Tag Archives: Gold

Negative trading dominated the yellow metal yesterday after it found a strong resistance near 1865, which forced it to re-test the 1838 support level. On the technical side, today we find the RSI trying to provide bullish signs of a rebound on short time frames, supported by the continued obtaining …

Gold prices declined on Monday, as the U.S. Dollar (USD) showed some rebound signs and rose across the board. This is the third consecutive decline for the yellow metal futures. Gold futures for February delivery lost $1, or 0.1%, to close at the level of $1,855.20 per ounce. Last week, …

Gold prices rose in light of the continuing pressures on the dollar, as investors follow the massive stimulus package announced by US President Joe Biden’s administration. Spot gold rose 0.2% to $ 1855.40 an ounce during the session. And US gold futures fell 0.1% at about $ 1855. The US …

Negative trading dominated gold price movements during last Friday’s session, heading to touch the official target at 1838. Technically, gold found a good support floor around 1837, to witness a re-test of 1854. Looking at the 60-minute chart, we find that the 50-day moving average is trying to push the …

Gold prices declined on Friday, as the U.S. Dollar (USD) returned to the positive territory scoring some gains against major currencies. However, the yellow metal was able to register weekly gains, supported by the prospects of increased government stimulus spending the United States. Gold futures for February delivery declined by …

Gold fell on Friday, January 22nd as US Treasury yields rose, but the yellow metal is on track to record its best weekly performance in five weeks, supported by hopes of a major stimulus in the United States. Gold fell in immediate transactions 0.6% to 1859.10 dollars an ounce, retreating …

Gold prices failed to breach the resistance level of 1872, which we mentioned during the last analysis that it represents one of the directional keys to witness the current movements of gold, a slight downward slope that is stable below 1872. On the technical side today, negative signs started appearing …

Gold prices declined marginally on Thursday, after closing yesterday at their highest level in about two weeks. This comes despite the continuous retreat of the U.S. Dollar (USD) amid expectations for increased government stimulus by the new Biden administration in the United States. Gold futures for February delivery lost 60 …

Gold rose Thursday, January 21, to its highest level in nearly two weeks, with the dollar retreating due to hopes for more stimulus after the new US administration headed by Joe Biden took power, although some profit-taking limited the gains of the precious metal. Spot gold rose 0.1% to $ …

The strong resistance levels published during the previous analysis, located at 1856, were able to limit the upward slope in the middle of European trading, which forced gold to retreat targeting a retest of 1832, so gold collides again with the support level of 1838, to push it into a …