1uptick

1uptick

Gold dipped to near 1730 yesterday. The week began at 1750; the price has kept moving lower throughout the day, whereas the selling momentum from last week has resumed back from the weekend. It touched day-low at 1731 at the US session, with the day ending at 1737. An S-T downtrend channel(2) has formed in the past 72 hours since gold escaped the uptrend...

1uptick

Gold was again rejected by 1785 yesterday. The day began at 1778; the price was bounded by the 1770-80 range throughout the Asian & early European sessions; it jumped to the day-high near 1785 before the US session. The price stayed above 1780 for a few hours but pulled back at the US session opening. The day ended at 1773, down by USD 5. As mentioned...

1uptick

Gold renewed the 2-month high yesterday, but the selling pressure was intense. The day began at 1771; the price was bounded in a tight range between 1766-74 in early trading. It tried to clear the resistance at 1780, touching the day-high at 1786 at the US session opening. The day ended at 1778, up by USD 7. After three attempts(2) yesterday, gold failed to...

1uptick

Gold reached a new 2-months high yesterday. The day began at 1765; the price rallied toward the day-low at 1753 throughout the Asian and European sessions. As the market approached the US session, the buying resumed. Gold reached a new 2-months high at 1775. The day ended near 1771, unchanged from the day before. The trend remains upward on the 1-hour chart...

1uptick

Gold traded in a tight range yesterday. The overall daily movement was pretty much like the day before - pulling back before the day's end.; the price climbed to the day-high 1660 in the early session and retraced back to the opening price of 1650 before the day's end. The S-T trend is still controlled by the S-T downtrend resistance (1.1) that was mentioned...

1uptick Updated 

Gold had pullback before the day's end yesterday. The market opened at 1642 back from the weekend. The price has kept moving higher in the Asian and European sessions. It hit the day-high 1668 at the US session opening, then the price retraced. The day ended at 1650, up by USD8 after all. The downtrend on the 1-hour chart slowed down yesterday after the...

1uptick Updated 

Carried the selling momentum from last Fri., gold sank further yesterday. The market opened at 1694 back from the weekend. After the price briefly touched 1700 during the opening hours, the bearish run began. It cleared the 1680 support in the US opening session and landed at the day-low near 1665. The day ended at 1668, down by USD 25. Selling resumed after...

1uptick

Gold touched a new 1-week low yesterday. The day began at 1667, and the price was traded between 1660-71 throughout the Asian & European sessions. A rapid jump to the day-high 1684 occurred at the US session, but the price got pull-back led to the day ending at 1665, down by USD 2. The S-T selling trend originated from 1710 has ended yesterday after the price...

1uptick

Gold renewed the 3-weeks high yesterday. Carried the buying momentum from the day before, a new round of buying was triggered after the price cleared the resistance at 1700 early in the Asian session. The bullish trend continued until it touched the day-high near 1729 late in the US session. The day ended at 1725, up by USD 25. After all the interventions and...

1uptick

Gold rebounded from the new 2-year low. The price has been consolidating during the Asian and European sessions after the market opened at 1628 yesterday. Once the news from BOE hit the market, the surge began. At the US session opening, buying came into the market and cleared the resistance at the trendline(1). The price jumped to the day-high at 1662, with...

1uptick Updated 

Gold tested a new 2-year low yesterday. Back from the weekend, gold has dropped to the early low near 1626 in the Asian session. However, the price has quickly rebounded. At the European session, it already reached the day-high at near 1649. Selling resumed in the late US session, where the day ended near the day-low at 1622. The overall trend in the...

1uptick

Gold bounced but failed to break out from the range. The day began at 1664 yesterday. The price was bounded by a tight 1660-65 range early in the Asian session. It reached the early peak of 1677 at the EU session after Putin's speech. At the US Fed. The announcement, gold has rebounded quickly from the 1653 day-low to the weekly high of 1688. The day...

1uptick Updated 

Gold was steady yesterday near the 2-years low yesterday. The market opens at 1657 back from the weekend. The price was rejected by the key resistance 1680 early in the Asian session, and the price kept moving lower toward the day-low near 1659 until the US session turned active. The day ended up closing at 1675, unchanged from the trading day before. The...

1uptick

Awaited Fed. rate decision, gold prices remained stable yesterday. The day began at 1675, where the price overall was trending downward throughout the early Asian and European sessions. It cleared the S-T trendline(1) at the US session and traveled all the way to 1660, the daily low from the day before. The day ended at 1664, down by USD 19. 1660-80(2) can be...

1uptick

Gold cleared the 1680 major support yesterday. The market opened near 1697, and the price had already sunk below 1690(1) early in the Asian session. Before the US session got active, it bounced between 1685-90. Once it cleared the critical support supprot later in the US session, the price went to a new 2-year low near 1660. The day ended at 1664, down by USD...

1uptick

Gold cleared the 1700 support yesterday. The day began at 1791. The trading was relatively stable during the Asian and European sessions, within the tight range of 1700-07. The price cleared the 1700(1) support late in the US session, pushing the price to the day-low near 1693. The day ended at 1696, down slightly by USD 4. The market has been quiet since the...

1uptick

Gold pulled back near the 1-week high yesterday. The day began at 1724. and the price was bounded by 1720-30 during the early Asian and European sessions. Once the US released its inflation figures, the price broke out from the uptrend channel(1) and dipped to the day low near 1697. The day eventually ended at 1701, down by USD 23. Although gold fell more...

1uptick

Gold stayed in a tight range yesterday. The day began at 1748, and the price was bounded within 1745-50 early in the Asian & European sessions. It touched the day-low near 1742 before the US session, then the buying came into the market. The day-high reached 1755, with day ending at 1750. The uplifting momentum has accelerated as the upward trend line shifted...