Prices of the yellow metal declined significantly during the previous trading session, touching the second official target required to be achieved in the last technical report, at 1761, recording its lowest level at 1761.00. On the technical side today, and by looking at the 4-hour chart, we notice that gold …
Read More »Gold Resumes The Bearish Trend
The technical outlook is unchanged, and the yellow metal did not witness a significant change within a short-term bearish trend, tilting to the downside, stable below the main resistance 1799, to start today’s session by pressing on the support level 1768.00. The technical aspect today needs careful consideration and trading …
Read More »The Direction of Gold is Not Clear
Mixed trades dominated gold prices during the previous trading session. As we mentioned, one of the primary keys for the trend is the resistance level of 1808, which forced the price to rebound to the downside and 1768 on the downside, which is trying to maintain positive stability. The technical …
Read More »Gold: Negative Pressure is in Place
The price metal managed to touch the target published in the previous analysis at 1768, recording its lowest price at 1767, to bounce back up, building on the 1768 support. The price is now hovering around the highest level during the current session, trading at 1788. Technically, the moves are …
Read More »Gold May Repeats The Bullish Move
At the end of last week, mixed trading dominated gold prices within an unclear short trend after it managed to break 1797. We explained that trading above the 1804 resistance level might push the price towards 1825, recording a top at 1815 then quickly declining to settle at 1797. Technically, …
Read More »Gold is re-testing The Resistance
Gold prices opened the early trading of the current session with an upward bias, building on the support level 1778 to retest the key resistance level 1799. Technically, we notice that the 14-day momentum indicator shows positive signs on the short intervals. Still, negative features started to appear on Stochastic …
Read More »Gold Extends Losses
Gold prices continued the negative move within the strong profit-taking wave that started with the beginning of last week’s trading, explaining that the stability of trading below the 1799 support level, opening the door to visit the target of 1769, posting a low at 1781. Technically, we notice the price …
Read More »Gold is Witnessing Strong Selling
Gold prices experienced intense selling during the previous session’s trading. As we mentioned during the last analysis, signs of weakness in the bullish trend began to appear, surpassing the second official target 1830, recording the lowest of 1802. Technically, we notice the beginning of a bearish technical structure that supports …
Read More »Gold Showing Signs of Weakness
We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on breaking the 1854 level to target 1835. Gold prices posted the lowest level at the end of last week at 1843. Technically, there is a possibility of …
Read More »Gold Within an Unclear Short Trend
The yellow metal is witnessing sideways narrow range movements, limited between support of 1855 and resistance of 1867. Technically, we find that gold prices are still stable below the main supply areas at 1868, 23.60% Fibonacci correction. However, we see the price trying to stabilize above the 50-day moving average …
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