Tag Archives: Gold

In gold trading, conflicting technical signals have left analysts in a state of neutrality. The pivotal moment for traders hinges on the breach of the robust support floor at $1977 per ounce. Current market dynamics find gold prices hovering near their lowest point during the early stages of the trading …

Mohammed Hashad, Director of Research and Development Department at Noor Capital and the member of the US Association of Technical Analysts, commented on the most prominent developments in the markets and the performance of the most important financial assets, in an interview on Dubai TV. He began his comments by …

Gold prices exhibited a series of mixed trades during Friday’s trading session, oscillating in both upward and downward directions. As previously noted, the potential for an upward surge was evident if the price managed to consolidate above the crucial level of 1977, coupled with a confirmed breakthrough at 1994. This …

Gold prices experienced narrow-range sideways movement yesterday, maintaining the existing technical outlook. The price of gold remains confined above 1977 from the bottom and below 1993 from the top. Upon examining the 240-minute timeframe chart, it is evident that the price has remained stable below the 1992 resistance level. Additionally, …

Gold prices rose on Thursday, supported by a decline in the dollar and Treasury bond yields, amid increasing investor bets that the Federal Reserve may have reached the end of its cycle of raising interest rates after keeping them unchanged. By 0924 GMT, gold in spot transactions rose 0.3 percent …

The formidable resistance level identified in the previous analysis at $1991 exerted significant downward pressure on gold prices, causing it to trade negatively and ultimately break the $1977 mark. Gold came within a few points of reaching the initial target of $1967, reaching its lowest point at $1969 per ounce. …

Near midday, ahead of the Federal Reserve’s meeting to set monetary policy, gold prices were marginally higher. Gold fell by 0.23% from the previous closing price, or $4.50.The Federal Reserve and Bank of England’s central bank meetings are the focus of the market, with most observers projecting that the FOMC …

Gold prices followed the pattern outlined in the last technical report, successfully retesting the officially designated target at $1977. Today’s session began with continued pressure on this level. Upon a detailed analysis of the 240-minute timeframe chart, it’s evident that the simple moving averages are exerting downward pressure on the …

The price of gold exceeded the $2000 level again for the first time in five and a half months last Friday. Observers and economic analysts are keen to analyze the expectations of the yellow metal, which at the time of writing is trading around $1994 per ounce.Analysts believe that gold …

Gold prices experienced subdued trading, predominantly following a slight downward trajectory, reaching its lowest point at $1,990 per ounce in the initial trading sessions of the week. From a technical perspective, today saw gold prices exerting downward pressure, particularly around the $1,995 mark. Additionally, both the Stochastic indicator and the …