At mid-day on Thursday, the price for gold bounced off the resistance of the 1,910.00 level. By 15:00 GMT, the price had declined to the 1,885.00 level. Economic Calendar Analysis On Friday, the US Dollar and the Canadian Dollar are set to react to the monthly US and Canadian employment data. Among the data will be the employment changes and unemployment rates
On Wednesday, the comments made at the Federal Reserve press conference by the Chairman Jerome Powell caused a drop of the US Dollar's value. On gold price charts it resulted in a move above a resistance zone at 1,872.00/1,878.00 up to the 1,890.00 level. Economic Calendar Analysis On Friday, the US Dollar and the Canadian Dollar are set to react to the
Due to the recent decline of the value of the US Dollar, the price for gold has surged. By the middle of Friday's GMT trading hours, the price had passed two hourly simple moving averages and the resistance zone near 1,910.00. In addition, the commodity has broken the channel down pattern, which guided it since the middle of April. Economic Calendar
As the value of the US Dollar continues to grow, the price for Gold extends its decline. During Thursday's trading hours, the price shortly traded below the 1,880.00 level, before retracing to the resistance of the 50-hour simple moving average near 1,893.00. Economic Calendar Analysis This week's notable events for this pair are over. On Friday, macroeconomic traders might want to look
This week, the price for gold revealed that it has been declining in a channel down pattern. In addition, the commodity faces resistance at 1,907.50/1,911.30. During the second half of Wednesday's trading hours, the bullion had declined and traded below the 1,885.00 mark. Economic Calendar Analysis During the week, minor moves could be created by some data releases. Meanwhile, note that the
The situation on the chart for gold has not changed. Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Previous analysis remains relevant. Economic Calendar Analysis There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. XAU/USD short-term forecast In
Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Economic Calendar Analysis There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. XAU/USD short-term forecast In the near term future, a potential decline of the price for gold might look
The price for gold failed to reach the 2,000.00 mark during the last week's trading, as it bounced off the resistance of the 1,995.00/1,998.40 zone. Up to the middle of Wednesday's GMT trading hours, the commodity price had passed the support of the 50, 100 and 200-hour simple moving averages and the trend line, which connects the late March and early
Since mid-Tuesday, the price for gold has fluctuated between a support zone at 1,965.70/1,970.00 and resistance at 1,978.50/1,982.00. Meanwhile, the 50-hour simple moving average had caught up to the price. However, the SMA did not provide either support or resistance. Economic Calendar Analysis XAU/USD short-term forecast If the commodity price reaches above 1,982.00 and continues to surge, it might eventually reach the
The recovery of the gold price gradually continues, as on Wednesday the price hit the 1,980.00 mark, which acted as resistance. Meanwhile, it was spotted that the previous resistance zone at 1,965.70/1,970.00 had acted as support. Economic Calendar Analysis On Thursday, 12:30 GMT, the US Retail Sales data and weekly Unemployment Claims are scheduled to impact the value of the US Dollar. Click
At mid-day on Thursday, the yellow metal broke the resistance of the 1,970.00 mark. The event occurred due to the release of the US Consumer Price Index at 12:30 GMT. In the meantime, it was spotted that the rate was respecting the support of the 50-hour simple moving average near 1,950.00. Economic Calendar Analysis During the middle of Wednesday's trading, at 12:30
On Monday, the price for gold surged above the 1,950.00 mark and reached the 1,970.00 level. The 1,970.00 level acted as resistance and caused a retracement back down. By 15:00 GMT, the metal had returned to trade below the 1,950.00 level. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Consumer Price Index will reveal, how the US inflation has continued
On Thursday, the price for gold managed to break the combined resistance of the 50, 100 and 200-hour simple moving averages in the 1,925.00/1,928.00 range. Afterwards, the price made an attempt to approach the 1,940.00 mark, before retreating and confirming the combination of the three moving averages as support at 1,927.50. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Consumer
Since the middle of Wednesday's trading, the price for gold was kept down by the resistance of the 200-hour simple moving average, which was gradually declining. In the meantime, previous forecasts remained unchanged. Economic Calendar Analysis On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data at 13:30 GMT. Click on the link below
Despite shortly breaking above 1,940.00 mark and touching the 1,945.00 level, the price for gold returned to trade in the previous range between the support zone at 1,916.70/1,921.65 and resistance at 1,940.00. However, during Wednesday's trading, the price was finding resistance in the 200-hour simple moving average above 1,930.00. Economic Calendar Analysis On Thursday, a minor USD move might be created by
Since the middle of Monday's trading, the price for gold has been fluctuating around the 1,930.00 mark. In addition, the metal appears to be ignoring the 50, 100 and 200-hour simple moving averages. In general, Monday's forecasts remain actual. Economic Calendar Analysis During the week, almost all attention will be paid to the US Federal Reserve Federal Open Market Committee Meeting Minutes
On Monday morning, the price for gold shortly traded below the 1,920.00 mark, before staring a sudden recovery. Namely, by the middle of the day's trading hours, the price for gold surged and reached the 1,935.00 level. Meanwhile, the commodity mostly ignored the support and resistance of the 50, 100 and 200-hour simple moving averages. Economic Calendar Analysis On Tuesday, the US
The price for gold barely touched the 1,950.00 mark on Thursday, as a decline started. By the middle of Friday's trading, the price had passed the 50, 100 and 200-hour simple moving averages and broken the channel up pattern. At mid-day, the price reached below the 1,925.00 level. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index survey results
First of all note that the price encountered resistance at the 1,939.00 level and the 100-hour simple moving average. The event was followed by a retracement to the 1,920.00 level, which acted as support and caused a surge that at mid-day on Thursday reached above the 1,941.00 mark. In addition, the recent confirmation of the 1,920.00 level provided a reference point
The recovery from the 1,890.50/1,893.60 zone continued during Wednesday's trading hours. By 15:00 GMT, the price for gold was approaching combined resistance of the 100-hour simple moving average at 1,937.50 and the 1,940.00 mark. Economic Calendar Analysis On Thursday, at 13:30 GMT, minor US Dollar moves could occur due to the publication of the weekly US Unemployment Claims. The top event of the
Talks between Russia and Ukraine have been attributed to an ongoing risk on sentiment. On the gold charts, the sentiment resulted in the breaking of the channel up pattern, which recently guided the price up, and a decline that pierced the March low level. By 16:00 GMT on Tuesday, the price for gold had recovered to the 1,915.00 mark. Economic Calendar Analysis There
Previously marked support and resistance zones have been removed. Instead, high and low levels have been marked on the chart. In addition, it was spotted that during the second half of March the commodity price has been surging in a channel up pattern. On Monday, the price for gold declined and found support in the lower trend line of the channel
The breaking of the 1,950.00 level's resistance has resulted in a surge to the 1,965.00 mark, which provided resistance. The following decline eventually reached back to the 1,950.00 level by the middle of Friday's trading. Economic Calendar Analysis There are nine sets of data being released this week, which might cause an impact on currency valuations. Five of the nine are US
At mid-day on Thursday, the price for gold broke the resistance of the 1,950.00 mark. By 14:00 GMT, it appeared that the price was confirming the 1,948.00/1,951.50 zone as support. Economic Calendar Analysis The week's notable events are over. Next week's review will be published on Friday. XAU/USD short-term forecast In the case that the price for gold surges higher, it might encounter