Tag Archives: Gold

Gold prices surged, buoyed by the support level highlighted in the previous technical report at the price of 2016. This support level played a pivotal role in driving prices upward, aligning with our positive outlook. The market witnessed the attainment of initial official targets, reaching as high as 2042.00. Analyzing …

Last week’s trading closed with risk-linked assets overperforming safe haven assets, leading to a weekly loss in the US dollar versus gains for gold as well as US stocks over the week, as most risk assets kept surging. An interesting competition was strong between the minutes ff the Fed’s last …

Gold price surged on Friday, driven by retreating Treasury yields and a prevalent optimistic market sentiment. The risk-on pulse also prevailed, and gold attracted investors, defying typical safe-haven asset trends. Gold price resumed its weekly uptrend and finished the week in the green territory with 1.11% gains, taking advantage of …

Gold prices have reached the initial technical target at $2035 per ounce, marking its highest level in the previous trading session. Upon examining the 4-hour timeframe chart from a technical perspective, it’s observed that the $2035 level has acted as a barrier to further upward movement in gold prices. However, …

In a dynamic session of trading, gold prices experienced fluctuations, influenced by the strengthening of the US dollar following the Federal Reserve Committee’s announcements. Despite initial setbacks, gold surged to reach its peak at $2032 per ounce, showcasing resilience amidst market pressures. Technical Analysis Insights A comprehensive analysis of the …

In the face of shifting risk appetite patterns and the FOMC Minutes’ lack of surprises, the dollar somewhat weakened on Wednesday. Meanwhile, speculation about when the Fed could cut interest rates for the first time continued to drive general market mood. In the context of continued increases in riskier assets, …

Yesterday, gold prices maintained their upward trajectory, aligning with the anticipated positive outlook. The precious metal touched the first target at $2027 and surged to reach a peak of $2031 during the early trading session today. Technical Analysis Perspective Analyzing the 240-minute time frame chart reveals that gold successfully retained …

Gold prices maintained stability on Tuesday, resilient to a surge in the dollar and Treasury bond yields. Investors awaited insights from the Federal Reserve’s latest meeting minutes for potential clues regarding interest rate cuts. At 0341 GMT, the spot price of gold settled at $2,018.03 per ounce, with most US …

Gold’s efforts to secure gains persist, albeit within constrained limits. The precious metal finds itself grappling with stabilization above the pivotal 2016 level, a critical determinant of medium-term trends, with prices reaching as high as $2023 per ounce. Technical Analysis Highlights Consolidation Efforts Today’s technical analysis, focusing on the 240-minute …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the key developments across financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about the reasons why US stocks have recently …