As forecast in the most likely scenario, gold started testing the 1,515.00 price level. By the middle of Friday's trading, the commodity price was still testing the 1,515.00 level. It was doing so by finding support in the 1,510.00 level. In general, the metal was expected to trade sideways until the hourly simple moving averages catch up with the commodity
Gold has surged back above the 1,500.00 level. The surge was caused by the US Federal Reserve rate cut. On Thursday, the yellow metal's price was expected to test previous high levels. Namely, the 1,515.00 level should be tested. Economic Calendar Analysis On Friday, November 1, the US Employment data set will be on focus - the Average Hourly Earnings, the Non-Farm
The 1,485.00 level provided the yellow metal's price with support. By the middle of Wednesday's trading the metal's price had reached the 1,495.00 level. In regards to the near term future, the metal was expected to trade sideways until the US Federal Reserve makes a rate statement at 18:00 GMT. Economic Calendar Analysis This week gold is bound to be affected
Early on Tuesday, the yellow metal's price reached the 1,485.00 level, as SWFX traders closed short positions. In regards to the near term future, the metal should consolidate above the 1,485.00 level until the oversold pressure is removed or new fundamental news are revealed. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate
The yellow metal started the week by trading near the 1,500.00 level. In general, the metal was set to be supported by hourly simple moving averages, which could cause another surge to new high levels. Economic Calendar Analysis This week gold is bound to be affected by US data and an expected rate cut. On Wednesday, October 30, the US ADP Non-Farm
On Friday morning, the XAU/USD exchange rate reached the psychological level at 1,510.00. Given that the rate is supported by the 55-, 100- and 200-hour SMAs, it is likely that some upside potential could prevail. Economic Calendar Analysis This week, there are no events left that could affect the XAU/USD rate. Next week, data releases from the US will be on focus. On Tuesday, October
On Thursday morning, the XAU/USD exchange rate was testing the support formed by the 55-, 100- nad 200-hour SMAs. If the given support holds, it is likely that yellow gold could extend gains against the US Dollar in the nearest future. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold through a value adjustment
On Wednesday morning, the XAU/USD exchange rate tested the psychological level at 1,494.00. It is likely that gold could decline against the US Dollar in the short term. In this case, yellow metal could face the support of the 55-, 100- and 200-hour SMAs. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold
On Tuesday morning, the XAU/USD exchange rate was testing the upper boundary of the medium-term descending channel. From a theoretical perspective, it is likely that gold could depreciate against the US Dollar. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold through a value adjustment of the USD. On Thursday, October 24, the
On Monday, the XAU/USD exchange rate was trading at the 1,492.00 mark. Given that the rate is squeezed by the 55-, 100- and 200-hour moving averages, it is likely that gold could consolidate against the US Dollar. Economic Calendar Analysis This week there will be one data release, which might impact the price of gold through a value adjustment of the USD. On
On Friday, the XAU/USD exchange rate tested the support formed by the 55- and 100-hour SMAs. It is unlikely that some upside potential could prevail, as gold is pressured by 200-hour SMA. Economic Calendar Analysis This week there are no events left that could affect the XAU/USD pair. Next week there will be one data release, which might impact the price of gold
On Thursday, the XAU/USD exchange rate tested the upper boundary of the falling wedge pattern. From a theoretical point of view, some downside potential could prevail within the following trading hours. Economic Calendar Analysis This week there are no events left that could affect the XAU/USD pair. Next week there will be one data release, which might impact the price of gold through
On Wednesday, the XAU/USD exchange rate was trading at the psychological level at 1,480.00. Given that the rate is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, there will be one data release, which might impact the price of gold through a value adjustment of the USD. Today, at 12:30
On Tuesday, the yellow metal's price remained below the 1,500.00 level. In general, the price was expected to trade sideways. The sideways trading should eventually end with a break out. Economic Calendar Analysis This week, there will be one data release, which might impact the price of gold through a value adjustment of the USD. On Wednesday, at 12:30 GMT the US Retail Sales
On Friday, gold reconfirmed the support of the large scale ascending channel that can be seen on the daily candle chart. In regards to the short term, the commodity price was about to test resistance levels at the 1,500.00 level. Economic Calendar Analysis This week, there will be one data release, which might impact the price of gold through a value adjustment of
The yellow metal made an attempt to once more pass the resistance of the 1,515.00 level, and the price failed at the attempt. By the middle of Friday's trading the rate was trading around the 1,505.00 mark. Economic Calendar Analysis No data releases are expected to impact the price of gold during Friday. Next week, there will be one data release, which
After a short lived surge above 1,515.00 on Wednesday, gold declined back down to support levels near 1,505.00 on Thursday, In general, a surge or sideways trading was speculated to be the most likely future scenarios for the commodity price. A decline is considered unlikely. Economic Calendar Analysis Today the US CPI will be released at 12:30 GMT. This release could
During today's morning, the price for gold re-tested the psychological level at 1,510.00. Note that yellow metal is supported by the 55-, 100- and 200-hour moving averages. Thus, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. On Thursday, the
In general, Gold remains near the 1,500.00 level. Although, the high volatility of the metal provides some traders with the opportunity to profit. Economic Calendar Analysis On Wednesday, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. On the same day the US CPI will be released at 12:30 GMT. Meanwhile, next week's notable event overview and
Due to the US Employment data strengthening the US Dollar, gold failed at breaking the resistance of the 1,515.00 level. US Employment Data The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 3.5% compared with the forecast of 3.7%. According to the official release: "In September, the unemployment rate declined by 0.2 percentage point
The metal broke the resistance of the 1,505.00 level, as the US ISM Non-Manufacturing PMI beat down the value of the USD on all charts. US ISM Non-Manufacturing PMI The Institute for Supply Management released the US ISM Non-Manufacturing PMI survey data results, which came out worse-than-expected of 52.6 compared to the forecast of 55.1. The Chair of the Institute for Supply Management
On Thursday, the rate was testing the resistance of the 1,505.00 level. The commodity price was consolidating below that level in the aftermath of a surge that occurred on Wednesday. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of 50.4. The Chair of
The release of the US ISM Manufacturing PMI on Tuesday pushed gold up to the 1,485.00 level. By the middle of Wednesday's trading, future forecasts were based on what would happen at that level. US ISM Manufacturing PMI The Institute for Supply Management released the US ISM Manufacturing PMI survey data results, which came out worse-than-expected of 47.8 compared to the forecast of
Gold has reached new low level by sharply tumbling at the middle of Monday's trading session. Namely, the 1,460.00 level was reached already on Tuesday morning. Economic Calendar Analysis This week, there are a couple of US macroeconomic data releases, which might impact gold through the strength of the US Dollar. On Tuesday, the US ISM Manufacturing PMI is set to be released