Tag Archives: Gold

Negative trading dominated the movements of the yellow metal within the bearish path as we expected, touching the first target to be achieved at 1864, its lowest level in 1863. From the angle of technical analysis today, and with a closer look at the chart, a 4-hour interval, we find …

Gold prices declined for the second consecutive session on Wednesday, amid improved investors’ sentiment and risk appetite and a decreased demand for safe havens. Gold futures for December delivery decreased by $11.20, or 0.6%, to settle at $1,873.90 per ounce.

Gold rose on Wednesday, November 18th, moving within a narrow range, as investors assess the possibilities associated with the Covid-19 vaccine in the face of concerns about increasing cases of infection and the possibility of more economic support from the US Federal Reserve. Spot gold rose 0.1% to $ 1880.81 …

The yellow metal prices retreated significantly during the early trading session of the current session, after facing strong pressure from the 1901 resistance level, to hit the 1875 low. Technically, the simple moving averages continue to pressure the price from the top, coinciding with the clear negative signs on the …

Gold prices closed lower on Tuesday, posting its first decline in four sessions, amid news about positive results by COVID-19 vaccines. Gold futures for December delivery declined by $2.70, or 0.1%, and settled at $1,885.10 per ounce. Meanwhile, silver futures for December delivery decreased by 15 cents, or 0.6%, and …

Gold prices fell on Tuesday, November 17th, as market optimism about a possible second vaccine for Covid-19 balanced the dollar’s weakness and concerns about a rise in global coronavirus cases. Spot gold fell 0.1% to $ 1886.17 an ounce by 06:23 GMT, while US gold futures fell 0.2% to $ …

We committed to the intraday neutrality during the previous report due to the conflicting technical signals, explaining that the activation of short positions depends on a clear break of the 1890 support level, which puts the price under strong negative pressure to resume the bearish path with an initial target …

Gold prices rose on Monday for the third consecutive session, amid concerns about the new wave of the Coronavirus pandemic, despite positive news about the vaccine being developed by Moderna. Accordingly, gold futures for December delivery saw limited gains, closing higher by $1.60, or 0.08%, at $1,887.80 per ounce. Last …

Gold touched its highest level in a week on Monday, November 16, in light of the dollar’s decline, while the escalation of Coronavirus cases in the United States fueled concerns about the repercussions of the pandemic on the economic recovery, which supported hopes for more monetary stimulus. The spot price …

We remained neutral in the previous analysis due to the conflicting technical signals, with activation of long positions depends on confirming the breach of 1886, and from here we may witness a re-test of the previously broken support-into-resistance 1901, posting a high at 1899. Technically, looking at the 240-minutes chart, …