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, …
Read More »Gold is Gradually Rising
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 …
Read More »Gold is Rising, Mixed Technical Signals
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 …
Read More »Gold Touches The Target, Looking For Direction
The yellow metal prices achieved the positive outlook as we expected yesterday, to retest the target at 1785, recording its highest level at 1785. On the technical side, the resistance level represented by the target managed to cap the bullish bias, which forced gold to trade with intraday negativity to …
Read More »Gold Price May Jump
Gold prices found a good support floor near the 1760 level to return to the limited bullish bounce and hovering around its highest level during the early trading of today’s session at 1775. Looking at the 240-minute chart, we notice the positive motive coming from the 50-day moving average, which …
Read More »Gold: Technical Conditions Unchanged
The technical outlook is unchanged, and the movements of gold did not change significantly during the previous trading session, as part of attempts to breach the resistance level of the psychological barrier 1800, unable to breach it so far. Technically, by looking at the 4-hour chart, we notice a conflict …
Read More »Gold Breaks Through Resistance
The yellow metal achieved noticeable gains yesterday, nullifying the negative outlook as we expected. We relied on the trading stability below the 1770/1768 resistance level, touching the stop-loss order at 1770. We mentioned that any attempts to breach 1770 would cancel the bearish scenario immediately and lead Gold to achieve …
Read More »Gold is Retesting The Resistance
Gold prices witnessed positive, but still limited movements aimed at retesting the pivotal resistance level published during the reports of this month at 1768, and it is still stable below it so far. Today’s technical vision indicates the possibility of resuming the decline, relying on price stability below 1768 represented …
Read More »Gold is Waiting For Confirmation
The technical outlook is unchanged, and the movements of gold did not change much, maintaining the movements within a sideways range that tends to be negative. On the technical side, we find gold prices are still stable below the pivotal resistance level published during the previous analysis, located at 1768, …
Read More »Gold is Facing Selling Pressure
Gold’s movements witnessed positive trading at the conclusion of the last week’s trading after it received a strong push to the upside as a result of the US dollar’s decline. We indicated during that trading above 1770 is able to thwart the bearish bias and lead gold to achieve gains …
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