During Friday morning, the XAU/USD exchange rate was trading sideways in the 1,510.00 area. Economic Calendar Analysis This week, there are no scheduled events left, which could cause an increase of volatility in the XAU/USD pair. Next week, there are only three events that could affect the XAU/USD pair. On Tuesday, December 31, the US CB Consumer Confidence will be published at 15:00 GMT. On
During Monday, the price for gold jumped to the 1,484.00 level. Economic Calendar Analysis this week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, this week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 23.12-27.12 Event Historical Reactions XAU/USD short-term forecast During previous trading session,
The yellow metal continues to trade sideways. Moreover, it was expected that the price would continue to remain flat. Economic Calendar Analysis Next week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, next week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 23.12-27.12 Event Historical
Since finding support in the 200-hour SMA on Wednesday at 1,470.50, the yellow metal's price has traded almost flat. In general, the technical indicators were signaling that the bullion's price would continue to trade sideways. Economic Calendar Analysis This week, the pair could be impacted only by one data release. On Friday, the US Final GDP is set to be published at 13:30
On Wednesday, another attempt to pass the 1,480.00 level by gold had failed. At midday, it resulted ina decline down to the 200-hour simple moving average near 1,470.58 This event was followed by high volatility between 1,470.60 and 1,475.70. Economic Calendar Analysis This week, the pair could be impacted only by one data release. On Friday, the US Final GDP is set to
On Tuesday morning, gold once again touched the 1,480.00 level, which managed to hold and cause a decline to the 1,475.00 level. At the 1,475.00 level, the rate met with additional technical support, which it did not have on Monday. This event signaled that a surge of the metal could be expected. Economic Calendar Analysis This week, the pair could be impacted only
On Monday, the yellow metal's price was going upwards, supported by the monthly PP at 1,475.51. Given that the XAU/USD exchange rate is supported by the 55-, 100- and 200-hour moving averages, it is likely that bulls could prevail in the market in the short run. Economic Calendar Analysis This week, the pair could be impacted only by one data release. On Friday,
On Friday, the yellow metal's price was recovering after the Thursday decline. By the middle of the day's London trading hours, the metal had tested the resistance of the 1,475.50 level. US President Announces Trade Deal On Thursday, December 12, gold depreciated 1.22% or 1786 pips against the US Dollar. The drop was driven by an announcement made by the US President
On Thursday, US President Donald Trump tweeted on US-China trade deal, which caused a jump of the value of the US Dollar. As a result of this event, the price of gold first jumped above 1,485.00 and afterwards plummeted to 1,465.00. In the near term future, the price should consolidate, as the news are taken in by the market. Economic Calendar
On the first half of Wednesday, the XAU/USD exchange rate was testing the resistance formed by the 100- and 200-hour SMAs. If the given resistance holds, it is likely that yellow metal could consolidate against the US Dollar in the short run. Economic Calendar Analysis This week there are a couple of events that could impact the rate. On Wednesday, at 13:30
The support of the 1,460.00 level provided enough strength for the metal to break three technical resistance levels. By the middle of Tuesday's London trading, the commodity price was expected to reach the 1,470.00 level. At that level, the price should meet with the resistance of the 100-hour simple moving average, which is the last technical resistance before the 1,475.00
The yellow metal plummeted on Friday, as good US employment data caused a surge of the US Dollar's value. On Monday, the metal's price had slightly recovered and reached the resistance of the 200-hour simple moving average near 1,465.00. Economic Calendar Analysis This week there are a couple of events that could impact the rate. On Wednesday, at 13:30 GMT the
The metal failed to pass the resistance of the 1,480.00 level on Thursday. By the middle of Friday's trading, the price had declined and found support in the 100-hour SMA at 1,471.30. In general, the price was expected to get squeezed in between the resistance of the 55-hour SMA and a pivot point near 1,475.50 and the support of the
The yellow metal's price has retreated to the 55-hour SMA, which stopped its decline on Wednesday. By the middle of Thursday's trading session, the SMA had caused a surge. The metal's price was set to once again test the psychological resistance of round price levels. Economic Calendar Analysis On Friday, the US Employment data sets will be published at 13:30 GMT. The
The surge of gold ended on Wednesday, as it approached the 1,485.00 level. The end of the surge was followed by a drop to the 1,475.00 level, where the price began to consolidate. The metal had two possible near term future scenarios, based upon whether the 1,475.00 manages to continue to provide support. Fundamentals Crash US Dollar Since Monday, December 2,
Gold jumped on Tuesday, as this review was being written. The main reason for the surge was the fall of the US Dollar caused by EU-US trade dispute. Namely, the US retaliated against French digital tax by setting tariffs. The event was followed by an EU announcement that retaliation is upcoming. Meanwhile, from a technical perspective, the metal had no
By the middle of Monday's London trading session, the yellow metal had traded between 1,454.00 and 1,462.00. In general, the 1,454.00 level continued to support the metal. In the meantime, the rate was being kept down by the 200-hour SMA and a 23.60% Fibo just above the 1,462.00 mark. In the meantime, a channel up pattern has been spotted on the
The yellow metal's price has broken a channel down pattern. In addition, the resistances of the 55 and 100-hour simple moving averages were passed on Friday. Meanwhile, it was spotted that round price levels were having bigger impact on gold than the simple moving averages. Due to that reason it was more valuable to watch them. Economic Calendar Analysis This week there
On Thursday, the yellow metal's price remained near previous levels. Namely, it fluctuated between 1,454.00 and 1,458.00. From a technical perspective, the price was expected to reach the support of the 1,450.00 level, as soon as the 100-hour SMA approaches the metal's price from above. Economic Calendar Analysis This week there are no more data releases, which might impact this rate. Meanwhile,
Throughout the first half of Wednesday's trading, gold was kept up by the 55-hour SMA, which provided support. Just after midday, the metal's price declined below it, signaling a decline. In theory, in the near term future, the metal should decline to the psychological support of the 1,450.00 mark, which provided support on Tuesday. Economic Calendar Analysis This week there are no
On Tuesday, gold made an attempt to surge, which was stopped by the resistance of the 55-hour simple moving average near 1,460.17. The SMA was expected to push the rate into a test of the support of the 1,450.00 level. Economic Calendar Analysis The pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT, the US Durable Goods Orders,
By the middle of Friday's trading, the yellow metal had reached above the resistance of 55 and 100-hour simple moving averages near 1,470.00. In regards to the future, the metal had no resistance as high as the pivot point at 1,475.18. Economic Calendar Analysis Next week, the pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT on that
Since the middle of Wednesday's London trading hours, the yellow metal's price has fluctuated between 1,465.00 and 1,476.00. Economic Calendar Analysis There are no more scheduled data releases this week that might impact gold's price. The week's reaction tables have been published. Take a look at the 18.11-22.11 Event Historical Reactions publication. Read More: 18.11-22.11 Event Historical Reactions XAU/USD short-term forecast On
Gold reached its target at 1,475.18, where a monthly pivot point is located at. In addition, on Wednesday the rate passed this resistance and shortly reached above 1,478.00. By the middle of Wednesday's London trading hours, the commodity price was consolidating its gains by retracing downwards. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes are set to be published at 19:00