Tag Archives: Gold

The US Dollar is starting to recover after dropping to seven-month lows and a rebound could follow a higher Consumer Price Index data. Gold price is trading at $1877.24 at the time of writing, higher by almost 0.3% versus the previous closing price at $1871.65 on Monday, after climbing from …

Gold’s movements did not witness a significant change during the trading of the previous trading session, after several consecutive sessions of incline, to be able to touch the target to be achieved during the past week, 1880, which formed a strong supply point that it was unable to break until …

The US dollar started the trading week with losses amid optimism weighing on the American currency’s safe-haven standing. Investors and traders are assessing US macroeconomic data published on Friday, which suggests the Federal Reserve could slow the pace of tightening after wages-linked data.The EUR/USD pair hit 1.0760, holding on to …

Gold price holds onto latest gains as the rally in Wall Street continues. Monday’s weaker US Dollar offers support to the Gold Index that continues to look forward to $1,880.Strong demand for Treasury bonds as market participants await a less hawkish Fed. Gold prices are holding up and near the …

Gold prices achieved substantial gains, taking advantage of the USD decline within the positive outlook, as we expected during last week’s trading, touching the official target station at $1880 per ounce. Technically, and by looking at the 4-hour chart, we note the stability of the price above the 50-day simple …

Gold prices came under negative pressure during the previous trading session, recording a low of $1825 per ounce, stable below the support of the bullish channel. Technically, and despite the decline witnessed by gold prices, it is still stable above the main support floor published during the previous analysis, at …

The price of gold is facing difficulties in stretching its recovery move further ahead of US NFP data. The Fed might continue its interest rates on an elevated level for a longer period in light of the latest positive US ADP Employment Change data in addition to further dollar’s surge …

Gold’s movements showed an upward trend within the expected technical path in the previous report, touching the first official target station at the price of 1865, recording its highest level at 1865. Technically, the daily trend is still bullish, with the simple moving averages continuing to provide a positive impulse, …

Gold prices are receiving a push forward by the significantly positive market sentiment keeping the US Dollar offered.Investors cheered China’s planning to support the property market and the relaxation of its Covid zero-tolerance policy. A busy US economic docket keeps traders worried about the performance of the US Dollar while …

Gold prices managed to touch the required official target at 1850, recording its highest level at 1850, to decline significantly due to touching the pivotal resistance level of 1850 represented by the target, which forced the price to trade negatively to retest 1828 support. Technically, and with a closer look …