Gold news

Technical overview remains bullish in both daily and weekly time frames, and trader bias remains heavy to extreme buy.

Major tailwinds are pushing gold to new all-time highs.

The technical overview remains volatile given the uptick in intraday price action combined with record highs, while in sentiment still a story of majority long bias among both clients and institutional traders.

It has made quick work of the infamous $40 level to comfortably move within the handle, and it’s still a story of majority long sentiment among traders both large and small

Traders await updates on bullion tariffs after “misinformation” claim, but that isn’t the only event this week on the fundamental front that can move the needle.

Denial of Fed Chair Powell’s removal has meant a pullback off the highs, but what will it take to get gold prices to break out of its short-term bull channel?