Forecasts & Analysis | Gold, Page

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

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

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.

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

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

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

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

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

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

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

 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

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

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

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

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.

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,

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

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

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

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