Tag Archives: Gold

We adhered to intraday neutrality during the previous analysis, explaining that resuming the decline requires stability below 1800, in addition to confirming the break of 1768, so that gold managed to approach the desired target 1759, recording its lowest level at 1760. Today’s technical outlook indicates the possibility of continuing …

Gold prices declined on Friday for the second session in a row, as the U.S. Dollar (USD) continued to rise against major currencies, extending the downward trend for the third consecutive week. The yellow metal’s most active contract finished the week at its lowest closing level in about seven weeks. …

Gold prices rose today, Friday, by 1%, as the pause in the dollar’s rise to catch its breath compensated for some of its large losses driven by the US Federal Reserve’s shift towards a monetary tightening tone. Spot gold rose 1.1% to $1,792 an ounce but fell 4.5% for the …

Gold prices rose on Friday, June 18, but are heading towards recording the worst weekly performance since March 2020 after the US Federal Reserve’s shift towards a monetary tightening tone caused the dollar to rise and negatively affected the attractiveness of the yellow metal. And gold rose in spot transactions …

Gold prices incurred heavy losses within the expected bearish context during the last analysis, surpassing the official target of the downside at 1825, to record its lowest level at 1767. Technically, and by looking at the 240-minute chart, we see yellow metal has found a good support floor around 1768 …

Gold prices declined on Thursday and registered their largest drop in about seven months due to the strong surge by the U.S. Dollar (USD). The yellow metal futures for June delivery lost $85.70, or 4.61%, to close at $1,773.80 per ounce, its lowest closing level for gold’s most active contract …

Gold tumbles under $1,800 in the wake of the hawkish Fed decision to be updated …

Gold prices rose on Thursday, recovering some of the losses incurred in the previous session after the US Federal Reserve hinted that it may raise interest rates earlier than expected. And gold rose in spot transactions 0.5% to $ 1820.34 an ounce (an ounce). US gold futures fell 2.1% to …

Gold prices rose on Wednesday for the first time in four sessions, recovering some of its recent losses with the U.S. Federal Reserve’s expected decision to maintain its current policy. The Fed raised its inflation forecasts for 2021 and 2022, demand for the yellow metal increased with investors seeking hedging …

Gold settled and moved in a narrow range on Wednesday, June 16, as investors awaited the outcome of the latest US Federal Council meeting for indications of a possible reduction of economic support measures, while the dollar’s rise imposed pressure on the yellow metal. There was little change in gold …