Forecasts & Analysis | Gold, Page

This is despite the “correction” in the stock market, which made a slight dent in the middle of the range but created no lasting damage, or resultant rise, or fall, of note.The tussle between buyers and sellers is becoming a stalemate. There are signs that all this may be about

Speculators may be looking for additional downside action near term.Key Test of Support Developing in Gold TodayGold has come under pressure since the middle of last week and is now testing vital support ratios near the 1330.00 U.S Dollars per ounce level. The precious metal has stumbled as the Dollar

GoldThe gold market witnessed a lot of price action in the past week because of the geopolitical concerns involving countries like the United States, China and Syria. The market on Friday cooled a bit down as gold prices reached down towards the $1330 level which is one of its support

Gold futures hit their lowest level since April 9 early Monday as investors continued to dump the dollar-denominated asset in reaction to a stronger dollar, rising U.S. interest rates and expectations for further rate hikes later this year.At 0808, June Comex Gold futures are trading $1333.30, down $5.00 or -0.38%.The

The Yen, Euro, and Pound remain within their weaker boundaries versus the U.S Dollar. EUR/USD: Euro Hit by Lackluster Inflation ResultsThe Euro is trading beneath the 1.23 level after weakening versus the U.S Dollar. Inflation data from the European Union remains muted, and Germany has been turning in rather disappointing economic

Gold futures tumbled last week, driven lower by a combination of an easing of geopolitical tensions, increased demand for risky assets and rising U.S. interest rates. These factors along with a stronger U.S. Dollar are likely to keep the pressure on the dollar-denominated asset.June Comex Gold futures settled the week

Gold prices finished the week lower as the dollar advanced to a two-week high on expectations of higher interest rates and as geopolitical tensions eased over North Korea, Syria and the potential trade war between China and the United States.June Comex Gold futures settled at $1338.30, down $9.60 or -0.71%.The

Gold markets initially tried to break above the $1350 level during the week but turned around to form a bit of a shooting star. I think that the market is in a massive uptrend channel, or perhaps even an ascending triangle. Either way, the market should continue to go higher,

Gold markets get to be interesting over the next several weeks, because we have a lot of geopolitical concerns of their that could move them. We have the concerns about the United States and China perhaps going into some type of trade war, an escalation of the shooting war in

Gold prices moved lower sliding through support near the 10-day moving average which is now seen as resistance near 1,343.  Support is seen near an upward sloping trend line near 1,331. Prices remain rangebound and prices are trading sideways. Momentum has turned negative as the MACD (moving average convergence divergence)

GoldThe gold prices came down slightly lower during the Thursday’s session reaching $1355 level. Overall the momentum of the market remains bullish and is likely to continue moving higher. Once it breaks above the $1360 level then it is likely to move towards the $1400 level. Pullbacks offer a great

Gold prices edged lower on Thursday, ending four days of successive gains, in response to rising U.S. Treasury yields, a firmer U.S. Dollar and the easing of geopolitical tensions.June Comex Gold futures settled at $1348.80, down $4.70 or -0.35%.Gold fell in response to rising Treasury yields because the precious metal

The gold markets have been very choppy over the last several sessions, and an overall upward momentum-based trade. I think that if we can break above the $1355 level, the market will go looking towards the $1360 level, and then perhaps breaking above there to go even higher. Gold market

Gold prices continued to trade sideways, as U.S. yields gained traction on Thursday buoyed the greenback and paving the way for lower gold prices. Prices have been trading in a tight range for nearly all of 2018, with support seen near the 10-day moving average at 1,345, and resistance seen

GoldThe gold prices broke out above the $1350 level during the Wednesday’s session but later in the day pulled back slightly to find support underneath around the level. Given enough time this market will continue to move higher with initial resistance at the $1360 level. Pullbacks will offer a good

Gold futures hit a one-week high on Wednesday, helped by technical buying and some safe-haven demand despite a stronger U.S. Dollar and increased demand for higher risk assets. Prices were also supported by general strength in the commodities market, helped by a surge in crude oil prices and key industrial

Gold markets broke out above the $1350 level during the session on Wednesday, an area that has been significantly resistive in the past. We pull back from there to find support again, and I think that the market should continue to see a lot of noise in this general vicinity.

Gold prices moved higher but remain range bound as the dollar was strong capping upside movements in the yellow metal. Silver prices broke out but gold could not following the path of its less expensive precious metal.TechnicalsGold prices moved higher on Wednesday bouncing at support near the 10-day moving average

Gold prices are surging on Wednesday after erasing earlier losses. The market is now at its high for the week and threatening to take out Thursday’s high at $1356.70. Buyers came into the gold market after a U.S. Dollar rally failed and the market turned lower for the session.At 1222

Gold is rejecting POC zone, and soon we might see a trend line break (blue dotted line) that could be a sign of a trend continuation. 1335-40 is the POC zone, and the trend line break is expected if the price closes above 1348. The first target is 1354.47 and