Market Commentary

XAUUSD - Rallies Back Above $1550 on US-China Trade Deal

on January 16, 2020 | By Stuart McPhee | XAUUSD, Gold

In the last week gold has eased a little from its seven year highs above $1600 from last week however it has found some support around $1550. In the last two weeks or so gold surged very strongly to its highest level in seven years above $1610, after it exploded through the key $1500 level, which had been a significant level for several months. Gold has been quite volatile in the last two weeks with the explosive moves as there would have been a lot of profit taking from the multi-year highs.

Market Recap: 6 - 10 January

on January 13, 2020 | By Stuart McPhee | EURUSD, DJIA, GBPUSD, XAUUSD, UKOil, US30, Gold

On Monday last week we covered the EURUSD which spent the remainder of the week moving back down to the key 1.11 level where it found more support. It had previously eased back below the key 1.12 level back into its popular range between 1.11 and 1.12 where it has spent considerable time in the last few months. It had moved strongly to close out last year and into the new year moving to a five month high near 1.1250, before easing.

XAUUSD - Surges to Six Year High Near $1590 on US-Iran Tensions

on January 7, 2020 | By Stuart McPhee | XAUUSD, Gold

In the last week gold has surged very strongly to its highest level in nearly seven years just shy of $1590, as it has exploded through the key $1500 level. It has eased a little in the last 24 hours trading in a narrow range as some relief selling is to be expected as people take some profits.

XAUUSD - Settles Around $1475 as Trade Deal Weighs

on December 19, 2019 | By Stuart McPhee | XAUUSD, Gold

In the last few days gold has moved very little trading right around the $1475 level, as it remains in a narrow range trading roughly between $1460 and $1480, where it has spent the best part of the last few weeks. It has spent this time consolidating after dropping sharply back through the key $1500 level to a three month low below $1450. For the prior two months gold had settled around the current key $1500 level, moving back and forth around this level, seemingly content to not move anywhere else, so the recent move lower could be significant.

Valutrades Market Blast Technicals :: 17 December 2019

on December 17, 2019 | By Brad Alexander | GBPUSD, XAUUSD, Gold, EURGBP, USOil, WTI, Technical Analysis, Brent Crude, GBPAUD, XAGUSD, Silver

Welcome to this week’s Market Blast Technicals where we will look at UK Oil (Brent), US Oil (WTI), GBPUSD, EURGBP, GBPAUD, Silver (XAGUSD) and Gold (XAUUSD).

Valutrades Market Blast Technicals 10 December 2019

on December 10, 2019 | By Brad Alexander | AUDUSD, USDJPY, XAUUSD, Gold, USOil, WTI, Technical Analysis, Fibonacci, Descending Triangle, GBPNZD

Welcome to this week’s Market Blast Technicals where we will look at GBPNZD, USDJPY, WTI (US Oil), Gold (XAUUSD) and AUDUSD.

Market Recap: 2 - 6 December

on December 9, 2019 | By Stuart McPhee | AUDUSD, DJIA, GBPUSD, XAUUSD, US30, Gold

On Tuesday last week we covered the AUDUSD which continued to apply buying pressure on the key level of 0.6850 which continued to offer strong resistance. Earlier in the week it bounced strongly off the key support level at 0.6750 after spending the last five weeks steadily but surely easing away from a three month high above 0.69 and moving back down below the key 0.6850 level. In doing so it returned to its popular range between 0.6750 and 0.6850, where it continues to trade, with the resistance at the 0.6850 level keeping it lower.

XAUUSD - Settles Around $1470 as Markets Consider Fed’s Next Move

on December 5, 2019 | By Stuart McPhee | XAUUSD, Gold

In the last few days gold has moved a little higher however it remains in a narrow range trading roughly between $1460 and $1470, where it has spent the best part of the last few weeks. It has spent this time consolidating after dropping sharply back through the key $1500 level to a three month low below $1450. For the prior two months gold had settled around the current key $1500 level, moving back and forth around this level, seemingly content to not move anywhere else, so the recent move lower could be significant. Now that gold has broken lower through $1500, it may start to meet resistance at this level should it rally higher.

Valutrades Market Blast Technicals :: 3 December 2019

on December 3, 2019 | By Brad Alexander | EURUSD, XAUUSD, US100, Gold, EURGBP, USOil, WTI, Technical Analysis, Fibonacci, NASDAQ

Welcome to this week’s Market Blast Technicals where we will look at Gold (XAUUSD), EURUSD, GBPUSD, EURGBP, the NASDAQ (US100), WTI (US Oil), CADJPY and USDCAD.

Valutrades Market Blast Fundamentals 25 November 2019

on November 25, 2019 | By Brad Alexander | Forex Trading, XAUUSD, USDCAD, HK50, Gold, NZDUSD, Fundamental Analysis, Hang Seng

XAUUSD - Rallies Back Above $1550 on US-China Trade Deal

Market Recap: 6 - 10 January

XAUUSD - Surges to Six Year High Near $1590 on US-Iran Tensions

XAUUSD - Settles Around $1475 as Trade Deal Weighs

Valutrades Market Blast Technicals :: 17 December 2019

Valutrades Market Blast Technicals 10 December 2019

Market Recap: 2 - 6 December

XAUUSD - Settles Around $1470 as Markets Consider Fed’s Next Move

Valutrades Market Blast Technicals :: 3 December 2019

Valutrades Market Blast Fundamentals 25 November 2019

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