Gold prices experienced a temporary downturn following a formidable resistance encounter near 2044, compelling a negative trade that approached the support level highlighted in the preceding report at 2025. The lowest point was marked at 2027 before initiating renewed efforts toward an upward recovery. Upon a detailed examination of the …
Read More »Gold expected to hold above $2000 in 2024
Gold is trading around $2035 per ounce at the time of writing. It is worth mentioning that the precious metal’s price previously surged more than 20% to a record high of $2135 in 2023. Economists and experts predict that gold’s upside will soon reach a ceiling. It is generally predicted …
Read More »Gold is trying to build an upward wave 20/12/2023
Gold displayed an upward trend in the previous trading session, aligning with the positive outlook anticipated in the prior technical report. It reached the first official target of $2041 and approached the second target of $2049, achieving its highest level at $2047 per ounce. From a technical perspective, examining the …
Read More »Market Drivers – US Session, December 19
The Japanese Yen suffered a significant decline on Tuesday as a result of the Bank of Japan’s dovish stance. Governor Kazuo Ueda noted the challenge of articulating a plan to leave the negative interest rate policy, but the BoJ did not specify a timeline for liftoff. The USD/JPY pair first …
Read More »Gold eyes extending gains above $2,050.00
As of writing, the price of gold has surged by 0.55% to $2,038.16 per ounce. The yield on the 10-year US Treasury note is at its lowest level since July as interest rates continue to decline. The US Core Personal Consumption Expenditures (PCE) Price Index is still the major focus. …
Read More »Gold is confined to a narrow range with focus on US inflation data
Gold prices fell in limited trading on Tuesday as investors awaited more US economic data this week that may shed light on the Federal Reserve’s monetary policy outlook. By 0535 GMT, gold in spot transactions fell 0.1 percent to $2,024.49 per ounce. US gold futures also fell 0.1 percent to …
Read More »Gold tests the solidity of support 19/12/2023
Gold prices are actively seeking to sustain an upward trajectory, having successfully retested the robust 2016 support level during the previous trading session. Intraday movements indicate a stabilizing trend above this critical support level. From a technical analysis standpoint today, we maintain a positive outlook on our trading stance. This …
Read More »Market Drivers – US Session, December 17
The US Dollar Index ended Monday’s quiet session unchanged at 102.60. US 10-year yield increased slightly, but it remained below 4%. Wall Street saw increases in stocks, as the Dow Jones hit a new all-time high.Despite rising yields, gold only slightly increased and fell short of regaining $2,030. XAU/USD is …
Read More »Noor Capital | Mohammad Hashad Interview on Dubai TV – December 18, 2023
Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: US Mohammed Hashad …
Read More »Gold rises on the back of declining bond yields
Gold prices rose on Monday, supported by weak bond yields, as investors awaited US inflation data scheduled to be published later this week in search of more indications about the path the Federal Reserve will take on interest rates after an easing trend last week. Gold rose in spot transactions …
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