The breakout of gold occurred on Monday, The metal passed the resistance of the 1,510.00 level. By the middle of Tuesday's trading the commodity price had already reached the 1,535.00 level. Economic Calendar Analysis During this week there are a couple of government macroeconomic data releases, which might cause sudden moves in the value of the USD. If the value of the USD
Gold's price still remains below the 1,510.00 level. On Monday, another attempt was about to be made to pass the resistance of this high level. Meanwhile, note that the commodity price made a retracement back down to the 1,490.00 level, during which the 100-hour simple moving average approached from below. Economic Calendar Analysis During this week there are a couple of government macroeconomic
Gold's price has remained below the 1,510.00 level, as the round level is providing psychological resistance. Meanwhile, note that the support of the 55-hour simple moving average has approached. It was providing notable support on Friday. Namely, the commodity price was no longer retracing down below the 1,500.00 level. Economic Calendar Analysis This week there will be no more data releases occurring, which
As expected, gold reached the 1,500.00 level on Wednesday. Moreover, during the second half of the day, the 1,510.00 mark was already touched. On Thursday, the commodity price was consolidating by trading sideways. Most likely the surge would resume, as soon as the hourly simple moving averages approach the price from below. Economic Calendar Analysis This week there will be no more data
On Wednesday, the surge of the yellow metal continued, as by the middle of the day, the 1,490.00 level was reached. Moreover, the commodity price had no technical resistance, which could stop it from the surge. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony
Yesterday, the price for gold reached the 1,475.00 level. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee commented: "The NMI registered 53.7 percent, which is 1.4 percentage points lower than the
The yellow metal has reached a new high level, as the initial strengthening of the USD passed and a sell off began on Thursday. The surge has reached the 1,450.00 level, where it met with a dominant patterns trend line and a monthly pivot point. Latest Fundamental Event Report The Federal Reserve released the Federal Funds Rate data, which came out in line
Gold dropped to the 1,405.00 level on Thursday, as the US Dollar was surging due to the announcement made by the head of the Federal Reserve. Namely, don't expect more rate cuts this year. The sharp decline of the metal's price was expected to consolidate by trading sideways or retracing back up on Thursday. Economic Calendar Analysis On Thursday, the ISM Manufacturing PMI
On Wednesday, the yellow metal traded in limbo around the 1,430.00 price level. In general, the metal's price was expected to trade sideways until the FOMC announcements at 18:00 GMT. Economic Calendar Analysis This week top attention will be paid to the US Federal Reserve's Federal Open Markets Committee announcements on Wednesday at 18:00 GMT. In general, the markets expect a US Dollar
On Tuesday, the yellow metal's price was testing the resistance of the 1,430.00 level. In general, the metal's price was expected to trade sideways until the Wednesday's FOMC announcements at 18:00 GMT. Economic Calendar Analysis This week top attention will be paid to the US Federal Reserve's Federal Open market Committee announcements on Wednesday at 18:00 GMT. In general, the markets expect a
On Thursday, the XAU/USD exchange rate tumbled to the 1,420.00 level. On Friday morning, the rate went up to the resistance level formed by the 55-, 100- and 200-hour SMAs, located circa 1,422.00.Economic Calendar Analysis at 12:00 GMT Current week will end with the US Advance GDP data release on Friday at 12:30 GMT. Click Here: Economic Calendar Overview 19/07 XAU/USD short-term forecast On
On Thursday, the yellow metal found support in the 55-hour simple moving average and by the middle of the day had surged to the 1,428.00 level. Economic Calendar Analysis On Thursday, the US Core Durable Goods Orders data will be published at 12:30 GMT. The week will end with the US Advance GDP data release on Friday at 12:30 GMT. Click Here: Economic
On Wednesday, the yellow metal continued to trade near the hourly simple moving averages above the 1,420.00 level. Economic Calendar Analysis at 12:00 GMT On Thursday, the US Core Durable Goods Orders data will be published at 12:30 GMT. The week will end with the US Advance GDP data release on Friday at 12:30 GMT. Click Here: Economic Calendar Overview 19/07 XAU/USD short-term forecast
During Tuesday morning, the price for gold was testing the lower boundary of the short-term ascending channel located circa 1,420.00. From a theoretical perspective, it is expected, that gold could reverse north and continue to appreciate against the US Dollar.Economic Calendar Analysis at 12:00 GMT On Thursday, the US Core Durable Goods Orders data will be published at 12:30 GMT. The week will
During Monday's morning, the price for gold was consolidating at the 1,425.00 level. Given, that the XAU/USD exchange rate is squeezed by 55- and 100-hour SMAs, it it likely, that it could trade sideways in the short term. Economic Calendar Analysis at 12:00 GMT On Thursday, the US Core Durable Goods Orders data will be published at 12:30 GMT. The week will end
Gold has reached a new high level. The 1,450.00 mark has been pierced. In general, most technical levels have been left behind. The metal's price faces only monthly pivot points. Next one on Friday morning was located at the 1,464.00 level. Moreover, the August 2013 high level has been pierced. Next historical level is the May 2013 level at 1,488.40. Economic Calendar Analysis
The support found in the 1,400.00 level was enough to cause a surge up to the 1,430.00 level. On Thursday, the yellow metal's price was declining after touching the 1,430.00 mark. By the middle of the day's London trading session, the commodity price was finding support in the 1,420.00 level. Economic Calendar Analysis Gold this week was affected only by one macroeconomic data
The yellow metal's price has declined below the hourly simple moving averages. Moreover, on Wednesday, gold almost touched the 1,400.00 level, as it was outlaid in the hourly chart's analysis second scenario on Tuesday. Economic Calendar Analysis Gold this week was affected only by one macroeconomic data release. Namely, the US Retail Sales and Core Retail Sales that were published on
On Tuesday, the yellow metal continued to trade in the previous day's trading range. The metal could be observed to be kept up by the technical support of the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis Gold prices this week can be affected by one data release. US Retail Sales will be published on Tuesday at 12:30 GMT. For more
The hourly simple moving averages managed to hold last week and caused a surge late on Friday. Although, the surge was stopped by the psychological resistance of the 1,420.00 level. In general, this level was expected to be tested again. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into
On Friday, gold remained near previous day's trading levels, as its decline was stopped by the 55, 100 and 200-hour simple moving averages near the 1,405.00 level. In general, the SMAs were expected to push the metal's price up. Latest Fundamental Event Report The Federal Reserve released the US FOMC Meeting Minutes data, where the US policymakers provide in-depth insights into the economic
Gold broke out to the upside out of the previously drawn triangle pattern. The surge was caused by a drop of the US Dollar. Namely, the announcement made to the US Congress by the head of the Federal Reserve revealed that rate cuts are upcoming. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data, which came
On Wednesday, the yellow metal was testing the resistance of the 55-hour simple moving average, which was located at midday at 1,396.35. In general, the commodity price was expected to get squeezed in between the SMA and a technical support level above the 1,385.00 level. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data, which came
The yellow metal declined, as forecast. Namely, the monthly pivot point just above the 1,385.00 level was reached on Tuesday. The decline was started, as previously forecast, by the resistance of the hourly simple moving averages. Latest Fundamental Event Report Bureau of Labor Statistics released the US ISM Non-Farm Employment Change data, which came out better-than-expected of 244K compared with the forecast of