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1231.01 -0.15 (-0.01%)
20:58:53 (GMT)
Bid 1230.41
Ask 1231.61
Open 1231.16
High 1234.01
Low 1228.61
 

Daily Technical Analysis

Gold markets did very little during the session on Friday as we continue to meander around the $1230 level. With that, it’s likely that the markets are simply taking a break after initially falling from the $1250 level. The weekly...
December Comex Gold futures traded lower for a second day, making $1255.60 a new main top. The new main range is $1183.30 to $1255.60. The retracement zone created by this range at $1219.40 to $1211.00 is the primary downside target...
The gold markets fell during the session here on Thursday, as the market gapped lower initially. We fell all the way down to the $1230 region, and as a result we think that we are going to continue to fall...
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Weekly Technical Analysis

The gold markets tried to rally during the course of the week, but as you can see the $1250 level offered enough resistance to turn the market back around, and formed a shooting star. The shooting star is a very...
The gold markets rose during the course of the week, but found the $1250 level to be resistive enough to keep the market down. The resulting candle is a bit of a shooting star, and we feel that the sellers...
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Daily Fundamental Analysis

Analysis and Recommendations: Gold added $2.70 to trade at 1231.80 as the metal moved between losses and gains as traders pondered the global economic situation with inflation remaining low. Traders are focused on the upcoming Federal Reserve meeting. Gold dipped...
Analysis and Recommendations: Gold fell $5.80 to trade at 1239.70 as the US dollar gained momentum after US inflation data printed on a positive note on Wednesday.  Over the period, prices of gold – the most popular security asset in...
Analysis and Recommendations: Gold eased by $4.30 to trade at 1247.70 as traders are unsure about what the next steps are. The US dollar gained momentum weakening the demand for gold and secure assets.  Gold was trading near its highest...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendations: Gold closed the week in the...
Weekly Analysis and Recommendations: Gold soared to 1250 this week...
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More Gold Report

 
December Comex Gold is seeing limited action on Friday, but trading slightly higher. The market is set to finish the week sharply lower after reaching a major 50% retracement level earlier in the week at $1255.60. The current chart formation suggests the market may return to at...
Gold touched its lowest point in weeks on Thursday to close as $1231 adding $1.20 in the Asian session as traders bought up the cheap commodity. Wall Street jumped this week as better-than-expected third quarter profit reports have combined with reassuring data on the US economy. Companies...
The GBP/USD declined for a third day after a report showing retail sales fell more in September than traders forecast. The led to increased concerns the economy was faltering. According to the Office for National Statistics, U.K. retail sales decreased 0.3 percent from August. Traders and analysts...