A $100 Drop Halts Gold’s Bullish Trend
Gold bounced off the 50% correction line after last week’s plunge. The metal’s next move will either strengthen the bullish reversal or signify a continuation of the 10-month bear market.
News
Fed Discusses Interest Rate Hikes
Gold took a hit this week, alongside the stock market, after Jerome Powell announced the Fed’s plan to mitigate hotter-than-expected inflation.
The Gold Rotation: Institutional Investors Seek Stability
After surging past several resistance points on its climb to $1,900, gold continues to shine in a financial ecosystem wrought with volatility.
Risk Assets Sell Off as Gold Hits a 3-Month High
Investors sent hot technology stocks and cryptocurrencies tumbling downward this week, increasing safe-haven demand for gold.
Gold Marches Higher Amid the CPI’s Shocking Jump
Gold is continuing its short-term bullish pattern as year-over-year consumer inflation reached a shocking 4.2%.
Gold Finally Pushes Above $1,800
Gold made an exciting jump above a key resistance level today. Unprecedented money supply growth in the United States is a boon for commodities prices.
Prepare for a Commodities Breakout
Commodity prices across the board are surging amid the Fed’s easy-money policies and a skyrocketing monetary supply. Will gold soon catch the wave?
Dollar Declines, Metals Rise
Gold is putting in higher highs, signaling a bullish reversal that could finally end 2021’s short-term bear market.
Inflationary Pressures Push Gold Higher
The US dollar is showing weakness as compounding pressures of devaluation rack the currency. Gold is taking advantage of this weakness and moving higher.
Gold Approaches a Breaking Point
Gold put in a double bottom at the key support level of $1,680, and is now experiencing some bullish action to the upside. Did gold finally turn around?