vanimator

vanimator Updated  Jan 3, 2021

Gold ended 2020 on a strong note having a green week closing just shy of $1900 broadly on heightened uncertainty and a down-trending dollar. The current situation of the world remains conducive of higher gold price as the pandemic is still not showing any signs of weakening even after 10 months which spills over as a grave problem point in the 2021 as well even...

vanimator Updated  Dec 28, 2020

Gold moved higher crossing $1900 briefly mainly on back of a lower dollar and substantial rise in uncertainty due to the spreading of the second strain of coronavirus which forced a near total lockdown of the United Kingdom where as other countries were also pushed to take measures to curb the spread of new virus strain though it has already reached in many parts...

vanimator Updated  Dec 21, 2020

Gold made a green bar almost copying the one made in the first week of December closing above the crucial zone of $1850-$1870s as dollar continued to decline. This move was again largely on expected lines given the weekly open along with the created cup and handle pattern which dismissed any bearish activity which might have happened due to last week’s candle...

vanimator Updated  Dec 16, 2020

Gold did move in the anticipated range as it touched the highs of $1875 but failed to close above the resistance zone of $1850-$1870s. This move was largely on expected lines as the only resistance for the price post hitting the channel low was the bitter zone of $1850-$1870s which undoubtedly got respected on the first try to break higher though it may not be...

vanimator Updated  Dec 7, 2020

Gold staged a decent recovery after touching the channel/flag low as the dollar remained in declining trend. The metal was dangerously positioned at the start of the week as a move below the support (channel/flag) would have resulted in a breakdown which in current scenario was not the apt case to happen given the uncertainties world is facing due to the pandemic...

vanimator Updated  Dec 2, 2020

Gold finally broke its consolidation on downside with a $100 plus week ending with a red candle of $82 completing its pattern target in the week itself. This big move was triggered by a wave of optimism in riskier asset class as air over smooth presidential transition got cleared since Donald Trump finally accepted the fate though he still blames the election as a...

vanimator Nov 22, 2020

Gold remained confined in its range with repetitive moves which not only solidified the demand area but also threw light over the resilience of the price to fall below the support even after 2nd vaccine news mirroring the last week’s move. With the vaccines rolling out in such a manner it might itself create a totally new wave of geopolitical rift over the...

vanimator Nov 15, 2020

Gold mirrored past week’s candle yet again but on the downside retesting the breakout and in the process creating a double bottom which is an extremely bullish sign adding to the already bullish price action post its 5 week consolidation/pattern breakout. Politically, situation in America remains largely same with Donald Trump still refusing to concede the already...

vanimator Updated  Nov 11, 2020

Gold finally had a breakout from the range it had got stuck in since last 5 weeks on the back of a lower dollar mainly though many other reasons attributed to its rise as well. With U.S presidential elections out of the way though Donald Trump hasn’t yet conceded formally and is taking a legal route to salvage/make up lost states, it seems pretty clear that the...

vanimator Updated  Nov 3, 2020

Gold yet again had an indecisive week just moving inbetween the support and the resistance which was on expected grounds as it awaits the event outcome. With this year’s most important and crucial event of Presidential Election being just 48 hours away, gold may remain highly volatile as even minute information/misinformation should lead to massive swings since...

vanimator Oct 25, 2020

Gold remained in consolidation/range with week’s candle mostly mirroring the previous two with the exception of the body of the candle which didn’t match as the actual movement was less than $2. Gold managed to have a closing above $1900 again simply suggesting the tone of the market which by all means remains bullish as uncertainty is near the highest level with...

vanimator Updated  Oct 21, 2020

Gold replicated last week’s candle with just a difference in direction and a notable higher low on weekly timeframe, thus still remaining in consolidation/range bound. With the U.S presidential elections now mere 15 days away and a massive surge in new virus cases forcing most of the European countries into partial lockdown again, uncertainty is really spiking up...

vanimator Oct 11, 2020

Gold printed another green candle on back of dollar weakness ending the week not only above $1900 but above the crucial level of $1920s which tends to be the gatekeeper for the further price movement. As ever so important event of U.S election draws closer volatility will continue to ramp up irrespective of the nature of news flow rather even small things will be...

vanimator Updated  Oct 4, 2020

Gold retraced back almost 50% of last week’s loss as uncertainty continued to weigh in and with U.S elections not being even a month away the volatility will continue to muddle investment instruments. Again with gold seemingly looking a bit torn down post the fall below $1920s, fundamentals continue pouring in support and this time its a massive cause of...

vanimator Sep 20, 2020

Gold yet again remained in consolidation even after another pattern breakout offering no respite to either camps (bulls and bears) as they just kept biting into one another for glory. This kind of nonchalant movement with every weekly candle closing above the trendline support remains one of the key indicators for the continuity of the trend on technical front...

vanimator Updated  Sep 15, 2020

Gold for the 4th straight week proved to be directionless with moves limited in a range although its continuously sending bullish signals via breakouts over and over again. Probably it can be seen as a wait and watch game going on in gold as it seeks further direction from U.S Fed which is due to meet on 16th for its monetary policy or maybe its the same old...

vanimator Updated  Sep 10, 2020

Gold remained in consolidation even after the breakout as a fresh wave of profit booking ensued across all asset classes in the last 2 days of the week which can be again termed as flushing of retailer bets since the fall was limited to the retest of previous high/breakout. This agonizing movement of gold which is clearly saddled between the support and resistance...

vanimator Updated  Aug 30, 2020

Gold finally had a green week after a gap of 14 days as U.S Fed reaffirmed its easing monetary policy rather it extended the timeline to few years from the earlier 2022 end. This move by the Fed indicates that the economic revival will be slow and painful as the pandemic is still creating fresh turbulence and will likely continue for sometime as historically seen...