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1284.33 -12.6 (-0.97%)
10:06:42 (GMT)
Bid 1284.03
Ask 1284.63
Open 1296.93
High 1298.97
Low 1280.12
 

Daily Technical Analysis

The gold markets as you can see fell during the course of the day on Friday, as we continue to struggle with the $1300 level. We did up forming a shooting star for the week as well, so it appears...
February Comex Gold futures are trading lower and inside yesterday’s range. This indicates trader indecision, but a slight downside bias. The selling pressure is likely coming from profit-taking, following a prolonged move up in terms of price and time. Investors...
The gold markets as you can see went back and forth during the session on Thursday, falling all the way down to the $1280 level to find support. That bounce of course caused the market form a bit of a...
More Gold Daily Technical Analysis

Weekly Technical Analysis

Gold markets tried to rally during the course of the week, but as you can see the $1300 level offered a bit of resistance and ended up forming a shooting star in this market. With that being the case, we...
The gold markets broke higher during the course of the week, clearing the $1250 level as resistance. Because of this, we feel that the market should then head to the $1350 level given enough time, and we believe the gold...
More Gold Weekly Technical Analysis

Daily Fundamental Analysis

Analysis and Recommendations: Gold is trading at 1298.80 down just about $2 as the precious metal seems undisturbed by the ECB stimulus program showing very little actual movement since Mario Draghi’s press conference. The US dollar has soared to a...
Analysis and Recommendations: Gold gained almost 9 dollars today to trade at 1302.60 after the ECB launched its record setting stimulus program.  The ECB program will amount to over 1 trillion euros helping the Eurozone move away from deflation and...
Analysis and Recommendations: Gold added a few dollars but remained below the $1300 resistance point as traders look for safety ahead of three major events in the next few days. Tomorrow the ECB will introduce some sort of stimulus package...
More Gold Daily Forecasts

Weekly Fundamental Analysis

Weekly Analysis and Recommendations: Gold eased by $6.40 on Friday...
Weekly Analysis and Recommendations: Gold soared to a new 2015...
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More Gold Report

 
Gold prices continue to hold just under the $1300 resistance level. Gold broke above briefly last week but was unable to hold the price. This morning gold has added $1.50 to trade at 1295.10 while the US dollar continues to rally touching 95.52 up by 20 points...
March Crude Oil futures continued to trade flat to slightly better on Friday as it consolidated inside its eight day range of $44.78 to $51.73. The fundamentals were mixed these week, leading to the sideways trade. The U.S. Commodity Futures Trading Commission’s weekly Commitment of Traders report...
Gold had very little reaction to the stimulus program introduced on Thursday by the ECB.  Gold added $8 on the day to trade at 1301.80 but was trading a bit higher before the ECB announcement. A more accommodative monetary policy often leads to inflationary pressure and investors...