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1196.18 -5.14 (-0.43%)
8:11:53 (GMT)
Bid 1195.88
Ask 1196.48
Open 1201.32
High 1203.51
Low 1195.53
 

Daily Technical Analysis

December Comex Gold futures spiked higher on Friday, helping the market close higher for the week. Hedge funds bought gold despite the stronger U.S. Dollar which is a sign that other fundamental factors are driving the market higher at least...
The gold markets went back and forth during the course of the day on Friday, showing that there is so quite a bit of confusion in this market. That being the case, we feel that the market should continue to...
December Comex Gold futures posted an inside day on Thursday and a lower close, however, the finish was strong enough to put the market in a position to continue to challenge the major retracement zone that stopped the rally earlier...
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Weekly Technical Analysis

The gold markets broke a little higher during the course of the week as we continue to try to build a little bit of a base. The $1200 level above is resistive, and we think that there is plenty of...
The gold markets as you can see initially fell during the course of the week, but found enough support at the $1150 level to turn things back around and form a hammer. This is the second hammer in a row...
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Daily Fundamental Analysis

Analysis and Recommendations: Gold is trading at 1195.00 up by $4.10 holding gains even after the US dollar surged. China’s one-year deposit rate was lowered by 0.25 percentage point to 2.75 percent, while the one-year lending rate was reduced by...
Analysis and Recommendations: Gold is trading at 1194.40 flat for the day as traders review a slew of data from China and the eurozone. Gold will sit still until US data due later in the session but it is not...
Analysis and Recommendations: Gold added $3 to trade at 1200.10 ahead of the FOMC minutes due in the late day in the US.  Gold climbed to a two-week high topping $1,200 an ounce after Russia added to reserves, fueling speculation...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendations: Gold soared in the North American...
Weekly Analysis and Recommendations: Silver soared on Friday adding 659...
Weekly Analysis and Recommendations: Gold closed the week after soaring...
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More Gold Report

 
The EUR/USD plunged on Friday in the wake of bearish comments from European Central Bank President Mario Draghi. He triggered a sell-off when he said at a banking conference, “we will continue to meet our responsibility – we will do what we must to raise inflation and...
Gold remains under the $1200 price as traders remain bearish and continue to believe that prices will fall to the 1100 price level as predicted by leading brokers, Goldman Sachs and JPMorgan.  In the morning session gold added $2.50 to trade at 1193.40. Renewed physical buying interest...
The gold markets fell at the open on Thursday, but as you can see bounced around and essentially looks like it’s ready to be stuck in this general vicinity for the short-term. Ultimately, we feel that this market probably breaks down anyway, but recognize that we don’t...