Tag Archives: Gold

Strong US Retail Sales figures and a spike in US Treasury yields have continued to drive down gold prices, which have lost more than 1.11% of their value. Gold’s decrease is partly due to the US Dollar Index’s upward trajectory, which reached a five-week high, and hawkish remarks made by …

Gold prices experienced negative trading in line with the expected downward trajectory outlined in yesterday’s technical report, reaching the designated target at $2037 and marking a low at $2024 per ounce. Analyzing the 4-hour chart today reveals stability in trading below the support level of 2037, with gold still under …

Gold prices are currently experiencing a downward trend after facing resistance at the critical level of 2065, leading to negative stability. From a technical standpoint today, examining the 240-minute chart reveals emerging signs of negativity on the Stochastic indicator. Simultaneously, clear negative trends are evident on the 14-day momentum indicator. …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the most prominent developments in the financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about the US stock market, which …

Gold experienced a downward trend in the previous trading session, testing the main support around 2016, before concluding the day’s trading above this support and embarking on an upward rebound, targeting a retest of 2035. Analyzing the 240-minute chart, conflicting technical signals emerge. The 50-day simple moving average poses a …

The US dollar experienced a corrective move on the back of improved market sentiment surrounding the risk-linked assets, which weighed on the dollar. Both Gold and Silver grinded lower and revisited the lower end of the so-far yearly range prior to the release of US inflation on Thursday.The dollar faced …

“The SEC’s @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” an SEC spokesperson told US media outlets. A false social media post said that the SEC had approved bitcoin ETFs for trading. The price of bitcoin briefly …

Gold prices recently touched the designated support level, established at the 2016 price, reaching a low of $2016 per ounce. The technical analysis indicates a subsequent upward rebound following this contact with the robust 2016 support level, prompting a retest of the 2040 resistance level. Examining the 4-hour time frame …

The US dollar is still seen favourably at the start of the new trading year. Asian markets should closely monitor the Chinese schedule going forward, since Caixin Services and Composite PMIs are due on that calendar. While there is nothing planned in Oz for Thursday, the final Manufacturing PMI watched …

Gold prices exhibited diverse movements, initially achieving the first upward target as indicated in the previous report, reaching the price of 2076 and marking a peak at 2078. However, subsequent negative pressure led to a decline, and the price recorded $2055 per ounce. From a technical analysis perspective today, a …