Tag Archives: metals

The technical outlook remains unchanged, and gold’s movements have not changed significantly, maintaining the bearish bias, stable below the 1850 resistance level. Technically speaking, and with a closer look at the 240-minute chart, the signs of negativity are still dominating the stochastic, and this comes in conjunction with the RSI …

The pivotal resistance levels published during the previous analysis located at the price of 1870, which we indicated as the key to protecting the bearish trend, succeeded in limiting the upward bias, forcing gold prices again to trade negatively towards the second required target of 1843, posting its lowest price …

We were standing on the fence during the previous trading session due to the importance of the current trading levels for the general trend in the short term. Technically speaking, gold prices collided with the pivotal resistance published during the previous analysis, 1870, which we indicated as the key to …

Gold prices achieved a remarkable rise during the previous trading session after finding a solid support floor near 1828. It is noticed that we indicated in the last analysis that stability above 1848 leads gold to complete the bullish correction with the aim of retesting the previously broken support-into-resistance 1857/1860 …

Gold prices succeeded in touching the first required target in the last trading sessions of last week at 1847 within the upward correction move within the downside. Technically, given at the 60-minute interval chart, we find the resistance level of 1847 that represents an obstacle for the price to complete …

Positive attempts to gold prices succeeded in achieving the bullish correction scenario within the bearish trend heading for re-test the pivotal resistance level located at 1837, posting high at 1844. Technically speaking, by looking at 4-hour chart, we see gold has succeeded in stabilizing intraday above the level of 1826, …

We committed to the intraday neutrality during the previous analysis, although we tend to the positivity, indicating that we are waiting to confirm the breach of the resistance level of 1817, which is a catalyst factor that enhances the chances of the rise to be the next leg of 1837, …

Gold prices were able to achieve gains during the previous trading session, as part of a technical outlook for the simple upward correction within the downward trend indicated in the previous analysis, touching our required corrective target of 1800 to reach its highest level at 1817. Technically speaking, and by …

Negative trading dominated gold prices with the opening of the first weekly trading to record its lowest level at 1764. Technically, by looking at the 4-hour chart, the pair found support floor around 1965 as we find on the short timeframe that RSI is starting to get positive signals. From …

Heavy selling continues to control gold prices within a short-term downward correction trend touching the target to be achieved last Friday 1787, posting its lowest transactions with the opening of the current week’s trading in 1764 early this week. On the technical side, and by looking at the chart at …