Tag Archives: Gold

Gold stabilized on Friday, as expectations of an eventual US stimulus package were offset by the pressures imposed by the strong dollar. There was no significant change in gold in immediate trading at 1903.36 dollars an ounce before the opening of European markets, after it had fallen more than one …

Gold prices managed to touch the target during the previous trading session within the scenario of re-testing the required level, visiting 1901, posting a low of 1894. Technically, looking at the 4-hour chart, we find conflicting technical signals, ranging from the negativity of the simple moving averages that continue to …

Gold prices declined on Thursday as the US Dollar (USD) showed signs of recovery from its decline yesterday. In addition, remarks suggesting a near agreement for a new stimulus package in the United States supported risk appetite among investors and reduced demand for safe havens. Gold futures for December delivery …

The yellow metal was able to touch the initial target to be achieved, mentioned in the previous report, at 1927, and approached the second target at 1934, but posted a session high at 1931. Looking at the 240-minute chart, the technical view indicates the possibility of returning the bearish slope …

Gold prices rose on Wednesday for the third consecutive session, reaching its highest level in about a month, as the US Dollar (USD) is showing weakness across the board. Gold futures for December delivery closed higher by $14.10, or 0.7%, at $1,929.50 per ounce, its highest level since September 18. …

Gold rose on Wednesday, thanks to optimism about the possibility of US lawmakers reaching an agreement on an aid package for those affected by Corona before the presidential elections, which weakened the dollar and strengthened the lure of the yellow metal as a hedge against inflation. Gold rose in the …

We remained neutral during the previous analysis and made it clear that we are waiting for a stronger direction to be determined after the technical signals contradicted, we have indicated that activating long positions needs a clear breakout of the 1913 resistance level. The yellow metal hit a high during …

Gold prices rose on Tuesday for the second consecutive session, supported by the decline of the US Dollar (USD) across the board. Gold futures for December delivery closed higher by $3.70, or 0.2%, at $1,915.40 per ounce.

Gold traded on Tuesday in a narrow range above $ 1900 an ounce, as caution prevailed ahead of a deadline for an agreement on a new US stimulus package to mitigate the repercussions of the Coronavirus and the presidential elections scheduled for next month. Gold fell 0.2% to 1,901.10 dollars …

We stood on the sidelines during the first trading sessions of this week due to the conflicting technical signals, explaining that we are waiting for more clear signals as gold prices moving in a narrow sideways range confined from the bottom above 1901 and the top below 1913. Technically speaking, …