Tag Archives: metals

Gold prices temporarily reversed the expected bearish trend during the previous analysis, and we relied in our negative trades on the stability of trading below the pivotal resistance level 1726, explaining that we should pay close attention if the price succeeds in breaching 1726. High at 1735 to compensate for …

Positive trades dominated gold’s movements within the expected bullish context, touching our awaited target at 1730, and recording its highest level at 1729. Technically, gold prices found a strong resistance level around 1726 represented by the 23.60% Fibonacci correction as shown on the 4-hour chart. It started by pressing the …

A gradual rise in gold prices within the positive outlook, as we expected during the previous analysis, heading to touch the official price station at 1726, recording its highest level at 1728. On the technical side today, and by looking at the 4-hour chart, we find gold succeeded in establishing …

Gold prices found a solid support floor that succeeded in establishing it near 1796, to witness a trading session that tilted to the positive after gold succeeded in confirming the breach of the 1705 resistance level, explaining that consolidation above the mentioned level leads the price to visit our first …

The prices of the yellow metal hit the strong resistance published in the previous analysis at 17260. we mentioned earlier that it is one of the most important keys to the trend; forcing to trade with clear negativity again. We noted that the decline below 1707 led the gold price …

Gold started the first trading sessions this week on a bullish slope, benefiting from the strong demand point located at 1690 price, to retest the 1726 point during the early trading of the current session. On the technical side today, we find that the 14-day momentum indicator is getting positive …

Substantial losses dominated gold prices during the previous trading session, within the expected negative outlook, touching the first target that is required to be achieved at 1695, and it is approaching by a few points from the second target 1686, to be satisfied with recording $1688 per ounce. Technically, by …

Gold prices achieved noticeable losses within the expected negative outlook, in which we relied on the stability of trading below the broken support level 1729, heading to touch the bearish targets 1716 and 1708, and approaching by a few points at the official station 1700, recording its lowest price during …

Gold price movements witnessed negative trading yesterday, within the negative outlook, as we expected, based on confirming the breach of the support level of 1729, touching the first target of 1721, to record the lowest level of $1720 per ounce. On the technical side, price stability below the 1729 Fibonacci …

Gold prices found strong resistance around the key supply areas at 1745 published during the previous analysis, explaining that stability and stability below it is a condition for maintaining the general bearish trend on the intraday term, to find gold unable to break it until now. Technically and carefully considering …