The gold price has stabilized at around $4,070 following a recent dip in value. Traders are keen to see if gold could maintain support above this level after the current consolidating formation. The charts reflect a current pause in selling after a slight slide from earlier highs, with prices remaining on support following an initial…
Gold has re-emerged above the $4,000 psychological level after a powerful bounce back from the session low. Prices have moved closer to the resistance level at $4020-$4025 after a strong intraday move, and investors wonder whether they can successfully cross above the $4,000 mark and further proceed to recover. Gold Price Recovers After a Sharp…
Momentum trading signals are mixed, and traders are evaluating recent bullish/bearish price action. Traders are closely watching key support and resistance levels as gold (XAU/USD) remains in a volatile range just above $4,120. Price action continues to be driven by short-term technical setups and intraday market action. Investors are waiting for direction changes to take…
Tether has launched Alloy, a synthetic dollar product backed by Tether Gold, in a move that pushes the stablecoin issuer further beyond simple dollar tokens. For more details, visit the official Tether platform. TL;DR Tether has introduced Alloy and its aUSDT synthetic dollar product.The product is backed by Tether Gold (XAUt) rather than traditional cash…
Gold has bounced off of its recent lows as buyers appear around the $4,000 price zone, but technical traders aren't sure if the rebound is the start of a bigger reversal or simply the latest rally within a longer-term downtrend. Now, several independent chart studies are converging in that same spot to identify it as…
While renewed concerns over energy supply disruptions have helped lift oil prices, gold is also drawing renewed attention as traders evaluate whether safe-haven demand can push the precious metal toward the key $4,100 resistance zone. At the same time, ongoing technical weakness suggests that bullion still faces important hurdles before a sustained recovery can develop.…
Both gold and silver entered into critical technical zones as they tried to consolidate after some selling pressure. Gold was able to break back above the $4,100 level, indicating an early move towards restoring short-term support. In the meantime, silver has settled for $58.20, with liquidation data indicating that competing pools of leveraged positions are…
Gold continues to be pressured on the break from a record high in January, with about 26% off its price. Both the latest charts are weak technically, as the price trades below previous support levels, and the rebounds are losing momentum. Both analysts, Ian Cooper and Ole Hansen, continued to see selling pressure, but with…
Gold has bounced off its recent sell-off, but that bounce is now up for an important test around $4,366. The common charts reveal that XAU/USD continues its efforts at stabilizing as it dips nearer to the $4,023 mark, at which point buyers took the price back above $4,300. Gold still hasn’t moved above several resistance…
TL;DR Coinbase Derivatives announced 24/7 gold and silver futures contracts for US traders. The products are positioned as regulated commodities exposure through Coinbase’s derivatives arm. Coinbase also indicated that oil futures are planned as a later expansion. Coinbase Pushes Further Into Regulated Futures Coinbase Derivatives is expanding its regulated futures lineup with 24/7 gold and…