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Gold gained USD 11 yesterday. The price had traded tightly between 1790-93 until it began to drop during the European hours. The price had fallen to day-low right before the US released its inflation figures. Thereafter, the price had continued to climb toward to day-high 1808, with the day-ended near 1804. Although the gold price touched a new weekly low of...

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Gold stayed within a tight USD15 range yesterday. Carried the selling momentum from last Friday, the price has touched the day-low early in the Asian session, then rallied slowly away from the bottom. The fluctuation has amplified during the US session, reached the day high at 1798. The day ended near 1793, up slightly by USD5. As mentioned before, the buying...

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Gold rallied from above 1800 last Friday. The price had begun its fall after the price reached the day-high early in the European session. The price went down gradually with the day ended near 1787, down by USD 6. Since the price escaped the trendline(1) last week, the buying support below 1790 has remained strong, with an S-T bottom being formed around...

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Gold gained slightly yesterday. The price has traded between 1788-90 early in the Asian session, and the climb has started at the European session. It reached the day-high 1801 right before the US session opening. The price visited again at the low 1784 with the day ended at 1793. The ECB meeting has accelerated the movement on the 1-hour chart. As mentioned...

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Gold consolidated further yesterday. Before the US session, the price has traded between 1793-1800 throughout the day. And it fell all the way to day-low 1783 right after it has touched the day-high 1802. The day ended at 1789, done by USD 4. The price has broken the support line(1) on the 1-hour chart, the upward momentum originated from Aug. 16 is now...

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Gold fell over USD 30 yesterday. The drop had started after it climbed to 1827 early in the Asian session. The price broke the S-T support line(1) at the European session and the fall accelerated after it had cleared another key support at 1810(2). Day-low touched 1792 and the day ended near 1793. The upward momentum originated from Aug. 27 has officially...

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Gold went down slightly yesterday. The market had opened near 1827 and gradually fell to day-low 1820 at the US session. The day ended near 1823, down by USD 4. The overall pattern has changed much on the 1-hour chart due to the US market holiday. Upper resistance remains at 1833-35(1), with S-T trend line(2) is currently supporting the market; While the...

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Gold finally broke the 1820 resistance last Friday, however, the buying momentum is not as strong as expected. The price had traded between 1810-15 before the US session. Once the US released its employment figures, the price had instantly jumped to 1826 and went to day-high 1834 within 2 hours. The day ended near 1827, up by USD 18. The gold price has...

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Gold remained in a tight range again yesterday. The price has traded within 1810-16 throughout the day, and the same pattern occurred as the price went below 1810 during the US session again. The day ended near 1809, down by USD4. Before the US release its employment figures today, the gold price should continue to stay between 1810-16(2). Trend lines(1) are...

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Gold traded in a tight range yesterday. The buying momentum from the rebound(1) the day before has failed to push the price over 1820. Once the price broke the S-T support line(2), the price has no choice but to settle between 1810-20 once again. The market will now prepare for Friday's US employment figures, before a breakout, should be able to take advantage...

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Gold tested the 1810 support once again yesterday. Throughout the day, the price has traded between 1810-17. Approached the US session, the price has fallen to the day-low near 1800 but rebounded quickly. The day ended near 1813, up by USD 3. The gold price is still trading within the channel(1). Although it has dropped to 1800 briefly at the US session, the...

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Gold retreated from the 1-month high yesterday. Carried the buying momentum from last Friday, the price has climbed to 1823 early in the Asian session. But the buying failed to follow through thereafter. Gradually it has gone to day-low near 1806 at the US session, with the day ended near 1810, down by USD 6. Overall the price had traded within 1810-23, in...

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Gold jumped over USD 25 last Friday. The price touched an early peak at 1805 after it has broken the key 1793 resistance early in the Asian session. It fell to day-low 1783 briefly at the US session opening, and it then crossed the 1800(1) resistance and the newly formed resistance line(2). Day-high reached 1818 and the day ended near 1816. The S-T trend for...

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Gold rallied from a near 1-week low yesterday. The price had broken the support of 1790 early in the Asian session and the price had gone to as low as 1778 during the US Session. The price had rebounded to 1798 before the day ended near 1791. The day up slightly by USD 1. Overall, the price movement was in line with our expectation yesterday, with the price...

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Gold slid over USD 12 yesterday. The price has fallen to the support zone 1790-93 early in the Asian session. During the US session, the price has first touched 1797 and began its drop toward day-low 1782. The day ended at 1790. Gold failed to stay above the key support of 1793 yesterday, a sign of the upward momentum, from the beginning of the week, is...

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Gold reached a new weekly high yesterday. The market has traded in a tight range between 1800-05 throughout yesterday, with the price touched 1809 briefly at the US session. The trading volume was quite thin in the past 24 hours. While the resistance was strong near 1810(1) yesterday, the market is now trading below 1793 broken the S-T support 1800(2) in...

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Gold rose above 1800 yesterday. The price was trading under 1790 throughout the Asian and European sessions, and it has gone all the way to the 2-week high near 1807 after it has cleared the resistance at 1793. The day ended near 1805, up by USD 24. Gold so far has been trading in line with our expectations. As mentioned last Friday, the gold price should have...

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The gold market was relatively stable last Friday. The price was under the pressure from resistance line(1), traded overall in between 1780-88. The price finally broke resistance line (1) this morning, we can expect the price to bounce between 1775-90(2) in S-T. The overall pattern(3) is still under development, waiting for the price to break 1790-93...