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1210.69 -5.12 (-0.42%)
17:24:00 (GMT)
Bid 1210.39
Ask 1210.99
Open 1215.81
High 1219.95
Low 1204.34
 

Daily Technical Analysis

The gold markets as you can see went back and forth during the day on Monday, essentially doing nothing. The markets have been hanging about the $1215 level for some time now, and as a result we feel that the...
December Comex Gold futures posted an inside move on Monday, suggesting trader indecision. The market also straddled a short-term pivot level, but closed below it, giving the market a bias to the downside. The short-term range is $1237.00 to $1206.60...
This is a critical week for December Comex Gold futures because there are signs the market may be bottoming. They are only minor signs but nonetheless should be noted because there is a lot of room to the upside should...
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Weekly Technical Analysis

The gold markets tried to rally during the course of the week, but as you can see fell down almost immediately. The resulting candle is a shooting star, which of course is very negative looking at the bottom of a...
December Comex Gold futures finished lower for the week, but at times looked as if bottoming action was taking place. It seemed that short-sellers were looking for any excuse to book profits, following the prolonged move in price and time...
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Daily Fundamental Analysis

Analysis and Recommendations: Gold gave up $2.40 as market stress reduced as protests continued in Hong Kong but the Chinese government took no direct action which has alleviated global worries that the government would step in to quell the protests...
Analysis and Recommendations: Gold climbed over $8.00 today to trade at 1223.70 after President Obama’s comments in regards to the strength of ISIS stressed traders as a global coalition beings its assault on the terrorist organization.  Data due later today...
Analysis and Recommendations: Gold is flat today at 1.222.20 climbing on safe haven trades after the US led coalition bombed ISIS troops in Syria. Political turmoil and military conflict in certain global hotspots has typically sent gold prices soaring. There’s...
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Weekly Fundamental Analysis

December Comex Gold futures finished lower last week. The market...
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More Gold Report

 
The EUR/USD plunged to its lowest level since September 2012 after a report showed Euro Zone inflation slowed further in September on falling prices of unprocessed food and energy, according to the first estimate on Tuesday. Following the release of the news, traders sold the Euro in...
Traders can expect gold and silver prices to trade lower as investors interest in the commodity seems to be on the decline as seen in the SPDR gold trust holdings. Besides, strength in the dollar index will also exert downside pressure. Gold is trading at 1218.60 while...
Today is a light news day and the trading action in the foreign currency and commodity markets are reflecting this with limited movement. Volume may also be down because of the European Central Bank meeting on Thursday and the release of the September U.S. Non-Farm Payrolls report...