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The pattern has restructured on the daily chart after another weaker-than-expected US employment and manufacturing figures. The gold price cleared the selling orders at the 20-day MA and the resistance at 1980, signalling a new round of upward movement. The price rebounded early Asian session surpassing 1960, and traded between 1961-67 before the US session. ...

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A reversal has finally appeared on the daily chart! Gold tested a new weekly high yesterday. But selling began after the US market data was released. In the early trading yesterday, the price of gold continued to rise, carrying the upward momentum from the previous session, until the US market opened. The price reached the day high of 1975.3 at the US session...

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The upward momentum is still picking up! Driven by US inflation data, the gold price reached our target yesterday and continued to rise. During the early Asian/European sessions, the price fluctuated in a tight range between 1943-48 while the whole market was waiting for the release of the US figures. Once the US CPI was released, the gold price quickly touched...

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S-T rebound approaching, target around 1950. Gold made a new weekly low before the weekend, completing the downward cycle mentioned in our previous analysis. The price cleared the S-T resistance(1) on Thursday, triggering a round of buying toward 1965. The decline began by Friday's pre-US session; it had fallen below the 1950 support, and the price dropped...

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Ready for a new weekly low in the next 48 hours! Gold cleared most of the buying orders below 1960 yesterday. The price fluctuated within the range of 1961-69 early in the Asian/European sessions; and selling orders began to come into the market once the U.S. session opened, breaking the support at 1960(1). The day closed at 1949, down by USD 20. 1-hour Chart...

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Gold touched a two-week low yesterday. In the early Asian session, it continued the selling from the previous day and trended downwards, testing the support of 1970. The downtrend continued during the European session, reaching the daily low of 1956. The rebound began in the U.S. session and ended the day of 1969, down by 8 dollars. 1-hour chart - S-T technical...

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Gold didn't show any significant breakthrough in its trend after the two major events last week (FOMC meeting + non-farm). The market will continue to divert its focus away from the geopolitical tension from Israel after a few weeks of its breakout; the situation is pretty much like the Russia/Ukraine conflict as the market getting used to the news. 1-hour chart...

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The price of gold fluctuated within a narrow range yesterday. It opened at 2006, last Friday's closing price. In the early Asian session, it had fallen below 2000, and the rest of the day the price stayed within a tight range between 1990 and 2000 throughout the rest of the day. 1-hour chart - The uptrending momentum has slowed down. The price broke out from the...

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Gold renewed the 2-month high yesterday, but the selling pressure was intense. The day began at 1771; the price was bounded in a tight range between 1766-74 in early trading. It tried to clear the resistance at 1780, touching the day-high at 1786 at the US session opening. The day ended at 1778, up by USD 7. After three attempts(2) yesterday, gold failed to...

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Gold reached a new 2-months high yesterday. The day began at 1765; the price rallied toward the day-low at 1753 throughout the Asian and European sessions. As the market approached the US session, the buying resumed. Gold reached a new 2-months high at 1775. The day ended near 1771, unchanged from the day before. The trend remains upward on the 1-hour chart...

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Gold traded in a tight range yesterday. The overall daily movement was pretty much like the day before - pulling back before the day's end.; the price climbed to the day-high 1660 in the early session and retraced back to the opening price of 1650 before the day's end. The S-T trend is still controlled by the S-T downtrend resistance (1.1) that was mentioned...

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Gold had pullback before the day's end yesterday. The market opened at 1642 back from the weekend. The price has kept moving higher in the Asian and European sessions. It hit the day-high 1668 at the US session opening, then the price retraced. The day ended at 1650, up by USD8 after all. The downtrend on the 1-hour chart slowed down yesterday after the...

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Carried the selling momentum from last Fri., gold sank further yesterday. The market opened at 1694 back from the weekend. After the price briefly touched 1700 during the opening hours, the bearish run began. It cleared the 1680 support in the US opening session and landed at the day-low near 1665. The day ended at 1668, down by USD 25. Selling resumed after...

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Gold touched a new 1-week low yesterday. The day began at 1667, and the price was traded between 1660-71 throughout the Asian & European sessions. A rapid jump to the day-high 1684 occurred at the US session, but the price got pull-back led to the day ending at 1665, down by USD 2. The S-T selling trend originated from 1710 has ended yesterday after the price...

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Gold renewed the 3-weeks high yesterday. Carried the buying momentum from the day before, a new round of buying was triggered after the price cleared the resistance at 1700 early in the Asian session. The bullish trend continued until it touched the day-high near 1729 late in the US session. The day ended at 1725, up by USD 25. After all the interventions and...

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Gold rebounded from the new 2-year low. The price has been consolidating during the Asian and European sessions after the market opened at 1628 yesterday. Once the news from BOE hit the market, the surge began. At the US session opening, buying came into the market and cleared the resistance at the trendline(1). The price jumped to the day-high at 1662, with...

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Gold tested a new 2-year low yesterday. Back from the weekend, gold has dropped to the early low near 1626 in the Asian session. However, the price has quickly rebounded. At the European session, it already reached the day-high at near 1649. Selling resumed in the late US session, where the day ended near the day-low at 1622. The overall trend in the...

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Gold bounced but failed to break out from the range. The day began at 1664 yesterday. The price was bounded by a tight 1660-65 range early in the Asian session. It reached the early peak of 1677 at the EU session after Putin's speech. At the US Fed. The announcement, gold has rebounded quickly from the 1653 day-low to the weekly high of 1688. The day...