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Gold was bounded by a tight range yesterday. The market opened at 1853. The price has rallied toward the day-low at 1839 prior to the US session, similar to intraday movement from the day before, and the price rebounded to 1850 to end the day. Gold has gradually escaped the uptrend channel(1) on the 1-hour chart. Entered a range-bound of 1840-70(2), a...

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Gold was rejected by 1850 last Friday. A relatively tight range bounded the trading between 1832-49 throughout the day, and the market ended slightly up near 1845 with a USD 3 gain. Carried the buying momentum from last Friday, the price broke out from the 1850(1) resistance early in the Asian session today. The uptrend channel(2) is still good on the 1-hour...

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Gold pulled away from the 2-week high yesterday. The day began at 1865, and the market touched the day-high 1868 early in the Asian session. The S-T consolidation has been triggered by the price clearing the supporting trendline(1) before the European session. The price reached the day-low at 1841 before the US released its Feb. meeting minutes. The day ended at...

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Gold continued to edge higher yesterday. The climb began after the price touched the day-low at 1849 during the Asian session. Once the price cleared the resistance at 1860, it was pushed all the way to the 1869 day-high. The day ended at 1866, up by USD 12. The uptrend channel(2) on the 1-hour chart is still valid, and the S-T support has shifted from the...

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Gold pulled back from the 1-week high yesterday. Shortly after the market opened at 1848, the price crossed the 1850 resistance early in the Asian session. The day peaked at 1865 before the US session, and the day ended at 1853, up by USD 7. The price pulled back from the upper limit of the uptrend channel(2) yesterday, and it is currently supporting at 1850(1)....

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Gold jumped more than USD 25 yesterday. The day began at 1816; buying orders came into the market after the price touched the day-low at the US session. The first round of buying was triggered by the price breaking out from the trendline(1) during the European session, and the second round of buying appeared during the US session once the market cleared all the...

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Gold supported at 1800 last Friday. The day began at 1882. After a brief rebound toward 1828 at the European session, the selling resumed after the price cleared the support at 1820. The gold price fell all the way to a day-low at 1799 at the US session opening with the day ending near 1811, down by USD 9. The resistance line(2) originated from 1909 is still...

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A tight range-bound for gold yesterday. The day began at 1814, and the price was basically traded between 1810-20 throughout the day. The day ended at 1816, up slightly by USD 1. The price maintains its horizontal path within 1800-30(3) in the 1-hour chart and can continue to take advantage of the range until it breaks. A new downward resistance line(1) has...

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Gold pulled back from the 250 days MA yesterday. The day began at 1824; overall, the price traded between 1822-30 throughout the Asian/European sessions. Until the trading entered the US session, the price spiked to the day-high 1836, then the fall began. It dropped to the day-low at 1812, with the day ending at 1814, down by USD 9. Gold has finally escaped the...

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Gold rallied from the new 2-month low yesterday. The market opened at 1809. The price has started to sink after reaching the early day-high near 1817 in the Asian session. The new 2-month low near 1786 was touched before the European session, and once the European market became active, the price rebounded. The market has gone to as high as 1826 during the US...

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Gold fell more than USD 30 yesterday. The day started at 1851, and the price touched the day-high 1858 early in the Asian session, then the slide began. Once the price escaped the 1840-65(3) range-bound at the US session, selling orders entered the market. The selling momentum has accelerated further after the price broke out from the previous day-low 1830(2),...

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Gold dropped almost USD 30 yesterday. The market opened near day-high at 1883, and the selling resumed once the price broke out from the support trendline(1) in the Asian session. After a brief rebound at the US session, the price broke the 1860 support and ended the day at 1853. Gold has been under the selling pressure from the downward trendline(2) on the...

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Gold rose above 1850 after the Inflation data. The day began at 1838 yesterday. After the price touched the day-low at 1838 early in the Asian session, it steadily moved up before the US session. The price has quickly retraced to 1836 after the US inflation data, but the price rebounded quickly and reached the day-high at 1857. The day ended at 1852, up by USD...

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Gold cleared the critical support at 1850 yesterday. The market opened at 1853; the price rebounded to the day-high at 1865 during the European session. Selling resumed once the market entered the US session, and the price has gone all the way to the day-low at 1835 after it crossed the key support of 1850. The day finally ended at 1837, down by USD 15. Gold...

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Gold barely touched 1910 yesterday. Carried the buying momentum from the day before, gold has reached its early peak 1900 in the Asian session. After a brief consolidation during the European tradings, the buying resumed at the US session, pushing the price to the day-high 1910. But the buying momentum couldn't sustain; the price quickly went below 1900 with...

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Gold dropped to a new 2-month low yesterday. The price kept on rolling lower after the day began at 1899. At the US session opening, it broke out from last week's low, 1874, and touched the day-low at 1854. The price rebounded slightly before the day ending at 1862, down by USD 34. Selling resumed yesterday on the 1-hour chart after the price had broken out...

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Gold rebounded from 1850 yesterday. The day began at 1868. Waiting for the result from US Fed. Meeting, the price has been trading in a tight range between 1862-72 throughout the day. Buying orders have started to enter the market after the US Fed. Announcement breaking the 1880(1) resistance, and went to the 1889 day-high. The day ended at 1881, up by USD...

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Gold rallied from a new 2-month low yesterday. Carried the selling momentum from the day before, the market opened at 1863 and kept on falling early in the Asian session. The price finally touched the day-low 1850 at the European, and the rebound began. It touched the day-high 1878 at the US session with the day ended at 1868, up slightly by USD 5. The selling...