Tag Archives: metals

Gold prices faced significant selling pressure during the previous trading session, aligning with our anticipated bearish outlook. The metal reached the official target of the ongoing downtrend at $2589 per ounce, marking its lowest point at $2589. On the technical side, gold has established a solid support base around $2589, …

Gold experienced strong selling pressure, maintaining its downward trend and surpassing the target station of 2647, with prices dropping to a low of $2610 per ounce. Technical Analysis: Bearish Outlook: Today’s analysis indicates a continued bearish sentiment, as gold remains below the simple moving averages, which reinforce the likelihood of …

Gold prices remain under continuous bearish pressure, registering a new session low at 2666 per ounce in morning trading. Technical Analysis: Bearish Trend Confirmation: The break below the 2674 level, corresponding to the 61.80% Fibonacci retracement, reinforces the downside momentum. Additionally, the price struggles to overcome the 2700 psychological resistance, …

Gold prices have continued their historic climb, reaching $2790 per ounce after surpassing the previous peak of $2758. Technical Analysis: The 4-hour chart shows that simple moving averages continue to support the upward momentum, while the momentum indicator remains strong above the 50 midline, indicating a sustained bullish outlook. For …

Gold prices are currently showing positive momentum as they attempt to breach the recent peak of $2758 per ounce. Technical Analysis: Analyzing the 4-hour chart, gold has started forming lower peaks, suggesting a potential continuation of a downward correction. The Stochastic indicator is also providing negative signals, indicating a possibility …

Gold prices reached a new record high of $2712 per ounce, aligning with the upward momentum highlighted in the previous analysis. The breach of the 2685 level led to the anticipated new highs of 2691 and 2700. Technical Outlook:The technical indicators suggest continued bullish momentum, with the simple moving averages …

Gold prices are currently hovering around the historical peak of $2685 per ounce but have not yet managed to break through this level, leading to some declines during the previous trading session. Technical Analysis: The simple moving averages continue to support the possibility of an upward move, with the 14-day …

Gold prices surged, reaching the target set in the previous technical report at $2677 per ounce during morning trading. The simple moving averages continue to support the potential for further upward movement, with the 14-day momentum indicator signaling a continuation of the trend as long as prices remain above the …

Gold prices declined during the morning session, failing to break through the resistance level of 2666 and approaching a retest of 2635. The lowest price recorded so far is $2638 per ounce. Today, we lean toward a positive outlook, primarily relying on the price stability above the key support level …

Gold prices saw a sharp decline yesterday, aligning with the negative outlook in the previous report, which anticipated a break of the $2645 support level, reaching the target of $2605 per ounce. Today’s technical view suggests the potential for a continued corrective decline. The 240-minute chart shows a bearish alignment, …