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
The resistance zone of 1,953/1,965.70 held out since the middle of Tuesday. At mid-day on Wednesday, the resistance caused a drop, which retraced back down to the 1,930.00 level. In the meantime, the support of the hourly simple moving averages had approached the commodity price. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. On
The resistance of the 1,935.00 level failed on Monday. Moreover, by the middle of Tuesday's trading, the rate had confirmed the level as support and started a surge. The surge was expected to test the November high levels, which were located from 1,953.00 to 1,965.70. Economic Calendar Analysis The first week of the year is bound to have notable data releases. The top
Previously, gold was squeezed in on the daily candle chart. This resulted in a break-out. The break-out moved up and broke the long term channel down pattern, which guided the metal's price since August. In regards to the short term forecasts, the rate was testing the resistance of the 1,935.00 level. Future depended on whether or not this resistance level holds. Economic
Since the late hours of Monday's trading up to the start of Tuesday's US trading, the commodity price was kept up by the 200-hour SMA. In the meantime, the metal's price was reaching higher highs after each bounce off from the support of the simple moving average. Economic Calendar Analysis The first week of the year is bound to have notable data releases.
After two tests to pass the resistance zone that starts near the 1,900.00 level, the yellow metal's price retreated on Monday to the support of the 200-hour simple moving average. Since the late hours of Monday's trading up to the start of Tuesday's US trading, the commodity price was kept up by the 200-hour SMA. Economic Calendar Analysis On Thursday, at 13:30 GMT,
At midnight to Monday GMT hours, the yellow metal made an attempt to pass the resistance zone that starts below the 1,900.00 level. The price's attempt to surge was stopped by the 1,900.00 level's psychological resistance. It resulted in a decline to the 200-hour SMA, which has kept the price up since December 16. By the start of US trading hours,
As it was expected, due to the rate passing the support of the 100-hour SMA, the rate reached the combined support of the 23.60% Fibonacci retracement level and the 200-hour simple moving average. On Wednesday, the rate was recovering from the support of these levels and could soon approach the resistance of the 55-hour SMA, which kept the metal down throughout
Since the middle of Monday's European trading hours, the yellow metal has traded between the 55 and 100-hour simple moving averages. The situation changed on Tuesday morning, as the rate passed the support of the 100-hour SMA. However, this did not result in the previously expected decline to the support of the 23.60% Fibonacci retracement level at 1,860.60 and the
After reaching above the 1,905.00 mark, the yellow metal's price plummeted on Monday morning, as it reached back to the support of the 200-hour simple moving average at 1,855.58. From that level, the rate retraced back up to trade between the support of the 100-hour SMA and the resistance of the 55-hour SMA. Future forecasts were based upon which of the
The XAU/USD exchange rate touched the 1,895.00 level. In general, the metal's price was expected to test the resistance of the 1,900.00 level, which could force the rate into a consolidation by either trading sideways or retracing back down. Economic Calendar Analysis There are no more notable events for the metal this week. However, during Thursday's trading hours the next week's event
The surge of the metal that occurred after confirming the 1,850.00 level as support reached above the 1,895.00 level by the start of Thursday's US trading hours. In general, the metal's price was expected to test the resistance of the 1,900.00 level, which could force the rate into a consolidation by either trading sideways or retracing back down. Economic Calendar Analysis There are