Gold Fundamental Analysis

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Gold price movements on Asian session observed to be bullish after the price of this precious commodity opened higher at 1269.60 in early trading (0000 GMT), and right now the gold price is now rolling at 1270.85. The price of gold had strong resistant translucent.

 

Gold prices managed to penetrate the strong resistance on Asian session after the last American presidential debate, where the market is dubious both candidates. But hopes of Fed rate hike in December rose again after William Dudley stated Fed rate hike is not daunting for anyone and cut gold's strength. In the evening session there is a negative sentiment burdensome US dollars and it can be lifted back the price of gold.

 

Technically, the price of gold is falling towards the range between 1266.53 -1253.91, but if it is not up and breaks the range of gold's price can rise back towards 1272.89- 1280.46. So Analyst argued that the normal range XAUUSD pair today is expected to have the support level at 1247.06 and resistance level at 1285.19.

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Gold price movements on Asian session (06:00:35 GMT / 13.00) is sluggish after the price successfuly opened higher at 1265.90 in early trading (0000 GMT), the gold price is now rolling at 1263.45 which entering its first strong support.

 

Gold prices continue  to weaken thanks to the profi taking earier on Asian session trading and also by the increase US dollar after the disappointment of the market wiith ECB's stance. Today there is no strong driving force that sustains US dollar, so depending on the sentiment that dominates its main rivals. Attitude dovish ECB overnight to negative sentiment for his main rival.

 

Technically, Gold went steadily towards the range 1260.53 -1252.94, but if it is not up and penetrate these ranges are accompanied by positive sentiment, the price of gold can rise back towards 1268.40-1274.88. So it could be argued that the normal range XAUUSD is expected to have support level at 1245.87 and resistance level at 1279.88.

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The price movement of gold in the Asian session (05:50:35 GMT / 12:50 GMT) moves stronger than expecatation after the price opened higher at 1264.65 in early trading, the gold price is now rolling at 1267.65.

 

Gold prices in the end of Asian session had gained beyond the negative sentiment that suppress both the strengthening US dollar and the stock market. Gold is much sought-induced demand for physical gold China's rise and also curtailed the production of steel and copper by the Chinese government.

 

Technically, gold prices attempted to climb towards the strong resistance at 1275.35. But if it is not up to that resistance then gold price will fall down towards the range of 1261.90 - 1253.21. So the normal range for XAUUSD pair today is expected to have the support level at 1246.88 and resistance level at 1280.97.

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Gold price movements on Asian session (05:10:35 GMT / 12:10 GMT) experienced a strong movement after the price opened higher at 1273.30 in early trading (0000 GMT), the gold price is now rolling at 1275.40.

Amid weakening dollar, gold price rally that gets the previous trading sentiment of many demands physical gold or bullion. Demand increases are dominated by the Indian consumer is supported by Diwali festival. And at the evening session the dollar received a negative sentiment on new home sales that could raise the price of gold again.

Technically, gold prices attempted to climb towards the strong resistance and a break above the range of up to 1281.92. But if price cannot reach that range then gold prices will go down again towards 1271.50-1265.02. So the normal range XAUUSD pair today is expected to have the support level at 1250.94 and resistance level at 1291.95.

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Gold price movements on Asian session fall down after the price of this pair opened lower at 1267.00 in early Asia trading session (00:00 GMT), and is now rolling XAUUSD is at 1266.65.

 

Gold price pressured by the dollar despite strong fundamentals of Asian stock markets were red. Fed rate hike sentiment still dominates the dollar strength to suppress the price of gold, according to the evening session of the US dollar continued strong potential.

 

Technically XAUUSD is descend to the range of 1265.17-1259.61, but if it does not penetrate these ranges and the correction of prices would rise towards the range 1268.77- 1275.22. XAUUSD pair today is expected to have the support level at 1245.49 and resistance level at 1282.65.

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Gold price movements of the European session (06:50:35 GMT / 13:50 GMT) to move weaker after the price opened higher at 1277.65 in early trading (0000 GMT), the gold price is now rolling at 1275.25. This week the US central bank will conduct an important meeting for market participants as well as a strong signal to expectations of a rate hike by year end. This signal is automatically lifted the US dollar.

