1uptick

1uptick Sep 3, 2021

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...

1uptick Sep 2, 2021

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...

1uptick Sep 1, 2021

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...

1uptick Aug 31, 2021

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...

1uptick Updated  Aug 31, 2021

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...

1uptick Aug 27, 2021

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...

1uptick Aug 26, 2021

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...

1uptick Aug 25, 2021

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...

1uptick Aug 24, 2021

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...

1uptick Updated  Aug 24, 2021

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...

1uptick Aug 20, 2021

Gold dropped slightly yesterday. Overall the price has traded between 1775-93 throughout the day without much difference from the day before. The gold price has started to escape the S-T channel(1) that we mentioned yesterday, created a new resistance line(2) in the past 24 hours. The upward flag pattern is still under development. The key breakout remains at...

1uptick Updated  Aug 20, 2021

Gold climbed near USD 27 last Friday. The price was stable below 1760 at the Asian and European sessions. Once it has broken the key resistance 1760(3), the price surged all the way to close near 1779. Since the price had broken out from the resistance line(1) last Thursday, it has climbed along with the S-T support line(2). As it broke the key 1760...

1uptick Aug 19, 2021

Gold continued to wander near the weekly high yesterday. The price has touched the day-high at 1794 early in the Asian session and it began its way down. The day ended at 1787, up slightly by USD 1. Gold is still in a period of consolidation in the 1-hour chart after it has been rejected by 1793. The price has broken the S-T support line(1) early in the Asian...

1uptick Aug 18, 2021

Gold pulled back from a 1-week high yesterday. The price was wandering between 1784-89 early in the Asian session. It has broken out from 1790 and touched the day-high 1795 at the US session. The price then retraced to day-low near 1780 and ended the day at 1785, down slightly by USD 1. Gold was rejected by the 1790-93 resistance zone(2) yesterday. While the...

1uptick Aug 17, 2021

Gold continued to climb yesterday. It was under pressure by the 1780 resistance early in the Asian and European session. The price has climbed all the way to day-high 1789 right after it touched day-low at 1770 at the US session opening. The day ended at 1786, up slightly by USD 7. Gold has completed the 1790 target from yesterday. The upward momentum seems...

1uptick Aug 13, 2021

Gold prices were basically unchanged yesterday. Before the European session, it has gone to day-high near 1758 and began its drop. The price went to as low as 1740 at the US session, with the day ended at 1752 fluctuated USD 16. S-T support line(1) continues to provide support for gold, and the triangle pattern (2) is still good for today. The buying yesterday...

1uptick Aug 12, 2021

Gold reached 1750 yesterday. The price has traded between 1730-35 throughout the day until it broke the previous high at 1738 at the US session. It has gone all the way to day-high 1754. The day ended at 1751, up by USD 22. The downward momentum originated from 1830 will now officially slow down and possibly be shifted to a horizontal range, 1720-1754(4),...

1uptick Aug 11, 2021

Gold was steady yesterday. The price has opened near 1728 in the early Asian session, and its drop began right after it has touched the day-high near 1738. Although the price has broken the support at 1725 and gone to as low as 1716 at the US session, the day ended near 1729, basically unchanged from the day before. Overall the movement was in line with our...