Tag Archives: Gold

We previously maintained a neutral stance, emphasizing the need to monitor price behavior around the 2930 resistance level. A confirmed breakout above this level was expected to pave the way for a return to 2940, which was successfully achieved, marking a record high of $2940 per ounce. Technical Analysis On …

During yesterday’s European session, gold traded sideways, confined by the psychological support at 2900 and a pivotal resistance at 2930. On the 4‑hour chart, gold began to test the support floor at 2900 during the previous American session, recording a low of $2880 per ounce. Simple moving averages are now …

Yesterday, gold experienced a bearish trend, approaching the previously identified support at 2886 and recording a low of 2891. Technical Outlook Chart Patterns: On the 4-hour timeframe, an ascending technical formation resembling an inverted head and shoulders is visible. The simple moving averages continue to support the daily upward trend, …

Gold continued its upward trend, in line with our previous outlook. The breach of 2893 acted as a catalyst, pushing prices toward the first target of 2910 and the second target of 2920, with the recent high reaching $2927 per ounce. Technical Outlook Bullish Signals: The Relative Strength Index (RSI) …

Gold prices exhibited positive movement in the previous session, attempting to halt the ongoing downward correction and showing temporary stability above 2884. From a technical perspective, despite the bullish momentum observed yesterday, a closer look at the 4-hour chart reveals that the price remains stable above 2868, which corresponds to …

Gold prices suffered heavy losses at the end of last week’s trading amid profit-taking, reaching a low of $2,832 per ounce. From a technical analysis perspective, the 4-hour chart shows clear negative crossover signals on the simple moving averages, reinforced by bearish indications on the 14-day momentum indicator. Given these …

Gold Hits Record Highs Before Facing Profit-Taking Pressure Gold prices extended their rally in the previous trading session, surpassing the key $2,950 per ounce target and reaching a new high of $2,954. Technical Analysis Despite the strong long-term bullish trend, intraday movements indicate a bearish pullback due to profit-taking and …

Gold (XAU/USD) Technical Analysis Gold prices began today’s trading with an upward trend after last Friday’s decline and profit-taking pushed prices down to $2878 per ounce. Technical Outlook: Bullish Signals: The price remains stable above the 50-day simple moving average (SMA). Intraday support is confirmed at 2887, with a broader …

US Dollar turned lower last week after the strong bad effect of Trump’s trade rhetoric faded to some extent. The currency also missed the opportunity to make use of the testimony of Fed’s chief Jerome Powell against the Senate. Recent inflation and spending data played a role in dollar weakness …

Gold Price Analysis Gold successfully retested the 2870 support level and closed above it, initiating an upward move in today’s session, reaching $2918 per ounce. Technical Outlook: Bullish Indicators: Simple moving averages support the continuation of the upward trend. The 14-day momentum indicator signals positive momentum. Bearish Risk: A drop …