Since Wednesday, the XAU/USD exchange rate has been consolidating in the 1,555.00 area. Given that the rate is squeezed by 55-, 100- and 200-hour SMAs, it is likely that gold could continue to consolidate against the US Dollar in the short run. Economic Calendar Analysis Next week's scheduled event historical data tables have been published. Click on the link below to read the
Since Wednesday, the XAU/USD exchange rate has been consolidating in the 1,555.00 area. Given that the rate is squeezed by 55-, 100- and 200-hour SMAs, it is likely that gold could continue to consolidate against the US Dollar in the short run. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to read the
On Wednesday morning, the XAU/USD exchange rate traded at 1,553.00. Given that the rate is squeezed by 55-, 100- and 200-hour SMAs, it is likely that gold could consolidate against the US Dollar in the short run. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event
On Monday morning, the XAU/USD exchange rate tested the monthly R1 at 1,544.31. Given that the rate is pressured by the 100- and 200-hour SMAs, it is likely that the price for gold could go downwards. Economic Calendar Analysis This week's data releases will start with the US CPI and Core CPI on Tuesday at 13:30 GMT. Meanwhile, this week's scheduled event historical data
On Monday morning, the XAU/USD exchange rate consolidated around the 1,555.00 level. Given that the rate is squeezed by the 100- and 200-hour SMAs, it is likely that the price for gold could maintain its consolidation. Economic Calendar Analysis This week's data releases will start with the US CPI and Core CPI on Tuesday at 13:30 GMT. Meanwhile, this week's scheduled event historical data
On Friday, the yellow metal traded above the support of the 200-hour simple moving average, which was supported by the R1 monthly pivot point at 1,544.31. In general, the price was expected to trade sideways until the resistance of the 55-hour simple moving average approaches. Economic Calendar Analysis The week will end with the three US employment data sets being published at 13:30
The yellow metal declined on Thursday, as risk on sentiment returned in the markets. By the middle of the day's London trading hours, the rate had reached the support of a pivot point at 1,544.31. In addition, an attempt to pass the pivot point was stopped by the technical support of the 200-hour simple moving average at 1,541.00. Economic Calendar Analysis The week
The Iranian government fired rockets at US bases in Iraq. The news caused a spike of gold prices. However, as soon as it was revealed that there were no casualties, gold began to decline. By the middle of London's trading session, the rate had retreated back below the 1,580.00 level. Meanwhile, the move was consistent with the technical chart from more than
After reaching a seven year high on US-Iran tensions, the yellow metal began to retreat. The price declined to the support of the 55-hour simple moving average and reversed at 1,555.00. On Tuesday, the pair was set to be pushed by the simple moving average into the resistance of the weekly R2 pivot point at 1,570.60. Economic Calendar Analysis This week, data releases
The Iranian-US turmoil propelled the yellow metal, as funds ran to safety. The metal's price managed to shortly reach above a 100.00% Fibonacci retracement level at 1,580.00 Our analysts set speculative high level at this mark, by using the low level of 2018 and setting the 23.60% retracement at the early 2019 high level. Economic Calendar Analysis This week, data releases will start
As expected, the metal surged on Thursday. By the middle of Friday's London trading hours, the yellow metal's price had reached the 1,550.00 level. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. On the same day, the FOMC Meeting Minutes will be published at 19:00 GMT. Next week, data releases will start
In general, the yellow metal's price is set to surge, as it is being pushed up by an hourly SMA and has no technical resistance to it. Economic Calendar Analysis On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day, the FOMC Meeting Minutes data will be published at 19:00 GMT. Meanwhile, this week's
During Monday morning, the XAU/USD exchange rate was trading sideways in the 1,510.00 area. Economic Calendar Analysis This week, there are only three events that could affect the XAU/USD pair. On Tuesday, December 31, the US CB Consumer Confidence will be published at 15:00 GMT. On Friday, January 3, the ISM Manufacturing PMI survey results will be released at 15:00 GMT. At the same day,
During Friday morning, the XAU/USD exchange rate was trading sideways in the 1,510.00 area. Economic Calendar Analysis This week, there are no scheduled events left, which could cause an increase of volatility in the XAU/USD pair. Next week, there are only three events that could affect the XAU/USD pair. On Tuesday, December 31, the US CB Consumer Confidence will be published at 15:00 GMT. On
During Monday, the price for gold jumped to the 1,484.00 level. Economic Calendar Analysis this week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, this week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 23.12-27.12 Event Historical Reactions XAU/USD short-term forecast During previous trading session,
The yellow metal continues to trade sideways. Moreover, it was expected that the price would continue to remain flat. Economic Calendar Analysis Next week, the US Durable Goods Orders on Monday at 13:30 GMT could cause a move. Meanwhile, next week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 23.12-27.12 Event Historical
Since finding support in the 200-hour SMA on Wednesday at 1,470.50, the yellow metal's price has traded almost flat. In general, the technical indicators were signaling that the bullion's price would continue to trade sideways. Economic Calendar Analysis This week, the pair could be impacted only by one data release. On Friday, the US Final GDP is set to be published at 13:30
On Wednesday, another attempt to pass the 1,480.00 level by gold had failed. At midday, it resulted ina decline down to the 200-hour simple moving average near 1,470.58 This event was followed by high volatility between 1,470.60 and 1,475.70. Economic Calendar Analysis This week, the pair could be impacted only by one data release. On Friday, the US Final GDP is set to
On Tuesday morning, gold once again touched the 1,480.00 level, which managed to hold and cause a decline to the 1,475.00 level. At the 1,475.00 level, the rate met with additional technical support, which it did not have on Monday. This event signaled that a surge of the metal could be expected. Economic Calendar Analysis This week, the pair could be impacted only
On Monday, the yellow metal's price was going upwards, supported by the monthly PP at 1,475.51. Given that the XAU/USD exchange rate is supported by the 55-, 100- and 200-hour moving averages, it is likely that bulls could prevail in the market in the short run. Economic Calendar Analysis This week, the pair could be impacted only by one data release. On Friday,
On Friday, the yellow metal's price was recovering after the Thursday decline. By the middle of the day's London trading hours, the metal had tested the resistance of the 1,475.50 level. US President Announces Trade Deal On Thursday, December 12, gold depreciated 1.22% or 1786 pips against the US Dollar. The drop was driven by an announcement made by the US President
On Thursday, US President Donald Trump tweeted on US-China trade deal, which caused a jump of the value of the US Dollar. As a result of this event, the price of gold first jumped above 1,485.00 and afterwards plummeted to 1,465.00. In the near term future, the price should consolidate, as the news are taken in by the market. Economic Calendar
On the first half of Wednesday, the XAU/USD exchange rate was testing the resistance formed by the 100- and 200-hour SMAs. If the given resistance holds, it is likely that yellow metal could consolidate against the US Dollar in the short run. Economic Calendar Analysis This week there are a couple of events that could impact the rate. On Wednesday, at 13:30
The support of the 1,460.00 level provided enough strength for the metal to break three technical resistance levels. By the middle of Tuesday's London trading, the commodity price was expected to reach the 1,470.00 level. At that level, the price should meet with the resistance of the 100-hour simple moving average, which is the last technical resistance before the 1,475.00