Technically, the gold price will fall towards the range betweeb 1273,30-1263.33 and a break below towards 1254.41. But if it is not broken, the price of gold will rise again towards 1280.42-1290.08. So analyst argued that the normal range XAUUSD pair today is expected to have the support level at 1246.98 and resistance level at 1300.49.

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Gold price movements on European session (07:00:35 GMT / 14:00 GMT) moves stronger against US Dollar after price opened lower at 1277.15 in early trading (0000 GMT), the gold price is now rolling at 1279.30.

Pressures on US dollars when entering the European session forex trading by some positive sentiment rivals made a strong gold price to resume the previous trading trend. The pressure comes from the sentiment FBI investigation against Hillary Clinton.

Technically, the gold price will rise towards the range of 1281,80-1285.33, but if there is a correction then it will fall towards the range of 1275.06-1272.94. The normal range for XAUUSD today is expected to have the support level at 1261.68 and resistance level at 1287.55.

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The price movement of gold in the European session (06:45:35 GMT) is still in a bullish position after the price opened lower in early Asia trading session at 1296.80 per ounce, and is now rolling XAUUSD riding on 1301.95.

 

The gold price is still high European session trade continued the rally two days earlier caused the safe haven trading sentiment post political conditions in the country for the United States presidential election to be held next week. But the rise in gold prices is limited by the signal of the Fed's rate hike in December.

 

Technically, XAUUSD are moving down to the range of support between 1295.78-1276.60, but if it does not penetrate the range would rise back towards the range 1307.09-1311.85. So the normal pair XAUUSD range on the day is expected to have support at 1268.60 and resistant level at 1321.66.

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he movement of gold prices in the European session (07:35:35 GMT) is still in a bullish position after this commodity's price opened lower at 1302.15 in early trading on Asian session, it observed that right now the price is rolling around 1298.71.

Gold prices are still depressed on European session on profit-taking after a rally the previous 3 consecutive days, and the pressure comes from the strength of the US dollar which seems to be rise and to greet the release of NFP which is expected to rise this evening.
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Technically, XAUUSD is moving down to the range between 1293.74-1282.84, but if it does not penetrate these ranges then the price will climb back towards the range between 1304.73-1315.44. It seems that the normal range of XAUUSD pair today is expected to have the support level at 1267.65 and resistance level at 1329.62.

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Gold price movements on European session seems to move weaker than previous position especially after the price opened lower at 1288.95 in early trading (0000 GMT), the gold price is now rolling at 1287.35.

 

Gold prices fell to the lowest level in four trading days after responding to the high dollar. US Dollar became stronger after the problems of personal email Clinton was cleared by the FBI. And until the evening session the strength of US economic data could depress the price of gold over again.

 

Technically, Gold will continue to fall towards 1281.86-1272.27 range, but if it is not transparent and there is a correction then it will go back up to the range of 1302.94-1310.74. So the normal range of XAUUSD pair today is expected to have the support level at 1283.84 and resistance level at 1320.17.

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Gold price movements on European session observed to move positively after the price of this pair opened higher at around 1275.75 in early trading (0000 GMT), now the price of gold is still rolling at 1298.05 which may rise higher.

 

European session gold prices are still in a strong position but a negative move as the start lifting the US dollar back little by little after the first speech of US President-date.

 

Technically, gold prices may rise towards 1304.25-1310.91 considering that Trump win the election thus bring some sentiment for US Dollar. So many analysts considering that the normal range for Gold commodity price range to have support level at 1245.66 and resistance level at 1338.17

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The price movement of gold on Asia session (03:00:35 GMT) is still in a bullish position after this commodity price opened lower at 1277.51 in early Asia trading (0000 GMT), and is XAUUSD now riding on at 1283.25.

Gold prices on Asian trading session managed to rally back by the weak US dollar trading outlook after the election of Donald Trum became the 45th president. Because the mission vision Trump or less in line with the planned policy the Fed to raise interest rates this year.

Technically XAUUSD is moving up to the range between 1290.27-1312.90, but if it does not penetrate these ranges this pair will fall back towards the range between 1275.22-1367.44. So the analyst suggests that the normal range XAUUSD pair today is expected to have the support level at 1256.79 and resistance level at 1320.17.

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Gold price movements on the Asian session (04:20:35 GMT / 11:20 GMT) after a strong move opened higher at 1259.05 in early trading (0000 GMT), now the price of gold is still rolling at 1260.75.

