For a third consecutive trading session, the yellow metal has trade sideways. However, on Friday, the sideways trading had advances higher by five USD. Economic Calendar Analysis Next week, on Tuesday, the price could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. On Wednesday and Thursday, the markets are unlikely going to be impacted by macroeconomic data releases.
The yellow metal's price has continued to trade sideways. Meanwhile, the 55-hour SMA had approached and failed to push the metal down. Economic Calendar Analysis There are no more notable events scheduled for this week. However, one can research the events that already occurred. In the meantime, note that the next week's event analysis is bound to be published in the Fundamental Analysis
The 1,800.00 level has held. Moreover, the metal's price has not properly tested its support. Instead, the bullion's price has been fluctuating sideways between the 1,800.00 and 1,815.00 levels. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the usual US weekly Unemployment Claims are set to grab the attention of the financial media despite the event not moving the markets. At the
The decline of the yellow metal continued after consolidating by trading sideways. At the start of US trading hours, the commodity price had almost reached the 1,800.00 level, which was expected to provide psychological support. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the usual US weekly Unemployment Claims are set to grab the attention of the financial media despite the event
Gold traded sideways until AstraZeneca announced that another coronavirus vaccine is ready. This caused a drop of the yellow metal's price. Namely, it plummeted to the 1,835.00 level. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the usual US weekly Unemployment Claims are set to grab the attention of the financial media despite the event not moving the markets. At the same
On Friday morning, the yellow metal's price was approached by the resistance of the 55-hour simple moving average. It stopped the commodity price's attempt to recover. Economic Calendar Analysis On Monday, the US PMIs are set to be released at 14:45 GMT. Previously, the event did not cause adjustments in the USD value. However, in the most recent past the situation has
On Thursday, the yellow metal traded between the 1,860.00 and 1,865.00 levels. In the meantime, the simple moving averages were located above the commodity price. Economic Calendar Analysis On Thursday, expect the usual US Unemployment Claims at 13:30 GMT. Click on the link below to find out more about the data releases of this and other currency exchange rates. 16.11-20.11 Event Historical Reactions XAU/USD short-term
The yellow metal experienced a sharp drop on Monday, which was followed by an immediate recovery. The event was attributed to the announcement of another coronavirus vaccine. In regards to the near term future, the metal was being affected by both round price levels and the hourly simple moving averages. Economic Calendar Analysis Notable data releases start on Tuesday. At 13:30 GMT, expect
At mid-day on Monday, the price for hold plummeted from 1,890.00 to 1,865.00. The move was forecast in the short term daily review. In regards to the near term future, the metal had no technical support. However, the 1,860.00 level could provide support. Economic Calendar Analysis Notable data releases start on Tuesday. At 13:30 GMT, expect the US Retail Sales data sets
The price for hold passed the resistance of the 55-hour SMA, but it did not result in a surge, as the price continued to trade sideways just above the SMA. On Friday, the price was approached by the resistance of the 100-hour simple moving average. Economic Calendar Analysis On Friday, the US Producer Price Indices are scheduled to be released at 13:30 GMT. Next
The price for gold has been reached by the resistance of the 55-hour simple moving average, which began to provide resistance. By the middle of Thursday's GMT trading hours, the SMA kept the price of gold trading sideways near 1,870.00. Economic Calendar Analysis On Thursday, at 13:30 GMT USD pairs could move because of the release of the US Consumer Price Index
The yellow metal has been trading sideways between 1,870.00 and 1,890.00 since the coronavirus vaccine caused drop. However, on Wednesday the commodity price was being approached by the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Thursday, at 13:30 GMT USD pairs could move because of the release of the US Consumer Price Index and the Unemployment Claims. On Friday, the
On Monday, the price for the yellow metal plummeted more than 100 USD per ounce or 5.53%. The surge was caused by news from a public company. Pfizer announced that its Covid-19 vaccine was effective in more than 90% of cases in a large scale study. This event caused a risk on sentiment. Safe haven assets like the Japanese Yen
Gold plummeted on Monday, as risk on sentiment took over the markets. The sentiment was caused by news from Pfizer that it had finished testing its coronavirus vaccine and it is effective in more than 90% of cases. The drop of the yellow metal found support in the monthly pivot point at the 1,901.26 level. Economic Calendar Analysis On Thursday, at 13:30 GMT
The surge of the yellow metal continues, as all safe haven assets gain during the ongoing sell off of the US Dollar. By the middle of Friday's GMT trading hours, the pair had broken the resistance of the 1,950.00 mark. In the near term future, the metal should continue to surge, as it had no technical resistance and the ongoing
Gold managed to pass the resistance of the 1,915.00 level on Thursday morning. The rate eventually reached the monthly pivot point at 1,928.54, which paused its decline at mid-Thursday. Near term future forecasts were based upon what would happen at the pivot point. Economic Calendar Analysis On Thursday, expect the weekly US Unemployment Claims to cause a minor move at 13:30 GMT. Later
During and after the day of the US Presidential Election the yellow metal has traded in the range from 1,885.00 to 1,915.00. This has occurred despite no clear election results. Due to that reason a larger move can be expected, as soon as the results are announced. In the meantime, it was spotted that the 100-hour SMA managed to provide support
On Tuesday, the yellow metal's price was testing the resistance of the 1,900.00 level, which it reached during the morning hours. Future scenario forecasts were based upon what would happen at this level. However, note that the fundamental information on the ongoing US Elections is bound to crash technical charts. Economic Calendar Analysis US Elections on Tuesday are bound to take away all
On Friday, the yellow metal's price traded sideways between the 1,865.00 and 1,880.00 level. The price began to do so after dropping to 1,860.00 on Thursday. In the meantime, the hourly simple moving average had caught up with the price. Economic Calendar Analysis Next week, US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there
The drop of the yellow metal's price stopped at the 1,870.00 level, which provided support and caused a price surge. The surge reached the resistance of the 1,885.00 level. By mid-day on Thursday, the commodity has been trading sideways between the 1,875.00 and 1,885.00 levels. Economic Calendar Analysis On Thursday, at 12:30 GMT two events will be released that the financial media will
On Wednesday, the yellow metal's price plummeted more than 1.50%. The drop was caused by the growing strength of the US Dollar. The surge of the USD was attributed to the markets selling off various assets in preparation for the US Elections. Economic Calendar Analysis On Thursday, at 12:30 GMT two events will be released that the financial media will talk about.
On Monday, the rate managed to pass the resistance of the 55 and 200-hour simple moving averages. It resulted in a failed attempt to pass the 1,910.00 level. On Tuesday, the rate had declined and found support in the 1,900.00 mark. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT. On
On Monday, the yellow metal's price surged and reached the resistance of the 55 and 200-hour simple moving averages at 1,905.00. Future forecasts were based upon whether the two technical resistance levels manage to hold the price down or not. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT. On Thursday,
On Thursday, the yellow metal did not find enough support in the 55, 100 and 200-hour simple moving averages. Instead, the metal dropped, passed the lower trend line of a channel up pattern and touched the 1,895.00 mark. On Friday, the commodity price was recovering after the recently experienced drop. By the middle of the day, the price had reached the