Forecasts & Analysis | Gold, Page 1
Gold Price Futures (GC) Technical Analysis – Momentum Shifts to Upside on Trade Through $1564.20
Based on Friday’s price action and the close at $1560.30, the direction of the February Comex gold futures contract on Monday is likely to be determined by trader reaction to the minor top at $1564.20.
Gold Price Forecast – Expect $1700+ After a Brief Pause
After rallying more than $165 since November, gold is taking a well-deserved breather. A brief pause, then gold should continue to fresh highs and $1700 by March.
Gold Price Forecast – Gold Markets Rally To End Week
Gold markets rallied slightly during the trading session on Friday to in the week, showing signs of resiliency yet again. It looks as if we are very comfortable with the bullish uptrend.
GOLD Weekly Price Forecast – Gold Pulls Back But Find Buyers
The gold fell a bit during the week, but then turned around to show signs of life again. We are above the $1550 level, but also have a shooting star above.
Price of Gold Fundamental Daily Forecast – Traders Betting on Stock Market Decline
The price action suggests that gold traders are betting once again on a steep break in the stock market. They believe stocks are overpriced and setting up for a huge decline.
Gold Daily News: Thursday, January 16
Gold futures gained 0.6% on Wednesday, January 15 as it continued to rebound off Tuesday’s local low of $1,536.40. The price has got closer to the recent highs. Overall, it has been trading within a week-long $1,540-1,560 consolidation following January 8 run-up above $1,600 mark that ended with a sharp
Gold Price Forecast – Gold Markets Pulled Back Slightly
The gold markets pulled back slightly during the trading session on Thursday, as we continue to chop back and forth. One thing that should be noticed though is that we have formed a couple of hammers on the way down.
Platinum Breaks $1000 On Big Rally And What Is Next
Certain precious metals, Gold, Silver, and Platinum, have shown moderate upside price trending over the past 20+ months while Rhodium and Palladium have skyrocketed higher. These more precious metals, Rhodium and Palladium, have many industrial and consumer uses. Rhodium is used in electronics and plating and Palladium is