Tag Archives: Gold

Gold prices are currently exhibiting a persistent negative trend, with limited fluctuations noted in the preceding trading session. Notably, the price has momentarily stabilized below the critical resistance levels of 2035 and, more significantly, 2040. Technically, a scrutiny of the 4-period chart reveals an ongoing negative cross of the simple …

In the latest trading session, gold experienced a predominant negative trend, aligning with the anticipated bearish outlook and reaching its lowest point at $2009 per ounce. A closer technical analysis reveals ongoing downward pressure, with simple moving averages crossing negatively on the 4-period chart and concurrent negative signals emerging on …

Gold’s $100 two-day decline challenges the metal’s reputation as a safe haven in the face of growing dollar appeal. The US Dollar Index rises 0.29% to 103.93, indicating a change in the way the market views the dollar. Following an unexpectedly high ISM Non-Manufacturing PMI of 52.7, the US economy …

Gold exhibited erratic movements during the previous trading session, fluctuating between upward and downward directions. It reached a peak around $2,148 per ounce, only to experience a significant decline, concluding the session near $2,029. From a technical standpoint today, observing the 4-hour chart reveals that the price has stabilized below …

On a turbulent day, the US Dollar Index increased on Monday, closing at its highest level since November 23. The Greenback recovered during a reversal in commodities and higher Treasury yields, after beginning the week under pressure. Shortly before important US data, the DXY increased from around 103.00 to 103.80.The …

Gold prices are heading for a third straight week of gains on Friday after data showing a slowdown in inflation reinforced bets on a cut in interest rates in the United States, while traders await comments from Federal Reserve Chairman Jerome Powell later on Friday. Gold rose in spot transactions …

The support level mentioned in the previous technical report, situated at $2036, effectively restrained the downward movement in gold prices during the last trading session. In terms of technical analysis today, examining the 240-minute time frame chart reveals that the price is currently holding above $2031, with the Stochastic indicator …

The XAU/USD is trading around $2035 with a 0.40% loss, following the release of the US’s October Personal Consumption Expenditures (PCE) figures. The figures aligned with expectations, reinforcing the Federal Reserve’s stance on inflation. The headline figure dropped to 3% YoY, while the core measure increased to 3.5% YoY. The …

Gold prices are endeavoring to sustain the gains made throughout this week’s trading, reaching a peak yesterday at around $2052 per ounce. From a technical analysis perspective today, on the 240-minute time frame chart, the 50-day simple moving average continues to support the ongoing upward trend. This support is reinforced …

Gold prices surged significantly, achieving all the predetermined targets and reaching the official target of 2029, marking a peak at $2052 per ounce. Examining the technical aspects on the 4-hour chart, the 50-day simple moving average lends support to the ongoing upward momentum, complemented by evident positive signals on the …