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Technical Analysis: Gold bears set to retest seven-month-old support near $1,680

Gold’s sustained trading below a horizontal area established since May 2020 gained support from Treasury yields rally to direct bears towards a falling trend line from August, currently around $

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Technical Analysis: GBPUSD teases sellers ahead of UK budget

In addition to a sustained downside break of the one-month-old support line, portrayed last Friday, the weekly falling trend line also suggests a bearish bias for the GBPUSD prices ahead of the key UK

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Technical Analysis: Silver eyes yearly bottom on breaking key support confluence

Silver finally follows gold while breaking short-term support confluence near $26.30, which in turn drags it towards late January lows. Although oversold RSI on four-hour (4H) chart probes the metal s

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Technical Analysis: GBPUSD bears stay hopeful below key support line

Although 100-SMA defends cable buyers, bearish MACD and hopes of the US dollar’s further recovery, following the $1.9 trillion covid stimulus, seem to favor the GBPUSD sellers. As a result, the

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Technical Analysis: Gold teases key support-zone amid global bond rout

With the fears of reflation propelling global Treasury yields and the US dollar, gold remains depressed near the three-month-old horizontal support. With the bond rout less likely to fade soon, couple

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