The XAU/USD exchange rate failed to surpass the psychological level at 1,810.00. During Monday morning, the rate resumed to test the given level. 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 publication of the US Retail
The yellow metal failed to pass the resistance of the 1,815.00 level on Thursday. The commodity price retreated and on Friday found support in the 100-hour simple moving average at 1,795.90. This event resulted in a surge, which was set to result in another test of the mentioned 1,815.00 resistance level. Economic Calendar Analysis On Friday, the US Producer Price Index and US
The resistance line of the 2019 and 2020 high levels has been broken, the yellow metal's price has reached a new high level. Namely, the surge was stopped by the resistance of the 1,815.00 price level. On Thursday, the commodity price was trading sideways, as it consolidated its gains and awaited for the support of the hourly simple moving averages. Economic Calendar
The yellow metal has broken the resistance of the 1,785.00/1,790.00 resistance zone in a sharp swing move upwards. The swing was stopped by the upper trend line of a rising wedge pattern on the hourly candle chart and the 2019 and 2020 high level connecting line on the daily candle chart. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment
The yellow metal failed at the attempt to pass the resistance zone of the 1,785.00 and 1,790.00 levels. On Tuesday, the rate declined and reached the 1,775.00 level, which was about to be supported by the 200-hour simple moving averages. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above average
On Monday, the metal's price began a surge. The surge was caused by the support of the 200-hour simple moving average. By the middle of Monday's GMT trading hours, the currency exchange rate had reached the 1,785.00 level. Economic Calendar Analysis During the week, notable macroeconomic data releases are set to start on Monday at 14:00 GMT. The US ISM Non-Manufacturing PMI
On Thursday, the yellow metal's price suddenly plummeted and then immediately returned to the previous level. This event was caused by the release of the US employment data. On Friday, the rate traded in limbo near the 55 and 100-hour simple moving averages. US Unemployment data The Bureau of Labor Statistics released the US ADP Unemployment Rate data, which came out better-than-expected of
After almost touching the 1,790.00 mark, the yellow metal's price dropped down to 1,760.00. With it, the price pierced the channel up pattern. In addition, during the decline the commodity removed its overbought pressure, as it retreated down to the 200-hour simple moving average. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
On Wednesday morning, the yellow metal reached a new high level, as it almost touched the 1,790.00 mark. By mid-day the commodity price had retreated and looked for support to resume the surge in the 55-hour simple moving average near 1,775.00. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At
At mid-day on Tuesday, the yellow metal's price bounced off the resistance of the pivot point at 1,773.62 and passed the support of two hourly simple moving averages. In theory, the commodity should look for support in the lower trend line of the previously described channel up pattern. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to
The metal's squeeze between the hourly simple moving averages ended with a sharp drop to the lower trend line of a channel down pattern below the 1,750.00 mark. The rate bounced off the trend line and began a surge, which was stopped by the resistance of a monthly pivot point at 1,773.62. Economic Calendar Analysis The main scheduled macroeconomic data release of the
On Friday, the yellow metal's price got squeezed in between the resistance of the 55-hour SMA and the support of the 100-hour SMA. In the near term future the pair was expected to trade sideways until a breaking of one of the simple moving averages occurs. Economic Calendar Analysis There are no more events scheduled for this week that could impact the yellow
The yellow metal's price has touched the 1,780.00 level. It is likely that the XAU/USD exchange rate could gain support from the 100-hour moving average and trade upwards in the short run. Economic Calendar Analysis In regards to the metal's price during the week, there are a couple of scheduled macroeconomic data releases that could impact it. Today, macroeconomic data set release from the
The yellow metal's price has broken the resistance of the 1,740.00/1,745.00 zone. Moreover, on Monday, the zone began to provide support to the commodity price. In regards to the future, the metal is expected to either trade sideways or surge. Economic Calendar Analysis In regards to the metal's price during the week, there are a couple of scheduled macroeconomic data releases that could
On Thursday, the XAU/USD exchange rate re-tested the lower line of the medium-term ascending channel. From a theoretical perspective, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis In regards to the metal's price during next week, there are a couple of scheduled macroeconomic data releases that could impact it. On Tuesday, the US Flash Manufacturing PMI survey
On Wednesday, the XAU/USD exchange rate revealed a medium-term ascending channel, as it tested its lower line at 1,715.00. From a theoretical perspective, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis In regards to the metal's price during current week, there are a couple of scheduled macroeconomic data releases that could impact it. Today, the US Unemployment
On Tuesday, the XAU/USD exchange rate tried to exceed the resistance formed by the 55- and 100-hour SMAs near 1,727.00. During Wednesday morning, the rate reversed south and pierced the 200-hour SMA. Economic Calendar Analysis In regards to the metal's price during current week, there are a couple of scheduled macroeconomic data releases that could impact it. On Thursday, the US Unemployment Claims at
On Tuesday, the yellow metal's price had surged above the support of various technical levels located from 1,720.00 to 1,730.00. If these levels manage to provide support, another attempt to pass the resistance of the 1,740.00/1,745.00 zone could occur. Economic Calendar Analysis In regards to the metal's price during current week, there are a couple of scheduled macroeconomic data releases that could impact
On Friday, the yellow metal failed to exceed the 1,745.00 level. During Monday morning, the XAU/USD exchange rate was testing the support provided by the 200-hour moving average. Economic Calendar Analysis In regards to the metal's price during current week, there are a couple of scheduled macroeconomic data releases that could impact it. First of all, note the US Retail Sales on Tuesday
On Friday, the yellow metal continued to trade near the previous day's trading levels. Namely, the pair remained between 1,720 and 1740.00 levels. However, take into account that the commodity price managed to shortly pass the 1,740.00 level and touch the 1,745.00 mark. Economic Calendar Analysis In regards to the metal's price during next week, there are a couple of scheduled macroeconomic data
On Wednesday, it was stated that a possible metal's surge would stop at the 1,740.00 level. It occurred and resulted in a decline, which by the middle of Thursday's trading had retreated to technical supports at 1,720.00. Future forecasts were based upon what would happen at the 1,720.00 price level. Economic Calendar Analysis Economic calendars show the US PPI and Unemployment Claims on
At mid-day on Wednesday, the yellow metal pierced technical resistance at 1,722.00 and immediately reached for the 1,725.00 level. Moreover, the metal no longer had any technical resistance as high as 1,773.62. However, it does not mean that a surge is about to occur, as a major Federal Reserve is scheduled for 18:00 GMT. Economic Calendar Analysis At 18:00 GMT the US Federal
The recovery of the yellow metal's price continued to recover on Tuesday. During the recovery, it passed the resistance of the 55 and 100-hour simple moving averages and the 1,700.00 mark. Economic Calendar Analysis During the week, the action on the economic calendars will start and most likely end on Wednesday. At 18:00 GMT the US Federal Reserve is scheduled to make
Gold's decline stopped at the 1,675.00 level. From that level the commodity price began a recovery. By the middle of Monday's GMT trading the metal had reached above the 1,695.00 mark. Previously, a drop was caused by the Bureau of Labor Statistics release of the US Non-Farm Employment Change data, which came out better-than-expected of 2509K compared with the forecast of