We committed to the intraday neutrality during the previous analysis, indicating that we are waiting to confirm the breach of the resistance level of 1845, to enhance the chances of a bullish move towards our first awaited target of 1851, Posting Highest price during the last session at 1855. Technically …
Read More »Gold Needs Careful Consideration
Gold prices witnessed a gradual rise to the upside after it succeeded in confirming the breach of the strong resistance at 1820, which is close to our awaited target of 1551, to settle for recording its highest level during the last session of 1848. Technically speaking, we find gold is …
Read More »Gold Needs Careful Consideration
Gold prices rose significantly to compensate part of the losses last week, touching the stop-loss order published in the previous analysis at 1820, we have indicated that any attempts to breach 1820 are able to postpone the bearish trend and lead the price to an upward path, its initial target …
Read More »Gold in Limited Positivity
The yellow metal prices suffered heavy losses during the trading week ending in the bearish path, as we expected, in which we depended on the stability of confirming the breach of 1852, recording its lowest level at 1785. On the technical side, the current moves are witnessing a bullish rebound, …
Read More »Gold Give up Against US Dollar, Eyes on Employment Numbers
Gold prices incurred heavy losses during the previous trading session within the expected bearish path mentioned in daily analysis, touching the third official leg 1800, recording the lowest price of 1785. On the technical side today, and with a closer look at the 240-minute chart, we find the 50-day simple …
Read More »Gold Touches Targets
Gold prices continue to gradually crawl to the downside within the expected bearish path, in which we relied on confirming the breach of the 1851 level, approaching our third awaited target of 1817, to record its lowest price during early trading for the current session 1822. On the technical side, …
Read More »Gold Losing Momentum
The yellow metal suffered big losses during the previous trading session within the expected bearish path, confirming that the breach of 1851 increases and accelerates the strength of the bearish trend, heading towards touching our official target of 1828. On the technical side today, and by looking at the 240-minute …
Read More »Gold Falling Softly
Positive attempts have seen for yellow metal during the previous trading session, but there are still limited attempts to hit the price of the resistance level published in the previous analysis located at the price of 1871, which we clarified as the key to protecting the downside movement. Technically speaking, …
Read More »Gold Looking For Trend
The yellow metal prices started their first weekly trading on a slight upward bias, benefiting from building on the ground of the support 1851, which is near its highest level during the early trading of the current session around 1861. On the technical side, today the 50 day moving average …
Read More »Gold Continues to Achieve Descending Targets
Gold prices succeeded in achieving the expected negative outlook during the last analysis, located at the price of 1838, to record its lowest price during the previous session in 1831. On the technical side, and by looking at the chart at a 240-minute chart, we notice that the price continues …
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