Florian Grummes
Gold Market Analyst & Author
Florian Grummes (born 1975 in Munich) has been studying and trading the Gold market since 2003. In 2008 he started publishing a bi-weekly extensive gold analysis containing technical chart analysis as well as fundamental and sentiment analysis. Parallel to his trading business he is also a very creative & successful composer, songwriter and music producer. You can reach Florian at: [email protected].
Florian Grummes Articles
After reaching a new all-time high of USD 2,790 on October 30th, 2024, gold prices experienced a sharp and rapid pullback, hitting a low of USD 2,535 on November 14th. This correction was driven by a combination of speculative profit-...
Since breaking above USD 2,530 in late August, gold prices have only known one direction: upward. Following a meteoric rise, a new all-time high of USD 2,790 was reached last week on Wednesday. A significant consolidation or even a genuine...
In recent weeks, gold has experienced significant fluctuations, marked by an impressive rally and subsequent pullback. As the price of gold reached new heights, investors have been keenly observing the dynamics at play.
Starting from a low of USD 2,353 on July 25th, gold has been able to push further upwards over the past four weeks. Last Friday, spot gold prices climbed above the magical USD 2,500 mark for the first time. The bulls carried this momentum...
Bitcoin, the world’s leading cryptocurrency, is entering a period historically marked by reduced trading activity and price stagnation, often referred to as the “summer doldrums.” This seasonal weakness, typically observed from early June...
On Whit Monday, May 20th, the price of gold reached a new all-time high of USD 2,450. However, this milestone was immediately followed by a sharp pullback to USD 2,287, from which the gold market has so far been unable to recover...
The gold market’s meteoric rise over the past seven-and-a-half months has been nothing short of extraordinary. Fueled by heightened geopolitical tensions and robust central bank buying, gold prices smashed through resistance around USD 2,...
Gold prices have taken a dip as hopes for a rate cut diminish following the reduction of broader conflict risks in the Middle East. As the attention is now turning to the upcoming Fed meeting, gold is now hovering above the USD 2,300...
After a sharp two-month rise to a new all-time high of USD 2,149 on December 4th, the gold market experienced a sharp pullback to USD 1,973 in the final weeks of the old trading year, followed by a rapid recovery to USD 2,088. To digest...
The gold market has seen quite a bit of action in recent weeks. Initially, on Monday, December 4th, during early Asian trading, the anticipated breakthrough above the all-time high at USD 2,075 was finally achieved.
