Forecasts & Analysis | Gold, Page

  • David Becker
    David Becker

    Gold Price Prediction – Gold Consolidates After Dropping to New Range

    Gold prices consolidated after rebounded late on Thursday, as the dollar gave up some of its gains at the tail end of the week.  Stronger than expected Eurozone PMI data helped the euro gain ground paving the way for higher gold prices. Canadian CPI grew in line with expectations, notching

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  • Colin First
    Colin First

    Commodities Daily Forecast – June 22, 2018

    GoldThe gold prices continue to trade weak reaching towards the $1260 level in yesterday’s session. It is likely that the market will likely to test the $1250 level underneath before resuming its upward movements. Strong US Dollar will continue to keep the gold prices under pressure and a break above

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – June 22, 2018 Forecast

    August Comex Gold futures are trading slightly better on Friday. There was a slight follow-through to the upside earlier in the session.Traders are reacting to a weaker U.S. Dollar and lower Treasury yields. For the first time in several weeks, gold traders were also showing some reaction to geopolitical concerns

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  • Anil Panchal
    Anil Panchal

    Technical Overview of Gold, Silver & WTI Crude Oil: 22.06.2018

    GOLDGold’s U-turn from $1261-60 horizontal-support can’t be termed as a sign of its reversal unless it clears the support-turned-resistance, at $1274, on a daily closing basis. Should the yellow metal manages to surpass $1274, the $1284 and the $1288 are likely intermediate halts that it can avail ahead of targeting

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Investors Finally Showing Some Reaction to Geopolitical Events

    Gold futures are actually showing signs of life after hitting their lowest level since December 13 on Thursday. The price action actually suggests the first real reaction to geopolitical tensions in weeks.Helping to trigger the short-covering rally in gold was the massive sell-off in the U.S. Dollar, which tumbled from

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to show weakness on Thursday

    Gold markets continue to look soft, as demand for US dollars seems to be increasing. I think that the $1275 level has been important in the past, so now that we have broken down below there, I think that the market could open up towards the $1250 level. That doesn’t

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Rebounds as Fast Stochastic Generates Buy Signal

    Gold prices rebounded from session lows closing up slightly on the session, after hitting a fresh 6-month low. The risk of a global trade war helped buoy gold prices. Target support on the yellow metal is seen near the December 2017 lows at 1,236. Resistance is seen near the 10-day

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  • Colin First
    Colin First

    Commodities Daily Forecast – June 21, 2018

    GoldThe gold prices were mostly stable during the Wednesday’s session hovering around the $1275 level. The market has fallen hard in the last couple of session and is likely to continue weak until it gains significant momentum to continue higher. The $1285 and $1290 level continues to offer strong resistance

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Demand for Risk, Strong Dollar, Rising Yields Pressuring Gold

    Gold is under pressure early Thursday with the selling led by increased demand for higher risk assets, a rise in U.S. Treasury yields and a stronger U.S. Dollar.At 0612 GMT, August Comex Gold futures are trading $1265.00, down $9.50 or -0.75%. If the downside momentum continues, we could see a

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – sideways action for Wednesday session

    Gold markets have gone sideways in general, dancing around the $1275 level. That’s an area that of course is important, based upon previous action. We had recently have broken down below a trend line, so that of course was a negative sign, but at the end of the day it

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Continues to Drop Poised to Test Lower Levels

    Gold prices continued to move lower as the dollar gains traction and risk aversion abates. The U.S. current account widened much to the dismay of the White House allowing the dollar to grind higher paving the way for lower gold prices. The stronger than expected mortgage index also buoyed the

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – June 20, 2018 Forecast

    August Comex gold prices are edging lower on Wednesday, hitting a six-month low earlier in the session. Given the recent geopolitical turmoil, and gold’s response to the news, it appears that gold has lost its appeal as a safe haven asset. Gains are being capped today by a firmer U.S.

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  • Nenad Kerkez
    Nenad Kerkez

    GOLD Regular Bullish Divergence at W L3 Support

    The Gold has made a big drop towards the W L3 level where it found a support. However the MACD is showing a regular divergence at the bottom. We can also see a descending trend line that marks a potential bullish breakout. The divergence will become valid if the Gold

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Has Lost Its Luster as Safe-Haven Asset

    Gold futures hit a six-month low on Tuesday. The catalysts were a stronger U.S. Dollar and the failure to hold key technical levels. The escalating trade tension between the U.S. and China drove investors into the safety of the U.S. Dollar. This weakened demand for dollar-denominated gold.The close below a

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets fall again on Tuesday

    The strengthening US dollar in the Forex market certainly has played a certain amount of part two the selloff in gold, as it takes less of those US dollars to buy gold. By breaking through the $1275 level, we have seen significant support broken through, but as I record this

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – June 19, 2018 Forecast

    Gold futures are trading lower on Tuesday as safe-haven buyers once again failed to react as expected to stock market volatility. One would think that gold would be higher given the soft stock market and lower Treasury yields, however, the stronger U.S. Dollar appears to be putting pressure on the

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Drops as Momentum Turns Negative

    Gold prices are trading under pressure after breaking through trend line support.  Momentum has turned negative and will likely weigh on prices as it targets the 2018 lows. A strong dollar and continued trade spat threats is generating demand for U.S. dollars, which is countering, and safe-haven bid gold might

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  • Colin First
    Colin First

    Commodities Daily Forecast – June 19, 2018

    GoldThe gold prices moved back and forth during the Monday’s session as traders trying to mark their entry after the weekend and also after the huge fall. The $1275 level underneath continues to offer strong support and break below will be extremely negative and could send the prices towards the

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – sideways action on Monday

    Gold is in a bit of a runt during the session on Monday, as traders try to figure out what the next move is between the United States and China. Beyond that, we have a lot of bullish pressure on the US dollar which of course drags on the value

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Buyers Showing Tentative Reaction to Potentially Bullish Trade War News

    Gold futures finished slightly better on Monday on mostly technical factors after Friday’s steep sell-off. However, gains were limited by a stronger U.S. Dollar. Oversold technical indicators encouraged some speculative buying and bargain-hunting with some buyers continuing to bet on an escalation of the trade war between the U.S. and

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