Tag Archives: metals

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, …

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 …