Tag Archives: Gold

Gold extended its rally during the European session, recording a high of $3,759 per ounce, surpassing the previously mentioned $3,720 resistance. Technical Outlook: Simple Moving Averages (SMA): Price action remains supported above the moving averages, which act as dynamic support reinforcing the bullish structure. Relative Strength Index (RSI): Approaching overbought …

Gold prices gained modestly in Asian trading on Monday, holding close to last week’s all-time peaks as expectations of further U.S. interest rate cuts supported the bullion market. Spot gold rose 0.3% to $3,697.70 an ounce by 01:33 ET (05:33 GMT), while U.S. gold futures climbed 0.7% to $3,733.10 per …

Gold opened the session with an upward bias, recording a daily high of $3,697 per ounce, supported by favorable technical factors. Technical Outlook:Price action remains underpinned by stability above the simple moving averages, which continue to act as dynamic support for the uptrend. However, the Relative Strength Index (RSI) has …

Market OverviewGold prices traded modestly higher in Asian trading on Friday, remaining close to record peaks and on track for a fifth straight weekly gain. Spot gold rose 0.2% to $3,650.14 per ounce, while U.S. gold futures for December delivery added 0.2% to $3,683.70. The metal had touched a historic …

Gold prices slipped in Asian trade on Thursday, retreating from fresh record peaks after the Federal Reserve cut interest rates but signaled a measured approach to future easing, helping the U.S. dollar rebound. Spot and Futures Weaken After Fed Decision Spot gold fell 0.7% to $3,635.55 an ounce by 02:24 …

Gold prices slipped from record highs in Asian trading on Wednesday as investors turned cautious ahead of the U.S. Federal Reserve’s policy meeting later in the day. Spot Gold fell 0.4% to $3,673.38/oz by 02:40 ET (06:40 GMT), after touching a new all-time high of $3,702.95/oz on Tuesday. Gold Futures …

Gold (XAU/USD) Technical Analysis – 4H Chart Gold prices extended their bullish momentum in the last session, reaching the first target at $3,705 and printing a session high of $3,703 per ounce, setting a fresh all-time record. Technical Outlook: After touching the $3,700 psychological barrier, intraday price action showed a …

The recent surge in gold prices to a new record high of $3,703 per troy ounce presents a striking paradox. This rally occurred even as robust U.S. economic data would typically prompt investors to move away from safe-haven assets and toward riskier, higher-yield investments. For instance, U.S. retail sales for …

Gold prices (XAU/USD) extended their bullish momentum in the previous session, posting fresh record highs at $3,689 per ounce after surpassing the prior peak of $3,678. This confirms strong buying interest and clear investor control over the prevailing uptrend. Technical Outlook – 4-hour timeframe: Relative Strength Index (RSI): Although firmly …

Gold prices (XAU/USD) extended their rally to new record highs, building on the bullish trajectory highlighted in the previous report. After decisively breaching the 3,600 resistance, the metal advanced toward successive resistance levels, reaching an intraday high of $3,657 per ounce during today’s morning trade. Technical Outlook – 4-hour timeframe: …