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1223.22 -11.67 (-0.95%)
21:13:58 (GMT)
Bid 1222.62
Ask 1223.82
Open 1234.89
High 1239.31
Low 1221.23
 

Daily Technical Analysis

December Comex Gold futures closed higher on Tuesday after following through to the upside, following Monday’s potentially bullish closing price reversal bottom. Today’s Federal Reserve monetary policy announcement should move the market, following its release at 2:00 p.m. ET. A...
The gold markets tried to rally during the course of the day on Tuesday, but as you can see struggled at the $1240 level. This area was previous support, so now it has become resistance. With that in mind, we...
Short-covering and position squaring ahead of the U.S. Federal Reserve monetary policy announcement on Wednesday helped boost the AUD/USD on Tuesday. The rally started after a successful test of yesterday’s low at .8983 and the major Fibonacci level at .8982...
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Weekly Technical Analysis

The gold markets fell during the week, crashing through the $1240 level to show weakness going forward. The market still has significant support at the $1200 level, so it is hard for the longer-term trader to start selling now. Because...
The gold markets fell during the course of the week, but bounced off of the $1260 level. Because of that, there is a little bit of a positive tone to the market at the end of the week, but ultimately...
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Daily Fundamental Analysis

Analysis and Recommendations: Gold is flat ahead of the FOMC decision and press conference. Gold is trading at 1236.50 as traders are unsure of the attitude that the Fed will strike today. Gold inched up for a third straight session...
Analysis and Recommendations: Gold added $5.70 as traders position themselves ahead of Janet Yellen’s presentation tomorrow afternoon.  Gold prices rose on the European spot market Tuesday, ahead of the start of the US Federal Open Market Committee meeting and the...
Analysis and Recommendations: Gold added $4.10 to trade at 1235.60 ahead of the Federal Reserve meeting on Tuesday and Wednesday. Gold moved higher on Monday as equities tumbled but the metal continued to struggle near an eight-month low due to...
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Weekly Fundamental Analysis

December Comex Gold futures broke to its lowest level since...
December Comex Gold futures finished lower for the week, but...
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More Gold Report

 
There has been little movement in the currency and commodity markets today ahead of the U.S. Federal Reserve monetary policy statement at 2:00 p.m. ET. Today, the language in the U.S. Federal Reserve’s monetary policy statement should give investors a better idea as to the timing of...
Metal Markets ranging from precious to industrial metals gained on Tuesday. With traders focused on the Federal Reserve, new headlines came from all unexpected sources this week. The OECD reduced global growth on Tuesday, with G7 countries all seeing downgrades, with US growth being revised from 2.6%...
A bearish U.K. inflation report pressured the GBP/USD on Tuesday. The lower-than-expected number may mean the Bank of England will have to leave interest rates unchanged for longer-than expected. According to the U.K.’s Office for National Statistics, inflation fell to 1.5% in August from 1.6%. Traders had...