Tag Archives: Gold

Gold compensated some of its losses after declining 1% in the previous session, supported by the weakness of the dollar and the return of concerns about the fate of the Chinese company Evergrande to the fore, which strengthened the position of the yellow metal as a safe haven. And gold …

Gold prices declined significantly during the previous trading session within the expected bearish context, to retest the broken neckline around 1776 and return to decline strongly, touching the official target of the current downside wave, as we indicated during the last report around 1735, recording its lowest level at 1736. …

The XAU/USD has now declined and eventually moved back into the negative territory for the second successive day.Gold price was additionally pressured by more and more global central banks. The Federal Reserve on Wednesday indicated that control of the pace of asset purchases may soon be announced if economic progress …

Gold prices stabilized Thursday, September 23, after the dollar gave up some of its gains due to hints from the Federal Reserve of a faster-than-expected interest rate hike, but positive news from China’s Evergrande limited the demand for possession of the yellow metal, which is considered a safe haven. Spot …

Gold’s movements witnessed random trades affected by the Federal Reserve’s decisions yesterday, with total bearish performance, to witness intraday stability below 1774, and in general, below 1780. On the technical side today, looking at the 240-minute chart, we notice the negative impact of the bearish technical structure shown on the …

The Federal Open Market Committee (FOMC) announced on Wednesday that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. In its policy statement, the Fed noted that if progress continues toward employment and inflation goals broadly as expected, a moderation in …

Wednesday will witness the outcome of the Federal Reserve’s September meeting ending at 2:30 pm ET and policy makers still have 3 monetary policy announcements before the end of 2021the year. The meeting is expected to address the taper timeline, however investors eye the taper start date, in particular, so …

Positive trading dominated the prices of the yellow metal yesterday, nullifying the negative outlook as we expected and touching the stop losses order published during the previous analysis at 1771; we indicated yesterday that any attempts to breach the 1771 resistance level could postpone the bearish bias and we witness …

Yellow metal witnessed Positive attempts during the previous trading session, after several consecutive sessions of losses, retesting the resistance level published in the previous analysis located at 1768. Technically, the current trading is still stable below 1768, 61.80% Fibonacci correction and the simple moving averages are still pressing the metal, …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. U.S. dollar Hashad indicated that the US dollar benefited from positive US data, most …