Gold's gradual surge has reached a new round price level. Namely, the 1,930.00 level was reached on Wednesday. Afterwards, a decline followed. On Thursday, the commodity price reached the support of the 55-hour simple moving average near 1,913.00. The SMA stopped the metal's decline. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. On Friday, the US
The yellow metal managed to pass the resistance of the 1,915.00 level. However, the 1,920.00 mark immediately stopped the rate's surge. On Wednesday, the price fluctuated sideways between the 1,915.00 and 1,920.00 levels. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. On Friday, the US Markit Flash Services and Manufacturing PMIs could cause a move. Click on
On Monday, the yellow metal pierced the resistance of the 1,915.00 level. However, this event was not followed by a surge, as the rate declined back down to the 1,900.00 level. On Tuesday, the commodity price fluctuated above the 1,900.00 level. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. On Friday, the US Markit Flash Services
Since Friday morning, the yellow metal's price has fluctuated between the support of the 1,900.00 level and the resistance of the 1,915.00 mark. By the middle of Monday's GMT trading hours, the currency exchange rate was had surged up and was expected to test the 1,915.00 mark. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. On
On Friday morning, the rate returned to trade above the 1,900.00 level. Namely, the commodity price was fluctuating between the 1,905.00 and 1,910.00 levels. In the near term future, the metal was expected to continue to respect round price levels. Economic Calendar Analysis On Friday, the US Retail Sales data is capable of causing slight increases of above normal volatility. However, in most
Despite passing technical levels that were located from 1,904.00 to 1,910.00, the yellow metal's price did not surge, as it was expected. Instead, the rate declined back below 1,900.00. On Thursday morning , the price appeared to be kept down by the resistance of the 55 and 200-hour simple moving averages. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be
After once again finding support in the 1,885.00 level, the yellow metal's price has resumed its surge. Moreover, at Wednesday noon, the price passed technical resistance levels that were located from 1,905.00 to 1,910.00. In the near term future, the metal was expected to continue to surge and test the resistance of 1,925.00 and 1,930.00. Economic Calendar Analysis On Thursday, the weekly US
The most recent surge of the yellow metal found resistance in a round price level. Namely, the 1,930.00 price mark stopped the metal's surge. During Monday's European trading hours, the commodity price was expected to consolidate by trading sideways or declining. Economic Calendar Analysis The week's notable events are set to start on Tuesday. At 12:30 GMT, the US Consumer Price Index could
On Friday morning, the yellow metal's price was once again heading to the resistance of the 1,920.00 mark. In the case of this level being passed, the price would test each round price level as a resistance, as there are no technical resistance levels above the 1,920.00 mark as far as 1,970.00. Economic Calendar Analysis The week's notable events are set to start
On Thursday, the yellow metal traded below the 1,900.00 level. In the meantime, the rate appeared to be finding support in the 1,885.00 level. In regards to the near term future, the chart of the commodity price could be impacted by the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, as always the US Unemployment Claims at 12:30 GMT might
Eventually, the yellow metal's price bounced off the resistance of the 1,920.00 level. The event was followed by a decline to the 1,875.00 mark. On Wednesday morning, the commodity price was recovering and approached the 1,900.00 level. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes without a
On Tuesday morning, the yellow metal's price fluctuated between the 1,910.00 and 1,915.00 levels. The rate had surged on Monday after finding support in 1,890.00. In regards to the future, the rate had no technical resistance and could surge. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes
The metal's surge was stopped by the resistance of the 1,915.00 level on Friday. Since then, the metal's price has been declining. By the middle of Monday's European trading hours, the commodity price had reached below the 1,900.00 mark. Economic Calendar Analysis During the week, pay attention to the economic data releases already on Monday. On Monday, at 14:00 GMT the Institute of
On Friday morning, the yellow metal recovered, as a run to safety was caused by the US President Donald Trump stating that he had tested positive for the coronavirus. In the meantime, it was spotted that round price levels still impacted the price. Economic Calendar Analysis The week will end with a monthly data release. The US Average Hourly Earnings, Non-Farm Employment Change
The yellow's metal price has continued to trade below the 1,900.00 level. The price has made five failed attempts to pass the resistance of the 1,900.00 mark. In the meantime, the rate was approached by the support of the 55-hour simple moving average. Economic Calendar Analysis On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause a minor move. The week
At the end of Tuesday's trading, the yellow metal's price bounced off the resistance of the 1,900.00 level, which was strengthened by the 200-hour simple moving average. On Wednesday morning, the rate was declining and was expected to soon reach the support of the 55-hour simple moving average at 1,880.00. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change
The 1,850.00 held on Monday and caused a surge. By the middle of Tuesday's GMT trading hours, the surge had reached the 1,885.00 level. In the meantime, the 1,900.00 level was strengthened by the 200-hour simple moving average. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. On the same day, at 12:30
The price of gold has continued to trade in the range between the 1,850.00 and 1,875.00 levels. The approaching of the resistance of the hourly simple moving averages had not changed the situation, as the price continued to fluctuate sideways. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. On the same
On Friday, the yellow metal tested the resistance of the 1,875.00 level. In the meantime, the bullion had managed to pass the resistance of the 55-hour simple moving average. In the near term future, the rate was expected to finish trading sideways and resume its decline. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause
The drop of the yellow metal's price continued on Thursday, as the bullion reached the support of the 1,850.00 level. In the near term future, the rate was expected to finish trading sideways and resume its decline. Economic Calendar Analysis The week will end with a possible minor move from the US Durable Goods Orders at 12:30 GMT. Click on the link below to
Throughout Tuesday, the 1,900.00 level was providing the yellow metal with support. During the morning hours of Wednesday's GMT trading, the price dropped below the 1,900.00 level. In the near term future, it appeared that the price would decline, as it has finished consolidating by trading sideways. Economic Calendar Analysis On Wednesday, at 13:45 the US PMIs will be released. On Thursday, as accustomed,
As expected, the yellow metal's price continued its decline on Monday. However, the bullion passed all expectations, as it tumbled down to trade below the 1,890.00 level. On Tuesday, the bullion was trading above the 1,900.00 mark. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services
On Monday morning, the yellow metal's price passed the support of the channel down pattern and reached the 1,930.00 level. This round price level provided support to the commodity price and the bullion began to trade sideways between 1,930.00 and 1,935.00. In the near term future, the price was expected to continue its decline. Economic Calendar Analysis Wednesday is a major day for
The XAU/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that the rate could trade within the given channel. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a