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Financial portal that provides news and analysis about the different financial markets.

Gold price settles at the support – Analysis - 08-01-2021

Gold price settles at the intraday bullish channel’s support line, as the EMA50 meets this support to protect trading inside the mentioned channel, while stochastic continues to provide the positive signals. Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned

Midday update for Gold 08-01-2021

Gold price broke 1900.00 level strongly and test the support base formed at the previously breached resistance at 1890.00, which makes us prefer staying aside until the price confirms breaching one of the mentioned levels followed by detecting the next destination clearly. Note that breaking 1890.00

End of day analysis for Gold 08-01-2021

Gold price declined strongly to break 1890.00 level and touch the expected negative target at 1838.10 direct, facing to provide more potential negative trades in the upcoming period, taking into consideration that breaking the last level will push the price to suffer additional losses that reach 176

Midday update for Gold 07-01-2021

Gold price shows positive trades in attempt to move away from the intraday bullish channel’s support line, motivated by the positive signal provided now by stochastic, waiting to surpass 1928.60 to reinforce the chances of continuing the rise for the rest of the day, which its next target located at

Gold price faces negative pressure – Analysis - 07-01-2021

Gold price’s decline stopped at 1900.00$ barrier, and as we notice from the chart, this level represents the intraday bullish channel’s support line, as the EMA50 meets this support to add more strength to it, accompanied by stochastic reach to the oversold areas. Therefore, these factors encourage

Update: Gold price suffers sharp losses

Gold price bounced downwards strongly to break 1928.00 level and tests the intraday bullish channel’s support line that appears on the chart, which urges caution from the upcoming trading, as continuing the decline and breaking 1900.00 will push the price to suffer more losses and head towards 1838.

Gold price confirms the breach – Analysis - 05-01-2021

Gold price ended yesterday above 1928.60, to confirm opening the way to achieve more expected gains on the short term and medium term basis, noting that our next station is located at 1970.00. Stochastic current negativity might cause some temporary sideways fluctuation before resuming the main bull

Midday update for Gold 05-01-2021

Gold price shows calm positive trades in attempt to resume the expected bullish trend for today, to keep the positive scenario valid and active for the rest of the day, depending on the price stability above 1928.60, reminding you that the waited target is located at 1970.00, which breaching it repr

Gold price achieves good gains – Analysis - 31-12-2020

Gold price provided good positive trades yesterday to test 1900.00$ barrier, waiting for more rise to surpass this level and head towards 1928.00 that represents our next positive target. Therefore, the bullish trend scenario will remain valid and active for the upcoming period supported by the EMA5

Midday update for Gold 06-01-2021

Gold price resumes its positive trading clearly to approach our waited target at 1970.00, waiting for more rise to surpass this level and open the way to visit 2000.00$ barrier as a next station, taking into consideration that the continuation of the bullish wave requires holding above 1928.60. The

Gold price begins with strong positivity – Analysis - 04-01-2021

Gold price opened today with strong rise to surpass 1900.00 barrier and approaches our main waited target at 1928.60, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, noting that surpassing the mentioned target will extend Gold gains to reach 1970.00

Gold price needs the positive momentum – Analysis - 06-01-2021

Gold price settles around 1945.00 level since yesterday, and the price is affected by stochastic negativity, which might cause more sideways fluctuation until the price manages to gain enough positive momentum to push trades to resume the main bullish trend, which targets 1970.00 as a next positive

End of day analysis for Gold 04-01-2021

Gold price confirmed breaching 1928.60 and keeps its stability above it, reinforcing the expectations of continuing the bullish trend that its next target located at 1970.00, waiting for more rise in the upcoming sessions, noting that holding above 1928.60 represents the first condition to continue

Midday update for Gold 04-01-2021

Gold price succeeded to touch our waited target at 1928.60 and attempts to breach it, which supports our expectations of extending the bullish wave on the longer term basis, paving the way to head towards 1970.00 as a next main target, supported by the EMA50 that carries the price from below, remind

End of day analysis for Gold 21-12-2020

Gold price returned to rise and attempts to consolidate above 1875.00, to hint the attempt to return to the bullish track after reaching the tresholds of the first suggested negative target in our last report at 1850.00, and we still monitor the price to confirm the next destination, noting that hol

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