On Tuesday, the yellow metal dipped below the support zone of 1,810.00 level. However, the price almost immediately found support in the 100-hour simple moving average near 1,802.00. On Wednesday, the price had recovered and traded sideways around the 1,815.00 level. Economic Calendar Analysis This week, the price could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index
The yellow metal's price, on Monday, retraced down and found support in the late-August high level zone near 1,805.00/1,810.00. On Tuesday morning, additional support was approaching the bullion. Namely, the 55-hour simple moving average reached above the 1,810.00 level. Economic Calendar Analysis This week, the price could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday
On Friday, the price for gold jumped, as it passed the 1,800.00 level and other round price levels. The surge ended when the price made an attempt to pass the resistance of the 1,820.00 mark. After shortly trading above the 1,820.00 level, the rate retreated to trade below it. Economic Calendar Analysis This week, the price could be
On Thursday, the yellow metal's price rose by 110 pips or 0.62%. The commodity breached the 55– and 100– hour simple moving averages during Thursday's trading session. Economic Calendar Analysis XAU/USD short-term forecast All things being equal, the precious metal could continue to trend bullish during the following trading session. The potential target for bulls will be near
On August 25, the XAU/USD exchange rate fell by 121 pips or 0.67%. The decline was stopped by the 200– hour simple moving average during Wednesday's trading session. Economic Calendar Analysis On Thursday, the US Preliminary GDP could cause a notable reaction in the markets. XAU/USD short-term forecast By and large, the commodity is likely to continue to edge lower
After encountering resistance at the 1,810.00 level, the price for gold began a decline. On Wednesday, the decline had reached the 1,792.40/1,795.60 support zone. Since reaching the zone, the commodity price has been trading sideways in it. Economic Calendar Analysis On Wednesday, US Durable Goods Orders release at 12:30 GMT could cause an adjustment in the value of the US
The yellow metal passed the resistance zone below the 1,795.00 level in a sharp move upwards. During the surge, the rate passed the 1,800.00 mark and confirmed the 1,795.00 level as support. Since the surge at mid-day on Monday, the commodity price has been trading sideways around the 1,805.00 level. Economic Calendar Analysis On Wednesday, US Durable Goods Orders release at
Since August 18, the yellow metal's price has been fluctuating between the support of the 1,775.00/1,777.00 zone and the resistance of the 1,792.00/1,796.00 levels. Meanwhile, the commodity price was ignoring the 55 and 100-hour simple moving averages that were located between the mentioned zones. Economic Calendar Analysis On Wednesday, US Durable Goods Orders release at 12:30 GMT could cause an
On Thursday, the yellow metal's price declined by 100 pips or 0.55%. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session. Economic Calendar Analysis XAU/USD short-term forecast Technical indicators suggest that the commodity is likely to continue to edge lower. Bearish traders could target the 200– hour simple moving average at 1763.9 within
On Wednesday, the yellow metal's price declined by 108 pips or 0.61%. The commodity breached the 55– hour simple moving average during yesterday's trading session. Economic Calendar Analysis On Thursday, the US Unemployment Claims could cause a move from 5.9 to 28.8 pips. XAU/USD short-term forecast The exchange rate breached the lower boundary of an ascending channel pattern during the Asian session
The yellow metal's price decreased by 134 pips or 0.75% on Tuesday. The decline was stopped by the 55– hour simple moving average at 1784.1 during Tuesday's trading session. Economic Calendar Analysis On Wednesday, the top event of the week would occur. At 18:00 GMT, the US FOMC Meeting Minutes could cause a move from 10.8 to 54.3, as
Upside risks dominated the XAU/USD exchange rate on Monday. As a result, the yellow metal surged by 174 pips or 0.99% against the US Dollar during Monday's trading session. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to 19.3
The yellow metal's price rose by 275 pips or 1.57% on Friday. The commodity breached the 200– hour simple moving average at 1769 during Friday's trading session. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to 19.3 pips since January.
During the first half of Thursday's trading session, Gold fell by 144 pips or 0.82% against the US Dollar. However, the commodity rebounded from a support level of 1744.8 at the end of the session. Economic Calendar Analysis XAU/USD short-term forecast Currently, the yellow metal is trading near the lower boundary of an ascending channel pattern and could be
The yellow metal's price edged higher by 267 pips or 1.55% on Wednesday. The surge was stopped by the 100– hour simple moving average during yesterday's trading session. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Producer Price Index is set to reveal more information about inflation in the United States. XAU/USD short-term forecast All things being equal, the
On Tuesday, the XAU/USD exchange rate edged lower by 148 pips or 0.85%. The commodity traded above the 1720.0 level during Tuesday's trading session. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the US Core Consumer Price Index is bound to cause USD volatility, which could impact the commodity. Afterwards, on Thursday, at 12:30 GMT, the US Producer
The XAU/USD exchange rate bounced off a support level at 1686.0 on Monday. As a result, Gold surged by 634 pips or 3.76% against the US Dollar during yesterday's trading session. Economic Calendar Analysis On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the
The yellow metal's price has plummeted by 6.55% since Friday's trading session. However, the commodity rebounded from a support line at 1686.1 during the Asian session on Monday. Economic Calendar Analysis On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause
The 100– hour simple moving average provided resistance for the precious metal on Thursday. As a result, the XAU/USD exchange rate fell by 132 pips or 0.73% during Thursday's trading session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the US Average
The yellow metal's price tested the 1830.00 level on Wednesday. However, the XAU/USD exchange rate surrendered the earlier gains at the end of Wednesday's trading session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the US Average Hourly Earnings,
On Tuesday, the yellow metal's price drooped by 55 pips or 0.30%. The 200– hour simple moving average provided support for the commodity during Tuesday's trading session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The week will end with the Friday's release of the US employment data
The XAU/USD exchange rate bounced off a support level formed by the 200– hour simple moving average at 1808.23 on Monday. As a result, the commodity surged by 127 pips or 0.70% during Monday's trading session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The week will end with
On Friday, the yellow metal's price plummeted by 195 pips or 1.07%. The commodity breached the 55– hour simple moving average during Friday's trading session. Economic Calendar Analysis Next week, on Monday, the US ISM Manufacturing PMI could cause a move. On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The week will end with
On Thursday, the yellow metal's price managed to pass the resistance of the zone that is located near the 1,825.00 mark. On Friday morning, the price confirmed the zone as support. Meanwhile, the July high level zone has been marked on the chart. The zone provided resistance on Thursday and caused the most recent retracement back down. Economic Calendar Analysis Next