Tag Archives: Gold

Gold prices fell as we expected yesterday to touch the target to be achieved at 1892. We indicated that breaking the aforementioned level forces gold to continue declining towards 1874, posting low at 1872. Technically, looking at the 4-hour chart, we find that the RSI supports the downside moves, in …

Gold futures closed lower on Tuesday, after opening the week at its highest level in about two weeks, as the US Dollar (USD) is showing some recovery signs. Gold futures for December delivery declined by $11.30, or 0.6%, and settled at $1,908.80 per ounce. Meanwhile, silver futures for December delivery …

Gold prices fell on Tuesday, while stocks rose after US President Donald Trump left the hospital after being treated for the Corona virus, but the weakness of the dollar limited the gains. Gold spot fell 0.1% to 1910.68 dollars an ounce, and yesterday it had recorded 1918.36 dollars, its highest …

The precious metal was able to achieve intraday gains during the previous session, to nullify the negative outlook, as we expected in the previous analysis, and touch the stop-loss at 1910, posting its highest price at 1918. Technically speaking, and by looking at the 4-hour chart, it appears that the …

Gold prices rose on Monday to their highest level in nearly two weeks, as the US Dollar (USD) declined across the board. Gains by the precious metal come despite an improved risk sentiment and reduced demand for safe havens; however, the general weakness of the USD supported the yellow metal. …

Gold fell on Monday, as the White House signal that US President Donald Trump was “responding well” to the Covid-19 treatment improved global sentiment, prompting the withdrawal of money from the metal that is usually considered a safe haven. Doctors said his health was improving and he may return to …

Gold is trading on the negative side in early trading for the current session, and prices are witnessing some intraday stability below 1901. In terms of technical analysis, and by taking a look at the 240-minutes chart, we find that negative signs started to appear on the stochastic and began …

Gold prices declined on Friday as markets are still digesting news of the President of the United States, Donald Trump, and his wife, testing positive for COVID-19. The news did not result in a shock or panic buying of the precious metal, which ends the week in gains. Gold futures …

Gold continued to record gains, making its way to its best weekly performance in nearly a month, as investors run to safe haven after President Trump tested positive for the Corona virus. Gold spot rose 0.5% to 1915.34 dollars an ounce, erasing losses it incurred in early trade in Asia. …

Gold prices rose on Thursday to its highest closing level in about two weeks, amid the decline of the US Dollar (USD). Gold futures for December delivery increased by $20.80, or 1.1%, and closed at $1,916.30 per ounce, its highest finish since September 18. The yellow metal is now heading …