Gold prices rose today morning as it broke out from sideways by breaching the upper boundary near the $1833 area. Gold has started an uptrend in the short term, targeting a resistance area at $1858.
Gold declined today morning after breaking $1855, which acts as an important support area in the long term. If gold stabilizes below, it will retreat to the $1650 level.
Gold prices fell to $1915 after failing to break the $1930 resistance, with the possibility of further declines to $1905 and $1885 if support fails. The European Central Bank has raised its rates to 4% but is cautious about further increases, while oil prices rose due to tightening supply. The dollar remains strong as the Federal Reserve maintains a hawkish stance, with market focus on upcoming U.S. economic data and signals from Fed officials.
Gold declined today morning but still moves in sideways between the support area $1915 and the resistance area $1930, until breaking one of them to determine its next path.
Gold declined today morning but still moves in sideways between the support area $1915 and the resistance area $1930, until breaking one of them to determine its next path.
Gold prices rose this morning to test the resistance area at $1930, where its breach could help prices rise to the resistance area at $1950 in the short term
Gold rose this morning slightly for a correction after testing the support area at $1915, where it may continue its upward move until reaching the resistance area at $1930.
Gold declined today morning to test the support area at $1935, where its break would prompt gold to enter a downtrend in the short term, targeting the support area at $1915.
On September 4, 2023, gold prices rose to test the resistance level at $1946, with potential declines towards $1935 if this support is broken, while a breach above $1950 could lead to targets of $1972 and $2000. The dollar index retreated as a soft U.S. jobs report suggested the Fed might pause interest rate hikes, which markets believe there is a 93% chance of on September 19-20. Meanwhile, European shares gained amid expectations of continued stimulus in China, despite downturns in German exports and trade surplus.
Gold rose this morning after breaching $1923 and entering an uptrend in the short term, where prices may move higher toward the resistance area at $1945.
Gold prices rose after breaching the $1923 resistance level, with potential upward movement towards $1945, while concerns linger over breaking the support at $1935. Market reactions were influenced by weaker U.S. job opening data, leading to speculation about no further Fed rate hikes this year. Meanwhile, European shares gained amid hopes of increased economic support from China, and oil prices rose due to a significant draw in U.S. crude inventories.
Gold prices fell to $1915 after failing to break the $1930 resistance, with the possibility of further declines to $1905 and $1885 if support fails. The European Central Bank has raised its rates to 4% but is cautious about further increases, while oil prices rose due to tightening supply. The dollar remains strong as the Federal Reserve maintains a hawkish stance, with market focus on upcoming U.S. economic data and signals from Fed officials.
Gold declined today morning but still moves in sideways between the support area $1915 and the resistance area $1930, until breaking one of them to determine its next path.
Gold declined today morning but still moves in sideways between the support area $1915 and the resistance area $1930, until breaking one of them to determine its next path.
Gold prices rose this morning to test the resistance area at $1930, where its breach could help prices rise to the resistance area at $1950 in the short term
Gold rose this morning slightly for a correction after testing the support area at $1915, where it may continue its upward move until reaching the resistance area at $1930.
Gold declined today morning to test the support area at $1935, where its break would prompt gold to enter a downtrend in the short term, targeting the support area at $1915.
On September 4, 2023, gold prices rose to test the resistance level at $1946, with potential declines towards $1935 if this support is broken, while a breach above $1950 could lead to targets of $1972 and $2000. The dollar index retreated as a soft U.S. jobs report suggested the Fed might pause interest rate hikes, which markets believe there is a 93% chance of on September 19-20. Meanwhile, European shares gained amid expectations of continued stimulus in China, despite downturns in German exports and trade surplus.
Gold rose this morning after breaching $1923 and entering an uptrend in the short term, where prices may move higher toward the resistance area at $1945.
Gold prices rose after breaching the $1923 resistance level, with potential upward movement towards $1945, while concerns linger over breaking the support at $1935. Market reactions were influenced by weaker U.S. job opening data, leading to speculation about no further Fed rate hikes this year. Meanwhile, European shares gained amid hopes of increased economic support from China, and oil prices rose due to a significant draw in U.S. crude inventories.