The yellow metal has been trading sideways between 1,870.00 and 1,890.00 since the coronavirus vaccine caused drop. However, on Wednesday the commodity price was being approached by the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Thursday, at 13:30 GMT USD pairs could move because of the release of the US Consumer Price Index and the Unemployment Claims. On Friday, the
On Monday, the price for the yellow metal plummeted more than 100 USD per ounce or 5.53%. The surge was caused by news from a public company. Pfizer announced that its Covid-19 vaccine was effective in more than 90% of cases in a large scale study. This event caused a risk on sentiment. Safe haven assets like the Japanese Yen
Gold plummeted on Monday, as risk on sentiment took over the markets. The sentiment was caused by news from Pfizer that it had finished testing its coronavirus vaccine and it is effective in more than 90% of cases. The drop of the yellow metal found support in the monthly pivot point at the 1,901.26 level. Economic Calendar Analysis On Thursday, at 13:30 GMT
The surge of the yellow metal continues, as all safe haven assets gain during the ongoing sell off of the US Dollar. By the middle of Friday's GMT trading hours, the pair had broken the resistance of the 1,950.00 mark. In the near term future, the metal should continue to surge, as it had no technical resistance and the ongoing
Gold managed to pass the resistance of the 1,915.00 level on Thursday morning. The rate eventually reached the monthly pivot point at 1,928.54, which paused its decline at mid-Thursday. Near term future forecasts were based upon what would happen at the pivot point. Economic Calendar Analysis On Thursday, expect the weekly US Unemployment Claims to cause a minor move at 13:30 GMT. Later
During and after the day of the US Presidential Election the yellow metal has traded in the range from 1,885.00 to 1,915.00. This has occurred despite no clear election results. Due to that reason a larger move can be expected, as soon as the results are announced. In the meantime, it was spotted that the 100-hour SMA managed to provide support
On Tuesday, the yellow metal's price was testing the resistance of the 1,900.00 level, which it reached during the morning hours. Future scenario forecasts were based upon what would happen at this level. However, note that the fundamental information on the ongoing US Elections is bound to crash technical charts. Economic Calendar Analysis US Elections on Tuesday are bound to take away all
On Friday, the yellow metal's price traded sideways between the 1,865.00 and 1,880.00 level. The price began to do so after dropping to 1,860.00 on Thursday. In the meantime, the hourly simple moving average had caught up with the price. Economic Calendar Analysis Next week, US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there
The drop of the yellow metal's price stopped at the 1,870.00 level, which provided support and caused a price surge. The surge reached the resistance of the 1,885.00 level. By mid-day on Thursday, the commodity has been trading sideways between the 1,875.00 and 1,885.00 levels. Economic Calendar Analysis On Thursday, at 12:30 GMT two events will be released that the financial media will
On Wednesday, the yellow metal's price plummeted more than 1.50%. The drop was caused by the growing strength of the US Dollar. The surge of the USD was attributed to the markets selling off various assets in preparation for the US Elections. Economic Calendar Analysis On Thursday, at 12:30 GMT two events will be released that the financial media will talk about.
On Monday, the rate managed to pass the resistance of the 55 and 200-hour simple moving averages. It resulted in a failed attempt to pass the 1,910.00 level. On Tuesday, the rate had declined and found support in the 1,900.00 mark. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT. On
On Monday, the yellow metal's price surged and reached the resistance of the 55 and 200-hour simple moving averages at 1,905.00. Future forecasts were based upon whether the two technical resistance levels manage to hold the price down or not. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT. On Thursday,
On Thursday, the yellow metal did not find enough support in the 55, 100 and 200-hour simple moving averages. Instead, the metal dropped, passed the lower trend line of a channel up pattern and touched the 1,895.00 mark. On Friday, the commodity price was recovering after the recently experienced drop. By the middle of the day, the price had reached the
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