Analysis of global GOLD trends Friday, June 25

Analysis of global GOLD trends Friday, June 25
Will the $ 1764 support hold its position?

The weekly ounce chart of the world gold is down and is in line with the support line at $ 1764. The XAUUSD daily chart also hit support at $ 1764 and rose. Although the $ 1764 support situation seems fragile, in order to break this support, the daily chart of the global gold ounce must be closed below this key support. Otherwise, if buyers defend this support, the price of an ounce of global gold will rise to the resistance of $ 1855.

In the four-hour ounce chart of global gold, the market is close to the support of $ 1764. If this support works, the first market resistance will be the key level of $ 1808. Otherwise, with the failure of the weekly support of $ 1764, one should expect gold to fall to the support of $ 1724.

Global Gold Analysis Friday, May 14

Global Gold Analysis Friday, May 14

After forming a price floor in the range of $ 1,809 yesterday, the price of an ounce of global gold reached the resistance level of $ 1,820.

April US retail sales are expected to increase by about 1%. This rate was reported in March at 9.7%. If this happens, the price of gold could experience an upward trend.

The price of gold is moving towards the 200-day moving average indicator in the range of $ 1,847. To achieve this, a high price resistance level of $ 1,840 is required.
On the other hand, if the price penetrates below yesterday's price floor of $ 1,809, one can expect a fall to the intersection of the 21-day and 100-day moving average indicators at $ 1,795. This level is a strong support and is expected to prevent further fall in gold prices.

Weekly analysis of global gold news and ounce prices Sunday, April 25

Weekly analysis of global gold news and ounce prices Sunday, April 25

The price of an ounce of world gold started a downward trend yesterday after hitting the price ceiling of $ 1,795, with a fall of 0.3 to the level of $ 1,778.

The most important reason for this decline is the 2% increase in the yield on US Treasury bonds to 1.567%.

Private-sector economic activity in the United States rose significantly in April from a month earlier, according to figures released by IHS Markit. However, part of the report noted that producers were concerned about Inflation is raising prices.

New home sales in the United States rose about 20.7% in March. Analysts, meanwhile, forecast growth of 12.8 percent.
Currently, the US dollar index is on a downward trend in the range of 91 units, and this could prevent further fall in gold prices.

Technical levels

Last price of the day: $ 1781.61
Daytime fluctuations: 2.51-
Daytime fluctuations (٪): 0.14-
Starting price: $ 1784.12

Trends

20-day moving average: $ 1744.16
50-day moving average: $ 1748.33
100-day moving average: $ 1804.1
200-day moving average: $ 1857.18

Levels

Yesterday's highest price: $ 1797.93
Lowest price yesterday: $ 1777.48
Last week's highest price: $ 1783.85
Last week's lowest price: $ 1723.8
Last month's highest price: $ 1759.98
Last month's lowest price: $ 1676.87
Fibonacci 38.2. Daily: $ 1785.29
Fibonacci 61.8. Daily: $ 1790.12

Pivot S1 Daily: $ 1775.09
Pivot S2 Daily: $ 1766.06
Pivot S3 Daily: $ 1754.64
Pivot R1 Daily: $ 1795.54
Pivot R2 Daily: $ 1806.96
Pivot R3 Daily: $ 1815.99