The surge of the yellow metal's price reached the resistance of the 1,865.00 mark at mid-day on Wednesday. This round price level provided resistance, which forced the metal into a decline. The following decline reached the previous resistance zone that surrounds the 1,850.00 level and confirmed it as support. During early US trading hours, the metal was resuming its surge. Economic Calendar
At mid-day on Tuesday, the yellow metal's price broke the resistance zone that surrounds the 1,850.00 psychological level. Next technical resistance, which the price could test would be the 23.60% Fibonacci retracement level at 1,860.60. Future forecasts were based upon what would happen at the 1,860.60 level. Namely, whether or not the resistance level holds. Economic Calendar Analysis On Wednesday, the US Retail
On Monday, the yellow metal was piercing the support of the December low level of 1,825.00. However, the 1,820.00 level provided support that stopped the price from declining. By the start of the US trading hours, the commodity price had retraced back up tot eh 1,835.00 level. Economic Calendar Analysis On Wednesday, the US Retail Sales and US Core Retail Sales could
The yellow metal continued to trade between the 1,825.00 and 1,850.00 levels, as it had done since late Wednesday. The only new update to the wide sideways trading was that the 55-hour SMA had approached the rate and done nothing. In addition, the price had begun to ignore the 200-hour SMA that provided support on Wednesday and Thursday. Economic Calendar Analysis On Wednesday,
As previously forecast, the price for gold ended fluctuating sideways. It did so with a decline and fulfilled one of the scenarios outlaid on Wednesday. Namely, the bullion reached the support of the 1,825.00 mark and the 200-hour simple moving average. By the start of Thursday's US trading hours, the commodity price had bounced off the support zone for a second
At mid-day on Wednesday, the support of the 23.60% Fibonacci retracement level and the 55-hour simple moving average failed to keep the price for gold up. By the middle of the day's US trading hours, the commodity had passed below the 100-hour SMA and reached the support of the 1,840.00 mark. The 1,840.00 mark paused the price's decline and even caused
After surging above the resistance of the 23.60% Fibonacci retracement level at 1,860.59 on Monday, the yellow metal's price was finding support in the retracement level. Throughout Tuesday's trading hours, the commodity price traded sideways between the mentioned support and the 1,875.00 level. Economic Calendar Analysis There are a couple of events expected that could affect the XAU/USD rate. On Thursday, the US CPI
The price for gold failed to pass the resistance of the 1,845.00 mark, as the 55-hour SMA did not manage to push the commodity up. On Monday morning, the commodity price declined and found support in the 100-hour simple moving average, which was located just above the 1,825.00 level. Economic Calendar Analysis There are a couple of events expected that could affect the
Since Thursday, the price for gold has been trying to surpass the 1,845.00 level. It is likely that the XAU/USD exchange rate could gain support from the 55-hour SMA near 1,833.00 and trade upwards. Economic Calendar Analysis On Friday, the US will publish monthly employment data. Namely, the Unemployment Rate, Non-Farm Employment Change and the Average Hourly Earnings. Next week, there are
The bullion's price has continued to surge, as at the start of US trading hours the metal's price had touched the 1,845.00 level. It appeared that the bullion was consolidating, as it traded between the 1,835.00 and 1,845.00 levels. Economic Calendar Analysis On Wednesday and Thursday, the markets are unlikely going to be impacted by macroeconomic data releases. On those days the ADP
The recovery of the yellow metal has continued, as on Wednesday the price of the commodity reached the 1,830.00 level. This level previously provided both resistance and support to the price on November 23 and 24. Economic Calendar Analysis On Wednesday and Thursday, the markets are unlikely going to be impacted by macroeconomic data releases. On those days the ADP Non-Farm Employment
The yellow metal has ended its half month long decline. It was indicated by the fact that the channel down pattern, which guided the price since November 18, was broken on Tuesday morning. Economic Calendar Analysis 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
On Monday, Dukascopy Analytics spotted a channel down pattern, which has been guiding the yellow metal's price decline. In the meantime, the commodity price had ended trading sideways above the 1,800.00 level and passed below it. Economic Calendar Analysis 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
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