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1221.26 7.77 (0.64%)
7:20:50 (GMT)
Bid 1220.96
Ask 1221.56
Open 1213.49
High 1223.09
Low 1213.36
 

Daily Technical Analysis

Gold markets broke higher during the course of the session on Friday, heading to the $1220 level. However, there was enough resistance there to turn things back around and form a shooting star, for the third a row. Nonetheless, if...
April Comex Gold futures finished higher, but well off its high on Thursday. The market broke after the dollar rallied. Gold traders turned into sellers after a pair of U.S. reports put the Fed back on course for a possible...
Gold markets tried to break out during the session on Thursday, testing the $1220 level. That being the case, the market ended up pulling back and forming a shooting star, and as a result it looks like the market is...
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Weekly Technical Analysis

Gold markets initially fell during the course of the week, but bounced as the $1200 level below offered enough support. With that being the case, the market looks as if there is plenty of support in that area, based upon...
The gold markets fell during the course of the week, testing the $1200 level for support. They did in fact find it there, because it is not only a large, round, psychologically significant number, but it is also congruent with...
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Daily Fundamental Analysis

Analysis and Recommendations: Gold eased over $4 in the European session to trade at 1205.80 ahead of US data releases due later today.  Gold is trading lower by 0.3 percent as upbeat U.S. data and comments from Federal Reserve officials...
Analysis and Recommendations: Gold rallied adding $16.50 as the US dollar eased on comments from Janet Yellen and more uncertainty hit the markets after the IMF refused the Greek reforms saying they was no substance. Gold is trading at 1218.00. ...
Analysis and Recommendations: Gold added just shy of $10 to trade at 1207.20 as traders continue to evaluate Janet Yellen’s comments on Tuesday as many thought she was overall dovish, but most analysts said she remained on course to increase...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendations: Gold reversed its losing ways to...
Weekly Analysis and Recommendations: Gold eased over $5 on Friday...
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More Gold Report

 
Traders have a lot to digest as the new month begins this morning. Over the weekend China continued to make headlines in the financial markets. On Saturday the Peoples Bank of China announced a surprise rate cut by 25bps. The next day, a factory gauge for February...
Outlook and Recommendation Gold  ended down for the month but moved off its lows after falling below the $1200 level mid-month to end at 1212.90. Both short- and long-term interest rates are expected to remain historically low. Many central banks around the world, including Canada, are easing...
Monthly Comex Gold futures posted an inside move in February with a lower close. This chart pattern indicates trader indecision and impending volatility although there is a bias to the downside because the main trend is down. February ended three months of higher closes. The rallies were...