Tag Archives: metals

The solid resistance levels mentioned during yesterday’s technical report, located at 1680, could limit the bullish bias that occurred during the previous session to make gold fail, explaining that it represents the key to protecting the bearish trend. Technically, the current moves are witnessing stability below 1680, accompanied by the …

Gold prices reached the first bearish target at 1656 and approached by a few points at the next target, 1650, recording its lowest level of $ 1653 per ounce. Prices showed mixed trading after touching 1653, resuming the bullish intraday bounce to retest the 1686 resistance level and fail to …

There, gold prices found a strong resistance level at 1680, as we mentioned during the last analysis, which forced gold to return to the downside path within the mentioned context, touching the first target of 1663, recording its lowest level at $1660 per ounce. On the technical side, the simple …

Bullish rebound attempts dominated gold prices yesterday, trying to establish a support level around 1665, recording the highest level of $1680 per ounce during trading last Monday. On the technical side, the 50-day SMA is still an obstacle to the price, and it is motivated by the clear negative features …

Remarkable declines dominated gold prices, posting huge losses within the expected bearish trend during the last analysis, touching the official target at $1660/ounce and approaching by a few points from the second target of $1650, recording its lowest level at $1654 per ounce. On the technical side today, stochastic is …

Gold prices incurred heavy losses yesterday amid selling within the bearish directional movement, as we expected, bypassing the official target station 1680, heading near the next station 1650, to settle for its lowest level at $1660 per ounce. On the technical side, the simple moving averages still support the daily …

The technical outlook is unchanged, and there was no change in gold’s movements, maintaining the negative stability below the $1700 level per ounce, to start today’s session with a stable bearish tendency around its lowest level during the early trading of the current session at 1690. Technically, the simple moving …

A noticeable decline in gold prices within the negative outlook as we expected, in which we relied on the stability of trading below 1726, and most importantly 1733 touching the required target 1710, explaining that breaking the target level increases the chances of touching 1695, recording its lowest level of …

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 …