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1174.21 -25.49 (-2.12%)
11:18:57 (GMT)
Bid 1173.91
Ask 1174.51
Open 1199.70
High 1202.57
Low 1167.55
 

Daily Technical Analysis

The gold markets as you can see gapped lower at the open on Thursday, and then continue to go even lower. We tested the $1200 level during the session, and as a result it looks like the markets ready to...
December Comex Gold futures traders reacted the way they should to yesterday’s slightly hawkish U.S. Federal Open Market Committee announcement by selling the precious metal. Fed policymakers implied in their latest statement that the central bank was moving toward a...
The gold markets as you can see had a slightly negative session on Wednesday, but remains above the $1220 level. That area is a massively supportive area and we believe that it will be an inflection point as to where...
More Gold Daily Technical Analysis

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...
More Gold Weekly Technical Analysis

Daily Fundamental Analysis

Analysis and Recommendations: Gold fell over $20 at one point today and is holding down $18.80 at 1206.10 as Goldman Sach’s reasserted their outlook for prices to fall to 1180.00. The dollar surged to a three-week high, bond yields rose...
Analysis and Recommendations: Gold eased by $2.90 to trade at 1226.50 ahead of the FOMC decision due shortly but on the whole traders believe the Fed’s will stay the course and that they will show they are in no hurry...
Analysis and Recommendations: Gold remains in the red with little direction ahead of the US Fed meeting starting later today. Gold is down $1 at 1228.20 but moving between small gains and losses. Despite the sharp recovery in the stock...
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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

 
Precious metals got the biggest hit from the FOMC statement along with the surge in US GDP. Silver seemed to get whammed harder than gold, falling 4% on Thursday and continued to fall during the Asian session on Friday. Silver is down 77 points at 16.343 plummeting...
December Crude Oil futures are trading lower today after the market failed to follow-through to the upside, following yesterday’s higher close. Yesterday, the U.S. Energy Information Administration reported in its weekly petroleum status report that U.S. commercial crude inventories increased by 2.1 million barrels last week, maintaining...
The Euro, British Pound and gold are trading flat ahead of today’s Federal Open Market Committee announcement at 2:00 pm EDT. Many of the major players are on the sidelines not because of what the Fed may do, but because of what it may say. All traders...
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