Eventually, on Thursday, the commodity price managed to pass the resistance of the 1,950.00 mark and reach the 1,960.00 level. During Friday's trading hours, the price fluctuated between the 1,950.00 and 1,960.00 levels. In addition, the metal could be squeezed in between the support of the 55-hour SMA and the resistance of the 100-hour SMA. Economic Calendar Analysis The week will end with
Since the middle of Wednesday's GMT trading hours, the yellow metal's price has remained below the 1,950.00 mark. In addition, on Thursday, the price remained below the 1,940.00 level, which was strengthened by the 55-hour simple moving average. Economic Calendar Analysis On Thursday, the US Unemployment Claims data might affect the market. The release is scheduled to 12:30 GMT. The week will end with
The decline of the yellow metal's price from recent historical high levels eventually exceeded 10%. Namely, the metal declined from 2,075.93 to 1,863.50. During Wednesday's early trading hours, the commodity price reached the 1,950.00 mark, which stopped a recovery of the metal. Economic Calendar Analysis On Wednesday, the US Core CPI and CPI data will be released at 12:30 GMT. On Thursday, the US
The rate eventually broke the resistance of the 2035.00 level and reached the 2050.00 mark. However, the 2050.00 stopped the surge and caused a decline. By the middle of Tuesday's GMT trading the metal's price had reached below the 2000.00 level and shortly traded at 1985.00. Economic Calendar Analysis On Tuesday, the US Core PPI and PPI data are going to be released
Since Friday afternoon, the yellow metal's price had been testing the support of the 100-hour simple moving average. In the meantime, it could be observed that the 2035.00 level provided resistance. Economic Calendar Analysis The week ahead is going to be relatively calm on the economic calendar. Most of the events, that could impact the markets, are from the US. On Tuesday, the
The XAU/USD exchange rate reached the 2,070.00 level. It is likely that the rate could gain support from the monthly R1 at 2,058.09. Economic Calendar Analysis On Friday, the US Employment data set release could be in the spotlight. The release is scheduled to 12:30 GMT. The week ahead is going to be relatively calm on the economic calendar. Most of the events, that
The XAU/USD exchange rate raised to the monthly R1 at 2,058.09. If the given resistance holds, it is likely that a reversal south could occur. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Thursday, the US Unemployment Claims data is going to be published at 12:30 GMT. On Friday, the US Employment data set
The XAU/USD exchange rate exceeded the 2,000.00 level and skyrocketed to 2,040.00. It is likely that the price for gold could face the resistance formed by the monthly R1 at 2,056.09. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data is set to be issued at
The XAU/USD exchange rate broke the lower line of the rising wedge pattern. It is likely that gold could gain support from the 55- and 100-hour SMAs and appreciate against the US Dollar in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data
The XAU/USD exchange rate continued to trade within the rising wedge pattern. From a theoretical point of view, it is likely that a breakout south could occur in the nearest future. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing
The XAU/USD exchange rate revealed a rising wedge pattern. From a theoretical point of view, it is likely that the rate could trade within the given pattern in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing
The XAU/USD exchange rate failed to exceed the 1,970.00 level. Yellow metal could gain support from the 55-hour SMA and trade upwards in the short run. Economic Calendar Analysis On Thursday, pay attention to the US Advance GDP and the weekly US Unemployment Claims that should be published at 12:30 GMT. Click on the link below to find out more about the data
The XAU/USD exchange rate has been consolidating near 1,960.00 since Tuesday evening. Yellow metal could gain support from the 55-hour SMA and trade upwards in the short run. Economic Calendar Analysis Notable macroeconomic events are set to start with the biggest and most important of them all, the Federal Reserve is scheduled to make a Rate Statement and Rate Announcement on Wednesday,
The surge of the metal reached the 1,980.00 level. From this level the price began a decline, which on Tuesday reached the 1,910.00 level. During the decline, the pair passed the support of the 55-hour simple moving average, which did not manage to stop the decline. Economic Calendar Analysis Notable macroeconomic events are set to start with the biggest and most important of
Another new high level has been reached by the yellow metal, as the 1,945.00 mark was touched on Monday. In the near term future, the metal could reach for the psychological resistance of the 1,950.00 mark. However, the price has surged in a too sharp angle, which indicates that it could first consolidate by trading sideways. Economic Calendar Analysis Notable macroeconomic events are
On Friday, the yellow metal was making a second attempt to pass the resistance of the 1,898.50 mark. In theory, the rate could pass this level as soon as the 55-hour SMA comes closer to the commodity price. Economic Calendar Analysis There are no more notable events scheduled for this week. Next week, notable macroeconomic events are set to start with the biggest
The surge of the yellow metal continues, as it broke the resistance of the 1,860.00 level. By the middle of Thursday's GMT trading the rate had almost reached the 1,890.00 mark. In theory, the surge could continue to the historical high of 1,912.40. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
A new high level has been reached by the yellow metal. Namely, it has reached the resistance of a monthly pivot point at 1,861.50. On Wednesday, the commodity price was consolidating its gains and made attempts to pass the resistance. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the US Manufacturing and
The yellow metal's price continued to surge on Monday, as a second attempt to pass the 1,820.00 level succeeded. By the middle of Tuesday's GMT trading hours, the price had almost reached the 1,830.00 level. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the US Manufacturing and Service PMIs survey results are
On Monday, the yellow metal's price tested the resistance of the 1,820.00 level. The surge was started by the support of the 55 and 100-hour simple moving averages. In the near term future, the metal's price had a couple of possible future scenarios. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
The XAU/USD exchange rate re-tested the psychological level at 1,796.00. From a theoretical point if view, it is likely that the rate could trade downwards within the given trend. Economic Calendar Analysis Next week, there are only couple of events expected that could impact the XAU/USD rate. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
The XAU/USD exchange rate resumed to trade within the short-term descending channel. From a theoretical point if view, it is likely that the rate could trade downwards within the given trend. Economic Calendar Analysis On Thursday, there will be the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. For more information read the weekly event review article by clicking on
The XAU/USD exchange rate continued to decline within the short-term descending channel. From a theoretical point if view, it is likely that the rate could trade downwards within the given channel. Economic Calendar Analysis On Thursday, there will be the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. For more information read the weekly event review article by clicking on
The XAU/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that the rate could trade downwards within the given channel. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. The US CPI data sets have not caused notable moves. Normal volatility remains intact during the announcement. On Thursday, there will be the