Gold has reached below 1,920.00 level's support. However, it has not yet approached further support levels. Economic Calendar Analysis On Friday, the top event of the week will take place. The United States will publish the monthly employment data at 12:30 GMT. The release will consist of the Average Hourly Earnings, Non-farm Employment Change and the Unemployment Rate. XAU/USD short-term forecast A decline
The price for an ounce of gold remains near levels that were reached during early Tuesday's trading. In general, the price fluctuates between 1,820.00 and 1,830.00. Meanwhile, it appears that the 50-hour simple moving average does not impact the rate. Economic Calendar Analysis On Thursday, minor action is expected from the US Unemployment Claims. On Friday, the top event of the week will
The price for gold eventually found resistance at 1,880.00, which was strong enough to cause a decline that passed below 1,860.00. On Tuesday, the commodity price had already reached the 1,820.00 mark. Economic Calendar Analysis On Wednesday, watch out for the ADP Non-Farm Employment Change at 12:15 GMT and the US ISM Services PMI at 14:00 GMT. On Thursday, minor action is
As it was speculated, the price for gold found support in a round price level. That level turned out to be the 1,860.00 level. The support was enough to cause a recovery up to the resistance of the 50-hour simple moving average and the 1,875.00 level. Economic Calendar Analysis This Friday, all attention will be on the US Core PCE Price Index
Gold has extended its decline. Moreover, it has broken the channel down pattern. By mid-Thursday it appeared that the commodity price could reach the 1,850.00 level. In general, the metal's price has not been this low since March. Economic Calendar Analysis On Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast
Gold has extended its decline. For a short period, the 1,900.00 mark held, but eventually the commodity declined as low as 1,890.00. Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast Next target for the price decline is the lower trend line of the channel down pattern.
The price for gold has passed below 1,915.00 and 1,910.25 levels. On Tuesday, the commodity price had reached the support zone below 1,905.00 Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast In the case of a recovery of the commodity the metal's price is set to
On Monday, the price for gold plummeted and hit the support of the 1,915.00 mark. Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast A move below 1,915.00 could result in the commodity price looking for support in the 1,910.25 level. Below this level take into account
The low level zone near 1,915.00 has provided enough support for the price for gold eventually reaching above the 1,920.00/1,923.00 range and the 50-hour simple moving average. However, the commodity appears to have started trade around the 1,925.00 mark. Economic Calendar Analysis This week, notable events are over. Due to this reason, the current momentum might remain intact. XAU/USD short-term forecast A recovery
The price for gold reached for the 1,915.00 mark, before starting a recovery. At mid-day on Thursday, the commodity price had reached above the 1,920.00/1,923.00 range and faced the 50-hour simple moving average. Economic Calendar Analysis This week, notable events are over. Due to this reason, the current momentum might remain intact. XAU/USD short-term forecast A resumption of the broader decline is expected
The price for gold has reacted to the surge of the US Dollar by extending its decline. On Tuesday, the commodity price was heading to the 1,925.00 mark. Economic Calendar Analysis Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable events scheduled that can impact the financial markets. XAU/USD short-term forecast In the
The decline of the metal's price has found support in the 100-hour simple moving average. Since finding support, up to mid-Monday, the rate fluctuated near the 1,940.00 level. Economic Calendar Analysis Watch the US ISM services PMI release on Wednesday at 14:00 GMT. Besides this release, there are no notable events scheduled that can impact the financial markets. XAU/USD short-term forecast In the
Gold has continued to test the 1,950.00 mark and the upper trend line of the channel up pattern. However, the release of the US monthly employment data strengthened the US Dollar on Friday at 12:30 GMT. The event resulted in the metal's price declining as low as 1,935.00 by 15:00 GMT. Economic Calendar Analysis Next week, watch the US ISM services PMI
The surge of the metal's price paused just before reaching the upper trend line of the channel up pattern. Since the event, the commodity price has been consolidating just above the support of the 1,935.00 level. In general, forecasts remain unchanged. Economic Calendar Analysis On Wednesday, the US ADP Non-farm Employment Change number could impact the US Dollar's value at 12:15 GMT.
Despite breaking above the 1,920.25/1,923.00 range, the price for gold has not booked major gains, as it encountered resistance in 1,925.00. The resistance was enough to cause a decline of the commodity. By mid-Tuesday, the price had pierced the 50 and 100-hour simple moving averages and touched the 1,915.00 mark. At 14:00 GMT, the Job Openings and Labor Turnover Survey results
The speech by Jerome Powell at Jackson Hole symposium created major volatility. The price for gold fluctuated between the support of the 1,902.50/1,905.00 zone and resistance of the 1,920.25/1,923.00 range. On Monday, the price was located near 1,915.00 and appeared to be consolidating before another test of the mentioned resistance range. Economic Calendar Analysis This week, on Tuesday the CB Consumer Confidence
The breaking of the 1,905.00 level's resistance resulted in a surge to the 1,920.00 level and the 1,920.25/1,923.00 range's resistance. By late Thursday's trading, the resistance continued to hold. Economic Calendar Analysis On Friday, the top event of the week is set to take place, as the head of the Federal Reserve, Chairman Powell, is set to give a speech on monetary
At mid-day on Wednesday, the price for gold managed to break the resistance of the 1,902.50/1,905.00 range. The move occurred with the support of the 200-hour simple moving average. A previous attempt failed due to the SMA acting as resistance and strengthening the mentioned range. On Wednesday, the SMA moved outside the range and below the price. Economic Calendar Analysis On Friday,
The price for gold found support in the 1,885.00 level and started a recovery. On Tuesday, the recovery reached above 1,900.00. However, resistance was encountered in the combination of the 1,902.50/1,905.00 range and the 200-hour simple moving average. Economic Calendar Analysis On Wednesday, at 13:45 GMT, the US PMIs are scheduled to be released and could impact all of financial markets. On Friday,
The price for gold has continued to decline, as support levels turn into resistance and new low levels are reached. On Tuesday, the commodity shortly traded below the 1,900.00 mark. However, support was found in the lower trend line of the broader channel down pattern. Economic Calendar Analysis This week, watch out for the US Federal Reserve Federal Open Market Committee Meeting
Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months. Gold reacted to the news with a breaking of the resistance of the 1,920.30/1,922.60 range and the 50-hour simple moving average and hitting
The price for gold has passed below the 1,930.00/1,932.25 range. Moreover, the previous support has turned into resistance. On Wednesday, the price was facing the 1,930.00/1,932.25 zone's and the 50-hour simple moving average's resistance. Meanwhile, support was found in the 1,925.00 level and the 1,920.30/1,922.60 range. Economic Calendar Analysis Watch out for the US Consumer Price Index at 12:30 GMT, on Thursday.
By mid-Tuesday, the situation on gold charts remained unchanged, as the commodity price continued to trade above the 1,930.00/1,932.25 range. Economic Calendar Analysis Watch out for the US Consumer Price Index at 12:30 GMT, on Thursday. The inflation data will reveal whether the Fed is managing to fight inflation or not. On August 11, the markets will look at the US Producer
The price for gold pierced the support range at 1,930.00/1,932.25 and touched the 1,925.00 level during the US release of monthly employment data. However, after the markets took in the news, it surged to the combined resistance of the 1,945.00 mark and the 100-hour simple moving average. By mid-Monday, the rate had declined back to the mentioned support range. Economic Calendar