Positive trading dominated gold prices during the previous session, nullifying the negative outlook as we expected and touching the stop-loss order published in the previous analysis at 1780, and to remind us, we indicated during the previous analysis that the confirmation of the breach of the 1780 level is capable …
Read More »Gold Touches Target And Retest of The Support Still Intact
Gold prices faced negative pressure as we expected during the previous analysis, touching our first target at 1765, recording the lowest price of 1763. Technically speaking, and by looking at the 60-minute chart, we find that the RSI indicator began to gradually lose the bullish momentum, accompanied by the obvious …
Read More »Gold Touches Target And Retest of The Support Still Intact
Gold prices were able to continue achieving gains, as we expected during the previous trading session, approaching a few points difference from the first official leg located at 1794, to record its highest level of 1790. Technically, and with a closer look at the 60-minute chart, we find that the …
Read More »Gold Continues to Rise
Gold prices succeeded in achieving the positive outlook, as we expected in the previous analysis, touching the first official stop at the price of 1777 and approaching a few points from the legal target of 1790, to settle for recording its highest level of 1783. On the technical side today, …
Read More »Gold Continue to Recover And Positivity Remains
Gold prices rose significantly, nullifying the negative outlook, as we expected during the previous analysis, touching the stop-loss order published during the previous analysis at the price of 1750. Offsetting the losses of the sell position. On the technical side, today the intraday moves in gold are witnessing stability above …
Read More »Gold Faces Strong Resistance
The yellow metal prices failed to surpass the level of the pivotal resistance published during the previous analysis, located at 1749, which forced gold to trade negatively again, to re-test the 1730 support level. On the technical side, trading remaining below the aforementioned resistance increases the possibility that we will …
Read More »Gold Retest Resistance And Positivity Remains
Gold prices found a solid support floor around 1723, which forced the price to rally up again to retest the 1747 resistance level. On the technical side today, and by looking at the 4-hour chart, we find gold succeeded in stabilizing intraday above 1736, and we see the 50-day moving …
Read More »Gold Continues Its Gradual Decline
Gold prices succeeded in achieving the first target required to be touched in the previous analysis, located at a price of 1727, recording its lowest price of 1727. On the technical side today, and with a closer look at the chart at a 240-chart, we find negative signs still dominating …
Read More »Gold Kicks in on The Downside
Gold prices started their first weekly session with a bearish bias, as a result of hitting the resistance level 1758, in order for the current moves to stabilize below the aforementioned level. Technically speaking, the clear signs of negativity on Stochastic support the occurrence of a bearish bias during the …
Read More »Gold Continues to Recover
Gold prices managed to achieve the first target required to be touched during the previous analysis, located at 1754, to record its highest level, 1758. Technically, and with a closer look at the 4-hour chart, we find the simple moving averages continue to hold the price from below, and the …
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