Tag Archives: metals

Gold prices succeeded in retesting the main demand area published in the last report, at 1797, which forced the price to rebound bullishly, approaching the required price station at 1820, posting its highest at 1810. The 14-day momentum indicator provides positive signals on the technical side, and the price stability …

Gold prices successfully retest the support level published in the previous report at 1797 to return to the bullish bounce, approaching a few points from the price station required in the last analysis at 1813, to record the highest of 1811. Technically and carefully looking at the 4-hour chart, we …

Gold prices found a strong resistance level around 1807, which limited the upside. As indicated during the last analysis, breaching the mentioned level is fundamental to resume the rise. Finding the resistance forced the price to trade negatively again and pushed it to retest the strong support floor 1797. Technically, …

Positive movements dominated gold prices with the beginning of the first trading of this week after it successfully retested the 1780 support level, which forced the price to rebound to the upside, attacking the resistance level of the psychological barrier 1800 during the early trading of the current session. On …

Gold prices touched the required official station during the previous trading session at 1785, recording its lowest level at 1780, to witness the stability of the current movement below the broken support level 1797. Technically, and carefully by looking at the 240-minute chart, we notice the clear negative signs on …

Gold prices witnessed significant losses during the last session within the expected bearish path, heading to touch the official target 1797, bypassing the official station, touching the next target 1790, recording its lowest price of 1791. Technically, the bearish trend is still intact today due to the negative pressure coming …

Gold prices reversed the expected bullish tendency during the previous analysis. We relied on the stability of trading above the support line of the ascending price channel located at 1825. As we mentioned, any attempts to break the mentioned level can stop the bullish trend and start negative pressure on …

Gold managed to retest the support line of the ascending price channel shown on the chart located at 1825, maintaining the bullish bias and hovering around its highest level during the early trading of the current session 1844. Technically, and carefully looking at the 4-hour chart, we notice the regularity …

Gold managed to retest the support line of the ascending price channel shown on the chart located at 1825, maintaining the bullish bias and hovering around its highest level during the early trading of the current session 1844. Technically, and carefully looking at the 4-hour chart, we notice the regularity …

The yellow metal prices found a strong resistance level at 1847, which we mentioned during the previous analysis that breaching it is a basic and important condition to continue the rise. Technically, the intraday movement of gold is witnessing stability below the mentioned resistance. However, by looking at the 4-hour …