Tag Archives: Gold

Gold prices saw a sharp decline yesterday, aligning with the negative outlook in the previous report, which anticipated a break of the $2645 support level, reaching the target of $2605 per ounce. Today’s technical view suggests the potential for a continued corrective decline. The 240-minute chart shows a bearish alignment, …

Most financial market entered Q4 with a volatile earthquake, largely due to the heightened uncertainty surrounding four key factors: the US labour market, East Coast port strikes, Middle Eastern tensions, and the impending US presidential election. However, the previous trading week brought a glimmer of relief, as the US nonfarm …

Gold prices have been trading in a narrow sideways range, with support holding above the 2645 DGM level and resistance below 2665. The technical outlook for today suggests the possibility of continuing the corrective decline, especially after gold failed to break through the 2665 resistance. A closer look at the …

The US dollar continued to rise and hit new three-week highs, supported by growing US rates and an ongoing risk-on attitude in reaction to escalating Middle East tensions. The US Dollar Index (DXY) surged to all-time highs of over 101.70 as a result of the ongoing risk aversion and growing …

Gold prices declined during the previous trading session after failing to maintain stability above the 2645 support level, moving toward the first official target of $2624 per ounce. Today’s technical analysis indicates a likelihood of continuing the corrective decline. A closer look at the 4-hour chart reveals that the simple …

For the second day in a row, the price of gold declines as month-end flows favor the US dollar despite declining US Treasury yields. However, September is expected to be the strongest month for the golden metal since March 2024, when prices increased by more than 9%. Monthly gains of …

Last week, risk assets and gold emerged as the clear winners over the dollar in the financial markets race. This was fueled by recent economic data releases from the United States, which reinforced the perception of price stability and strengthened the likelihood of continued interest rate cuts by the Federal …

Gold prices continue to reach new historical peaks for the fifth consecutive session, hitting the first target indicated in the previous technical report at 2681, and recording a high of $2685 per ounce. From a technical analysis perspective today, and by examining the 4-hour chart, gold has established a minor …

Gold prices continued to reach record highs for the fourth consecutive session, hitting a new peak during the previous trading session at $2,671.00 per ounce. From a technical analysis perspective today, and looking at the 4-hour chart, gold displayed some bearish bias, retesting the previously breached resistance near $2,650. The …

Gold prices have shown resilience despite rising US Treasury yields, maintaining a steady position above $2,650. The market’s increased expectation of further interest rate cuts by the Federal Reserve (Fed) has provided support to the precious metal. However, the strengthening US dollar and elevated Treasury yields have limited gold’s upside.Factors …