Tag: Gold

May 30
Gold prices rise with the decline of the US dollar

Gold prices rose in trading Monday, May 30, 2022, with the weakness of the US dollar, although the gains turned some investors to riskier assets in Asia. Despite the precious metal’s gains, in recent days; This will not prevent a new monthly decrease. Gold Prices Today The price of gold futures contracts – August delivery […]

May 26
Gold prices are falling with the rise of the US dollar

Gold prices fell during trading today, Thursday, May 26, 2022, with the rise of the US dollar. The decline comes with the support of the signals shown by the US Federal Reserve policy meeting; The US central bank is likely to continue on its path of raising interest rates. Gold Prices Today The price of […]

May 24
Gold Wave Analysis – 24 May, 2022

• Gold broke resistance level 1855.00• Likely to test resistance level 1900.00 Gold continues to rise after the earlier breakout of the resistance level 1855.00 (former support from the start of May) and the 50% Fibonacci correction of the downward impulse from last month. The breakout of the resistance level 1855.00 should accelerate the active […]

May 23
Gold prices rise by 11 dollars with the decline of the US currency

Gold prices rose in trading on Monday to its highest level in more than a week, supported by the weakness of the dollar. The rise in gold prices came despite higher US Treasury yields, which limited gains in dollar-denominated bullion. Gold prices today The price of gold futures contracts – for delivery next August – […]

May 20
Gold prices rise and are heading for the first gains in 5 weeks

Gold prices rose during trading on Friday, with the metal heading towards recording its first weekly gain in 5 weeks. The precious metal benefited from the US dollar’s retreat from the threshold of its highest levels in two decades, in addition to the exacerbation of concern about the growth of the US economy. And gold […]

May 17
Gold prices rise 0.2% as the US currency declines

Gold prices rose, today, Tuesday, May 17, with the dollar’s ​​decline, after previous pressures that led to the decline of the yellow metal with the recovery of US Treasury bond yields. The dollar is struggling to make gains after falling from nearly 20-year highs, while a weakening Chinese yuan found a floor as investors scaled […]

May 16
Gold Wave Analysis – 16 May, 2022

• Gold reversed from support zone• Likely to rise to resistance level 1825.00 Gold today reversed up from the support zone located between the key support at 1790.00 (which has been reversing the price from December) and the lower daily Bollinger Band. The upward reversal from the support zone is currently forming the daily Hammer […]

May 13
Gold prices are falling with the rise of the US dollar

Gold prices fell, during trading today, Friday, May 14, 2022, and remained near their lowest level in 3 months, with the dollar rising and recording its highest level in two decades. The rise in the US currency weakened the demand for bullion priced in dollars, as the yellow metal is heading to record its fourth […]

May 10
Gold prices rise with the decline of the US dollar

Gold prices rose during trading on Tuesday, with the dollar retreating from its highest levels in two decades, prompting investors to choose bullion priced in the US currency. This comes at a time when investors are waiting for key US data for clues regarding the Federal Reserve’s stance on raising interest rates. Gold prices ended […]

Apr 29
Gold Wave Analysis – 29 April, 2022

• Gold reversed from support zone• Likely to rise to resistance level 1940.00 Gold recently reversed up from the support zone located between the support levels 1900.00 and 1800.00. This support zone is strengthened by the lower daily Bollinger Band by the 61.8% Fibonacci correction of the upward impulse from the middle of December. Gold […]