Tag Archives: metals

A bearish trend, as we expected, dominated gold prices, touching the first target to be achieved at the price of 1838, and approaching by a few points from the official target station 1828, recording its lowest level at 1830. Technically, by looking at the 240-minute chart, the stochastic is trying …

We adhered to intraday neutrality during the previous report due to the conflicting technical signals, explaining that the 1.0745 level represents one of the most important keys to the direction, explaining that the 60-minute candle sticking above the mentioned level might push the Euro-dollar pair to visit 1.0780, to record …

The prices of the yellow metal declined significantly as part of the negative outlook expected during the analysis issued last Friday, heading to touch the second target expected to be achieved at the price of 1854, recording its lowest level at $1850 per ounce. Technically, and by looking at the …

Gold prices found a strong resistance level around the level published during the previous technical report at 1885, which forced gold prices to maintain the bearish context, to return once again to test the 1869 support level. Closer looking at the chart, we find the movements confined between 1870 and …

Limited positive attempts by gold prices to compensate for their recent losses, as yesterday’s movements witnessed an upward variation affected by the speech of the Federal Reserve Chairman, explaining yesterday that we may witness fluctuation in prices at the time of the speech, to record its highest level of 1884 …

Gold prices collided with the previously broken support level, which was transformed into the de facto resistance level at 1880, limiting the limited bullish tendency to force gold to decline again and retest 1862. Technically, we tend in our trading to be negative, relying on the stability of the price …

Gold prices ended last week’s movements on a noticeable decline, after the issuance of better-than-expected US employment data, supporting the US dollar over gold’s interest. Technically, and with a closer look at the 240-minute chart, we find that gold prices are currently stabilizing below the strong demand area 1900, accompanied …

Gold prices finished the bearish correction referred to during the last analysis, during which we targeted to touch 1907 levels, to start a bullish rebound, taking advantage of the US currency’s decline after the Federal Reserve’s decision regarding interest rates. On the technical side today, we tend in our trading …

Narrow range side trading did not witness a significant change to find gold prices maintaining stability between 1920 and 1936. As a reminder, we indicated during the previous analysis that price consolidation above 1936 is a condition for resuming the bullish trend. On the technical side, by looking at the …

Gold stayed in narrow sideways actions and was confined between 1920 and 1936. From a technical point of view, today we tend to be positive but with caution, relying on the continuation of the simple moving average’s attempts to provide a positive impulse, in addition to the emergence of positive …