2022-05-20 @ 15:51
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, […]
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 […]
2022-05-11 @ 14:03
Gold cleared the critical support at 1850 yesterday. The market opened at 1853; the price rebounded to the day-high at 1865 during the European session. Selling resumed once the market entered the US session, and the price has gone all the way to the day-low at 1835 after it crossed the key support of 1850. […]
2022-05-10 @ 15:04
Gold dropped almost USD 30 yesterday. The market opened near day-high at 1883. The selling resumed once the price broke out from the support trendline(1) in the Asian session. After a brief rebound at the US session, the price broke the 1860 support and ended the day at 1853. Gold has been under the selling […]
2022-05-06 @ 15:18
Gold barely touched 1910 yesterday. Carried the buying momentum from the day before, gold has reached its early peak 1900 in the Asian session. After a brief consolidation during the European tradings, the buying resumed at the US session, pushing the price to the day-high 1910. But the buying momentum couldn’t sustain; the price quickly […]
