First of all, note that after breaking the resistance of the 1,875.00 level, the yellow metal's price has been ignoring this level. It does not provide support or resistance. In the meantime, since Wednesday, the price has been fluctuating in a symmetrical triangle pattern. In theory, the metal's price should reduce volatility in the borders of the pattern until a break
The yellow metal increased volatility on Wednesday and managed to break the resistance of the 1,875.00 level. Although, the rate retraced back down after touching the 1,890.00 mark. On Thursday, the price of the commodity was fluctuating between the 1,865.00 and 1,880.00 levels. Economic Calendar Analysis No more events are able to impact the price of gold during this week. Next week's analysis
Since early Tuesday trading hours, the yellow metal's price was testing the resistance of the 1,875.00 level. After three attempts to pass the metal, the metal began a decline. By the middle of Wednesday's trading, the commodity had reached the 1,860.00 level and had passed the 55-hour simple moving average. Economic Calendar Analysis On Wednesday, the price could move due to the FOMC
The yellow metal's price has reached above the 1,870.00 level. Note that the surge occurred faster than expected, as the rate even broke the narrow channel up pattern, which had guided the price up since May 13. Economic Calendar Analysis On Wednesday, the price could move due to the FOMC Meeting Minutes at 18:00 GMT. The value of the US Dollar might
The yellow metal's price has continued to surge in the channel up pattern. Moreover, it made attempts at passing the resistance line of the pattern. However, on Monday, the metal failed and retreated to the support of the zone near the 1,845.00 level. Economic Calendar Analysis On Wednesday, the price could move due to the FOMC Meeting Minutes at 18:00 GMT. The
The yellow metal's price found support in the 200-hour simple moving average and started a surge. Note that the surge is captured by the borders of a channel up pattern. In addition, note that by the middle of Friday's trading, the metal had passed the resistance of the 55 and 100-hour simple moving average. Economic Calendar Analysis On Wednesday, the price could move
In the aftermath of the release of the US Consumer Price Index, the yellow metal declined until it found support in the 1,812.00/1,818.00 zone. Economic Calendar Analysis On Friday, the US Retail Sales and Core Retail Sales at 12:30 GMT are bound to move the metal's price, as it impacts the US Dollar's value. Click on the link below to find out more
On Tuesday, the yellow metal did not find support in the 55-hour simple moving average near 1,830.00. Instead, the price declined to the 1,818.20 level. The event confirmed that the 1,812.80/1,818.20 zone could provide support in the future. Economic Calendar Analysis The metal's price could move due to the US CPI on Wednesday at 12:30 GMT. On Friday, the US Retail Sales
Since the Friday's surge, the yellow metal's price has been trading below the resistance of the 1,845.00 level. On Tuesday, the metal's price was being approached from below by the 55-hour simple moving average. Economic Calendar Analysis The metal's price could move due to the US CPI on Wednesday at 12:30 GMT. On Friday, the US Retail Sales and Core Retail Sales
The yellow metal's price has extended its surge. The move upwards was fueled by the weakness of the US Dollar, which was caused by the worse than expected US labour data. Economic Calendar Analysis The metal's price could move due to the US CPI on Wednesday at 12:30 GMT. On Friday, the US Retail Sales and Core Retail Sales at 12:30 GMT
As soon as the yellow metal's price passed the resistance of the 1,800.00 level, the price jumped by 0.80%. By the middle of Friday's trading, the price had reached the 1,820.00 level. Economic Calendar Analysis On Friday, the release of the US Employment data could impact the price for gold through the value of the US Dollar. Next week, the metal's price could
The support of the zone just above the 1,770.00 level was enough for the metal's price to surge above the 55, 100 and 200-hour simple moving averages. By the middle of Thursday's European trading hours, the price was heading to the resistance of the 1,800.00 mark. Economic Calendar Analysis On Friday, the release of the US Employment data could impact the price for
After testing the 1,800.00 level's resistance on Tuesday, the yellow metal declined. On Wednesday, the price was fluctuating almost sideways between the 1,770.00 and 1,785.00 levels. In the meantime, the price appeared to respect the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Friday, the release of the US Employment data could impact the price for gold through the value
On Thursday, the XAU/USD exchange rate plunged by 312 pips or 1.74%. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session. Economic Calendar Analysis Notable events for this week have ended. Expect the next week's analysis to be published this evening in the Fundamental Analysis section. Click on the link below to find out more about
The XAU/USD exchange rate bounced off the lower boundary of an ascending channel pattern at 1765.3 on Wednesday. As a result, the commodity surged by 175 pips or 0.99% during Wednesday's trading session. Economic Calendar Analysis On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. On Thursday, at 12:30
On Tuesday, the precious metal gold declined by 95 pips or 0.54% against the US Dollar. The commodity breached the 55– and 200– hour SMAs during yesterday's trading session. During the Asian trading session, the exchange rate has been trading near the lower line of a descending channel pattern and was set for a breakout. Economic Calendar Analysis On Wednesday, all of the
On April 26, The XAU/USD exchange rate bounced off a support level formed by the 200– hour simple moving average at 1770.0. As a result, the commodity surged by 100 pips or 0.61% during Monday's trading session. Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout. Economic Calendar Analysis On
On April 23, the precious metal Gold dropped by 247 pips or 1.38% against the US Dollar. The commodity breached the 55– and 100– hour SMAs during Friday's trading session. Economic Calendar Analysis Next week, on Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. On Thursday, at 12:30 GMT,
The high levels from 1,790.00 to 1,800.00 have been marked in a resistance zone, as it has held throughout this week. On Friday, the rate passed the support levels of the 55 and 100-hour simple moving averages, which previously provided support. Economic Calendar Analysis Next week, on Wednesday, all of the markets will move due to the release of the US Federal
The yellow metal made two attempts to reach the resistance of the 1,800.00 level. Both of them failed. On Thursday, the rate was declining, as by the middle of the day's European trading hours, the rate had almost reached the 55 and 100-hour simple moving averages. Economic Calendar Analysis There are no events expected during the upcoming week that could impact the
As forecast, the yellow metal's price has once again approached and tested the resistance of the 1,790.00 level. Namely, the price bounced off the resistance even before it approached it. During the early hours of Wednesday's trading, the price had retraced to the support of the 55-hour simple moving average. Economic Calendar Analysis There are no events expected during the upcoming week
The resistance of the 1,790.00 level was enough for the metal's price to decline and break the ascending channel up pattern, which has guided the rate since April 14. In addition, the price had passed the support of the 55-hour SMA before finding support in the 1,765.00 level. Economic Calendar Analysis There are no events expected during the upcoming week that could
By the middle of Monday's European trading hours, the yellow metal's price had reached the 1,790.00 level. Since passing the 1,750.00 level on Thursday, the price had been gradually climbing. In the near term future, the surge was expected to test the resistance of the 1,800.00 mark. Economic Calendar Analysis There are no events expected during the upcoming week that could impact
The yellow metal's price has reached above the March high level zone that was located above the 1,755.00 level. On Friday, the price found support in the 1,760.00 level. Due to that reason the zone was extended and remains on the chart, as it is expected that it would provide support. In the meantime, the metal had faced and bounced off