Tag Archives: Gold

The resistance point highlighted in the previous technical report at the price of 2034 successfully impeded the upward trend temporarily. As mentioned yesterday, a prudent approach is to closely observe price behavior. A drop below 2016 could signify a shift towards a downward trend, with an initial target of 2009 …

A growing appetite for riskier assets caused gold prices to retreat during the North American session, closing in on the $2010 area. The recovery of interest in the risk complex put pressure on the dollar and drove the EUR/USD pair above 1.0900. News of further stimulus in China from the …

The technical outlook for gold has experienced little change, with the precious metal trading within a narrow range for the third consecutive session, bound by support near 2016 and resistance around 2034. In a detailed analysis based on the 240-minute time frame chart, the price has found stability above the …

Gold has been trading within a narrow range, confined below the strong support level of 2016 and above the sub-resistance level at 2032, showing little significant change in its movements. In terms of technical analysis on the 240-minute time frame chart, the price has returned to stability above the 2016 …

The performance of financial markets exhibited a range of dynamics over the past week. Notably, strength was observed in the performance of oil and the dollar, while gold experienced a marginal decline in its gains. Several key factors acted as primary drivers influencing market movements. Among these, the ongoing Red …

Gold prices experienced a modest upward rebound in the last trading session, attempting to build on the previously established bottom around $2000. In our prior technical report, we highlighted that the consolidation of prices above 2016, and more significantly 2025, could potentially halt the possibility of a further decline. Examining …

Gold prices experienced significant losses in the last trading session, aligning with the anticipated negative trend outlined in the previous technical report. The prices touched the official target by breaking the support at $2016, reaching $2000 per ounce. In the current technical analysis, focusing on the 240-minute chart, the price …

Strong US Retail Sales figures and a spike in US Treasury yields have continued to drive down gold prices, which have lost more than 1.11% of their value. Gold’s decrease is partly due to the US Dollar Index’s upward trajectory, which reached a five-week high, and hawkish remarks made by …

Gold prices experienced negative trading in line with the expected downward trajectory outlined in yesterday’s technical report, reaching the designated target at $2037 and marking a low at $2024 per ounce. Analyzing the 4-hour chart today reveals stability in trading below the support level of 2037, with gold still under …

Gold prices are currently experiencing a downward trend after facing resistance at the critical level of 2065, leading to negative stability. From a technical standpoint today, examining the 240-minute chart reveals emerging signs of negativity on the Stochastic indicator. Simultaneously, clear negative trends are evident on the 14-day momentum indicator. …