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1287.22 -2.71 (-0.21%)
20:58:53 (GMT)
Bid 1286.62
Ask 1287.82
Open 1289.93
High 1291.17
Low 1283.22
 

Daily Technical Analysis

The gold markets initially fell on Friday, but did find enough support below to form a little bit of a hammer. Nonetheless, we are still in the middle of a massive consolidation area, so we don’t really have a serious...
December Comex Gold futures extended to the upside on Thursday, but the weak close put the market back inside a major retracement zone. This is a sign of trader indecision. Since the market appears to be forming a support base...
Gold markets spiked during the day on Thursday, coming very close to the $1300 level. With that, it appears that the market found enough sellers above though to pushes market back down and form a shooting star. We don’t necessarily...
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Weekly Technical Analysis

The gold markets tried to rally most of the week, but as you can see the $1300 level offered a bit too much in the way of resistance. With that, we believe that the market continues to look soft the...
The gold markets fell during the course of the week, but found the $1280 level would be slightly supportive. The market looks like it’s trying to figure out how to go higher, but right now we simply don’t have enough...
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Daily Fundamental Analysis

Analysis and Recommendations: Gold reversed course in the European session to give back earlier gains and some of yesterday’s gains to trade at 1286.10 down by $4.30 as tensions in the Ukraine ease a bit. Russia’s intentions remain unclear. US...
Analysis and Recommendations: Gold added $6.70 as traders close out the month and also prepare for US GDP and eurozone inflation numbers. Traders are also taking position ahead of next week’s nonfarm payroll data which might give some indication to...
Analysis and Recommendations: Gold remains uneventful gaining $1.50 today to trade at 1286.70 but markets are seeing low volumes as there is not much conviction in the upward momentum as the geopolitical situations around the globe begin to ease from...
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Weekly Fundamental Analysis

December Gold futures finished the week lower. Selling pressure hit...
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More Gold Report

 
The EUR/USD is trading slightly better today, but is still likely to post a lower close for the week. Although the catalyst behind the current seven week sell-off in the Euro has been the fear of falling inflation, today’s numbers showed a slight improvement in consumer prices...
Gold remains just above the 1290 price with low volume and no conviction as tensions seem to ease in the Ukraine. No one knows or seems to understand the Russian objective but strong US data seemed to offset any worries after US GDP soared to 4.2% and...
December Comex Gold futures rose close to 1 percent on Thursday as tensions between Ukraine and Russia fueled speculative buying and triggered sell stops. Reports of fighting along the Ukraine-Russia border also helped to underpin the market. The news also triggered sell-offs in the U.S. and European...