Tag Archives: Gold

Over several consecutive sessions, gold prices failed to surpass the upside of the pivotal resistance published during last week’s technical reports, located at 1784, which forced the price to pressure on the support level of 1765, and the current moves are witnessing stability around the aforementioned support. Technically, today, we …

The yellow metal prices failed to surpass the resistance level of 1784, which we mentioned during the previous analysis that it is still holding a strong obstacle to gold, to return to present negative trading at 1755. On the technical side, the current movements of gold are witnessing a return …

Gold prices rose Thursday April 29th, as the dollar fell after the US Federal Reserve decided to keep interest rates low for the foreseeable future, despite adopting a brighter view of the economic recovery. And gold rose in immediate trading 0.2% to 1784.26 dollars an ounce. US gold futures rose …

Gold prices were able to successfully retest the pivotal support at 1765, to resume the bullish rebound, attempting to retest 1784 resistance. On the technical side, today, we find the RSI stable above the middle line, enhancing the chances of a bullish move, and we find the price stable above …

Gold prices declined for the second consecutive session on Wednesday, after the United States Federal Reserve statement that sent U.S. Treasury bond yields higher. The yellow metal futures for June delivery lost $4.90, or 0.3%, to close at $1,773.90 per ounce. This market the lowest closing level for gold’s most …

Gold prices fell to their lowest level in a week on Wednesday, April 28, with US Treasury yields rising ahead of the US Federal Reserve’s monetary policy statement due for release later today. And the price of gold in the spot market fell 0.5% to $1767.66 an ounce after it …

We remained neutral during the previous report, due to the contradictory technical signals to witness the previous trading session, a sideways tendency to bearishness, as gold returned again to hover around 1771. On the technical side today, the intraday trading is stable below the resistance level of 1784, which supports …

Gold prices finished lower on Tuesday, amid anticipation for the outcomes of the Federal Reserve policy meeting. Positive performance by the U.S. Dollar (USD), supported by a surge in consumer confidence to a 14-month high, led to lower demand for safe-havens. Gold futures for June delivery closed lower by $1.30, …

Gold prices stabilized today, Tuesday, as dealers in the market looked to the US Federal Reserve meeting to obtain indications about the prospects for monetary policy, while the rise of the dollar pressured the attractiveness of the metal. Gold settled in the spot market at $1780.61 an ounce. There was …

Gold traded stabilized within sideways trades that tend to rise, confined from the bottom above the support level 1771 and from the top below the pivotal resistance published during the previous analysis, 1783. Technically speaking, the price is based above the 50-day moving average, which meets near the support level …