On Thursday, the price for gold was trading at the psychological level at 1,278.00. Given, that the XAU/USD exchange rate is pressured by the 200-hour SMA, it is unlikely, that bulls could prevail in the market. Economic Calendar Analysis During this week there will be a couple of macroeconomic events to watch, avoid or trade. On Thursday, the US Durable Goods Orders data
On Wednesday, the price for gold was pressured by the 55- and 100-hour SMAs, as well the monthly S1 and the Fibo 38.20% at 1,274.0. If the given resistance does not hold, it is expected, that gold could reach the psychological level at 1,276.00. Economic Calendar Analysis During this week, there will be a couple of macroeconomic events to watch, avoid or
The Friday's forecast was correct, the rate surged up to the 100-hour simple moving average, which pushed the commodity price down. On Tuesday, the gold price had reached below all of the support levels near the 1,273.00 level. This fact indicated that the price could continue its decline. Economic Calendar Analysis During this week there will be a couple of macroeconomic events
On Friday morning gold passed the resistance of the 55-hour simple moving average near the 1,275.50 level. This event signalled that the commodity price is set to surge. If the surge occurs, the rate will aim for the resistance of the 100-hour simple moving average, which on Friday was located at 1,281.15. Economic Calendar Analysis There will be no more significant data being
On Thursday, the yellow metal's price was being pushed down by the 55-hour simple moving average. During the push down the support cluster at 1,274.00 was pierced. This event signalled that the decline of the commodity price could continue. Economic Calendar Analysis This week's data releases will end on Thursday. At 08:30 GMT, the UK Retail Sales will be published. Afterwards, the Canadian
Gold has reached a new low level. The commodity price has reached a support cluster near the 1,275.00 level. The rate is expected to consolidate its recent gains and wait up for the resistance of the simple moving averages. The SMAs are expected to push the rate down. Economic Calendar Analysis On Wednesday, the UK Consumer Price Index will be released at
The low level set as target by Dukascopy Analytics has been reached. Gold reached the 1,282.56 level during the second half of Monday's trading session. In regards to the near term future, it is expected that the commodity price will reach new levels, as it is being pushed down by the 55-hour simple moving average. Economic Calendar Analysis This week has notable data
As expected, gold prices continued to fall and have reached a new low level. By the middle of Monday's trading session the commodity price had almost reached the 1,285.00 level. On Monday, Dukascopy Analytics charts had no technical support as low as the 1,282.50 level. That was used as the target for the metal's decline. Economic Calendar Analysis This week has notable data
The previously started decline of the gold price continued on Friday. The metal had fallen down to the 1,290.00 level. In addition, the decline was expected to continue in the near future. Economic Calendar Analysis This week's data releases have ended. Wait for Monday, as on that day Dukascopy Analytics will publish the weekly Economic Calendar Overview. In the video all of the
Gold reached the target of 1,310.00 on Wednesday. After touching the level gold began to decline. By the middle of Thursday's trading session the yellow metal's price was located at the 1,305.00 level. At that level the price was supported by the 55-hour SMA and the lower trend line of a channel up pattern. Economic Calendar Analysis On Thursday, the week's events
Gold is making attempts to surge through the resistance of the 1,305.00 level. It is making short lived surges above it before declining back down. Although, the situation could change in the future, as during the second half of Wednesday's trading the 55-hour simple moving average was approaching the commodity price from below. Economic Calendar Analysis Wednesday will end with an above all
After trading sideways near the 1,300.00 level gold was surging on Tuesday morning. The price was still expected to climb higher, as it had no technical resistance as high as 1,309.30. Economic Calendar Analysis This week data releases are set to start on Wednesday. On that day the calendar is full of events that have impacted various currencies in the past. During the
On Monday, gold prices jumped at the middle of the day. The price jumped up to 1,304.00. The surge occurred as soon as the commodity price managed to break the resistance of the 1,298.00 level. In regards to the near term future, the price was expected to climb higher, as it had no technical resistance as high as 1,309.30. Economic Calendar
The yellow metal's price has made a sharp drop and an almost immediate recovery. The event was caused by a break out from the sideways trading that was stopped by the 100-day simple moving average. The event signals that gold price is favouring a move down for the medium term future. Economic Calendar Analysis On Friday, at 12:30 GMT the US and Canadian
On Thursday, the yellow metal marked its fifth consecutive trading session of sideways trading. The metal remained at the 1,290.00 level. Meanwhile, on the hourly chart technical signals could be observed that indicated that a surge of the metal might occur in the near term future. Economic Calendar Analysis Until Friday there are no notable macroeconomic data releases scheduled to take place. On Friday,
On Wednesday, the yellow metal's price fluctuated near the 1,290.00 level. During the second half of the day the price had fallen below the support of hourly simple moving averages. After falling below the SMAs the metal had no technical support as low as 1,275.00. In theory, the metal was about to fall. Economic Calendar Analysis Until Friday there are no notable macroeconomic
Gold has plummeted and quickly reached the previously set target at 1,295.00. The move has actually happened too fast. Due to that reason it is expected that the metal will consolidate and trade sideways before continuing. Economic Calendar Analysis On Friday, there will be two releases. First will be the UK Current Account publication at 09:30 GMT. This event is expected to
On Thursday morning the yellow metal was testing the support of a medium scale ascending channel pattern near 1,310.00. If that support level would get passed, the commodity price would fall, as there is no technical support as low as the 1,295.00 level. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be
As expected, gold reached down to the 1,315.00 level. There it found support at and began to trade in the range between 1,314.00 and 1,318.00. The rate was expected to break the sideways trading in the near future. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data
After reaching the 1,325.00 level on Monday, gold was retreating on Tuesday down to the technical support levels near 1,315.00. At the 1,315.00 level the 55-hour simple moving average was the main support to the commodity price. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data releases.
On Friday morning gold prices were surging up without any technical resistance level as high as the 1,320.00 level. The rate was expected to test a pivot point at 1,321.00 and the psychological resistance of the 1,320.00 level. Economic Calendar Analysis On Friday, the last event of the week will be the Canadian CPI and Core Retail Sales release at 12:30 GMT. For
Gold price has tested the 1,310.00 as expected. In addition, the metal's price has continued to trade afterwards in accordance with the trend patterns. To be exact, a large scale pattern's resistance line pushed the rate down at the 1,310.00 level and was still holding during the second part of Wednesday's trading. Economic Calendar Analysis This week will be busy for fundamental announcement
The yellow metal has surged above the 1,305.00 level on Tuesday. The commodity price is expected to reach the 1,310.00 level, which is expected to once more provide resistance to the rate, as it did during the previous week. Economic Calendar Analysis This week will be busy for fundamental announcement traders. Both the central banks and various statistics offices are set to
On Monday, the yellow metal's price broke a dominant resistance line near the 1,305.00 level. The price had decreased volatility on Monday, as it traded in the range between 1,304.00 and 1,306.00. The commodity was waiting for future signals. One could be provided by the Federal Reserve announcements on the future value of the USD on Wednesday. Economic Calendar Analysis This week will