Gold has retreated and found support in the hourly simple moving averages near the 1,465.00 level. At the start of the second part of Tuesday's trading, the commodity price was recovering after bouncing off the support. It was expected that the surge of the metal would reach the resistance of the pivot point at 1,475.18. Economic Calendar Analysis On Wednesday, the FOMC
On Thursday, gold reached the targeted S1 of the simple pivot points at the 1,475.18 level. Moreover, the level was also strengthened by the 200-hour simple moving average, which was also expected. This resulted in a decline, which by the middle of Friday's trading session had bounced off the support levels near the 1,462.00 level. In regards to the near term
The recovery of gold's price continues. By the middle of Thursday's trading the yellow metal had reached the 1,470.00 level. In regards to the future, the commodity price is still expected to reach for the pivot point at 1,475.18. Economic Calendar Analysis The US PPI and Core PPI data sets are scheduled to be released on Thursday at 13:30 GMT. This is
The yellow metal managed to find support in the 1,450.00 level on Tuesday. By the middle of Wednesday's trading, the pair had reached above technical levels that are located just below 1,465.00. By passing the technical levels the rate had no technical resistance as high as the pivot point at 1,475.18. Economic Calendar Analysis This week, US data is set to impact
The yellow metal's price has declined to the 1,450.00 mark. In general, the decline continues. In regards to the near term future, another drop or consolidation is expected. Economic Calendar Analysis This week, US data is set to impact the price of gold through the value adjustments of the USD. On Wednesday, at 13:30 GMT the US Consumer Price Index and Core Consumer
Gold started the week by trading up. Namely, it surged from the 1,460.00 level to the 1,465.00 level. The metal was expected to reach the 1,470.00 level, where it would meet with the technical resistance of the 55-hour simple moving average. Economic Calendar Analysis This week, US data is set to impact the price of gold through the value adjustments of
The commodity price broke the support of the medium scale pattern. It occurred in a sharp move, which gained momentum and reached as low as the 1,460.00 level. On Friday, the rate was consolidating in the aftermath of the previous move down. Economic Calendar Analysis There are no more events scheduled for this week, which could impact gold prices through the value
The recovery of gold has met with the resistance of the 55-day simple moving average, which pushed the rate back into the support of the medium term ascending channel pattern. By the middle of Thursday's London trading, the rate had bounced off the support of the pattern. Economic Calendar Analysis There are no more events scheduled for this week, which could impact
On Wednesday, gold traded near the 1,485.00 level, to where it had sharply plummeted on Tuesday. The decline of the metal had been stopped by the lower trend line of an ascending channel pattern, which can be seen on the hourly candle chart. In regards to the near term future, the metal should consolidate by trading sideways. US ISM Non-Manufacturing
Gold failed to pass the resistance of the 1,515.00 level. The failure resulted in a decline, which by the middle of Tuesday's trading session had reached below the 55 and 100-hour simple moving averages. The rate was set to test the support of the 1,500.00 mark and the 200-hour simple moving average, which was located at 1,501.25. FOMC Statement and Federal
The yellow metal started the week by trading sideways between 1,510.00 and 1,515.00. The sideways trading was expected to continue until the end of the day. In regards to the near term future, the rate was more likely to surge than decline, as it was being approached by the support of the 55-hour simple moving average. FOMC Statement and Federal Funds
As forecast in the most likely scenario, gold started testing the 1,515.00 price level. By the middle of Friday's trading, the commodity price was still testing the 1,515.00 level. It was doing so by finding support in the 1,510.00 level. In general, the metal was expected to trade sideways until the hourly simple moving averages catch up with the commodity
Gold has surged back above the 1,500.00 level. The surge was caused by the US Federal Reserve rate cut. On Thursday, the yellow metal's price was expected to test previous high levels. Namely, the 1,515.00 level should be tested. Economic Calendar Analysis On Friday, November 1, the US Employment data set will be on focus - the Average Hourly Earnings, the Non-Farm
The 1,485.00 level provided the yellow metal's price with support. By the middle of Wednesday's trading the metal's price had reached the 1,495.00 level. In regards to the near term future, the metal was expected to trade sideways until the US Federal Reserve makes a rate statement at 18:00 GMT. Economic Calendar Analysis This week gold is bound to be affected
Early on Tuesday, the yellow metal's price reached the 1,485.00 level, as SWFX traders closed short positions. In regards to the near term future, the metal should consolidate above the 1,485.00 level until the oversold pressure is removed or new fundamental news are revealed. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate
The yellow metal started the week by trading near the 1,500.00 level. In general, the metal was set to be supported by hourly simple moving averages, which could cause another surge to new high levels. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm
On Friday morning, the XAU/USD exchange rate reached the psychological level at 1,510.00. Given that the rate is supported by the 55-, 100- and 200-hour SMAs, it is likely that some upside potential could prevail. Economic Calendar Analysis This week, there are no events left that could affect the XAU/USD rate. Next week, data releases from the US will be on focus. On Tuesday, October
On Thursday morning, the XAU/USD exchange rate was testing the support formed by the 55-, 100- nad 200-hour SMAs. If the given support holds, it is likely that yellow gold could extend gains against the US Dollar in the nearest future. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold through a value adjustment
On Wednesday morning, the XAU/USD exchange rate tested the psychological level at 1,494.00. It is likely that gold could decline against the US Dollar in the short term. In this case, yellow metal could face the support of the 55-, 100- and 200-hour SMAs. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold
On Tuesday morning, the XAU/USD exchange rate was testing the upper boundary of the medium-term descending channel. From a theoretical perspective, it is likely that gold could depreciate against the US Dollar. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold through a value adjustment of the USD. On Thursday, October 24, the
On Monday, the XAU/USD exchange rate was trading at the 1,492.00 mark. Given that the rate is squeezed by the 55-, 100- and 200-hour moving averages, it is likely that gold could consolidate against the US Dollar. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold through a value adjustment of the USD. On
On Friday, the XAU/USD exchange rate tested the support formed by the 55- and 100-hour SMAs. It is unlikely that some upside potential could prevail, as gold is pressured by 200-hour SMA. Economic Calendar Analysis This week there are no events left that could affect the XAU/USD pair. Next week there will be one data release, which might impact the price of gold
On Thursday, the XAU/USD exchange rate tested the upper boundary of the falling wedge pattern. From a theoretical point of view, some downside potential could prevail within the following trading hours. Economic Calendar Analysis This week there are no events left that could affect the XAU/USD pair. Next week there will be one data release, which might impact the price of gold through
On Wednesday, the XAU/USD exchange rate was trading at the psychological level at 1,480.00. Given that the rate is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, there will be one data release, which might impact the price of gold through a value adjustment of the USD. Today, at 12:30