We adhered to intraday neutrality during yesterday’s session due to a conflict in the technical signals, explaining that we are observing the price behaviour of gold from the bottom above 1729 and above around 1757. On the technical side, gold begins today by attacking the strong resistance located at 1757, …
Read More »Gold awaits activation of pending orders 24/8/2022
We adhered to intraday neutrality during the previous session, explaining the importance of the current trading levels, in addition to the conflict in the, explaining that the continuation of gold prices above the recorded bottom $1727 increases the probability of touching $1472 and $1755 respectively, to touch the required target, …
Read More »Gold is at its official target; prefer to monitor price behavior 23/8/2022
As we expected, a negative trading session witnessed gold price movements within the official descending path, touching the official price target for yesterday’s session at 1727, recording the lowest at 1727. On the technical side today, the negative pressure from the simple moving averages continues, which supports the continuation of …
Read More »Gold touches the target station and confirms the break 22/8/2022
Gold prices achieved the awaited technical target referred to during the last analysis at 1746, recording its lowest level at the end of last week’s trading at $1745 per ounce. Technically, gold prices are now stabilizing around their lowest level during the early trading session of the current session at …
Read More »Gold continues to achieve our bearish goals 19/8/2022
Gold prices continue to lose within the expected bearish trend during the previous analysis. As a result, the price touched the required bearish targets at 1758 and 1753, recording its lowest level at 1753 during the Asian session of today’s trading session. On the technical side, and with careful consideration …
Read More »Gold breaks support and starts the bearish bias 18/8/2022
We adhered to neutrality during the previous report due to the conflict of technical signals, explaining that activating the short positions requires breaking 1771, which puts the price of gold under negative pressure, its initial target 1756, to lead the price within the expected path, approaching by a few points, …
Read More »Gold needs a clearer signal, eyes are on the Fed 17/8/2022
Negativity dominated the gold price movements after it failed to maintain its positive stability above the strong gold level at 1779, recording its lowest level at 1771. Technically, by looking at the 4-hour chart, we find a conflict in the technical signals. We found the simple moving averages pressing the …
Read More »Gold finds selling pressure and is still hovering around the support 16/8/2022
Negative pressure was experienced by the yellow metal prices at the beginning of this week’s trading, after it recorded its highest level during last week’s trading at around $1800 per ounce, to find a strong selling area that forced it to trade negatively. On the technical side, gold is now …
Read More »Gold is trying to maintain the gradual upward trend 12/8/2022
The technical outlook is unchanged, and there was no change in the gold’s movements, maintaining positive stability within the gradual bullish slope, recording its highest level around the psychological barrier of $1800 per ounce. Technically, and carefully looking at the 4-hour chart, we notice the price stability above the 50-day …
Read More »Gold is looking for additional momentum to resume the rally 11/8/2022
Gold prices achieved the bullish target posted during the previous analysis, at 1808, recording its highest price of 1808 after the US inflation data. Technically, and by carefully looking at the 4-hour chart, we notice the price stability above the 50-day simple moving average. In addition, we see the precious …
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