Tag Archives: metals

Gold prices declined significantly during the last session, touching the official stations targeted during the previous analysis at 1768 and then 1757, recording the lowest price of 1757. The technical picture indicates the possibility of continuing the decline, based on the price stability below the 50-day moving average, which still …

The pivotal resistance at 1799 managed to put selling pressure on gold prices, heading towards touching the first awaited target at 1781, recording its lowest level at 1779. Technically, we notice the continuation of the clear negative pressures on the simple moving averages, and we find the 50-day moving average …

Positive attempts for the yellow metal in the previous session, retesting the main resistance level at 1799, recording its highest level at 1795. Technically, and carefully looking at the 4-hour chart, we notice the 50-day moving average is still an obstacle for gold to achieve further rise. We also find …

Negative trading dominated gold prices last week in the previous trading session after it failed to maintain stability above the 1799 resistance level, forcing it to trade negatively again. Technically, we tend to the negativity, according to the stability of trading below 1799, the main resistance represented by the 50.0% …

Gold prices found a strong resistance level around 1810, which forced it to trade negatively during the early trading of the current session, and it is now hovering around its lowest level during the session at 1792. Technically, and with a closer look at the 240-minute chart, we find the …

The yellow metal faced selling pressure during the previous trading session; we remained neutral due to the conflicting technical signals, explaining that breaking the 1797 support level pressures the price to target 1797 and 1774, recording a low at 1782. On the technical side, today, the current moves are witnessing …

The yellow metal prices maintained the bullish bias after stabilizing intraday above the previously breached resistance level at 1797. Technically, by looking at the chart, we notice a conflict of technical signals between the continuation of the positive motive for the 50-day moving average, which still supports the bullish price …

Gold prices surged significantly at the end of last week’s trading, within the expected bullish path in the previous analysis, in which we relied on confirming the breach of 1789, targeting 1799 to surpass the official target station, recording the highest of 1813. Technically, by looking at the 4-hour chart, …

Bearish trading tends to the positivity that dominated gold’s movements during the previous trading session, and there was no significant change in the technical signals. On the technical side today, we find the simple moving averages still supporting the bullish price curve, accompanied by positive signals coming from the RSI …

The yellow metal prices are moving marginally to the upside, recording its highest level during the previous trading session 1789, after building on the support of 1770. On the technical side today, we find the simple moving averages still supporting the bullish price curve, accompanied by positive signs coming from …