Forecasts & Analysis | Gold, Page

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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

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

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

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