Tag Archives: Gold

Gold prices succeeded in achieving the negative outlook, as we expected, in which we relied on trading below the 1833 level, heading to visit the first target to be achieved, 1818, recording its lowest level at 1818.60. On the technical side, the current movements of gold are witnessing attempts to …

Gold prices closed Monday on a lower note, amid optimism about new Coronavirus vaccines and concerns that a new stimulus package in the United States may not be in the making. Gold futures for February delivery declined by $11.50, or 0.6%, to close at $1,832.10 per ounce. This is the …

Gold prices fell on Monday, December 14th, as riskier assets rose due to the start of the use of the Covid-19 vaccine, which cast a shadow over hopes for more financial and monetary stimulus in the United States. The spot price of gold was down 0.3% to $ 1833.21 an …

Trading tended to be negative during the last trading session last week, when gold prices touched the first target to be achieved, 1825, recording its lowest level at 1823. Technically, despite the return of stability above the support floor of 1823, we find negative signs still dominating the stochastic, accompanied …

Gold prices increased on Friday, extending its weekly rise amid anticipation for a new stimulus package in the United States. Gold futures for February delivery increased by $6.20, or 0.3%, to close at $1,843.60 per ounce. For the week, gold futures registered gains of 0.2%.

The technical outlook remains unchanged, and gold’s movements have not changed significantly, maintaining the bearish bias, stable below the 1850 resistance level. Technically speaking, and with a closer look at the 240-minute chart, the signs of negativity are still dominating the stochastic, and this comes in conjunction with the RSI …

Gold prices settled lower on Thursday, despite the decline of the US Dollar (USD), amid improved investors’ sentiment and anticipation for new Coronavirus vaccines and the outcomes of Brexit talks. The decline also comes following the European Central Bank’s (ECB) decision to expand its stimulus program and maintain interest rates. …

Gold fell Thursday, December 10, after heavy selling in the previous session, with the uncertainty continuing regarding the long-running fiscal stimulus negotiations in the United States. Gold fell in the spot market 0.2% to $ 1835.40 an ounce, after falling by as much as 2.5% on Wednesday. Gold futures in …

The pivotal resistance levels published during the previous analysis located at the price of 1870, which we indicated as the key to protecting the bearish trend, succeeded in limiting the upward bias, forcing gold prices again to trade negatively towards the second required target of 1843, posting its lowest price …

Gold prices declined for the first time this week, after two consecutive rises, as both the US Treasury yields and the US Dollar (USD) rose on Wednesday. In addition, positive news about Coronavirus vaccines are limiting demand for safe havens. Gold futures for February delivery decreased by $36.40, or 1.9%, …