Tag Archives: metals

Limited positive attempts were witnessed by gold’s movements yesterday, unable to breach the pivotal resistance level at 1959, which forced the price to touch the 1936 level. Technically, gold prices got additional support due to the intraday stability above the 1940 support floor. However, with a careful look 240-min chart, …

Gold prices repeated their attempts to rise again, benefiting from stability above the 1940 support level, rebounding to the upside to retest the previously broken support level that turned into the 1959 resistance level. On the technical side, the 50-day simple moving average is still trying to pressure the price …

Gold prices were able to retest the support published in the previous analysis, explaining that trading below 1959 forces the price to activate the selling scenario to visit our 1956 and 1950 targets, respectively, for gold to record its lowest level in 1943. Technically, and by looking at the 4-hour …

During the previous trading session, Gold prices jumped within the expected bullish context in the last analysis. Therefore, we relied on confirming the 1981 breakthrough capable of extending gold’s gains to visit the first target in 1988 and then 2000, recording its highest level in 1999. On the technical side …

Gold’s attempts to maintain bullish stability continued after retested the 1956 support level. Still, prices hit the resistance level published during the previous analysis at the 1980 price, explaining that resuming the rise requires breaching this level. Technically, today, we notice that the resistance level of the ascending price channel …

Gold prices jumped during the previous trading session after we stayed on the fence, explaining that we are waiting for a new signal to continue the upside and breach of 1960 increases and accelerate the strength of the bullish trend, targeting 1978 to record gold at its highest level at …

Positive moves dominated gold prices during the first trading sessions after it succeeded in liberating from the sideways path so that gold could breach the 1940 strong supply zone, touching the first official target required during the previous analysis. Technically, we tend to the positivity, relying on the stability of …

After several consecutive sessions of our commitment to neutrality, waiting for the gold price to exit the sideways range between 1925 and 1940, explaining that activating purchase orders depends on gold’s ability to penetrate 1940 to target 1948, recording its highest price last Friday’s transactions 1948. From the angle of …

Gold prices are trying to record rebound attacks to the upside, but without change, and are trading within a sideways range, as we indicated in the previous analysis, confined between 1925 support level and 1940 resistance level, which managed to cap gold’s gains during yesterday’s session, recording 1940, unable to …

Gold prices did not provide little change in mixed trading, the movements are still stuck within a sideways range, as we indicated during the previous analysis, confined from the bottom above the 1925 support level and from above below the 1940 resistance level, which succeeded in limiting gold’s rises during …