Gold faces downward pressure as the US dollar strengthens and bearish technical signals emerge. Key support at $2,645 could determine the next move, but sentiment remains bearish, suggesting further downside potential.

Gold is showing signs of a bearish reversal amid dollar strength and Fed hawkishness. With RSI in overbought territory and weakening buying volume, short-term downside is likely.