Black Swan Event
A Black Swan is an unpredictable event and mostly out of the norm. It usually causes a domino effect (negative) in the market, sometimes even a catastrophe.
In general, a Black Swan event has to fulfil these three conditions:
it happens unintentionally;
it creates a...
In this year, the gold prices have surged more than 35% supported by geopolitical tensions, a weaker US dollar and mounting numbers of coronavirus cases across the globe.
GOLD -80$ down today, currently testing $1940, break below this level the next support at $1920 (previous all-time high)...
Gold price dropped back to below $2000 on Tuesday during the European session, the yellow metal dropped to a fresh weekly low of $1983. On Monday, the gold price started the week on a positive note and climbed to near $2050 but later in the North American session, the price retreated to below...
The gold price hit an all-time high of $2038 on Wednesday during the European session. The recent upside rally supported by a weaker dollar, escalating tensions between the US and China and a large explosion in the Lebanese capital, Beirut. The safe-haven metal surged more than 30% this year...
GOLD price this year ⬆️ 30%, the yellow metal has broken the previous all-time high of $1921 and touched $1944 per ounce today. Moving ahead this week’s movements are crucial for future directions.
Gold price at the decision point. Watching $1790 and $1818 for this week. If the price break above $1818, the next level to watch $1830/36. On the other side break below $1790/92 will open doors to $1780/74 followed by $1760.
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Gold price climbed above $1,800 an ounce during the European session, the first time since 2011. The overall momentum remained bullish throughout this week as investors turned to safe-haven assets amid a spike in coronavirus cases in several countries across the globe.
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Gold Falls as Investors Buy Dollars
Gold investors are the least optimistic in 5 weeks as due to political problems in Europe. All gains of 2012 have been lost recently as investor...
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