The price for gold once again tested the support of the zone below 1,810.00 level during late Tuesday's trading hours. By the middle of Wednesday's trading, the price had recovered and returned to 1,835.00. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US
The price for gold eventually reached below the 1,825.00/1,830.00 zone. However, by the end of Monday's trading the pair had found support in the 1,810.00 mark and recovered to 1,830.00. Economic Calendar Analysis On Wednesday, the US Retail Sales and Core Retail Sales is bound to impact the USD value at 12:30 GMT. The top event of the month is scheduled for Wednesday's
The surge of the US Consumer Price Index on Friday ended at the 1,870.00/1,880.00 zone. Note that the 1,880.00 level acted as resistance and a decline started, as this week's trading began. At mid-day European trading hours, the commodity price found support in the combination of the 1,850.00 level and the 50, 100 and 200-hour simple moving averages. Economic Calendar Analysis On
The price of gold continued to trade around the 1,850.00 mark until a minor decline started at mid-day on Thursday. The decline occurred, as the US Dollar strengthened during the early hours of US trading. Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. XAU/USD
Throughout this week, the price for gold has fluctuated in the 1,837.00/1,858.00 zone. On Wednesday, the price was mostly fluctuating in the 1,845.00/1,855.00 range. Namely, the price bounced around the 1,850.00 mark in a ten USD range. Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of
Since declining on Friday, the price for gold has fluctuated around the 1,850.00 level. Meanwhile, the price was slightly impacted by the 100 and 200-hour simple moving averages. In general, previous forecasts remain unchanged Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. XAU/USD short-term
On Thursday, the price for gold managed to reach above the 1,865.00/1,870.00 resistance zone. However, even before reaching the 1,875.00 level, the price started to decline. On Friday, the price had found support in the 50-hour simple moving average near 1,857.00. Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets
On Wednesday morning, the price for gold reached below the support zone of the mid-May low and high levels at 1,832.50/1,835.80. However, at mid-day the decline got exhausted, as a surge occurred. The rate quickly reached the 1,850.00 mark and the three hourly simple moving averages. Economic Calendar Analysis On Thursday, minor USD moves could occur due to the ADP Non-Farm Employment
On Monday morning, the price for gold found support in the 1,850.00 mark and shortly surged above the 1,860.00 level. However, by the middle of the day's European trading hours, the commodity price had declined and looked for support in the 50 and 100-hour simple moving averages. Economic Calendar Analysis This week, traders will be initially looking at the ISM Manufacturing Purchasing
On Thursday, the price for gold found support in the 1,840.90/1,842.15 zone and started a recovery. During the day's trading, the price was encountering resistance in the 50 and 100-hour simple moving averages. On Friday morning, the pair reached above the moving averages and, at the time of writing, was surging. Economic Calendar Analysis This week's notable events are over. Next week, the
Despite initially holding, the lower trend line of the post May 16 channel up pattern failed to provide enough support on Thursday morning. By the middle of the day's European trading hours, the price for gold had not only passed below the trend line, but also confirmed it as resistance. The trend line was acting as resistance together with the
The price for gold reached the 1,870.00 level during Tuesday's trading hours. Afterwards, a decline started. During the early hours of Wednesday's US trading, the price was looking for support in the 1,850.00 level. Meanwhile, Dukascopy Analytics marked on the chart the channel up pattern, which has guided the commodity price from the May 16 low level. Economic Calendar Analysis On Wednesday, the
The price for gold has found support in the 50-hour simple moving average. By the middle of Tuesday's trading hours, the SMA had stopped three declines of the metal's price. Economic Calendar Analysis On Wednesday, the rate is bound to move due to the release of the Federal Open Market Committee Meeting Minutes at 18:00 GMT. On Thursday, the US quarterly Preliminary GDP
Gold has managed not only to break the descending channel up pattern and the 1,850.00 mark, but also has confirmed both as support. By the middle of Monday's trading hours, the commodity price had reached the 1,865.00 level. At mid-day, the price appeared to be consolidating by retracing downwards. Economic Calendar Analysis On Wednesday, the rate is bound to move due to
Despite reaching below the 1,810.00 level, the price for gold did not decline. The commodity found support in the 1,807.50 level and recovered to 1,825.00, which acted as resistance. On Thursday morning, the price once again found support in the 1,810.00 level and started a surge that had reached above 1,825.00, by 09:30 GMT. Economic Calendar Analysis This week, notable events are
At mid-day on Tuesday, the resistance of the 1,835.00 level was enough to start a decline of the price for gold. By the middle of Wednesday's trading, the price had reached the 1,810.00 level and was making its second attempt at finding support in it. Economic Calendar Analysis This week, notable events are over. Next week's review is scheduled to be published
The recovery of the price for gold shortly traded above the 1,830.00 mark at mid-day on Tuesday. An ongoing recovery of the commodity had broken the junior channel down pattern's resistance together with two simple moving averages and the 1,810.00/1,817.40 zone. Economic Calendar Analysis This week, notable events are over. Next week's review is scheduled to be published on Monday. XAU/USD short-term forecast
On Monday, the price for gold continued to decline, as the commodity price reached the lower trend line of the channel down pattern, which has guided the metal down since April 18. In addition, it was spotted that the price has been in a smaller scale descending pattern since May 5. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Retail
At mid-day on Friday, the price for Gold touched the 1,800.00 level, which acted as support and caused a recovery up to 1,820.00. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to make purchases in the market. To see
Since the US Consumer Price Index release volatility decreased, the price for gold has been fluctuating between the 1,850.00 and 1,858.50 level. However, by the middle of Thursday's European trading hours, the price slightly declined, as it reached and found support at 1,845.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, US Producer Price Index and Core Producer Price Index data will
Already prior to the US Consumer Price Index release on Wednesday at 12:30 GMT, the price for hold broke the descending channel pattern by surging and passing the pattern's upper trend line. Afterwards, the price was testing the resistance of the 1,850.60/1,854.50 zone. During the CPI release, the price plummeted, before recovering and shortly trading above 1,854.50. Economic Calendar Analysis On Thursday,
As forecast on Monday, the price for gold has reached the support zone at 1,850.60/1,854.50. The support zone held and caused a retracement back up to the 1,865.00 level and the upper trend line of the descending channel pattern. Economic Calendar Analysis During the week, most attention will be put on the US Consumer Price Index and Producer Price Index data. The
On Friday, gold bounced off the 1,890.00 mark and started a decline. During the second part of Monday's trading, the price had already reached below the 1,860.00 level. In the near term future, a continuation of the decline could look for support in the May low level zone at 1,850.60/1,854.50. Economic Calendar Analysis During the week, most attention will be put on
The resistance of the 1,910.00 mark was enough to force the yellow metal's price into a decline, which shortly pierced the 1,870.00 level, before starting a recovery. However, by late Friday's trading hours, the price did not manage to reach not only above the 1,900.00 mark, but also the 1,895.00 level. Economic Calendar Analysis During the week, most attention will be put