On Thursday, the yellow metal's price ended trading just above the 1,710.00 level, as the rate attempted a surge. However, by mid-day the bullion still remained below 1,740.00 mark. In the near term future, it was expected that the metal's price could surge to the 1,740.00 level and test its resistance. Economic Calendar Analysis On Thursday, all attention is expected to be
After almost touching the 1,750.00 mark on Tuesday, the yellow metal declined to the 55-hour SMA near the 1,710.00 level. The metal's price was expected to trade sideways until it would resume its surge. Economic Calendar Analysis Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the scheduled macroeconomic events, but avoid using historical data for guidance. Namely, the whole
The yellow metal trades above the 1,700.00 level. By the middle of Tuesday's GMT trading hours, the rate had almost reached the 1,730.00 level. However, additional gains were not expected, as the rate had begun to trade sideways around the 1,720.00 mark. Economic Calendar Analysis Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the scheduled macroeconomic events, but
Instead of reaching the 1,640.00 level the yellow metal's price found support In the 1,645.00 level. The metal traded just above this level until 06:00 GMT. Afterwards, the rate resumed its surge and began to test the resistance of the 1,660.00 level. Economic Calendar Analysis Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the scheduled macroeconomic events, but
Just before midday GMT hours, the yellow metal passed the support of the 55-hour simple moving average, which had kept the commodity price up throughout the first half of the day. Due to the passing of the SMA, the price was expected to reach for the support of the 1,640.00 level, which would soon be strengthened by the 100-hour SMA. Economic Calendar
The scenario of the metal's price surge up to the 1,670.00 level has become reality. The metal reached the target shortly before GMT midnight hours. On Tuesday, after touching the 1,675.00 level, the price began a decline, which was finding support in the 1,650.00 level. Economic Calendar Analysis As it occurred during the last week, due to the fundamental changes in the markets,
On Monday, the yellow metal's price tested the resistance of the 1,640.00/1,645.00 zone. This zone stopped the metal's attempts to surge in late March. The commodity price's future was based upon what would happen in the zone. Economic Calendar Analysis As it occurred during the last week, due to the fundamental changes in the markets, Dukascopy Analytics suggest to note the scheduled macroeconomic
On Thursday, the yellow metals price was successful on its third attempt to pass the resistance of the 1,600.00 level. By the middle of Friday's GMT trading hours, the rate had reached the 1,620.00 level. In the future, the pair was expected to use the support of the hourly simple moving averages to reach for the 1,640.00 level, which was slowing
Since Wednesday morning, the yellow metal's price had been fluctuating between the 1,575 and 1,600.00 level, as the 1,600.00 kept providing resistance. In addition, by the middle of Thursday's GMT trading hours, the commodity price had additional resistance, which was provided by the 55 and 200-hour simple moving averages. Economic Calendar Analysis During this week, data can be ignored, as the fundamental background
As forecast, gold reached the support of the 200-hour simple moving average, as soon as the 1,600.00 level's support failed and was confirmed as resistance. On Wednesday, the pair found support in the 200-hour SMA, 1,570.00 level and the new monthly simple pivot point at 1,577.89. Economic Calendar Analysis During this week, data can be ignored, as the fundamental background has changed due
On Tuesday, the yellow metal declined to the 1,600.00 level. By reaching that level the commodity price passed the support of the monthly pivot point and the 55 and 100-hour simple moving averages. In general, if the support of the 1,600.00 would fail, the pair could drop as low as the 200-hour simple moving average near 1,572.00. Economic Calendar Analysis During this week,
The 1,640.00 price level continues to hold, as the yellow metal trades sideways between the 1,640.00 and support levels near 1,620.00. On Monday, the rate was approached by the additional technical support of the 100-hour SMA. In theory, the simple moving average should push the commodity price up. Economic Calendar Analysis During this week, data can be ignored, as the fundamental background has
As expected, the yellow metal did another test of the resistance of the 1,640.00 level. The price failed to surge higher and retreated to the support of the 55-hour simple moving average near the 1,620.00 level. Afterwards, the rate started fluctuating almost flat just above the SMA. Economic Calendar Analysis Next week, data can be ignored, as the fundamental background is so much
After testing the support of the 1,600.00 level for four times since Wednesday morning, the yellow metal began to surge on Thursday. It occurred, as the commodity price got approached by the 55-hour simple moving average. In regards to the near term future, another test of the 1,640.00 level was expected. Economic Calendar Analysis The macroeconomic data release week will end with the
The surge of the yellow metal eventually bounced off the 1,640.00 level and declined to the 1,600.00 level. The decline was seen as a consolidation of the commodity price before resuming its surge. Economic Calendar Analysis The macroeconomic data release week will end with the US Final GDP data release on Thursday at 12:30 GMT. Meanwhile, next week's data is available. Click on the
On Tuesday, the yellow metal's price passed the 1,600.00 level and touched the 1,620.00 mark. By the middle of the day's GMT trading hours, the 1,620.00 was keeping the commodity price from surging higher. Economic Calendar Analysis This week, there are couple of events that could affect the XAU/USD exchange rate. On Wednesday, March 25, the US Durable Goods Orders data will be released
During Friday, the XAU/USD exchange rate consolidated in the 1,500.00 area. During Monday morning, the price for gold maintained its consolidation. Economic Calendar Analysis This week, there are couple of events that could affect the XAU/USD exchange rate. On Wednesday, March 25, the US Durable Goods Orders data will be released at 12:30 GMT. Later this day, the US Crude Oil Inventories are
During Friday morning, the XAU/USD exchange rate consolidated near the support formed by the 55- and 100-hour SMAs, as well the Fibo 23.60% in the 1,500.00 area. Given that the rate is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, there are no events left that could affect the
During Thursday morning, the XAU/USD exchange rate was testing the monthly S2 at 1,466.10. Given that the rate is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, there are no events left that could affect the XAU/USD rate. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this week, as the
Yesterday, the XAU/USD exchange rate tried to surpass the 1,540.00 level. During Wednesday morning, the rate was testing the support level – the Fibonacci 23.60% retracement at 1,497.76. Economic Calendar Analysis This week, there are no events left that could affect the XAU/USD rate. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this week, as the market environment has changed to such
The yellow metal's price faced the support level formed by the monthly S2 at 1,466.10. Gold could remain under pressure of the 55-hour SMA near 1,530.00 and trade downwards in the short term. Economic Calendar Analysis Today, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week is set to
The yellow metal's price continued to plummet on Monday, as by the middle of the day's GMT trading hours the price was close to 1,450.00. Moreover, if this level would fail to hold, the price would reach for the 1,400 level. Economic Calendar Analysis On Tuesday, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday,
The decline of the yellow metal passed the support of the 1,600.00 level and reached the 1,560.00 mark. In general, the forecast of a decline had become reality. Economic Calendar Analysis Next week, on Tuesday, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week is set to occur, as
On Thursday, the yellow metal's price plummeted down to the monthly pivot point at 1,607.95. Future forecasts were based upon what would happen at this level. Economic Calendar Analysis The week's historical data is available. Click on the link below to see the historical data tables with the reactions to various events. Read More: 09.03-13.03 Event Historical Reactions XAU/USD short-term forecast In the