Gold broke out from the critical resistance 1950 yesterday. The day began at 1947. The price has consolidated toward the day-low 1939 early in the Asian session until buying started while the trading was entering the European session. The price has climbed to the day -high 1969 after it crosses the 1950 (1) resistance—the day […]

Gold gained about USD 15 last Friday. After the market opened at 19031, the price was bounded between 1926-34 early in the day. The climb began as the price broke the S-T resistance line (1) at the US session. The price reached the day-high 1948, before the week ended at 1945. The technical pattern hasn’t […]

Gold continued to trade in a tight range yesterday. The market opened at 1923. After wandering around 1920-23 in the Asian session, the price has started to climb as it approached the European session; and peaked at 1937 during the US trading hours. The day ended at 1931, up by USD 7. The structure hasn’t […]

Gold continued to trade in range-bound yesterday. The day began at 1932, and the price traded in a tight range between 1926-32 in the Asian & European session. The price jumped to the day-high 1944 at the US session but quickly dropped back to near 1920. The day ended at 1922, down by USD 9. […]

Gold eased as the USD strengthened after the employment figures last Friday. The market opened at 1937. The price was traded in a tight range between 1933-37, early in the Asian and European sessions. The drop began as the market approached the US session, and the price consolidated further after the US released its employment […]

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 […]