After shortly reaching above the 1,850.00 level, the metal's price retreated to continue to trade just above the support of the 1,835.00 level and the 200-hour simple moving average. In the near term future, additional support could be provided by the approaching 100-hour simple moving average. It could provide the needed support for the rate to test the 23.60% Fibonacci
At mid-day on Wednesday, the price for gold reached above the 1,850.00 mark. The surge was possible due to the rate being supported by the 55 and 200-hour simple moving averages, which provided technical support. In the near term future, the commodity price was expected to test the resistance of a 23.60% Fibonacci retracement level at 1,860.00. Economic Calendar Analysis On Thursday,
By the middle of Friday's GMT trading hours, the yellow metal continued to recover, as it had reached the 1,810.00 level. In the meantime, it was spotted that the 1,800.00 level can provide both support and resistance. Economic Calendar Analysis The week will end with the US monthly employment data sets at 13:30 GMT. Namely, the US Average Hourly Earnings, Unemployment Rate
The support zone of the 1,830.00/1,835.00 levels failed. The rate passed the zone and declined. By the middle of US trading hours, the metal's price had touched the 1,785.00 mark. In the near term future, the metal could look for support in the November low level at 1,765.00. Economic Calendar Analysis The week will end with the US monthly employment data sets
The yellow metal's price reached the support of the 1,835.00 level. Moreover, the 1,830.00 level was shortly touched. These levels held and forced the bullion into a retracement back up to the 1,845.00 mark. However, at mid-day on Wednesday, the rate was once again located at the 1,830.00/1,835.00 support zone. Economic Calendar Analysis On Wednesday, the US ISM Non-Manufacturing PMI could cause
After testing the resistance of the 1,870.00 level throughout Monday, the yellow metal declined on Tuesday. By the middle of the day's European trading hours, the commodity price had reached the 1,840.00 level. In the near term future, the price could reach for the last week's support at 1,835.00. Economic Calendar Analysis On Wednesday, the US ISM Non-Manufacturing PMI could cause a
The yellow metal increased its volatility on Friday, as the commodity price fluctuated between 1,840.00 and 1,875.00. On Monday, the metal had reduced volatility, as it traded between 1,855.00 and 1,870.00. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI at 15:00 GMT could cause a move. On Wednesday, the US ISM Non-Manufacturing PMI could cause a move. Thursday will bring
After trading with high volatility between 1,835.00 and 1,865.00, at mid-day on Friday the yellow metal's price was located just below the 1,865.00 level. In the meantime, take into account that the whole zone from 1,864.40 to 1,868.40 was providing resistance. Economic Calendar Analysis Next week, on Monday, the US ISM Manufacturing PMI at 15:00 GMT could cause a move. On
At mid-day on Thursday, the price for gold jumped and passed the resistance of the hourly simple moving averages. In the near term future, the price was expected to continue to surge and test previous high levels. Economic Calendar Analysis On Thursday, January 28, the US Advance GDP data is set to be released at 13:30 GMT. Also, the US Unemployment Claims
After holding for eight hours on Tuesday, the support of the ascending wedge pattern broke. This resulted first in trading above the 1,850.00 mark, and afterwards a decline. By the middle of Wednesday's GMT trading hours, the commodity price had reached below the 1,845.00 level. Economic Calendar Analysis On Wednesday, January 27, the Federal Reserve is going to unveil its monetary policy
Since the start of Monday's trading hours, the yellow metal has been trading above the support of the 200-hour simple moving average and the 1,850.00 level. In the meantime, resistance was provided by the 1,860.00 level and two technical levels that strengthened it. Economic Calendar Analysis On Wednesday, January 27, the Federal Reserve is going to unveil its monetary policy plans by
By the start of Monday's US trading hours, the price for gold had found support in the 200-hour simple moving average and had surged above technical resistance levels. Economic Calendar Analysis On Wednesday, January 27, the Federal Reserve is going to unveil its monetary policy plans by publishing the FOMC Statement at 19:00 GMT. On Thursday, January 28, the US Advance GDP data