Gold prices tried to rebound on Asian session after earlier trading pressured the strengthening US dollar. American Stock Exchange today a holiday and make the movement of the US dollar decreased the lift gold back, and supported by a weaker Asian equity markets.

Technically, Gold's price rose steadily towards 1268.30-1275.35 range. But if it is failed then i think Gold will fall back towards the range 1248.25-1244.97. So the normal range XAUUSD pair today is expected to have the support level at 1240.61 and resistance level at 1287.05.

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Gold price movements on European session (06:30:35 GMT / 13:30 pm) moving strongly after it opened higher at 1227.75 in early trading (0000 GMT), now the price of gold is still rolling at 1226.50.

 

Gold prices managed to keep rebound on European session that formed since the Asian session by momentum weakening US dollar. The strength of the US dollar trimmed by profit taking that responds to daily driving solid catalyst main rivals. But the rate of gold prices is limited by the strengthening of the stock market and also the release of positive data on the American session.

 

Technically, gold prices continue to rise strive towards the range between 1232.82-1238.20 and a break-up to the weak resistance. But if it is failed then gold will fall back towards the pivot. So the normal range XAUUSD pair today is expected to have the support level at 1197.93 and resistance level at 1247.89.

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Gold price movements of the Asian session (01:35:35 GMT / 8:35 pm) is sluggish after opening lower at 1216.24 in early trading (0000 GMT), now the price of gold is still rolling at 1207.10 waiting for the next movement.

Gold prices on Asian session is difficult to rebound again after Janet Yellen's speech a few hours ago that made the US dollar is very strong fundamentals. And the whole day was minimal moving data stronger dollar but there are a few speeches Fed officials are expected hawkish.

Technically, gold prices will fell towards the range between 1203.94-1197.08 and may fall deeper if able to break that range at 1192.00. So It seems that this commodity price may expected to have the support level at 1191.68 and resistance level at 1333.05.

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Gold price movements on Asian session still strenghtehing against US Dollar after the price move higher at around 1206.27 in early trading (0000 GMT), now the price of gold is still rolling at 1212.26.

Gold prices rebounded strongly after the Asian session earlier this commodity fell down for around three consecutive days take a foothold on the weakening US dollar by profit taking after the market reached its highest level in 14 years.

Technically, gold prices attempted to climb towards the range between 1215.37-1220. But if it is failed then Gold itself will fall back towards the range 1203.56-1197.38. So XAUUSD pair today is expected to have the support level at 1191.33 and resistance level at 1225.15.

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The price movement of gold on Asian session (03:40:35 GMT) is still in a weak position after opening lower at 1187.37 in early trading Asia (0000 GMT), and is now riding on a rolling XAUUSD 1185.79.

The price of gold trading on Asian session again depressed by the strong expectations of Fed rate hike, which lifted the US dollar. Solid US economic data released last few days added to the belief that sentiment. Although the US exchange holiday but sentiment Fed rate hike is still a focus of global markets.

Technically XAUUSD will drop to the range of 1181.64-1177.37, but if it does not penetrate the range can go up to the range of 1191.04-1201.29. So the normal range XAUUSD pair today is expected to have the support level at 1160.44 and resistance level at 1230.75.

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Gold price movements on Asian session opened lower at 1183.45 but after that make a strong movement make the price to the higher price and now the price of Gold still rolling at 1177.70.

Gold prices consolidating on Asia session after a bearish signal by strong expectations of Fed rate hike in December, thus reinforcing the strength of US dollar itself which mastered the global forex markets. Furthermore the price of gold weighed down by the strong stock market indices in Asia.

Technically, the gold price will fall down towards 1169.64-1199.90. However a break of R1 it will rise again towards the range of 1220.05-1225.83. So the normal range XAUUSD pair today is expected to have the support level at 1167.26 and resistance level at 1199.01.

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Gold price movements on Asia session observed move in relatively stronger after the price opened lower at 1186.87 in early trading, now the price of gold is still rolling at 1191.90.

Gold on Asia session still showing a strong movement that considers the position of US dollar weakness as it continues against many of its main rivals. Besides Asian stock markets were in the red region, so the market is trying to brought the money into the gold market by buy it.

Generally it seems that Gold may continue to rise towards the range of 1201.88-1207.36 and a break will rise again above 1208. However XAUUSD pair today is expected to have the support level at 1159.98 and resistance level at 1208.28.

