Tag Archives: Gold

Ukraine-Russia conflict continued to dominate the headlines and fueled demand for safe-haven assets, although speculative interest stood away from the greenback. Major pairs remained stable within familiar levels after both countries blamed each other for some shelling that took place early on Thursday in the Donbass territory.The situation escalated as …

Positive moves dominated gold trades after testing the ascending channel’s support around 1844, which pushed it to rebound in the bullish direction to settle above 1859 resistance, and intraday stability above 1865. Technically, by looking at the 240-minute chart, we notice that the price continued to obtain a positive stimulus …

Mixed movements dominated the gold prices during the last trading session, recording the highest level at 1880, which formed a negative pressure factor that forced the price to retreat strongly towards the retest of 1844. On the technical side, today, and carefully looking at the 4-hour chart, we notice the …

Gold prices rose to an 8-month high above $1,878 an ounce on Tuesday, as escalating tensions between Russia and the West over Ukraine drove investors out of riskier assets in favor of safe-haven bullion. Gold prices jumped to an eight-month high on Tuesday, February 15, as investors turned away from …

Gold prices fell on Monday, with the rise of the US dollar, but fears of conflict between Russia and Ukraine limited losses for the metal, which is considered a safe haven and kept palladium investors in a state of anxiety. The price of gold in spot transactions fell 0.2 percent …

The prices of the yellow metal surged remarkably at the end of the trading week that ended last Friday, recording its highest level around $1,865 per ounce, after it succeeded in breaching the resistance level of 1836. From the angle of technical analysis today, we notice that the 14-day momentum …

Gold rose further during the American session and climbed to $1836, reaching a fresh daily high. It remains near the top with a bullish tone. The upside move started after finding support again above $1820.If XAU/USD ends at current levels, it will post the highest weekly close since November, with …

The yellow metal prices managed to touch its target at 1842, recording its highest level during the last session’s trading of 1842, returning to the negativity again due to hitting the resistance level of 1842 represented by the first bullish target. Technically, by looking at the 4-hour chart, we notice …

Major currency pairs were quite volatile on Thursday following the release of US inflation figures. The US Consumer Price Index soared to 7.5% YoY in January, higher than the 7.3% expected.The core reading printed at 6%, also above the market’s forecast. The headline spurred a short-lived US dollar’s rally, although …

The Gold Price Index, XAU/USD, is under pressure as the New York session’s volatility dies down following the early morning chaos that has resulted in plenty of two-way business in financial markets. Gold initially moved lower after the post-15-minute candle’s toing and froing, sliding to $1,825. This was before the …