On Friday morning the yellow metal remained near previous trading levels. Moreover, it could be seen that this almost flat trend might continue.
For the third consecutive trading session the metal traded near the 1,225 mark on Thursday morning. However,
On Wednesday morning the yellow metal's price remained near the 1,225 mark. However, various new technical information had come in.
The drastic fall of the bullion was stopped by support at the 1,220 mark. As a result a rebound commenced on Tuesday morning.
The bullion continues on its path lower. On Monday the commodity price confirmed the theory that the long term ascending channel pattern will be broken.
The breakout of the triangle pattern has occurred. However, not in the expected direction.
The yellow metal remains in the previous range below the 1,250 mark. However, various clues have revealed the future direction of the bullion.
The yellow metal's price on Wednesday morning continued to fluctuate in the rate established during Tuesday's trading session.
The bullion's price was recovering on Tuesday. However, the metal hit a strong resistance cluster during the morning hours.
The yellow metal has tumbled down by 1.5% during the middle of the morning analysis creation. For the reason of the fall one does not have to look far,
After triggering bullish trader stop losses by suddenly falling below the 1,250 mark on Thursday, the yellow metal continued its surge on Friday morning.
The bullion continues to move higher on Thursday, as the yellow metal's price reached for the 1,255 mark.
It seems that the reversal of the direction of the bullion is about to occur. Various clues indicate that the turning point is close.
As it was expected, the metal's price has fallen below 1,245 mark. However,
The bullion has passed the support cluster, which held back the decline of the precious metal for more than two consecutive trading sessions.
The bullion has reached the target zone set by Dukascopy analysts on Thursday, and it is expected that the commodity price
Just as most other financial instruments traded against the US Dollar the yellow metal's price experienced high volatility in the past 24 hours. However,
On Wednesday morning the bullion started to trade in range between the weekly PP from the top and 55-period SMA from the bottom.
On Tuesday morning the yellow metal traded in the range between the 20 and 55-day SMAs, which were expected to
The yellow metal has passed the support of the medium term pattern, which held the course higher.
The yellow metal seems to be trading in accordance with the technical aspects of the commodity price.
The yellow metal continues to extend its decline into Thursday's trading session.
The yellow metal started the day above all the resistance levels, which it faced on Tuesday. However, a retreat began instead of a jump.
For the bullion Tuesday is another session of major gains, as the metal touched the 1,290 mark during the early hours of the day's trading.