Tag Archives: metals

Gold prices ended last week’s trading sessions with a noticeable increase, after several successive sessions of the aforementioned corrective decline, to record its lowest level at $1954 per ounce, to start an upward rebound as a result of the US dollar’s decline after Jerome Powell’s statements regarding interest rates. Technically, …

Gold prices did not show significant movements at the beginning of this week’s trading, within sideways movements that tended to be negative and stable in an intraday manner below the 2016 resistance level. Technically, and by looking at the 240-minute chart, we find that the simple moving average continues the …

Gold prices achieved the first bullish target required during the previous technical report at 2037, recording its highest level during the early trading of the current session at $2038 per ounce. Technically, and by looking at the 4-hour chart, we find that gold continues to form an upward trend accompanied …

Gold prices were able to achieve the bearish slope target mentioned during the previous technical report at 2016, recording its lowest level of $2014 per ounce. Today’s technical vision indicates the possibility of a bullish retracement based on the stability and consolidation of the price in general above the support …

Gold prices gave up their recent gains last Friday to move away from the peak recently recorded at $2067, under pressure from the rise of the US dollar after the US jobs data, to record gold prices to their lowest level of $2016 per ounce. Technically, and by looking at …

Gold prices continued their upward push within the expected bullish technical path mentioned in the previous analysis, in which we relied on the confirmation of gold prices breaching the resistance of the symmetrical triangle, as we explained yesterday, heading to touch the official target of the previous analysis 2045, recording …

Gold prices jumped, achieving significant gains during the previous trading session, recording its highest level of $2019 per ounce. Technically, and by looking at the 4-hour chart, we find that gold prices liberated from the symmetrical resistance triangle we referred to during the previous analysis. We find that the simple …

Negative trading dominated gold prices yesterday, explaining that the failure to breach the pivotal resistance level 2006 increases the possibility of the corrective decline to target 1985 and 1971, recording its lowest level at $1972.00 per ounce. Today’s technical vision indicates the possibility of continuing the decline, depending on the …

This year, it’s anticipated that the cost of energy, food, and metals will continue to decline. According to a new World Bank research, prices are projected to continue to fall in 2023, but consumers won’t likely experience much respite because commodity costs are still higher than they were before the …

Gold prices reversed the bearish corrective trend, as we expected during the previous technical report, in which we relied on the negativity of technical indicators, in addition to the stability of trading below the 2006 resistance level at the time of the report’s release, recording its highest level at $2009 …