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Gold price movements on Asian session is strengthening after the price opened higher at 1188.57 in early trading, now the price of gold is still rolling at 1191.76. This morning the price had managed to penetrate the strong resistance range.

Gold prices rose back on Asian session after US Prelim GDP Q3-2016 data in earlier trading. The rise in gold prices this morning lifted by safe-haven trading as prudence market awaits the results of an OPEC meeting in Vienna-Austria which may affect the next trade. In the US session if the ADP data showed data that exceeded forecasts and could raise US dollars, the price of gold could fell back.

Generally, gold prices attempted to rally towards 1196.40-1201.88 and if there was a break at 1201.88 then it will keep rise steadily to around 1200 - 1205.70. So the normal range XAUUSD today is expected to have the support level at 1167.54 and resistance level at 1205.70.

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Gold price movements on Asian session is strengthening after the price opened higher at 1188.57 in early trading, now the price of gold is still rolling at 1191.76. This morning the price had managed to penetrate the strong resistance range.

Gold prices rose back on Asian session after US Prelim GDP Q3-2016 data in earlier trading. The rise in gold prices this morning lifted by safe-haven trading as prudence market awaits the results of an OPEC meeting in Vienna-Austria which may affect the next trade. In the US session if the ADP data showed data that exceeded forecasts and could raise US dollars, the price of gold could fell back.

Generally, gold prices attempted to rally towards 1196.40-1201.88 and if there was a break at 1201.88 then it will keep rise steadily to around 1200 - 1205.70. So the normal range XAUUSD today is expected to have the support level at 1167.54 and resistance level at 1205.70.

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Gold price movements on Asian session (02:45:35 GMT / 09:45 GMT) is stronger than expected after the price actually opened higher at 1173.64 in early trading, now the price of gold is still rolling at 1169.22.

Gold price on Asian session has not been able to rebound after two straight days of distress, even though the US dollar this morning was naturally profit-taking and a retreat from strengthening 3 trading days. Stock market sentiment green indicating a high risk asset trading after surging crude prices make the market take off safe-haven assets such as gold.

Technically, gold prices declined towards 1160.73-1154.26 range. But if it does not penetrate the price of gold can rise back towards the range 1179.52-1190.25. So the normal range for XAUUSD pair today is expected to have the support level at 1142.58 and resistance level at 1207.28.

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The price movement of gold on Asia session is still in a weak position after the price of this commodity opened lower at 1172.09 in early trading, and is now riding on the rate of 1174.24.

Gold prices on Asia trade are still based on the previous trading positive sentiment that made the US dollar fell quite badly. The rise in gold prices this morning also diupport by the collapse in Asian stock markets.

It seems that generally, Gold will drop to the range of support between 1169.81-1163.70 if the price increase is now not transparent range of 1180.32-1186.75. So the analyst suggests that the normal range for XAUUSD pair today is expected to have the support level at 1154.87 and resistance level at 1191.51.

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Gold price movements on Asia session after being opened weak move higher at 1179.47 in early trading, now the price of gold is still rolling at 1177.00. The price of the morning session had managed to penetrate the strong resistance range.

The price of gold in the end of the Asian session moving retreat after early trading rose by safe-haven sentiment post the results of the referendum in Italy that makes PM Matteo Renzi resigned.

In general it seems gold prices retreat towards 1166.94 and a break will go to a range of 1165.02-1161.91. But if it is not transparent in that range will continue to rise to the range 1183.93 - 1193.70. So the normal range on day XAUUSD is estimated to have the support level at 1156.60 and resistance level at 1187.62

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Gold price movements on the European session is getting weaker than before after being opened higher at 1170.52 in early trading , now the price of gold is still rolling at 1169.82. trying to break the strong support.

The price of gold on early European session retreat from the previous position early when the US dollar was still weak. But now the US dollar rebound was observed to respond to the US bond yields which were trading increased American session. The weakening gold prices was also fueled by strong Asian and European stock exchanges.

Technically, it seems that this commodity's price will fall back towards the range between 1167.59-1163.66. But if it is not transparent this pair can climb back to the range between 1176.03 - 1179.70. So analysts suggest that XAUUSD pair today is expected to have the support level at 1151.81 and resistance level at 1194.74.