2022-07-08 @ 14:22
Gold remained in a tight range yesterday. The market opened at 1739, and the price was bouned by 1739-46 throughout the day, The relatively rapid drop the day before has slowed down since the price escaped the S-T downward trendline(1) yesterday. 1730-65(2) can be used as the operating range before the US employment figure. The […]
2022-07-07 @ 13:06
Gold touched a new 9-month low yesterday. After the market opened at 1765, the price was bounded by 1765-72 throughout the Asian and European sessions. The selling momentum has resumed as the market approaches the US session. Once the price cleared the support at 1750(1), it went to a day-low near 1731. The day ended […]
2022-07-06 @ 14:14
Gold dropped over 2% yesterday. As the trading began at 1807 to start the day, the price touched the day-high at 1812 early in the Asian session. The momentum began to turn bearish during the European session. Gold cleared the 1800(1) support at the US session opening and then fell further, breaking the previous low […]
The gold market was relatively quiet yesterday due to the US holiday. The market opened at 1810, and a USD 10 range-bound the price throughout the day. Before the US session last Friday, gold tested the support near 1783(1). Notice that day, once the market entered a more active US session, buying has started to […]
2022-06-30 @ 15:05
Gold was choppy yesterday. The day began near 1819. The price had tested the 1820 support in the Asian session and eventually touched the day-low at 1811 at the European session. The rebound started early before the US session, with the price jumping to a day-high near 1833 about 2 hours into the US session. […]
2022-06-28 @ 13:53
Gold pulled back from the early climb yesterday. The market opened with a gap of USD 10 higher than last Friday’s closing. After refilling the gap in the opening hours, the price resumed its path upward until it reached the day-high near 1841. However, the buying momentum failed to sustain; the day ended at 1822, […]
2022-06-23 @ 12:56
Gold continued to hover near 1835 yesterday. The price cleared the support of 1830 early in the Asian session and touched the day-low near 1822 during the European session. While the market approached the US session, the market turned active; a new round of buying entered the market once the price cleared the downward resistance […]
2022-06-22 @ 12:37
Gold continued to trade in a narrow range yesterday. The market opened at 1836, and a tight 1833-40 range bounded the price throughout the Asian & European sessions. The range widened during the US session, where the price touched a new day-high 1843 and a new day-low at 1828 before the day ended around 1832. […]
2022-06-21 @ 12:43
Gold was steady yesterday. The market opened at 1839. The price reached the day-high 1846 early in the Asian session, and it was bounded between 1835-40 throughout the rest of the trading day. While the price is now back trading in between the 1830-70(1) range, the price is under selling pressure by the downward trendline(2). […]
2022-06-17 @ 13:37
Gold gained further yesterday. The price was under pressure by the 250 days MA(1833) early in the Asian & European sessions after the day began at near 1832. The price consolidated toward 1814 before the US session, and the buying started to kick in once the US session became active. The price cleared the previous […]
