The technical outlook is unchanged, and there was no significant change in gold prices in an attempt to rise. However, it is still limited, recording its highest level of 1898, after recording its lowest price around the support of 1885. Today’s technical vision indicates the possibility that we will witness …
Read More »Gold: the continuation of the decline is a valid scenario 21/8/2023
Gold prices continued the expected downward path, reaching the first main station of the current downward wave, at the expected target of 1885, recording its lowest level during the early trading of today’s session, $1885 per ounce. Today’s technical vision indicates the possibility of witnessing an attempt to establish support …
Read More »Gold is gradually approaching the official target 18/8/2023
Gold prices reached the official target station during the previous technical report at 1885, recording its lowest level at $1885 per ounce. On the technical side, prices tried to take advantage of the support represented by the 1885 target to achieve some bullish rebound. However, it is still limited, and …
Read More »Gold surrenders against dollar 17/8/2023
Gold prices continue to decline under pressure, with the US dollar rising. It is heading to touch the official targets required to be achieved during the previous report at 1894 and 1886, to suffice with recording its lowest price at $1886 per ounce. On the technical side today, by looking …
Read More »Gold is suffering from the strength of the US dollar 16/8/2023
Gold prices achieved the negative technical outlook, as we expected during the previous technical report, touching the first target achieved at 1900, recording its lowest level at $1896 per ounce. On the technical side today, by looking at the 4-hour chart, with the continuation of the negative intersection of the …
Read More »Gold continues its negative crawl 15/8/2023
As we expected, the bearish trend continues to dominate gold’s movements within the bearish technical track, bypassing the first targeted station during the previous analysis, located at 1906, recording its lowest level at $1902 per ounce. On the technical side today, by looking at the 4-hour chart, with the continuation …
Read More »Gold starts pressing support 14/8/2023
As we expected, gold prices continue to decline, touching the official target station during last week’s trading at 1913, recording its lowest level at $1912 per ounce. On the technical side today, by looking at the 4-hour chart, with the continuation of the negative intersection of the simple moving averages, …
Read More »Gold needs a negative catalyst 11/8/2023
The resistance levels posted during the previous repor at 1929, could limit the bullish bias, which forced gold prices to maintain the bearish path, recording its lowest level at $1910 per ounce. On the technical side today, and looking at the 4-hour chart, the Simple Moving Averages are still a …
Read More »Gold touches the main target and negativity remains 10/8/2023
Gold prices achieved the negative outlook as we expected, reaching the main target during the previous trading session at $1913 per ounce. Technically, and by looking at the 4-hour chart, we find the stochastic indicator around the intraday overbought areas, and we notice the continuation of the negative pressure coming …
Read More »Gold continues its gradual decline 9/8/2023
Gold prices were able to achieve the first bearish target required to be touched during the previous trading session, located at 1926 price, recording its lowest level at $1922 per ounce. Today’s technical vision indicates the possibility of resuming the bearish trend, relying on the continuation of the negative impact …
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