Gold - Pullback almost done. Gold concluded the trading year 2023 with a closing price of USD 2,063, marking an increase of approximately USD 240 or 13.1% over the course of last year. Particularly beneficial for this overall strong performance [...]
Gold - Turning point within reach Over nine weeks have passed since the last peak in gold. During this time, gold prices have fallen by 8.4%, from USD 2,067 down to USD 1,893. While the initial wave of this correction [...]
Gold - No clear turning point yet In early May, gold once again failed to overcome the resistance around USD 2,070. Hence, the widely expected breakout has been once again postponed. Instead, our anticipated correction scenario has fully played out. [...]
Gold - Consolidation before the next wave down Since reaching a high of USD 2,067 on May 3rd, the bears have taken control of the gold market. In an initial wave down lasting about three and a half weeks, they [...]
Gold - Topping process followed by a pullback While US regulators are racing to secure the sale of California bank First Republic, the US banking crisis continues and is far from being over. Gold, on the other hand, remains the [...]
The big boys are playing Yoyo In our last gold chartbook from March 19th, 2021, we assumed that gold had likely started its typical correction in spring. At the same time we figured, that the first leg down from US$2,070 [...]
Potential recovery to approx. US$2,000 Driven by the dramatic geopolitical escalation in Ukraine as well as the tough and unprecedented sanctions against Russia, which resulted in exploding oil and commodity prices, the gold market experienced a sharp spike followed by [...]
Spring correction or further escalation? When Gold started to break out of its multi-month triangle in early February, we figured that US$1,975 would be a realistic target. We also stated that a short-lived overshot towards US$2,000 would be a possibility. Little [...]
Strong reversal should lead to another leg up We have been bullish on gold since mid of December. Back then it was primarily the oversold setup coupled with a beaten down sentiment and a positive seasonal pattern, which led us [...]
