Gold price rebounds bearishly slightly after approaching from the intraday resistance line that appears on chart located now at 1353.00, as the price trades near the EMA50 that forms support base against the intraday trading, accompanied by stochastic entering the oversold areas. Therefore, these factors encourage us to continue suggesting the overall bullish...
Gold price provides slight positive attempts now approaching from the waited-to-be-breached resistance at 1353.50, as stochastic begins to provide positive overlapping signal now, to support the chances of breaching the mentioned level followed by pushing the price to continue the main bullish trend. Therefore, the bullish trend will remain valid and active for...
Gold price settles near the key resistance 1354.10, as the price needs to breach this level to reinforce the expectations of achieving more gains in the upcoming period, to open the way to test the previously recorded top at 1375.00 followed by heading towards 1400.00 as a next main target. In general, we will continue to suggest the bullish trend in the...
Gold price shows indications of the beginning of rising now, to support the continuation of the bullish trend scenario for today, which gets positive support by the EMA50, waiting to test 1354.60 level as a first main target. Therefore, our positive overview will remain valid for the rest of the day, conditioned by the price stability above 1297.75 level,...
Gold price managed to breach the EMA50 and get rid of its intraday negative pressure, reinforcing the expectations of continuing the rise in the upcoming sessions, and the way is open to test the key resistance 1354.60, which breaching it represents the key to extend gold price gains to reach 1400.00. Therefore, the bullish trend will remain suggested on the...
Gold price hovers around 1310.65 level since morning, as the price is affected by stochastic negativity and the negative pressure provided by the EMA50, while we still believe that the chances are valid to trade positively in the upcoming sessions depending on the price failure to break 1310.65 level in the recent trades. Thus, we will keep our bullish overview...
Gold price approached from touching our main waited target at 1297.75 and bounced bullishly to settle above 1310.65 level, which hints the price attempt to regain its main bullish track that the decline that dominated the recent trading after placing 1375.01 high, especially that the price is resisting completing the double top pattern that its signs appear on...
price shows slight negative trading heading towards our next waited target at 1297.75, which supports the continuation of the bearish trend scenario for the rest of the day, being aware that it is important to monitor the price gold behavior when reaching the targeted level, as breaking it represents the key to extend the bearish wave to reach 1249.95 direct. ...
Gold price continues to fluctuate at the key support 1310.65, which represents the neckline of the double top pattern that its signs appear on chart, which urges caution from the upcoming trading, especially in case the price continued its negative pressure to break 1297.75, which will force the price to continue the bearish wave to visit 1249.95 areas direct. ...
Gold price begins to provide negative trading supported by the negative signal that appears on stochastic, while the EMA50 keeps pushing negatively on the intraday trading, which supports the continuation of our bearish trend overview for today, which targets testing 1310.65 followed by 1297.75 levels mainly, reminding you that it is important to monitor the price...
Gold price fluctuates within tight track since morning settling around 1320.00, and as long as the price is below the intraday resistance formed by the EMA50 at 1332.00, the bearish bias will remain valid for today, waiting to test 1310.65 followed by 1297.75 levels mainly. We remind you that the stability of the last level against the expected decline will lead...
Gold price provides slight positive trading to head towards the EMA50 that forms negative pressure against the intraday trading, noticing that stochastic enters the overbought areas now, to form negative factor that we are waiting to push the price to decline again. Therefore, we will continue to suggest the intraday bearish trend for today unless breaching...
Gold prices moved in a tight range of trading after tumbling yesterday, as we still expect a drop to our targets between 1310.65 and 1297.75, which enhances the downward slide awaited in the intraday levels, which would remain temporary if the last level isn't breached, with the breach opening the door for more losses, with the stock then aiming for 1249.95. A...
Gold price traded with clear negativity yesterday after facing the EMA50 in the past sessions, to head towards our waited targets located between 1310.65 and 1297.75, which supports the continuation of the expected bearish bias on the intraday basis, which will remain temporary unless breaking the last level, as breaking it represents the key to extend the bearish...
Gold price fluctuates within tight track since morning settling below 1346.40 level, which keeps the negative pressure valid for today, to keep the bearish trend scenario dominant on the intraday trading, which targets testing 1310.65 followed by 1297.75 levels mainly. We remind you that the expected decline is temporary unless breaking the above mentioned...
Gold price rallied bullishly to reach the first expected target at 1114.50, which represents 50% Fibonacci level for the last bearish wave that appears on chart, which means that breaching this level will push the price towards 1130.60 direct. The EMA50 keeps supporting the price from below, which encourages us to expect more rise in the upcoming sessions, which...
SELL 1062.00 TP:1052 TP:10.00 STOP:10.68 ______________________________________________________________________________________ BUY:1070 TP:1100 TP:1150 STOP:1062