In the aftermath of the US CPI release, the price for Gold plummeted and reached the 1,655.00 level, which acted as support. Afterwards, a recovery to the resistance of the 1,680.00 level followed. On Monday, the price traded near the support of the 1,660.00 level and the resistance of the 50-hour simple moving average near 1,667.00. Economic Calendar Analysis This week, the
The price for gold remains in the range near the 1,720.00 level. On Monday morning, the pair bounced off the support of the 100 and 200-hour simple moving averages and started a surge. Prior to the event, the commodity price broke the support of the ascending channel pattern, which guided the last week's recovery. Economic Calendar Analysis On Tuesday, the US Consumer
The price for gold has been highly volatile, as it plummeted at mid-day on Thursday due to the ECB rate hike. However, the price found support in the 1,705.00 level and started a recovery. By the middle of Friday's European trading hours, the commodity price had reached the 1,730.00 level. Economic Calendar Analysis On Tuesday, the US Consumer Price Index and Core
The support of the 1,688.65/1,692.90 zone was enough to cause a surge of the commodity price to the 1,720.00 mark. During Thursday's European morning hours, the price was piercing the round price level. Economic Calendar Analysis This week, notable scheduled events are over. Next week's review is set to be done on Friday. XAU/USD short-term forecast A move of the price higher might
The price for gold has once again retreated below the 1,700.00 mark. Meanwhile, by the middle of Wednesday's trading, it was spotted that support is being found in the 1,688.65/1,692.90 zone. However, resistance appeared to be provided by the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, notable scheduled events are over. Next week's review is set to be
On Tuesday morning, the price for gold shortly reached above the 1,725.00 mark and touched the resistance of the 200-hour simple moving average. The resistance appeared to be enough to force the pair into sideways trading near the 1,720.00 level. Economic Calendar Analysis This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the
The recovery of the price for gold hit resistance in the form of the 100-hour simple moving average near the 1,715.00 mark. During the first half of Monday's trading, the price was still kept down by the SMA. Economic Calendar Analysis This week, on Tuesday at 14:00 GMT, the US Institute for Supply Management Purchasing Managers Index could impact the financial markets
On Thursday, the price for gold reached below the 1,700.00 mark and hit the 1,690.00 level, which acted as support. By 09:30 GMT, the price had recovered and broken the upper trend line of the channel down pattern and the 50-hour simple moving average. Economic Calendar Analysis The top event of the week is scheduled for Friday, at 12:30 GMT. At that
The descending channel's resistance line held and the price for gold has declined below the 1,710.00/1,715.00 zone. By the middle of Thursday's European trading hours, the commodity had reached the 1,700.00 mark. The round price level provided support, as it was expected. Economic Calendar Analysis On Thursday, at 14:00 GMT, the US ISM Manufacturing Purchasing Managers Index could cause a market adjustment. The
The price for gold has hit the 1,710.00/1,715.00 zone, as the 50-hour simple moving average has provided enough resistance for the commodity price to decline. In the meantime, it was spotted that the price has been declining in a channel down pattern since August 25. At mid-day on Wednesday, the support zone held and a recovery approached the combination of
The support of the 1,720.00 mark was enough to cause a retracement back up to the 1,740.00/1,745.00 levels and the 50-hour simple moving average. On Tuesday morning, the 50-hour SMA was pushing the price down, as by 07:30 GMT the price had reached 1,730.00. Economic Calendar Analysis This week, on Tuesday the release of the US CB Consumer Confidence and JOLTS Job
The Friday's Jackson Hole central banker meeting has added more force to the ongoing decline of the price for gold. On Monday morning, as the markets opened, the price reached the 1,720.00 level, which appeared to be acting as support. Economic Calendar Analysis This week, on Tuesday the release of the US CB Consumer Confidence and JOLTS Job Openings data at 14:00
The price for gold passed the 1,745.00/1,755.00 zone at midnight to Thursday GMT hours. During the European morning hours, the price extended its recovery and reached the 1,765.00 level. In general, the move was attributed to a broad weakness of the US Dollar. Economic Calendar Analysis On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause a
By once again finding support in the 1,730.00 level, the price for gold has managed to break the resistance of the 50-hour simple moving average. It resulted in a surge into the 1,745.00/1,755.00 zone. During the morning hours of Wednesday, the price appeared to be heading to the 1,755.00 level. Economic Calendar Analysis On Thursday, at 12:30 GMT the US quarterly Preliminary
The price for gold has found support in the 1,730.00 level and recovered. By the middle of Tuesday's European trading hours, the price had reached the resistance of the 50-hour simple moving average near 1,742.50. Economic Calendar Analysis At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday,
On Monday morning, the price for gold passed below the 1,745.00/1,755.00 zone. By the middle of the day, the rate had reached the 1,730.00 level. Economic Calendar Analysis At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar. On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is
At mid-day on Wednesday, the price for Gold reached the 1,765.00 level, which was marked on the chart due to acting as support on August 5. Economic Calendar Analysis At 18:00 GMT on Wednesday, the US Federal Reserve Meeting Minutes are bound to be published. The details included in the document might be the reason for a USD move. XAU/USD short-term forecast
Since the middle of Monday's trading up to mid-Tuesday, the price for gold made attempts at passing the combined resistance of the 1,785.00 mark, the 1,785.00/1,788.00 zone and the 50, 100 and 200-hour simple moving averages. At mid-day on Tuesday, it appeared that the metal had failed, as it declined below 1,775.00. In general, future scenarios remain unchanged. Economic Calendar Analysis On Wednesday,
The price for gold started the week with a decline below the 1,785.00 level and the zone which captures last week's low levels, and the 200-hour simple moving average. By the middle of the day's European trading, the commodity price had reached the 1,775.00 level. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data
The price for gold appears to be waiting for the US inflation data releases that are scheduled for this week on Wednesday at 12:30 GMT and Thursday at 12:30 GMT. During Tuesday's trading hours, the price of the commodity fluctuated around the 1,790.00 mark. Economic Calendar Analysis This week, the top event for all markets will be the US Consumer Price Index
The better than expected US Employment data caused a drop of the price for gold below the support zone at 1,771.30/1,773.10. However, after two hours, the commodity price recovered above the zone and started to use it as support. On Monday, the price started a broad recovery and reached as high as the 1,790.00 level. Economic Calendar Analysis This week, the top
The price for gold has reached above the 1,784.40/1,788.70 zone. Afterwards, resistance was found in the 1,795.00 mark. On Friday morning, the commodity price was finding support in the previous resistance zone, as the 1,788.70 level appeared to be keeping the price up. Economic Calendar Analysis On Friday, one of the top events of the month will take place. At 12:30 GMT,
The 1,745.00/1,755.00 zone provided enough support to the price to gold for a broad recovery. By 13:30 GMT, the price had managed to reach and bounce off the resistance zone at 1,784.40/1,788.70. Economic Calendar Analysis On Friday, one of the top events of the month will take place. At 12:30 GMT, the US employment data sets are scheduled to be released. The
On Tuesday, the price for gold eventually reached above the 1,785.00 mark and the 1,786.65 level. However, the short piercing of the resistance levels was followed up by a decline to the 1,755.00 level, which acted as support and caused a minor recovery. By the middle of the day's European trading hours, the commodity price's recovery had found resistance in