GOLD

The dollar index retreated slightly after scaling a new 20-year high on Monday. A rout in most other asset classes and rising interest rates boosted the greenback’s safe haven demand, helping the currency largely overtake gold as a preferred safe haven buy this year....

27 Sep 22 (Tue)

03:26 am

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GOLD

As long as the GOLD price stays below 1650 on a four-hourly basis, we will see the main support levels at 1638 and 1626. On the upside, if the price move up 1650, the next level will be at 1667. Support: 1638 - 1626Resistance: 1650 - 1667 -1684

26 Sep 22 (Mon)

06:58 am

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GOLD

The dollar index, which tracks the greenback against a basket of six advanced economy currencies, rose to a new 20-year high over 112, as surging short- and long-term interest rates on dollars continued to suck in capital from around the world. As long as the GOLD pr...

23 Sep 22 (Fri)

02:09 pm

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GOLD

The Fed raised interest rates by 75 basis points on Wednesday, as expected. Chairman Jerome Powell warned that the bank will keep hiking rates at a sharp clip, even risking pressure on economic growth and the labor market, as it struggles to rein in runaway inflation.

23 Sep 22 (Fri)

02:11 am

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GOLD

The hawkish comments cemented expectations that U.S. interest rates will end the year well above 4%- their highest level in over 14 years. As long as the GOLD price stays below 1667 on a four-hourly basis, we will see the main support level at 1650. On the other hand...

22 Sep 22 (Thu)

02:58 am

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GOLD

Updated economic projections from policymakers will be in focus, as investors would like to gauge where interest rates are headed, how long it would take inflation to fall and the pain rising prices are inflicting on the U.S. economy. As long as the GOLD price stays...

21 Sep 22 (Wed)

01:53 pm

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GOLD

The U.S. dollar remained near a 20-year high as the market geared up for another aggressive rate increase by the Federal Reserve. As long as the GOLD price stays below 1667 on a four-hourly basis, we will see the main support level at 1650. On the other hand, if...

21 Sep 22 (Wed)

03:18 am

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GOLD

The World Bank warned last week that the world’s economy has been slowing sharply, and even a moderate hit to the global economy over the next year could tip it into recession. As long as the GOLD price stays below 1684 on a four-hourly basis, we will see the m...

20 Sep 22 (Tue)

02:52 am

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GOLD

As long as the GOLD price stays below 1684 on a four-hourly basis, we will see the main support levels at 1667 and 1650. On the upside, if the price move up 1684, the next level will be at 1698. Support: 1667 - 1650Resistance: 1684 - 1698 - 1711

19 Sep 22 (Mon)

03:59 am

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GOLD

August’s retail sales report showed a gain of 0.3%, surpassing forecasts and a strong showing for the consumer despite inflation. Meanwhile, new jobless claims came in at 213,000 last week, also beating expectations. As long as the GOLD price stays below 1667 o...

16 Sep 22 (Fri)

04:09 am

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GOLD

U.S. producer price inflation data further confirmed that inflation remained pinned near 40-year highs in August. This is likely to drive more sharp interest rate hikes by the Fed as it moves to combat heightened price pressures. As long as the GOLD price stays above...

15 Sep 22 (Thu)

03:05 am

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GOLD

Gold prices held just above the $1,700 mark on Wednesday, remaining under pressure after stronger-than-expected U.S. inflation data pointed to more dollar strength in the coming weeks. As long as the GOLD price stays above 1698 on a four-hourly basis, we will see the...

14 Sep 22 (Wed)

03:16 am

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GOLD

As long as the GOLD price stays above 1722 on a four-hourly basis, we will see the main resistance level at 1736. On the downside, if the price goes drops below 1722, the next support level will be at 1711 Support: 1722 - 1711 - 1698Resistance: 1736 - 1745

13 Sep 22 (Tue)

03:21 am

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GOLD

As long as the GOLD price stays above 1711 on a four-hourly basis, we will see the main resistance level at 1722 and 1736. On the downside, if the price goes drops below 1711, the next support level will be at 1698 Support: 1711 - 1698Resistance: 1722 - 1736 - 1...

12 Sep 22 (Mon)

03:26 am

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GOLD

Federal Reserve Chair Jerome Powell reiterated that the U.S. central bank will continue to raise interest rates in order to tame surging inflation and warned against prematurely loosening monetary policy. As long as the GOLD price stays above 1711 on a four-hour...

09 Sep 22 (Fri)

04:38 am

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GOLD

Federal Reserve Chair Jerome Powell reiterated that the U.S. central bank will continue to raise interest rates in order to tame surging inflation and warned against prematurely loosening monetary policy. As long as the GOLD price stays above 1711 on a four-hour...

09 Sep 22 (Fri)

04:38 am

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GOLD

Fed Chair Powell is scheduled to take part in a panel discussion at 9:10 ET at the Cato Institute's virtual meeting. As long as the GOLD price stays above 1711 on a four-hourly basis, we will see the main resistance level at 1722 and 1736. On the downside, if the...

08 Sep 22 (Thu)

03:36 am

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GOLD

The dollar index rose after the Institute for Supply Management said its non-manufacturing PMI edged up to a reading of 56.9 from 56.7 in July, the second straight monthly increase after three months of declines. As long as the GOLD price stays below 1698 on a four-h...

07 Sep 22 (Wed)

05:59 am

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GOLD

Gold prices recovered sharply from a six-week low on Tuesday as a worsening energy crisis in Europe drove up safe-haven demand, while copper extended gains on expectations of more Chinese stimulus measures. As long as the GOLD price stays above 1711 on a four-hourly...

06 Sep 22 (Tue)

06:10 am

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GOLD

As long as the GOLD price stays above 1711 on a four-hourly basis, we will see the main resistance level at 1722 and 1736. On the downside, if the price goes drops below 1711, the next support level will be at 1698 Support: 1711 - 1698Resistance: 1722 - 1736 - 1...

05 Sep 22 (Mon)

03:46 am

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GOLD

As long as the GOLD price stays below 1705 on a four-hourly basis, we will see the daily support level at 1694 and 1694. On the upside, if the price goes beyond 1705, the next resistance level will be at 1718 Support: 1694Resistance: 1705 - 1718 - 1736

02 Sep 22 (Fri)

04:48 am

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GOLD

Hawkish comments from a number of Fed officials, point to the U.S. central bank hiking by a probable 75 basis points in September. As long as the GOLD price stays below 1718 on a four-hourly basis, we will see the daily support level at 1705 and 1694. On the upside,...

01 Sep 22 (Thu)

06:17 am

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GOLD

Traders increased their bets on the chance of a third-straight 75-basis-point rate hike by the Fed in September to 74.5% from around 66.5% about an hour before Tuesday's U.S. economic data was released. As long as the GOLD price stays below 1736 on a four-ho...

31 Aug 22 (Wed)

03:20 am

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GOLD

The dollar touched a fresh 20-year high on Monday, lifted by hawkish comments by Federal Reserve Chair Jerome Powell, but was kept in check as the euro was boosted by growing expectations for European Central Bank (ECB) rate hikes. As long as the GOLD price stays bel...

30 Aug 22 (Tue)

03:16 am

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