Tag Archives: Gold

The pivotal resistance at 1768 managed to limit the bullish bias, and the gold price failed to breach it over several consecutive sessions. Today’s technical aspect indicates fluctuation within a sideways range between the 1768 resistance level, the 61.80% Fibonacci correction, and the 1747 support level. By looking at the …

Market attention now shifts to the U. S. Nonfarm Payroll data. U. S. Fed Chief Jerome Powell has said that a good employment report could be enough to convince him on tapering.Markets are in a better mood on Thursday, amid news that U. S. Senate’s deal on extending the debt …

Gold for December delivery fell $2.60 to $1,759.20 per ounce. Silver for December delivery rose 13 cents to $22.66 an ounce and December copper rose 9 cents to $4.24 a pound.The U. S. dollar rose to 111.63 Japanese yen from 111.44 yen. The euro was unchanged at $1.1550.Benchmark U.S. crude …

Gold, erasing yesterday’s gains touching 1767.27, is losing 0.31%. Gold is trading at $1,757.44 during the New York session.The XAU/USD price action in the last week has been dull. The yellow metal keeps trading within the $1,745 – $1,769 range, with no intention of going beyond the traditional territory.The market …

Gold prices managed to touch the first target at 1746, to return to the bullish rebound, benefiting from the support level, close to retesting 1768, recording the highest of 1765. Today’s technical aspect indicates fluctuation within a sideways range between resistance level 1768, the 61.80% Fibonacci correction, and support level …

Gold prices retreated to extend losses, affected by the rise in the dollar and US Treasury bond yields ahead of the release of US non-farm payrolls data. And gold fell in spot transactions 0.5% to $ 1750.51 an ounce, while US gold futures fell 0.7 percent to $ 1749.40. The …

For the third consecutive session, the movements of the yellow metal are witnessing attempts to rise with the aim of retesting the pivotal resistance level at 1770, unable to breach it so far, which forced it to trade negatively during the early trading of the current session, stable around the …

Gold prices fell on Tuesday, October 5, as the dollar benefited from a decline in risk appetite, and the metal is likely to see volatile trading in the run-up to Friday’s US jobs numbers, which may have an impact on the US Federal Reserve’s plans to cut stimulus. And gold …

Gold recorded rebound attacks to the upside during the previous trading session to retest the 1770 resistance level after recording its lowest level at 1747. Today’s technical vision indicates the possibility of resuming the bearish bias based on the negative pressure of the 50-day moving average, in addition to the …

Gold’s movements are witnessing rebound attacks to the upside, which aimed to retest the 1767 resistance level after a, which recorded its lowest level around the 1722 bottom. On the technical side, we find gold collided with the resistance level of the descending price channel shown on the graph, which …