Tag Archives: Gold

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, …

Gold prices rose on Friday, recovering some of its losses earlier in the week that saw the announcement of the success of a new Coronavirus vaccine being developed by Pfizer and BioNTech. Gold futures for December delivery rose by $12.90, or 0.7%, and settled at $1,886.20 per ounce. For the …

Gold prices stabilized in a narrow range today, Friday, supported by concerns about the economic consequences resulting from the escalation of Covid-19 cases, but the yellow metal is heading towards its first weekly loss since September, as it boosted hopes for a vaccine for high-risk assets earlier this week. With …

The movements of the yellow metal witnessed positive attempts during the previous trading session and are still limited, targeting a re-test of the 1882 resistance level. Technically, we notice a contradiction between the technical signals, and by looking at the short time intervals, we find that the RSI indicator is …

Gold prices rose on Thursday, amid increased concerns about the rising number of Coronavirus cases in the United States. The US recorded a record 200,000 cases of COVID-19 in a single day, the highest on record. The rise of the yellow metal comes as the US Dollar (USD) is also …

Gold prices rose Thursday, November 12th, after falling by more than 1% in the previous session, after the impact of fears of the economic repercussions of the increase in cases of Covid-19 outweighed positive developments regarding a vaccine for the disease. By 05:49 GMT, spot gold prices rose 0.2% to …

The bearish momentum continues to dominate gold’s movements within the expected bearish path, trying to break the bottom mentioned during the previous analysis, located at 1860, to record its lowest level at 1856. technically, the current trading is still stable below the resistance level of 1880, and with a closer …

Gold prices declined on Wednesday, returning to losses after a brief recovery on Tuesday, as demand for the yellow metal decreased since news about the COVID-19 vaccine success emerged. In addition, a rise by the US Dollar (USD) across the board, led to the precious metal price decline. Gold futures …