Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming events. Where are US stocks headed and will oil continue to rise? This and more in the next report. US Stocks The …
Read More »Gold is Stable Below Resistance And Negative Pressure Remains
Gold prices ended their daily and weekly trading below the 1790 resistance level, which forced the price to trade negatively again within the bearish context. On the technical side, today, and carefully looking at the 240-minute chart, we find the simple moving averages continuing their negative pressure on the price …
Read More »Gold Finishes Higher to Snap Three-Week Losing Streak
Gold prices rose modestly on Friday, as the U.S. Dollar (USD) declined across the board, finishing the week higher for the first time in four weeks. The rise in U.S. inflation provided support for gold amid mixed expectations for interest rates. Gold futures for August delivery gained by $1, or …
Read More »Gold Settles Below Resistance And Negativity Remains
For the third consecutive session, gold prices fail to stabilize above the pivotal resistance level published in the previous analysis, located around 1880/1882, which forced the price to trade negatively again within the bearish context. On the technical side, today, and carefully looking at the 240-minute chart, we find the …
Read More »Gold Closes Lower Following U.S. GDP Data
Gold prices declined on Thursday, as the U.S. Dollar (USD) rebounded against major currencies, following the release of positive economic data. Positive data also led to improved expectations for economic recovery, reducing demand for safe haven investments. Gold futures for August delivery fell by $6.70, or 0.38%, to finish at …
Read More »Gold Finds Selling Pressure And Settles Below Resistance
The resistance level published during the last analysis, located around 1797, was able to limit the bullish tendency witnessed by gold prices yesterday, which forced it to trade negatively again within a gradual decline to the downside approaching by a few points from the first official target 1770, recording its …
Read More »Gold Repress Support And Negativity Remains
The resistance level published during the last analysis, located around 1797, was able to limit the bullish tendency witnessed by gold prices yesterday, which forced it to trade negatively again within a gradual decline to the downside approaching by a few points from the first official target 1770, recording its …
Read More »Gold Closes at Highest Level in Week
Gold prices rose on Wednesday and managed to finish net their highest level in about a week, supported by a muted performance by the U.S. Dollar (USD). Recent remarks by the U.S. Federal Reserve Chair Jerome Powell that pointed to no plans to raise interest rates just to combat inflation …
Read More »Gold Gains After Powell Calms Interest Rate Fears
Gold prices rose on Wednesday, June 23, after US Federal Reserve Chairman Jerome Powell pledged to keep interest rates near zero for some time, bringing the dollar to near its lowest level in a week. Spot gold rose 0.2% to $1,782.46 an ounce, and gold futures in the United States …
Read More »Gold Repress Support And Negativity Remains
The technical outlook is unchanged, and there was no significant change in gold’s movements, maintaining the same technical conditions for the previous session. On the technical side today, looking at the 60-minute chart, we find that the RSI is trying to get positive signs to get bullish momentum. On the …
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