Tag Archives: metals

A sharp surge in natural gas prices since August has put pressure on a set of commodities, including crude oil, coal and electricity. Prices are currently squeezing margins for industrial users. Some industrial activities have contributed to higher prices for other commodities, such as base metals and ammonia as output …

Gold prices continued forming an ascending attack to retest the key resistance level at 1768 after retesting the 1755 support floor. Technically, we notice that gold continues to obtain a positive stimulus from the 50-day moving average, which continues to hold the price below, supporting the bullish price curve, accompanied …

We adhered to the intraday neutrality at the end of last week’s trading due to the conflicting technical signals and the high-risk levels coupled with the expected return. Technically, we find that gold prices achieved a pivot on the support floor of 1845, which forced the price to rebound bullishly …

Gold’s movements witnessed a bullish tendency during the last trading session within the attempts that aimed to retest the main resistance level at 1768. However, the price is still seeing stability below the mentioned level. On the technical side, gold hit the 1867 resistance level represented by the 23.60% Fibonacci …

Mixed trading dominated gold prices within a mixed context. We have indicated during all reports of this week that the levels of risks may be high. Explaining that any trading above the critical resistance 1830 and most notably 1835 can consolidate gold gains for the extended target 1860, to record …

During the previous analysis, a quiet rise in gold prices within the expected bullish path, touching the first official leg of the current rally at 1830, recording its highest level at 1832. Technically, looking at the 4-hour chart, we see that the current movements are witnessing stability below the pivotal …

The technical outlook is unchanged, and there was little change in the yellow metal after it succeeded in stabilizing above the psychological barrier of 1800 within an ascending path, approaching a few points from the target published in the previous analysis at the price of 1830, recording its highest level …

We adhered to intraday neutrality during the previous report, due to the conflicting technical signals, to notice the bullish rush witnessed by the yellow metal at the end of last week’s trading, and to remind us that to confirm these buying positions, it requires breaching 1799 to target 1816 to …

A bullish rally was witnessed in gold prices during yesterday’s session, nullifying the negative outlook as we expected. Therefore, we relied on the intraday instability below the 1799 resistance level after on the main support level 1768. On the technical side, there is a conflict between the technical signals, we …

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 …