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The gold market was relatively slow yesterday with the price fluctuating within USD 17. It was trading between 1765-75 early during the Asian & European sessions, with the break of 1775(1) happened in the US session. The day ended at 1778. The price hasn't changed much in the past 24 hours on the 1-hr chart. Before it breaks the resistance of 1783, the price...

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Gold surged high last Friday. The price was opened at 1763, after an S-T retracement toward 1760 at the Asian session, the price has climbed all the way to 1783 at the US session opening. The market ended at 1775, up by USD 12. Gold is maintaining its course within the uptrend channel(1) in the 1-hr chart, showing the overall momentum is still running up. ...

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Gold eased off 2-months high yesterday, It was bounded between 1775-1781 early in the Asian session, and hit the 2-months high 1790 in the European session. The price began to fall thereafter, touching day-low 1765 with the day ended at 1770. In M-T, Gold is still trading within the uptrend channel(1). However, the price has escaped the S-T support line(2),...

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From the Asian to the US session, the gold price went one-way from 1736-1769 yesterday. The price opened at 1736. It has broken the triangle structure(1) and hit the first resistance at 1750. At the US session, buying momentum continued, breaking the resistance of 1750-55(2), and the gold price went all the way to the 6 weeks high of 1769. The market ended at...

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Range-bound traded for gold yesterday. The market opened at 1745 and quickly reached 1750 early in the Asian session. The price has gradually gone lower thereafter. It broke the 1740 support at the US session opening and went all the way to day-low near 1731, with the day eventually ended at 1735. Although the price has gone past 1736 and dropped to 173, the...

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Gold edged higher yesterday after hitting the weekly low. Early in the Asian session, the price broke the 1730 support and went all the way toward day low 1722. Then, the rebound stated at the US session breaking the S-T resistance line(2) and 1736. The day ended at 1745. Gold was rejected by 1750 in the Asian session today. A fresh S-T resistance line(2)...

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Gold traded in a narrow range again yesterday. It was supported at 1736 early in the Asian and European session, and the price broke the 1736 support(1) at the US session pulling the price all the way down to day-low 1730. The market ended at 1732 with an 11 dollars drop. The price is currently supporting at 1720-22 level. Gold needs to break the S-T...

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Gold failed to break the 1750 resistance last Friday. Rejected by the peak from Mar. 18 at 1855, the price began to go down in the Asian session, it then further crossed the support line(1) during the European session and went all the way to day-low at 1730 at the opening of the US session. The day ended at 1744. Although the price went past the resistance at...

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Gold finally broke the 1745-50 resistance zone, however, the overall trading volume wasn't strong. The price opened at 1736 yesterday, it crossed the key resistance of 1745(1) during the European session. Then it climbed further breaking the resistance at 1750 at the US session opening and went all the way to a monthly high at 1758. The day ended at...

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The spot gold market was relatively quiet yesterday, the price has been trading within 1736-1742 for the majority of the day. At the US session opening, the price dropped shortly to 1729 but quickly rebounded back to 1742. The ended at 1736. Since the price escaped the upward support line(1), the price has entered the horizontal range of 1736-45. If the price...

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Gold finally reached the 1745 target yesterday; the day opened @ 1728 and it has touched the early high @ 1738 during the European session. It broke the key resistance of 1736(1) at the US session & hitting day high. The day ended @ 1743. The upward trend pattern from 1678 has been finished this morning while the price has escaped the support line(2). Expect...

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Gold continued to move up last Thursday. It traded between 1705-1715 early during the Asian session, then broke the resistance of 1715(1) in the European session. The key move happened in the US session where the price crossed the major resistance of 1720(@) and hit day-high 1730. The day ended @ 1728. A limited volume was traded on Friday, traditionally by...

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Gold rebounded over USD22 yesterday, recovered all the drop from the day before. Early in the Asian session, the price was rejected by 1678, the second time in 24 hours, leading it to break the S-T resistance line(1) before the European session, escaping the downward trend entering a period of range-bound between 1682-88. During the US session, the price...

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Selling momentum continued yesterday from the breaking of 1720 the day before. The price crossed its pervious day low 1705 and the key support 1700 in the Asian and European session(1), hit the day low 1678 at the US market opening. Ended the day at 1685 with a 26 dollars day drop. As mentioned yesterday and its the same today, gold has yet to find a reversal...

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The long awaited break-through finally appeared yesterday. The price traded between 1722-28 through out the Asian & European session yesterday. It broke the major support at 1720(1) early in the US session, went all the way to day low 1705 and slightly rebounded to 1712 to end the day. Gold once again hit the day low of yesterday early in the Asian session...

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A relatively quiet Friday for gold. The price was traded below 1730 the whole day before the US session. After a round of US economic figures, buying momentum picked up. It broke the S-T resistance line(1) and climbed all the way to day high 1736.75. The day ended @ 1730.9 with a tight 16 dollars daily range. Traders can continues to take advantage of the...

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Gold rallied between 1725-45 yesterday. The price was rejected by 1736 early in the Asian session, broke the support of the S-T uptrend channel(1) and went all the way down to 1725. Around the time of US session opening, gold started the rebound. It broke the resistance of 1736(2) and hit the high of 1745, but selling momentum can't carried on. Gold dropped...

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Trading volume remained low yesterday for Gold, traded within a tight 15 dollars range. The pattern remains the same in the hourly chart, range-bound between 1720-45. Today during the Asian session, the price tried to climb back upon 1740 level, but selling pressure has been strong near 1736(1). A new S-T uptrend channel(2) has been formed in the past 24 hours....