Tag Archives: Gold

Gold prices hit the level of pivotal resistance mentioned in the previous technical, located at 1747, which forced gold to trade negatively, as the current moves witness the continued pressure on the 1723 support level. Technically, and with a closer look at the 4-hour chart, we find the 50-day moving …

Gold prices declined on Thursday, as the U.S. Dollar (USD) rose against major rivals supported by the high Treasury bond yields and positive economic data. The yellow metal futures for April delivery closed lower by $8.10, or 0.5%, at $1,725.10 per ounce. Gold has now given up all of its …

Gold prices rose Thursday, March 25th, as an increase in Covid-19 infections in Europe fueled fears about the pace of the economy’s recovery, but the rise of the dollar curbed the gains of the yellow metal. Spot gold increased 0.1% to $1736.51 an ounce and US gold futures rose 0.2% …

Narrow-range sideways trading dominated gold’s movements for the second session in a row, pinging from the bottom above the support level at 1722 and from below the resistance level at 1747. Technically, we will maintain the same technical conditions, waiting for a signal to stimulate the price. With a closer …

Gold prices returned to gains on Wednesday, following two consecutive daily declines, amid increased demand for safe-havens, amid concerns about a third wave of the Coronavirus pandemic and renewed lockdowns in Europe. The rise of the yellow metal futures came despite the rise of the U.S. Dollar (USD) to its …

Gold prices rose on Wednesday, March 24th, as US Treasury yields stabilized near their lowest level in a week, while the metal ignored the dollar’s ​​rise in the wake of the US Federal Reserve’s assertion that the inflation rate will not get out of control. Gold rose in the spot …

The movements of the yellow metal witnessed a negative bias, after it failed to breach the pivotal resistance published in the previous analysis at 1747, which forced it to retest 1724. Technically speaking, and with a closer look at the 4-hour chart, we find gold is turning around the 50-day …

Gold prices declined on Tuesday to their lowest level in more than a week, amid a rise by the U.S. Dollar (USD). The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.67% at 92.36. Gold futures for April delivery …

Gold prices succeeded in touching the first target required to be achieved during the previous analysis, located at a price of 1747, recording its highest level of 1747. Technically speaking, and with a closer look at the chart, we find intraday trading is stable below 1747, accompanied by the loss …

Gold prices declined on Monday, due to lower investors’ demand on the yellow metal. Despite the relative decline in the U.S. Treasury bond yields, which remain near their highest level in a year, a positive performance by stock markets reduced demand for safe havens. Gold futures for April delivery closed …