2022-04-01 @ 14:05
Gold was rejected by 1950 again yesterday. The market opened at 1932, and the price has started to climb after it visited the day-low at 1918 early in the day during the Asian session. The upward momentum has accelerated as the price crossed the S-T resistance line(1). The gold price peaked at 1950 during the […]
2022-03-31 @ 16:41
Gold rose to 1940, the top of the range yesterday. The price has been bouncing between 1920-25 early in the Asian session after the day began near 1920. The market was relatively stable until it visited the day-low at 1916 and started to rebound. The price jumped to the day-high 1938 at the US session, […]
2022-03-30 @ 15:51
Gold rallied from the 2-week low yesterday. Carried the selling momentum from the day before, the price was under pressure by the S-T resistance line(1) throughout the day, and the fall has accelerated once it broke the 1915(2) support at the European session. The rebound began after the price had touched the 2-week low, 1989, […]
Gold fell more than 1% yesterday. The market opened at 1955 and the selling pressure was quite strong back from the weekend. The price broke the critical 1950(1) support early in the Asian session and soon cleared all the buying support at the 1941-43(2) zone. It touched the day low 1916 before the day ending […]
2022-03-25 @ 15:41
Gold crossed the key resistance 1950 yesterday. The market opened at 1944, and it visited the day-low 1937 in the Asian session. The price has started to climb as trading enters the European session. The price crossed the key 1950 resistance(1) and finally reached the day-high 1966 at the US session. The day ended at […]
2022-03-24 @ 16:26
Gold gained USD 23 yesterday. The price steadily increased throughout the day after the market opened near day-low around 1921. It reached the day-high 1948 late in the US session, and the day ended at 1944. The pattern has changed much in the 1-hour chart as the price is still trading within the 1905-50 range. […]
2022-03-23 @ 17:30
Gold pulled back from the top of the range yesterday. The day started at 1936; the price was traded in a tight range between 1931-36 early in the Asian session. Selling has begun since the price broke the 1930 support at the European session, and the drop has accelerated after it crossed the support trendline […]
2022-03-22 @ 15:39
Gold traded in a relatively tight range yesterday. The price was under pressure from the 1930 resistance and the downward trendline (1) early in the Asian and European sessions. Breaking out from trendline(1) at the US session, the trading range has finally moved from 1920-30 to 1930-40. The day ended at 1935, up by USD […]
2022-03-21 @ 17:26
Gold pulled back from 1950 last Friday. The market opened near 1942. After the price touched the day-high near 1945 early in the Asian session, it gradually slipped lower. The gold price cleared the 1930 support late in the US session, and the day ended at 1920, down by USD 23. The gold price has […]
2022-03-18 @ 14:38
Gold touched again the 1950 major resistance yesterday. Carried the buying momentum from the day before, the price has broken the 1930(1) resistance early in the Asian session. It kept moving until it hit the key 1950 resistance at the US session. The day ended at 1942, up by USD 15. After the price was […]