During today's early hours, the XAU/USD exchange rate declined to the support provided by the 100- and 200-hour SMAs near 1,850.00. Economic Calendar Analysis On Friday, the US Services and Manufacturing PMIs could cause a notable adjustment in the USD value. Next week is going to be relatively calm in regards of the economic calendar. Most of notable events are expected from the
Since Wednesday evening, the XAU/USD exchange rate has been consolidating near the 1,875.00 level. Economic Calendar Analysis On Thursday, at 13:30 GMT, expect the weekly US Unemployment Claims. Next week, data releases, which could impact the USD/JPY start on Thursday. At 13:30 GMT, the weekly US Unemployment Claims are set to be published. On Friday, the US Services and Manufacturing PMIs
After three hours of making the attempt, the yellow metal passed the resistance of the channel down pattern on Wednesday morning. In addition, the rate passed the resistance of the 200-hour simple moving average. Economic Calendar Analysis On Thursday, at 13:30 GMT, expect the weekly US Unemployment Claims. Next week, data releases, which could impact the USD/JPY start on Thursday. At 13:30
On Tuesday morning, the yellow metal's price was fluctuating almost flat near the 55 and 100-hour simple moving averages close by to the 1,840.00 level. Meanwhile, the commodity price has been captured by a channel down pattern, which has guided the metal since January 8. Economic Calendar Analysis On Thursday, at 13:30 GMT, expect the weekly US Unemployment Claims. Next week, data releases,
After plummeting to the 1,805.00 level, the yellow metal's price recovered. On Monday, the metal traded in the range between the 1,830.00 and 1,840.00 level. In the meantime, the commodity price faced the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, at 13:30 GMT, expect the weekly US Unemployment Claims. Next week, data releases, which could impact
Since the middle of Thursday's trading hours, the yellow metal has traded around the 1,850.00 mark. In the meantime, the price was not being impacted by the 55 and 100-hour simple moving averages. In general, the metal was expected to continue to trade sideways until a fundamental event sets a new direction for it. Meanwhile, buy orders dominated the sentiment. Economic
The yellow metal failed to pass the resistance of the 1,863.00 level. As soon as the price was approached by the 100-hour simple moving average, a decline of the price began, which passed the support of the 55-hour SMA and broke this week's channel up pattern. By the middle of Thursday's trading hours, the rate had found support in the 1,830.00
On Wednesday, the yellow metal's price tested the resistance of the 1,863.00 level, which has been keeping the price down throughout this week. The test resulted in a decline to the support of the 55-hour SMA, which was expected to push the rate up to once again make an attempt to pass the 1,863.00 mark. Economic Calendar Analysis During the week there
The yellow metal's price has gradually recovered and reached the 1,860.60 level. At that level the pair encountered the resistance of the 55-hour simple moving average and a 23.60% Fibonacci retracement level. Future scenarios were based upon whether or not the resistance level holds. Economic Calendar Analysis During the week there will be minor data sets published, which could cause initial reactions. Traders
After reaching the 1,820.00 level at midnight to Monday, the yellow metal's price began a recovery. By the middle of the day's GMT trading hours, the metal had reached back up to the 1,850.00 level. In regards to the near term future, the price could retrace back up to the hourly simple moving averages, which were located above the 1,880.00
The yellow metal passed the combined support of the 200-hour simple moving average and the 1,896.60/1,908.40 zone. Moreover, the following decline touched the 1,880.00 level. In addition, the rate has broken the channel up pattern, which guided it since the start of December. Economic Calendar Analysis The week will end with the release of three US employment data sets. The releases will occur
Since Wednesday afternoon, the yellow metal's price has been kept down by the resistance of the 100-hour simple moving average. The SMA has been slowly moving up from the 1,923.00 to 1,930.00 levels. Meanwhile, it was spotted that the support zone above the 1,900.00 price level was providing support and keeping the price up. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes