The bears have been dominating the scene, and even taking the price of XAU/USD to slightly below $1,675. Since then, the price has been moving sideways and is presently at $1,678.90 and has been moving above and below its 50-day Simple Moving Average (SMA). At the time of writing, it is now trading

In the early hours of trading today, XAU/USD dipped to $1,851.39 and subsequently paring the gains to 0.50%. Analyst Anil Panchal at FX Street believes that the bulls will probably remain watchful while waiting for the price to break past $1,875. If this happens, there is a potential to hit the mid-

The US economy lost 140,000 jobs in December and with Covid cases rising once again we can't rule out further economically damaging containment measures. While we remain very upbeat on the US' medium- to long-term prospects, we have to be braced for more bad economic data that could last well into 2