Tag Archives: Gold

Positive trades have regained control of gold’s movements, as we expected, touching the second target of the previous report, located at 1727, and approaching a few points difference from the last target of 1737, to record its highest level during early trading for the current session 1734. Technically speaking, we …

Gold prices recovered from earlier losses and reached their highest level in a week on Wednesday, supported by the second consecutive session of U.S. Treasury bond yields pulling back from their recent highs, especially as recent inflation data reduced reflation fears and increased investors’ demand for long-term debt instruments. Spot …

Gold fell on Wednesday, March 10, after recording its biggest jump in two months in the previous session, as US Treasury yields and the dollar rose, weakening the yellow metal’s appeal. Gold fell in the spot market 0.2% to $1712.82 an ounce after it rose more than 2% on Tuesday …

Gold prices found a solid support floor around 1691, which forced the price to rebound to retest the 1720 resistance level. Technically speaking, and with the price succeeding in building a base on the support floor of 1691 represented by the 61.80% Fibonacci correction, as shown on the chart, in …

Gold prices finished Tuesday’s trading session with strong gains, supported by the decline of Treasury bond yields and the U.S. Dollar (USD), recording its first gain after four consecutive declines. The rise in the yellow metal prices followed closing at its lowest level since early April 2020 on Monday. Gold …

Gold prices declined on Tuesday, as Treasury bond yields pulled back from their year-high, which also increased selling pressure on the U.S. Dollar (USD). The yellow metal futures for April delivery rose by 2.14% 1,713.80 per ounce and reached a high of $1,718.05 earlier today. This is attributed to the …

Gold prices rose on March 9th, as the metal was boosted by a drop in US Treasury yields, after the previous session recorded its lowest level in nine months. The spot price of gold was up 0.7% to $1692.21 an ounce. Prices were down more than 1% on Monday to …

Gold prices declined on Monday to their lowest level in about a year, as the U.S Dollar (USD) and Treasury bond yields continued to rise strongly, supported by expectations of economic recovery, especially after the Senate passed the $1.9 trillion stimulus package. The yellow metal futures for April delivery dropped …

Gold rebounded today from its lowest level in nine months recorded last week, with the decline in bond yields and the approval of a huge US stimulus package to increase the attractiveness of the metal as a hedging tool in the face of inflation. Gold rose in the spot market …

We maintained our intraday neutrality during the previous analysis, indicating that we prefer to confirm the breach of the support level of 1685, in order to resume the decline. Technically speaking, and by looking at the 4-hour chart, we find gold prices found a good support floor around 1690, and …