Tag Archives: Gold

The US dollar experienced its most significant drop in one week since May, with negative momentum dominating. Next week will be shorter in the US, with the preliminary November PMIs being the important economic report to keep an eye on. The Fed will publish the minutes of its most recent …

The Gold Index, XAU/USD, advanced to $1,980 after hitting $1,995 earlier in the North American session.US housing data for October surprised to the positive side. Notably, the most recent spike in the price of precious metal was suppressed by hawkish Fed speakers and rising US yields.Gold saw a minor increase …

Gold exhibited stability during Friday’s trading on the seventeenth of November, poised to secure weekly gains amid heightened investor speculation surrounding the conclusion of the US Federal Reserve’s monetary tightening cycle. Continuing its upward trajectory, the price of gold tested its highest point in eight days, nearing the $1990 mark. …

In the preceding two technical reports, we maintained an intraday neutral stance. We highlighted the necessity for price consolidation above 1977 to trigger buying positions, targeting 1983 and 1992. The first target was achieved, reaching its peak at $1988 per ounce. Today’s technical analysis, examining the 240-minute chart, reveals gold’s …

The US Dollar Index rose marginally on Thursday, finishing around 104.40, despite weak economic data and the decline in US yields. Economic DataUS Continuing Jobless Claims reached the highest level since 2022, with Initial Claims rising to 231,000. Industrial Production declined by 0.6% in October, exceeding the expected contraction. The …

Gold price surged to a peak of $1,987, up 1.35%, earlier in the North American trading session. The Gold Index (XAU/USD) rose to $1,985, indicating a bullish bias. The US Industrial Production figures were below forecast, and the number of jobless claims reached a three-month high. The precious metal is …

In our previous technical report, we maintained intraday neutrality due to conflicting technical signals, explaining that we were awaiting a clearer directional signal to achieve a high-quality deal. Accordingly, gold movements showed stability above the lower limit of 1955 and below the upper limit of 1977. From a technical analysis …

Gold prices have recently made significant strides, outperforming the US dollar, following a successful breach of the 1945 resistance level. This upward trend solidified as gold prices maintained stability above the 1954 mark. While this stability tempers the possibility of a downward shift, it doesn’t completely rule it out. We …

On Monday, gold prices hovered near the lowest level in three weeks in light of the rise in the dollar and investors awaited US inflation data to obtain more indications about the path of US interest rates. Gold rose in spot transactions by 0.1 percent, recording $1,938.12 per ounce by …

Gold prices have successfully reached the specified target outlined in the previous technical report, settling at the price of 1934 and marking its lowest level at $1933 per ounce. Upon closer examination from a technical analysis perspective, focusing on the 4-hour time frame chart, the influence of the simple moving …