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Daily Report

Daily Gold Report 6 Nov 2023

Gold declined this morning but it still moves in its upward-slopping channel in the short term, where a break of the support area of $1975 would help gold breakout from the channel, targeting $1933, and will find in its way support at $1953.

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Daily Gold Report 2 Nov. 2023

November 2, 2023

Gold prices rose today morning after less hawkish stance from Fed Chair Jerome Powell, ahead of the release of U.S. weekly jobless claims, labor productivity and factory orders reports.

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Daily Gold Report 1 Nov. 2023

November 1, 2023

Gold prices declined today morning before the Fed interest rate decision later in the day, as well as U.S. ADP non-farm employment change and ISM manufacturing PMI for October.

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Daily Gold Report 30 Oct. 2023

October 30, 2023

Gold prices declined today morning for a correction after breaching $2000 level, yet gold may still continue its uptrend on the short and intermediate terms, targeting resistance area at $2032.

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Daily Gold Report 26 Oct. 2023

October 26, 2023

Gold prices rose today morning as it breached the upper boundary of the downward channel that gold moves in on the short term to continue its uptrend.

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Daily Gold Report 24 Oct. 2023

October 24, 2023

Gold prices rose this morning, but it entered sideways on the short term. If it breaches resistance area $1997, gold will form a rising flag on the short term

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Daily Gold Report AR 23 Oct. 2023

October 23, 2023

ارتفع الذهب صباح اليوم بعد اختبار منطقة الدعم 1964 دولار كحركة تصحيحية، حيث قد يواصل الذهب اتجاهه الصاعد على المديين القصير والمتوسط باختراق مستوى 2000 دولار ومن ثم استهداف منطقة المقاومة عند 2032 دولار.

Category | Daily Report

Daily Gold Report 23 Oct. 2023

October 23, 2023

Gold rose today morning after testing support area at $1964 for a correction, where gold may continue its uptrend on the short and intermediate terms by breaching $2000 level to target resistance area at $2032.

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Daily Gold Report 17 Oct. 2023

October 17, 2023

Gold rose today morning as it may rise to breach resistance area at $1932, targeting resistance area at $1948 in order to continue its uptrend on the short term

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Daily Gold Report 16 Oct. 2023

October 16, 2023

Gold declined today morning as a correctional movement until it reached support area at $1908. For gold to resume its uptrend towards $1948 then $1980 on the intermediate term.

Category | Daily Report