Tag Archives: Gold

Negative trading continues to dominate gold’s movements within the expected bearish context, to find the price traded negatively as soon as it approached the pivotal resistance level at 1660, which forced it to retest 1630. Technically, and by looking at the 4-hour chart, we notice the 50-day simple moving average …

Gold price advances in the North American session benefiting from the retreating US Treasury yields which weakened the US dollar, following the release of solid US data, specifically factory activity. Traders observed a risk-on in the equities market, spurred by speculations that China is adjusting to exit its zero-tolerance Covid-19 …

Gold prices rose on Tuesday as the US dollar and bond yields declined, although investors were cautious as markets awaited policy expectations from the Federal Reserve’s two-day meeting starting later Tuesday. And gold rose in immediate trading 0.5% to $ 1641.43 an ounce by 0548 GMT, after earlier touching its …

Gold prices headed for a 7th consecutive monthly loss Monday, October 31st due to pressure from inflated US interest rates as cautious investors focus on the US Federal Reserve meeting for clues on its future position. The price of gold settled in spot transactions at $ 1642.55 an ounce at …

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as the US dollar and US Treasury yields surged. The most active gold contract for December delivery fell 20.8 U.S. dollars, or 1.25 percent, to close at $1645.20 per ounce at the time of writing …

Narrow sideways trading tended to the negativity that dominated gold’s movements during the previous session, under pressure from the rise of the US dollar, reaching the lowest of 1654, after it failed to cross upwards to the resistance level of 1670. Technically, the 50-day simple moving average is trying to …

The American dollar restores its previous weak tone, as US Treasury yields edged sharply lower following the release of the preliminary estimate of the Q3 Gross Domestic Product. Important events are streaming on the macroeconomic calendar having less impact than anticipated, despite bringing about some new developments. Wall Street got …

Gold prices are under pressure. The precious metal is actually forced back into the neutral zone on the daily chart. The hourly charts show that the price is balanced at a critical stage. Investors are eying Friday’s PCE and next week’s Fed. The price of gold has been pressured on …

We remained neutral during the previous session’s trading, explaining that we are waiting for the activation of the pending orders due to the conflicting technical signals at the time of the report’s release, explaining that activating the buying positions depends on confirming the breach of 1666 to target 1677, recording …

Gold rose on Wednesday as the dollar and US Treasury yields fell amid expectations that the Federal Reserve may slow the pace of interest rate hikes. And gold rose in spot transactions 0.7 percent, recording 1663.26 dollars an ounce by 0644 GMT. US gold futures rose 0.6 percent to $1,667.10 …