Tag Archives: metals

The yellow metal prices achieved the negative outlook as we expected during the previous analysis, explaining that confirming the break of the 1660 support floor facilitated the task required to visit our first target 1646, recording its lowest level at the end of last week’s trading at 1640. Today’s technicals …

Divergent movements dominated the gold’s moves during the last session within a sideways path between 1660 and 1670. Technically, by looking at the 4-hour chart, we find that Stochastic gradually loses bullish momentum and is motivated by the continuation of the negative pressure coming from the 50-day simple moving average. …

The prices of the yellow metal suffer from the continued rise of the US dollar, forcing the price to trade again below the $1700 level per ounce, recording $1,661, its lowest price in almost a week. On the technical side today, the simple moving averages still constitute an obstacle to …

Gold prices found strong support, as we mentioned during the previous analysis at 1700, explaining that consolidation above 1700 supports the continuation of the positive scenario to return to the bullish rebound, recording a high of $1724 per ounce. Technically, looking at the chart, we find stochastic motivating the price …

Gold prices achieved strong gains within the upward trend during the previous trading session, as we expected, touching the official target station located at $1730 per ounce. Today’s technicals indicate the possibility of continuing the rise, with the positive motive coming from the 50-day simple moving average that supports the …

Positive trades dominated the movements of gold as we expected, touching the official targets at 1689. as we mentioned, rising above 1689 extends gains towards 1705, recording its highest level at 1702 during the early trading of the current session. Technically, and with a careful look at the 240-minute chart, …

Gold prices touched the bullish correction target mentioned during the last analysis at 1670, recording its highest level during last Friday’s trading at 1675. On the technical side, and by looking at the 4-hour chart, we notice that gold continues to obtain positive motive from the simple moving averages, and …

Positive trades dominated gold prices during the middle of the previous trading session, and it was able to breach the pivotal resistance level published during the last report, at 1646, explaining the importance of that level. Technically, by looking at the 4-hour chart, we find the 50-day simple moving average, …

Gold’s attempts to compensate for its losses failed yesterday after it found a strong resistance level near 1642, which formed an obstacle that could limit recovery attempts, approaching by a few points from our target of 1618, recording its lowest price at 1622. Technically, there was no significant change in …

Gold prices continue to achieve losses against the aggressive rise of the US dollar, recording its lowest level during the first trading of this week, $ 1621 per ounce. Today’s technical aspect indicates the possibility of resuming the bearish directional movement, adopting the criteria of dealing with descending price channels, …