Economies
Midday update for Gold 25-03-2022
Gold price couldn’t hold for long time above 1960.00, to trade negatively and head towards testing 1925.35 level in the upcoming sessions, making the bearish bias suggested for the rest of the day supported by stochastic negativity, noting that breaching 1960.00 and holding above it will lead the pr
Update: Gold price reaches the target
Gold price rallied upwards to reach our waited target at 1960.00, and we need to monitor the price at this level, as breaching it will extend gold price gains to reach 2000.00 as a next main station, while consolidating against the bullish bias will lead the price to decline and test 1925.35 areas i
Midday update for Gold 24-03-2022
Gold price fluctuates around the EMA50, settling above it, thus, no change to the bullish trend scenario that depends on the price stability above 1925.35, waiting to get positive momentum that assist to push the price to achieve our main waited target at 1960.00, reminding you that breaking 1925.35
Gold price is recovering – Analysis - 24-03-2022
Gold price confirmed breaching 1925.35 level and hold above the EMA50, to head towards achieving more expected rise on the intraday basis, targeting testing 1960.00 as a first station, noting that breaching this level will extend gold price gains to reach 2000.00 barrier. Stochastic current negativi
Evening update for Gold 23-03-2022
Gold price trades with clear positivity to breach 1925.35 level and attemtps to build support base above it, which urges caution from the upcoming trading, as the price heads to rise again and achieve expected gains that reach 1960.00 initially, and we prefer to stay aside to monitor the daily candl
Gold price breaks the support – Analysis - 23-03-2022
Gold price ended yesterday below 1925.35 level, to fall under expected negative pressure in the upcoming sessions, supported by the negative pressure formed by the EMA50, waiting to head towards 1890.00 as a next main target. Stochastic current positivity might push the price to attempt to recover a
Midday update for Gold 22-03-2022
Gold price returns to test the key support 1925.35, and as long as the price is above this level, our bullish overview will remain valid, which its targets begin by breaching 1941.00 to open the way to visit 1960.00 level, noting that breaking 1925.35 will put the price under negative pressure that
Midday update for Gold 21-03-2022
Gold price trades below 1925.35 level now, to hint heading to decline in the upcoming sessions, but the positive scenario still valid unless the price close the daily candlestick below the mentioned level, which will push the price to head towards 1890.00 mainly, while the price needs to step above
Gold price attempts to consolidate above the support – Analysis - 21-03-2022
Gold price faced negative pressure in the previous sessions and attempted to break 1925.35 level, but it begins today above this level, to keep the chances valid to resume the expected bullish trend on the intraday basis, which its next main target located at 1960.00. Stochastic supports the suggest
Midday update for Gold 18-03-2022
Gold price continues to fluctuate near 1925.35 level and keeps its stability above it until now, noticing that stochastic gathers the positive momentum clearly, waiting to provide positive motive that assist to push the price to resume the bullish trend, which targets 1960.00 as a next station, remi
Gold price tests the support base – Analysis - 18-03-2022
Gold price faced solid resistance formed by the EMA50 against the positive trades, to test the support base formed above 1925.35 and still above it until now, waiting to get positive motive that assist to push the price to resume the main bullish trend, which its next target located at 1960.00. Note
Midday update for Gold 17-03-2022
Gold price resumes its positive trading to move away from 1925.35 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, which targets 1960.00 as a next station, which breaching it represents the key to rally towards additional positive targets that reach 2002.0
Gold price surpasses the resistance – Analysis - 17-03-2022
Gold price approached our waited negative target at 1890.10 yesterday, but it bounced upwards clearly and begins today with additional rise to breach 1925.35 and settles above it, which leads the price to attempt to regain the main bullish trend again, on its way to test 1960.00 initially, noting th
Midday update for Gold 16-03-2022
Gold price settles below 1925.35 level, to keep the negative pressure valid for today, supported by stochastic loss to the positive momentum clearly, waiting to resume the bearish trend that depends on the price stability below the mentioned level, noting that our next main target is located at 1890
Midday update for Gold 14-03-2022
Gold price begins to press on the double top pattern, to support the continuation of the expected bearish trend scenario for today, which its targets begin by breaking 1960.00 to confirm opening the way to head towards 1925.35 as a next negative station, reminding you that it is important to hold be
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