On Friday, gold's price was making attempts to break the resistance of the monthly pivot point at 1,287.27. In its attempts to surge higher the price was being supported by the 100-hour simple moving average near the 1,283.50 level. Economic Calendar Analysis At 12:30 GMT the Canadian Employment data will cause a move of about forty pips. At the same time the US Consumer
Gold's surge above the 1,290.00 level failed on Wednesday. The metal dropped back down to the 1,280.00 level as soon as the failure occurred. However, the drop was stopped by the hourly chart's simple moving averages, which had pushed the rate up on Thursday. Economic Calendar Analysis On Thursday, the usual data starts. At 12:30 GMT the Canadian Trade Balance and the US
Gold has surged, as expected. It got pushed up by the support of the hourly charts simple moving averages. On Wednesday, the surge had already reached above the 1,290.00 level. Economic Calendar Analysis This week all the action on the US Dollar from a fundamental side will be in the second half of the week. Meanwhile, there are large events to watch
After consolidating its gains by retracing down to the technical support of the 100 and 200-hour simple moving averages the yellow metal's price returned to the previous trading levels. Namely, on Tuesday morning the metal traded between 1,280.00 and 1,284.00. In regards to the near term future, the price was expected to wait for the hourly SMAs to catch up and
Gold has bounced off dominant support and jumped. It touched the 1,286.00 level before beginning a decline, on Monday. The commodity price was consolidating its recent gains. Economic Calendar Analysis This week all the action on the US Dollar from a fundamental side will be in the second half of the week. Meanwhile, there are large events to watch prior to that. On Tuesday,
Gold has traded sideways during the last 24 hours, as its price has consolidated after the sharp drop that occurred since May 1. Meanwhile, the rate still had no technical support as low as 1,263.70. The exception to this was the psychological support provided by the 1,270.00 level. Economic Calendar Analysis On Friday, the US Employment data sets will be published at 12:30
Gold has dropped to the 1,270.00 level. The decline began in the aftermath of the volatility increase that was caused by the Federal Open Market Committee on Wednesday at 18:00. In general, the rate had no additional support besides the 1,270.00 round level as low as 1,263.70. Economic Calendar Analysis On Thursday, the Bank of England announced their monetary policy data and information
Another attempt of gold to surge has failed. The yellow metal has reached down to the support of the 200-hour simple moving average. Meanwhile, it has been spotted that the hourly candle chart needs a review. It is expected that a full review of the chart will be conducted on Thursday. Economic Calendar Analysis During this week there are various macroeconomic data releases
Gold found support in the 1,278.00 level. The event resulted in a surge of five dollars by the middle of Tuesday's trading session. Meanwhile, note that the hourly candle chart has been updated. Economic Calendar Analysis During this week there are various macroeconomic data releases that will impact currency exchange rates. Moreover, there will be a Federal Funds Rate announcement. On Tuesday, the Canadian
By the middle of Monday's London trading session Gold had dropped down to 1,281.50. The Metal plummeted down to the support of the 55-hour SMA and the 1,280.00 level. However, the previous forecast of a surge on Friday was correct, as the rate surged throuhgout Friday and reached the 1,288.00 level before the decline started on Monday morning. Economic Calendar Analysis During this
On Friday morning, the price for gold was trading at the psychological level at 1,282.00. Given, that the XAU/USD exchange rate is supported by the ascending trend line, it is likely, that the price could maintain its growth. Economic Calendar Analysis On Friday, at 12:30 GMT the US Advance GDP will be published. This is the top US data set, which has
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