Yesterday, the price for gold re-tested the psychological level at 1,550.00. During today's morning, the XAU/USD exchange rate declined to the support cluster formed by the 55-, 100- and 200-hour SMAs. If it holds, yellow metal could add to gains against the Greenback. Economic Calendar Analysis This week there are a couple of US data releases on the economic calendars that are shown
As apparent on the chart, yellow metal is still squeezed by the 100- and 200-hour moving averages. Thus, it is likely that gold could consolidate against the US Dollar within the following trading session. If the given resistance does not hold, bulls could prevail in the market.Economic Calendar Analysis This week there are a couple of US data releases on the economic
As apparent on the chart, yellow metal is squeezed by the 55-, 100- and 200-hour moving averages.Thus, it is likely that gold could consolidate against the US Dollar within the following trading session. Economic Calendar Analysis This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Tuesday, at 14:00 GMT the US
The yellow metal's price has declined, as the US Dollar is gaining value. The decline of the bullion was stopped on Thursday by the combined support of the 200-hour SMA and a pivot point at 1,521.60. Economic Calendar Analysis This week's data releases have ended. See the reports in the Fundamental Analysis section. In regards to the next week, there are a couple of
On Thursday morning, gold tested the 1,550.00 level, as it was expected on Wednesday, In general, the metal was expected to trade sideways below 1,550.00 until the hourly simple moving averages push it into the historical high level of 1,555.00. Economic Calendar Analysis On Thursday, at 12:30 GMT the US Preliminary GDP might impact the price of gold. XAU/USD short-term forecast In general,
On Wednesday, the yellow metal's price found support in the 55-hour simple moving average at 1,535.00. In general, the metal's price is expected to test the resistance of the 1,545.00 level, which kept the price down on Tuesday. Economic Calendar Analysis On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. XAU/USD short-term forecast The yellow metal is expected
The yellow metal's price was consolidating on Tuesday. The commodity price was expected to end the sideways trading as soon as the support of the hourly simple moving averages approaches from below. Economic Calendar Analysis On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. XAU/USD short-term forecast During the previous trading session, gold traded sideways against the
A Trump tweet about trade tariffs propelled the yellow metal's price above the 1,550.00 level. Although, on Monday morning the rate retraced down to the 1,530.00 level. Economic Calendar Analysis On Monday, at 12:30 GMT the US Durable Goods Orders and Core Durable Goods Orders data will impact the pair. On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published.
The yellow metal's price has remained under the resistance of the hourly simple moving averages. In general, it is expected to continue to fluctuate sideways until the speech of Jerome Powell that is scheduled for 14:00 GMT. Economic Calendar Analysis There are no data releases scheduled for the rest of the week that might impact the price of gold through the strength of
Since the start of the week, the yellow metal continued to trade below the resistance of hourly simple moving averages. By the middle of Thursday's trading, the situation had not changed. Economic Calendar Analysis There are no data releases scheduled for the rest of the week that might impact the price of gold through the strength of the US Dollar. XAU/USD short-term forecast The
On Wednesday, the yellow metal's price decline below the resistance of the hourly simple moving averages. In general, the commodity price was expected to be pushed down by the simple moving averages. Economic Calendar Analysis Meanwhile, take into account that this week the FOMC Meeting Minutes are set to be published at 18:00 GMT on Wednesday. XAU/USD short-term forecast Yesterday, the XAU/USD exchange
During today's morning, the XAU/USD exchange rate was testing the 55-, 100- and 200-hour SMA, located circa 1,507.00.If the given moving averages do not hold, it is likely, that yellow metal could appreciate against the US Dollar in the short term.Economic Calendar Analysis Meanwhile, take into account that this week the FOMC Meeting Minutes are set to be published at 18:00
During Monday's morning, the price for gold declined to the psychological level at 1,500.00. Given, that yellow metal is pressured by the 55-, 100- and 200-hour SMAs, it is likely, that gold could depreciate against the US Dollar in the short term.Economic Calendar Analysis Meanwhile, take into account that this week the FOMC Meeting Minutes are set to be published at 18:00
Since midnight from Thursday to Friday in the GMT time zone, the yellow metal's price has been declining. During the morning hours, it appeared that the bullion will reach the 1,500.00 level. At the 1,500.00 level the metal's price would meet with the support of the 200-hour simple moving average. At that level either a reversal will occur or the decline
The recovery of the yellow metal's price had reached the 1,525.00 level on Wednesday. That level was continuing to provide resistance to the commodity price on Thursday. In general, the price was squeezed in between the support levels at 1,510.00 and the 1,525.00 level. Economic Calendar Analysis On Thursday, the US Retail Sales are expected to cause a move at 12:30 GMT. Note
The yellow metal's price was testing the 1,535.00 level, as it was announced that Donald Trump will not set new tariffs on China. The event caused a drop of the metal to 1,480.00 level. Although, immediately after the drop, the metal recovered back to the 1,500.00 level, from where it was surging at the middle of Wednesday's London trading hours. Economic Calendar
The breakout of gold occurred on Monday, The metal passed the resistance of the 1,510.00 level. By the middle of Tuesday's trading the commodity price had already reached the 1,535.00 level. Economic Calendar Analysis During this week there are a couple of government macroeconomic data releases, which might cause sudden moves in the value of the USD. If the value of the USD
Gold's price still remains below the 1,510.00 level. On Monday, another attempt was about to be made to pass the resistance of this high level. Meanwhile, note that the commodity price made a retracement back down to the 1,490.00 level, during which the 100-hour simple moving average approached from below. Economic Calendar Analysis During this week there are a couple of government macroeconomic
Gold's price has remained below the 1,510.00 level, as the round level is providing psychological resistance. Meanwhile, note that the support of the 55-hour simple moving average has approached. It was providing notable support on Friday. Namely, the commodity price was no longer retracing down below the 1,500.00 level. Economic Calendar Analysis This week there will be no more data releases occurring, which
As expected, gold reached the 1,500.00 level on Wednesday. Moreover, during the second half of the day, the 1,510.00 mark was already touched. On Thursday, the commodity price was consolidating by trading sideways. Most likely the surge would resume, as soon as the hourly simple moving averages approach the price from below. Economic Calendar Analysis This week there will be no more data
On Wednesday, the surge of the yellow metal continued, as by the middle of the day, the 1,490.00 level was reached. Moreover, the commodity price had no technical resistance, which could stop it from the surge. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony
Yesterday, the price for gold reached the 1,475.00 level. Latest Fundamental Event Report Institute for Supply Management released the US Non-Manufacturing PMI data, which came out worse-than-expected of 53.7 compared with the forecast of 55.5. Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee commented: "The NMI registered 53.7 percent, which is 1.4 percentage points lower than the
The yellow metal has reached a new high level, as the initial strengthening of the USD passed and a sell off began on Thursday. The surge has reached the 1,450.00 level, where it met with a dominant patterns trend line and a monthly pivot point. Latest Fundamental Event Report The Federal Reserve released the Federal Funds Rate data, which came out in line
Gold dropped to the 1,405.00 level on Thursday, as the US Dollar was surging due to the announcement made by the head of the Federal Reserve. Namely, don't expect more rate cuts this year. The sharp decline of the metal's price was expected to consolidate by trading sideways or retracing back up on Thursday. Economic Calendar Analysis On Thursday, the ISM Manufacturing PMI