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Gold fell more than 1% yesterday. The market opened at 1955 and the selling pressure was quite strong back from the weekend. The price broke the critical 1950(1) support early in the Asian session and soon cleared all the buying support at the 1941-43(2) zone. It touched the day low 1916 before the day ending at 1922, dropping USD 32. An S-T resistance line(4)...

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Gold crossed the key resistance 1950 yesterday. The market opened at 1944, and it visited the day-low 1937 in the Asian session. The price has started to climb as trading enters the European session. The price crossed the key 1950 resistance(1) and finally reached the day-high 1966 at the US session. The day ended at 1957, up by USD 13. Technical buying orders...

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Gold pulled back from 1950 last Friday. The market opened near 1942. After the price touched the day-high near 1945 early in the Asian session, it gradually slipped lower. The gold price cleared the 1930 support late in the US session, and the day ended at 1920, down by USD 23. The gold price has turned weak after being rejected again by the critical...

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Gold gained USD 23 yesterday. The price steadily increased throughout the day after the market opened near day-low around 1921. It reached the day-high 1948 late in the US session, and the day ended at 1944. The pattern has changed much in the 1-hour chart as the price is still trading within the 1905-50 range. The S-T upward trend has ended in the early...

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Gold pulled back from the top of the range yesterday. The day started at 1936; the price was traded in a tight range between 1931-36 early in the Asian session. Selling has begun since the price broke the 1930 support at the European session, and the drop has accelerated after it crossed the support trendline (1) at the US session. The day-low touched 1910 with...

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Gold traded in a relatively tight range yesterday. The price was under pressure from the 1930 resistance and the downward trendline (1) early in the Asian and European sessions. Breaking out from trendline(1) at the US session, the trading range has finally moved from 1920-30 to 1930-40. The day ended at 1935, up by USD 14. Early in the Asian session today,...

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Gold touched again the 1950 major resistance yesterday. Carried the buying momentum from the day before, the price has broken the 1930(1) resistance early in the Asian session. It kept moving until it hit the key 1950 resistance at the US session. The day ended at 1942, up by USD 15. After the price was rejected by 1950 yesterday, the market entered an S-T...

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Gold rallied from the 2-week low yesterday. The market opened at 1920, and the price has basically traded between 1908-30(2) throughout the day before the US fed. Meeting. The price touched the 2-week low, 1894, at the Fed.'s announcement, but the price has rebounded before the day's end. The market closed at 1926, up by US 8. AS mentioned yesterday, the...

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Gold slipped further yesterday. The market has opened at 1980, and the price has kept slipping throughout the trading day; it broke last Friday's low, 1959, at the US session opening. The market closed near day low at 1950, with the day lower by USD 37. The price has broken the lower support the downtrend channel(2) early in the Asian session today, a sign of...

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Gold stabled around the 1990 level yesterday. Carried the selling momentum from the day before, the market opened at 1991, and the price quickly touched the day low at 1970 early in the Asian session. The price rebounded to the day-high 2009 before entering the US session. The price was range-bound between 1970-2010 throughout the day, with the market closed at...

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Gold broke out from 1950 last Friday. The day began at 1936, and the price had been rejected by 1950(1) throughout the Asian & European sessions in early trading. After the release of the better than expected US employment figures at the US session, buying orders came into the market. Once gold cleared all the resistance at 1950(2), the price went all the way and...

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Gold pulled back from near the record high yesterday. The market opened at 2050, early in the Asian session. The fall technically began once the price crossed the support trendline(1); it fell all the way to the 1st support at 2020. It only took a short while to clear the support at 2020 & 2000(2). Gold touched day low 1975 at the US session, and the trading day...

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Gold run for the record high yesterday. The day began at 1997 early in the Asian session, and once it had breached the 2000 barrier, the price reached the early high at the 2020 level. The climb resumed at the US session, and it touched the day-high at 2070. The day finally ended at 2049, up by USD 52. The high and low of 2020-70 at the US session yesterday has...

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Gold eased from 2000. Back from the weekend, the market opened with a gap up at 1979 yesterday. The price first touched the 2000 barrier early in the Asian session. The price refilled the gap at the opening of the US session consolidated toward the day-low at 1960. The day ended at 1997, up by USD 27. With the current situation in Ukraine, it is hard to find a...

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Gold was steady yesterday. The day began at 1929. The early trading in the Asian and European sessions was under the resistance of 1930, bounded between 1920-30. Buying orders have started to enter the market until the US session. The price touched day-high at 1941 with the day ending at 1935. The market was in line with our expectation yesterday, the price...

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Gold tested the 1880 supported for the second time in 2 days last Friday. Since the market opened at 1906, the price kept moving higher until it reached day-high 1921. The price has slipped after that; it touched 1882 at the US session, with the day ending at 1888, down by USD15. Gold escaped the selling trendline(1) at the end of the US session last Friday; the...

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Gold was rejected by 1950 again yesterday. The day began at 1943, and the price has traded between 1930-50(1) during the Asian & European sessions. The drop has started after the price broke the S-T support line(2) and the neckline of the mini-double top pattern(3) at the US session. The day-low has gone to as low as 1915, ending the day at 1928, down by...

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Gold gained USD 36 yesterday. The market opened at 1908; the climb began early in the Asian session after a short consolidation toward 1900. The price broke out from downward trendline(1) and the critical resistance 1930(2), climbed all-the-way to 1950 ending the day at 1944, The gain yesterday was triggered by news again from Ukrain, with the oil price...