Tag Archives: Gold

Quiet positive trades dominated gold’s movements during the previous session’s trading. After retesting the strong support level at 1840 price, it returned within the bullish path, now stable around the session’s highest level around 1857 resistance. Technically, we explained yesterday that the condition for continuing the rise is cohesion above …

Wall Street closed sharply higher on Friday, as signs of inflation peaking and then data on consumer spending increased investor optimism that the Federal Reserve would be able to tighten monetary policy without pushing the economy into recession. All three major US stock indexes halted their longest streak of weekly …

Gold price climbs during the New York session but is still unable to challenge the weekly highs and remains glued to the 20-day moving average (DMA) near the $1848.48 area. Gold seems to aim at finishing the week’s trading with some 0.37% gains. US Core PCE eases from 5.1% YoY, …

Gold prices rose on Friday, with continued dollar weakness, which helped move the yellow metal towards recording its second consecutive weekly rise, as expectations of a stronger monetary policy tightening from the Federal Reserve ebbed. Spot gold rose 0.2 percent to $1,854.05 an ounce by 0325 GMT. US gold futures …

Quiet positive trades dominated gold’s movements during the previous session’s trading. After retesting the strong support level at 1840 price, it returned within the bullish path, now stable around the session’s highest level around 1857 resistance. Technically, we explained yesterday that the condition for continuing the rise is cohesion above …

Gold Price is holding above its 200-DMA in the $1,850 area and is back to nearly flat on the week. Traders are weighing the softer USD’s tailwinds and US yields versus strong US equities, as key Friday inflation data are looming.Gold Price (XAUUSD) is for now holding just above its …

Negative movements dominated gold prices during the previous trading session within a limited bearish tendency after failing to maintain trading above 1850 to retest 1840 successfully. On the technical side today, we find the 50-day moving average that continues to support the bullish price curve and the stability of daily …

Gold price retreats from weekly highs around $1870 as investors prepare for the Fed’s May minutes. The US dollar remains buoyant, despite falling US bond yields and weighs on XAU/USD’s price.Gold slides below the 20-day moving average (DMA) and accelerates towards the 200-DMA at $1839.66 on Wednesday, courtesy of a …

Gold prices fell on Wednesday with the rise of the dollar, while investors awaited the statement of the monetary policy meeting of the Federal Reserve for the month of May, in search of indications on the expected amount of the next US interest rate hike. And by 0636 GMT, gold …

Gold prices jumped with this week’s trading, beginning within the expected bullish context during the last report. We relied on the stability of trading above the 1830 support floor, touching the required target 1857, recording its highest price yesterday at 1865. On the technical side, we notice clear positive crossover …