2022-05-25 @ 13:38
Gold continued to edge higher yesterday. The climb began after the price touched the day-low at 1849 during the Asian session. Once the price cleared the resistance at 1860, it was pushed all the way to the 1869 day-high. The day ended at 1866, up by USD 12. The uptrend channel(2) on the 1-hour chart […]
2022-05-24 @ 12:48
Gold pulled back from the 1-week high yesterday. Shortly after the market opened at 1848, the price crossed the 1850 resistance early in the Asian session. The day peaked at 1865 before the US session, and the day ended at 1853, up by USD 7. The price pulled back from the upper limit of the […]
2022-05-23 @ 17:15
Gold was rejected by 1850 last Friday. A relatively tight range bounded the trading between 1832-49 throughout the day, and the market ended slightly up near 1845 with a USD 3 gain. Carried the buying momentum from last Friday, the price broke out from the 1850(1) resistance early in the Asian session today. The uptrend […]
Gold jumped more than USD 25 yesterday. The day began at 1816; buying orders came into the market after the price touched the day-low at the US session. The first round of buying was triggered by the price breaking out from the trendline(1) during the European session, and the second round of buying appeared during […]
2022-05-19 @ 13:58
A tight range-bound for gold yesterday. The day began at 1814, and the price was basically traded between 1810-20 throughout the day. The day ended at 1816, up slightly by USD 1. The price maintains its horizontal path within 1800-30(3) in the 1-hour chart and can continue to take advantage of the range until it […]
2022-05-18 @ 15:51
Gold pulled back from the 250 days MA yesterday. The day began at 1824; overall, the price traded between 1822-30 throughout the Asian/European sessions. Until the trading entered the US session, the price spiked to the day-high 1836, then the fall began. It dropped to the day-low at 1812, with the day ending at 1814, […]
2022-05-17 @ 13:38
Gold rallied from the new 2-month low yesterday. The market opened at 1809. The price has started to sink after reaching the early day-high near 1817 in the Asian session. The new 2-month low near 1786 was touched before the European session, and once the European market became active, the price rebounded. The market has […]
2022-05-16 @ 17:16
Gold supported at 1800 last Friday. The day began at 1882. After a brief rebound toward 1828 at the European session, the selling resumed after the price cleared the support at 1820. The gold price fell all the way to a day-low at 1799 at the US session opening with the day ending near 1811, […]
2022-05-13 @ 15:45
Gold fell more than USD 30 yesterday. The day started at 1851, and the price touched the day-high 1858 early in the Asian session, then the slide began. Once the price escaped the 1840-65(3) range-bound at the US session, selling orders entered the market. The selling momentum has accelerated further after the price broke out […]
2022-05-12 @ 13:58
Gold rose above 1850 after the Inflation data. The day began at 1838 yesterday. After the price touched the day-low at 1838 early in the Asian session, it steadily moved up before the US session. The price has quickly retraced to 1836 after the US inflation data, but the price rebounded quickly and reached the […]
