Tag: Commodities Market

As we delve into the intricate world of bullion trading, a bullish hammer pattern hints at a possible recovery in the price of gold. The pattern, observed in the recent fluctuations of gold prices, suggests a bullish trend, which could reinvigorate the gold market. This classic reversal pattern, which can be spotted in price charts,…

Despite a recent selloff, gold prices continue to find substantial support in the market. Looking at the overall scenario, it’s clear that the yellow metal has remained a favorite among investors. The selloff phase generated a certain fear sentiment, but instead of panicking, investors have stepped in with confidence, leveraging the drop to accumulate more…

In a much-anticipated economic turn, the silver market is now seeing a significant rise. With the XAG/USD hitting, and swiftly surpassing, a high of $32.50, this positive momentum indicates the start of a bullish period in the silver market. Although the economic forecast can never be fully certain, the market’s current tendency suggests a possibility…

Gold price has recorded a sudden snap after a seven-week rally, a noticeable event in the market ahead of crucial upcoming events: the U.S. Elections and Federal Reserve (Fed) announcements. After weeks of consistent growth, this break may seem surprising to some traders, but many experts had forecasted possible fluctuations amid significant political and economic…