The price for gold has moved higher and trades between the 1,975.00 and 1,985.00 levels. In general, it appears that the commodity waits for more events or economic data before ascending or declining in value. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI release at 14:00 GMT could cause a move in the US Dollar. On Wednesday, the US ADP
The price for gold has been ignoring the 50, 100 and 200-hour simple moving averages. Meanwhile, it has been respecting round price levels. Namely, the 1,960.00 and 1,975.00 levels have shown to be able to reverse the price's direction. Economic Calendar Analysis On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The
The price for gold appears to be consolidating near the 1,950.00 mark. However, at mid-day on Tuesday a surge of the price occurred up to the 50 and 100-hour simple moving averages near 1,965.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD.
The resistance of the 2,000.00 mark has held and caused another decline. By late Monday's trading hours, the commodity price had reached below 1,950.00. During the decline, the price ignored the support of the 50, 100 and 200-hour simple moving averages and the January and February high levels. Economic Calendar Analysis On Thursday, at 12:30 GMT, the publication of Final US quarterly
The yellow metal has once again reached the 2,000.00 mark. The market appears to have returned to risk off sentiment. Meanwhile, it has been spotted that the commodity faces a resistance zone at 2,000.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD.
Even prior to the US Federal Reserve rate hike, the price for gold broke the channel up pattern to the downside and retreated to 1,940.00. However, the US Federal Reserve rate hike and press conference resulted in an apparent recovery of the commodity price. By the middle of Thursday's European trading, the price had reached 1,980.00. Economic Calendar Analysis Next week, the
As the Credit Suisse saga continued, markets ran to safety. Due to this reason, the price for gold reached above 2,000.00. However, since the event, the price appears to be consolidating, as it waits for the US Federal Reserve rate announcement on Wednesday at 18:00 GMT. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the US Federal Reserve is set to hike
The price for gold has found support in the 1,915.00 level and the 50-hour simple moving average. The event was followed by a surge, which by the middle of Friday's trading had pierced the January high level at 1,949.00. Economic Calendar Analysis Next week, the top event of them all is set to take place. On Wednesday, at 18:00 GMT, the US
The crash of Credit Suisse stock price has caused a run to safety. On Gold charts it has resulted in a surge up to the 1,930.00 level. Economic Calendar Analysis This week, scheduled events are over. Next week, the top event of them all is set to take place. On Wednesday, at 18:00 GMT, the US Federal Reserve is set to hike its
The price for gold has surged above the 1,900.00 mark, as a run to safety occurred last week. At the start of this week, the commodity price was consolidating in the 1,895.00/1,915.00 range. The market appears to be waiting for additional fundamental information before moving up or down. Economic Calendar Analysis The top event of the week was the US Consumer Price
The price for gold has remained near the 1,870.00 level. Meanwhile, previous low and high level zones are being ignored. However, round price levels appear to be still impacting the commodity price. Economic Calendar Analysis The top event of the week will take place on Tuesday at 13:30 GMT. The US Consumer Price Inflation data will be published at that time. The
The price for gold was highly volatile during the recent interview of Jerome Powell. On Wednesday morning, the commodity price managed to reach above and confirm the 1,878.50/1,881.15 zone as support. Economic Calendar Analysis There are no close by scheduled events that might impact the value of the US Dollar and the price of gold. XAU/USD short-term forecast A move higher by the
The price for gold appears to be consolidating between two zones. The price has been between 1,860.00 and 1,880.00 since the Friday's fundamental drop, which was caused by the US monthly employment data. Economic Calendar Analysis There are no close by scheduled events that might impact the value of the US Dollar and the price of gold. XAU/USD short-term forecast A move above
Despite the mid-week boost of Jerome Powell to the price of gold, the commodity retraced back to 1,910.00 on Thursday. On Friday, the US high employment data caused a drop of the commodity. Gold clearly passed below the support zone at 1,900.00 and reached even below 1,880.00. Economic Calendar Analysis There are no close by scheduled events that might impact the value
The 1,900.00 range acted as support and caused a sharp retracement back up to the 1,930.00 level. The 1,930.00 has acted as resistance and keeps the commodity price down. Most likely, the price will remain near 1,930.00 until the US Federal Reserve makes a rate statement and the follow up press conference makes its impact. Economic Calendar Analysis On Wednesday, the ADP
The price of gold lost the support of the 1,920.00 level on Tuesday morning and sharply plummeted down to the support zone, which surrounds the 1,900.00 mark. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT, the Consumer Board Consumer Confidence index is set to reveal
It appears that market participants have taken profits from the commodity price's recent surge. The price has declined to trade at 1,920.00/1,935.00. Meanwhile, the metal has broken the support of various moving averages and the support trend line, which has guided it recently. Economic Calendar Analysis This week, various events will impact the markets. In general, fundamentals are set to impact the
At midnight to Thursday GMT time zone, the price for gold almost reached the 1,950.00 mark. However, resistance was encountered and a decline started. By mid-day, the price had reached below 1,935.00. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product
On Wednesday morning, the price for gold passed below the 50 and 100-hour simple moving averages, the lower trend line of a channel up pattern and the 1,930.00 mark. Essentially, the price had declined due to bouncing off a resistance zone at 1,939.30/1,942.30. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are
After consolidating and finding support at 1,910.00, the price for gold has surged and by mid-Tuesday the 1,940.00 mark was pierced. Next target for the surge was the 1,950.00 level. Economic Calendar Analysis On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30
The price for gold has returned to the support zone at 1,896.50/1,901.50. The support zone has held and keeps the price up. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages are failing to impact the commodity price. Economic Calendar Analysis Watch out for the incoming release of the European, UK and US Manufacturing and Services Purchasing Managers
The price for gold shortly reached below the 1,900.00 mark on Wednesday morning. The commodity price eventually started a recovery. Economic Calendar Analysis Watch out for the publication of the US Producer Price Index data on Wednesday at 13:30 GMT. The data will reveal inflation at the production level. In addition, the US Retail Sales data is set to be published together
The surge of gold has continued, as the resistance of the 1,900.00 mark was eventually passed and turned into support. This week, the price almost reached the 1,930.00 level, before retracing to look for support in the 1,910.00 level and the 50-hour simple moving average. Economic Calendar Analysis Watch out for the publication of the US Producer Price Index data on Wednesday
The United States Bureau of Labour statistics has just now released the latest Consumer Price Index data. The data reveals how the US inflation has changed during the last month. All data numbers hit the forecasts. Due to the event, the price for gold hit the 1,900.00 level. However, during the following hour the price retraced down to look for support