Forecasts & Analysis | Gold, Page

  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets fail at major resistance

    Gold markets broke down during the week, slicing through the $1250 level again after initially starting the week above it. I do think there is support underneath though, as we have a massive uptrend line. Pay attention to the US dollar, because if it rallies it could continue to put

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets pulled back on Friday

    Gold markets pulled back a bit during the trading session on Friday, giving back the gains from above $1250 that were found last week. I think at this point, the 50 day EMA could cause a bit of support, and if we turn around to break above the $1250 level

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Edges Lower as Dollar Rallies

    Gold prices moved lower on Friday as the dollar gained traction against the Euro. Stronger than expected US retail sales combined with a weaker than expected flash PMI reading in the EU lead to the headwinds experienced by gold.Technical AnalysisGold prices continue to trade sideways but moved lower on Friday.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Pressured as Dollar Surges to New High for Year

    Gold futures are trading sharply lower on Friday shortly ahead of the regular session opening. This puts the precious metal on track to post its biggest weekly decline in five weeks. The catalyst behind the selling pressure is the stronger U.S. Dollar. The price action also suggests investors are paring

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Downside Momentum Could Drive Market into 50% Level at $1236.70

    Gold futures are under pressure for a fourth session out of five as investors position themselves ahead of next week’s widely expected U.S. Federal Reserve interest rate hike. Sellers are also responding to a firm U.S. Dollar and an easing of tensions over U.S.-China trade relations. The market is also

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 14, 2018

    GoldThe gold prices initially pulled back slightly during the Thursday’s session only to find enough bullish pressure to turn around and continue moving higher. The gold prices need to break above the $1260 level in the short term, in order to maintain the bullish sentiment and which will eventually send

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  • Colin First
    Colin First

    Precious Metals Decline As US Greenback Gained Strength Ahead of FOMC Update

    Gold prices were steady on Friday supported by the uncertainty around the Federal Reserve’s policy outlook for next year but the metal was on track to mark its biggest weekly decline in five weeks, as a firmer dollar weighed on the sentiment. While the yellow metal has lost its bullish

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Trades Sideways as Declining Claims Offset Dropping Import Prices

    Gold prices edged lower on Thursday as import prices moved lower and jobless claims tumbled. The dollar was also mixed making it difficult to get a gauge on gold prices. As trade discussing with China continuing to improve the risk off trade which helped buoy gold prices is abating.Technical AnalysisGold

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to press major area

    Gold markets pulled back a little bit looking for support. We did find support on Thursday, and then turned around to show signs of bullish pressure. At this point, I think we need to clear the $1260 level II open up to a move to the upside, to the $1275

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – May See Further Consolidation Ahead of New Week’s Fed Meeting

    Gold futures are edging lower on Thursday with the market trading inside the previous day’s range for a second session, suggesting investor indecision and impending volatility. Since hitting a five-month high on Monday, the market has drifted sideways to lower primarily due to increased demand for higher risk assets and

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Edges Higher Following US CPI Reports

     Gold prices edged higher following the Labor Departments report on consumer prices.  Gold prices broke out above resistance on Friday following a softer than expected employment report but has since ease and forming a bull flag continuation pattern.Technical Analysis Gold prices edged higher on Wednesday, but appears to be forming a

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to meander around major level

    Gold markets continue to show a bit of resiliency, as we have seen the $1250 level offer a bit of support as well as resistance. The 50 day EMA is starting to turn to the upside, so I think it’s only a matter of time before we go higher, mainly

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Gold Could Get Crushed if Dollar Index Breaks Out Above 97.53

    Gold futures are trading higher shortly before the regular session opening on Wednesday, but remain below the 5-month high reached just two days ago. Traders are reacting to a slightly weaker U.S. Dollar. The market is also trading inside yesterday’s range which suggests investor indecision and impending volatility.Although the main

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  • Lukman Otunuga
    Lukman Otunuga

    Yuan Firms on Renewed Trade Talk Hopes: Gold Wobbles

    Open your FXTM account todayA sense of stability returned to financial markets on Tuesday as investors swept aside geopolitical risk factors to focus on progress in trade talks between the two largest economies in the world.The overall market mood received a boost following reports of top US and Chinese officials

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 12, 2018

    GoldThe gold prices initially rallied during yesterday’s session but turned around to show signs of exhaustion, breaking down below the $1250 level. The 50 Day EMA line underneath should offer strong support to the market. Alternatively, if the market breaks higher, then it could easily reach towards the $1275 level.

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Slips Forming Bull Flag Pattern

    Gold prices eased on Tuesday following the Labor Departments report on wholesale prices.  Gold prices broke out above resistance on Friday following a softer than expected employment report but has since ease and forming a bull flag continuation pattern.Technical AnalysisGold prices eased for a second consecutive trading session on Tuesday,

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to struggle to break out

    Gold markets initially tried to go to the upside during trading on Tuesday, but we have turned around to show signs of exhaustion, breaking down to the $1250 level. Overall, I think at this point it’s likely that we will probably pull back, but I think the 50 day EMA

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – U.S. Producer Inflation Data Will Influence Price Action

    Gold futures are trading higher on Tuesday in reaction to a weaker U.S. Dollar. Yesterday, the market posted a dramatic closing price reversal top. However, there was no follow-through to the downside so the chart pattern has not been confirmed. Taking out yesterday’s high will negate the chart pattern.A trade

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 11, 2018

    GoldThe gold market pulled back slightly during Monday’s session, testing the $1250 level underneath, which now has turned supportive. At this point, pullbacks will continue to be a nice buying opportunity in the market and over a long period, it can reach towards the $1400 level. …Read MoreSilverThe silver market

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  • David Becker
    David Becker

    Gold Consolidates as JOLTs Report Offsets Brexit Confusion

    Gold prices edged lower on Monday as mixed signals helped the yellow metal consolidate.  Fear initially hit the markets as Prime Minister Terresa May told parliament that she did not have the votes to move forward with Brexit and that she needed permission to extend the vote to tomorrow. This

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