Tag Archives: metals

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 …

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 …

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 …

Gold prices managed to touch the extended target, as we mentioned yesterday. We relied on confirming the breach of the main resistance level 1867, explaining that ​​it enhances the gains to visit 1877, recording its highest level at 1877. Technically, Strong supply areas at the resistance represented by the target …

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 …