On Tuesday, the yellow metal's price remained below the 1,500.00 level. In general, the price was expected to trade sideways. The sideways trading should eventually end with a break out. 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 Wednesday, at 12:30 GMT the US Retail Sales
On Friday, gold reconfirmed the support of the large scale ascending channel that can be seen on the daily candle chart. In regards to the short term, the commodity price was about to test resistance levels at the 1,500.00 level. Economic Calendar Analysis This week, there will be one data release, which might impact the price of gold through a value adjustment of
The yellow metal made an attempt to once more pass the resistance of the 1,515.00 level, and the price failed at the attempt. By the middle of Friday's trading the rate was trading around the 1,505.00 mark. Economic Calendar Analysis No data releases are expected to impact the price of gold during Friday. Next week, there will be one data release, which
After a short lived surge above 1,515.00 on Wednesday, gold declined back down to support levels near 1,505.00 on Thursday, In general, a surge or sideways trading was speculated to be the most likely future scenarios for the commodity price. A decline is considered unlikely. Economic Calendar Analysis Today the US CPI will be released at 12:30 GMT. This release could
During today's morning, the price for gold re-tested the psychological level at 1,510.00. Note that yellow metal is supported by the 55-, 100- and 200-hour moving averages. Thus, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. On Thursday, the
In general, Gold remains near the 1,500.00 level. Although, the high volatility of the metal provides some traders with the opportunity to profit. Economic Calendar Analysis On Wednesday, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. On the same day the US CPI will be released at 12:30 GMT. Meanwhile, next week's notable event overview and
Due to the US Employment data strengthening the US Dollar, gold failed at breaking the resistance of the 1,515.00 level. US Employment Data The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 3.5% compared with the forecast of 3.7%. According to the official release: "In September, the unemployment rate declined by 0.2 percentage point
The metal broke the resistance of the 1,505.00 level, as the US ISM Non-Manufacturing PMI beat down the value of the USD on all charts. US ISM Non-Manufacturing PMI The Institute for Supply Management released the US ISM Non-Manufacturing PMI survey data results, which came out worse-than-expected of 52.6 compared to the forecast of 55.1. The Chair of the Institute for Supply Management
On Thursday, the rate was testing the resistance of the 1,505.00 level. The commodity price was consolidating below that level in the aftermath of a surge that occurred on Wednesday. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of 50.4. The Chair of
The release of the US ISM Manufacturing PMI on Tuesday pushed gold up to the 1,485.00 level. By the middle of Wednesday's trading, future forecasts were based on what would happen at that level. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of
Gold has reached new low level by sharply tumbling at the middle of Monday's trading session. Namely, the 1,460.00 level was reached already on Tuesday morning. Economic Calendar Analysis This week, there are a couple of US macroeconomic data releases, which might impact gold through the strength of the US Dollar. On Tuesday, the US ISM Manufacturing PMI is set to be released
The decline of gold has continued. By the middle of Monday's London trading, the price had reached below the 1,485.00 level. In regards to the near term future, a bounce off from a support level was expected. Economic Calendar Analysis This week, there are a couple of US macroeconomic data releases, which might impact gold through the strength of the US Dollar. On Tuesday,
The metal has ended its sideways trading with a decline. By the middle of Friday's London trading, the metal's price had reached below the 1,495.00 level. The rate was set to face two support levels at 1,492.00, below which there was not technical support as low as 1,462.90. Economic Calendar Analysis The week will end with the US Durable Goods Orders data release
The 1,535.00 level was strong enough to eventually cause a decline. As soon as the decline reached below the 1,530.00 mark, it increased and dropped down to almost touch 1.500.00. On Thursday, the metal's price was trading sideways between 1,505.00 and 1,510.00 levels. Economic Calendar Analysis On Thursday, the US Final GDP will be published at 12:30 GMT. This event could cause a
On Tuesday, the price for gold tried to surpass the psychological level at 1,535.00. On Wednesday morning, yellow metal was trading at the 1,530.00 mark. Given that the commodity is supported by the 55-hour moving average, it is likely that some upside potential could prevail. Economic Calendar Analysis On Thursday, the US Final GDP will be published at 12:30 GMT. This event could
The surge of the yellow metal has reached the 1,525.00 level, from which it bounced off. On Tuesday, a consolidation by trading sideways was taking place. Namely, the commodity price fluctuated between the 1,520.00 and 1,525.00 levels. Economic Calendar Analysis On Thursday, the US Final GDP will be published at 12:30 GMT. This event could cause a minor move. The week will end
On Monday, gold reached the 1,520.00 level and ended trading in the range between 1,485.00 and 1,510.00. In general, if the rate would manage to push through the resistance of the 1,520.00 level, it could once more test the 1,550.00 level, as it did at the start of the month. Economic Calendar Analysis On Thursday, the US Final GDP will be published at
On Friday, Gold had surged slightly, but it had not broken out of the trading range that forces the metal to bounce around the 1,500.00 level. During the early hours of the day's London trading, it was expected that gold would test the resistance of the 1,510.00 level, which is the upper boundary of the range, in which the metal's price
Gold was the most impacted asset by the Federal Reserve rate cut. However, by the middle of Thursday's London trading the metal's price was back at 1.500,00. The metal was set to face resistance at that level. The level on its own provided psychological resistance. In addition to that, the 55, 100 and 200-hour simple moving averages were located at 1,500.00. Economic
Gold continues to trade in limbo around the 1,500.00 level. As it has done so, all of the hourly simple moving averages that are used by Dukascopy Analysts have reached the 1,501.35 level. In general, the metal was expected to continue to trade sideways until the Federal Reserve announcement of today. Economic Calendar Analysis On Wednesday, September 18, the FOMC Statement and Economic
On Tuesday, gold price fluctuated below the 1,500.00 level. The commodity price had also declined below the technical resistance of the 55 and 100-hour simple moving averages. Due to the metal being located below the cluster of resistance, a scenario of a decline was being favoured. Economic Calendar Analysis On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at
Gold started the week's trading with a gap up. Namely, it started trading in a range between 1,500.00 and 1,512.00. On Monday morning, the rate was getting squeezed in between the 55 and 200-hour simple moving averages, respectively, at 1,501.50 and 1,510.75. Economic Calendar Analysis On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at 18:00 GMT. Note that
During today's morning, the XAU/USD exchange rate was trading near the psychological level at 1,505.00. Given that gold squeezed by the 55- and 100-hour moving averages, the price for the commodity could consolidate in the short term. Economic Calendar Analysis Today, the US Retail Sales data will be published at 12:30 GMT. Next week there will not be many events that could have
During today's morning, the XAU/USD exchange rate was trading near the psychological level at 1,505.00. Given that gold is supported by the 55- and 100-hour moving averages, the price for the commodity could go upwards. Economic Calendar Analysis This week, there will be a couple of data releases from the US that could have an impact on the price for gold. Today, the