The yellow metal's price has made a sharp drop and an almost immediate recovery. The event was caused by a break out from the sideways trading that was stopped by the 100-day simple moving average. The event signals that gold price is favouring a move down for the medium term future. Economic Calendar Analysis On Friday, at 12:30 GMT the US and Canadian
On Thursday, the yellow metal marked its fifth consecutive trading session of sideways trading. The metal remained at the 1,290.00 level. Meanwhile, on the hourly chart technical signals could be observed that indicated that a surge of the metal might occur in the near term future. Economic Calendar Analysis Until Friday there are no notable macroeconomic data releases scheduled to take place. On Friday,
On Wednesday, the yellow metal's price fluctuated near the 1,290.00 level. During the second half of the day the price had fallen below the support of hourly simple moving averages. After falling below the SMAs the metal had no technical support as low as 1,275.00. In theory, the metal was about to fall. Economic Calendar Analysis Until Friday there are no notable macroeconomic
Gold has plummeted and quickly reached the previously set target at 1,295.00. The move has actually happened too fast. Due to that reason it is expected that the metal will consolidate and trade sideways before continuing. Economic Calendar Analysis On Friday, there will be two releases. First will be the UK Current Account publication at 09:30 GMT. This event is expected to
On Thursday morning the yellow metal was testing the support of a medium scale ascending channel pattern near 1,310.00. If that support level would get passed, the commodity price would fall, as there is no technical support as low as the 1,295.00 level. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be
As expected, gold reached down to the 1,315.00 level. There it found support at and began to trade in the range between 1,314.00 and 1,318.00. The rate was expected to break the sideways trading in the near future. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data
After reaching the 1,325.00 level on Monday, gold was retreating on Tuesday down to the technical support levels near 1,315.00. At the 1,315.00 level the 55-hour simple moving average was the main support to the commodity price. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data releases.
On Friday morning gold prices were surging up without any technical resistance level as high as the 1,320.00 level. The rate was expected to test a pivot point at 1,321.00 and the psychological resistance of the 1,320.00 level. Economic Calendar Analysis On Friday, the last event of the week will be the Canadian CPI and Core Retail Sales release at 12:30 GMT. For
Gold price has tested the 1,310.00 as expected. In addition, the metal's price has continued to trade afterwards in accordance with the trend patterns. To be exact, a large scale pattern's resistance line pushed the rate down at the 1,310.00 level and was still holding during the second part of Wednesday's trading. Economic Calendar Analysis This week will be busy for fundamental announcement
The yellow metal has surged above the 1,305.00 level on Tuesday. The commodity price is expected to reach the 1,310.00 level, which is expected to once more provide resistance to the rate, as it did during the previous week. Economic Calendar Analysis This week will be busy for fundamental announcement traders. Both the central banks and various statistics offices are set to
On Monday, the yellow metal's price broke a dominant resistance line near the 1,305.00 level. The price had decreased volatility on Monday, as it traded in the range between 1,304.00 and 1,306.00. The commodity was waiting for future signals. One could be provided by the Federal Reserve announcements on the future value of the USD on Wednesday. Economic Calendar Analysis This week will
The yellow metal has found support in the 200-hour simple moving average, which has forced the pair into a surge. By the middle of Friday's trading, the commodity price traded above the 1,300.00 level. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important macroeconomic data releases have
After reaching the 1,310.00 level gold prices began a decline, which had reached below the 1,300.00 level by the middle of Thursday's trading session. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important macroeconomic data releases have ended. Join on Monday to the Economic Calendar analysis stream
Gold has broken the 1,300.00 level and surged up to the 1,310.00 level by the middle of Wednesday's trading session. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important events will end already on Wednesday. At 12:30 GMT the US Durable Goods Orders and the US
The support levels at 1,292.00, which were reached on Monday, held their ground as expected. In regards to the future, the metal is expected to once more test the resistance of the 1,300.00 level. Economic Calendar Analysis This week will be unusual. The majority of the notable macroeconomic events will take place at the start of the week. On Tuesday, at 12:30 GMT the
After reaching above 1,300.00 gold is declining. If the metal passes the support of a pivot point at 1,295.13, it should decline down to a technical level cluster near 1,292.00. There the metal would meet hourly simple moving averages and a Fibonacci retracement level. Economic Calendar Analysis This week will be unusual. The majority of the notable macroeconomic events will take place at
Due to the weakness of the US Dollar, gold prices have jumped to the 1,295.00 level. During the surge the rate broke five technical resistance levels before it was stopped by a pivot point at 1,295.13. Economic Calendar Analysis On Friday, Canada and the US will publish their monthly employment data sets. It has five important data sets impacting the USD/CAD. It is
On Thursday the situation on the yellow metal charts did not change. Gold prices were still trading in the zone near the 1,285.00 level. However, the 100-hour SMA was approaching and would provide resistance to the price that could cause a decline. Economic Calendar Analysis On Thursday, all attention will be on the European Central Bank. The bank will publish its Main Refinancing
On Tuesday, the yellow metal's price could be seen as trading sideways, as it was consolidating the previous decline. Namely, the metal traded between the 1,285.00 and 1,290.00 levels. Economic Calendar Analysis This week is set to be the first one of the month. Due to that reason it is set to have important data releases occurring. The notable data releases that Dukascopy Analytics
By the second half of Monday's London session the yellow metal's decline had reached the 1,285.00 level. Meanwhile, the metal's price had no technical support as low as the weekly S2 at the 1,276.65 level. Economic Calendar Analysis This week is set to be the first one of the month. Due to that reason it is set to have important data releases occurring. The
Due to the US Dollar gaining value because of fundamentals, the yellow metal's price has plummeted below the long term By the middle of Friday's trading session gold price was below 1,310.00. Moreover, the decline was expected to continue. Economic Calendar Analysis On Friday, the Canadian GDP data will be out at 13:30 GMT. It is most likely set to be the
There are two noteworthy things to highlight in the intro about the yellow metal's price. The decline caused by the passing of the support of the hourly simple moving averages has occurred. It had ended during the early hours of Thursday's trading and a surge began. The surge was caused by a long term support line. In addition, the larger scale
Gold on Wednesday traded almost flat. In general, the last three daily candles looked almost insignificant, compared to the price action last week. However, take a look at the short term analysis part. The hourly chart reveals some new information. Economic Calendar Analysis As it is accustomed, the last week of the month is set to be quiet for fundamental macroeconomic data releases. The
The metal has continued to trade between the simple moving averages of the hourly chart. By the middle of Tuesday's trading, gold was signalling that a decline might occur soon. Namely, the metal pierced the support of the 200-hour SMA, which revealed that it lacks the strength to keep it from declining. Moreover, the 55-hour SMA was pushing the price through