During today's morning, the XAU/USD exchange rate was trading near the psychological level at 1,505.00. Given that gold squeezed by the 55- and 100-hour moving averages, the price for the commodity could consolidate in the short term. Economic Calendar Analysis Today, the US Retail Sales data will be published at 12:30 GMT. Next week there will not be many events that could have
During today's morning, the XAU/USD exchange rate was trading near the psychological level at 1,505.00. Given that gold is supported by the 55- and 100-hour moving averages, the price for the commodity could go upwards. Economic Calendar Analysis This week, there will be a couple of data releases from the US that could have an impact on the price for gold. Today, the
The yellow metal has traded between the support of the 1,485.00 and 1,500.00 levels. The commodity price was consolidating after the decline that has been occurring since September 4. Meanwhile, the resistance of the hourly simple moving averages was approaching. Economic Calendar Analysis This week, there will be a couple of data releases from the US that could have an impact on
A break out has occurred on gold's charts. The metal pierced the lower trend line of an ascending channel pattern due to the resistance of the 55-hour simple moving average. The SMA pushed the rate through the support line of the channel up pattern. The decline resulted in the metal's price reaching below the 1,490.00 level. Economic Calendar Analysis This week, there will
On Monday morning, the yellow metal's price continued to test the lower trend line of a channel up pattern near 1,505.00. The rate was expected to get squeezed between the described trend line and the resistance of the 55-hour simple moving average that was sharply heading down. Economic Calendar Analysis This week, there will be a couple of data releases from the US
Yesterday, the price for gold tumbled to the 1,510.00 level. During today's morning, the XAU/USD exchange rate was trading at the 1,505.00 mark. It is likely that yellow metal could consolidate against the US Dollar in the short run. Economic Calendar Analysis Today, US employment data will be published. The event will have three numbers being revealed – the Average Hourly Earnings, Non-Farm
Yesterday, the price for gold re-tested the psychological level at 1,555.00. During today's morning, the XAU/USD exchange rate made a reversal south. Note that yellow metal could gain support of the 55-, 100- and 200-hour SMAs. Economic Calendar Analysis This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, the US ADP Non-Farm
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