Forecasts & Analysis | Gold, Page

Demand for risky assets will also influence gold prices. U.S. equity indexes are starting to turn positive in the wake of stronger earnings data from Coca-Cola and United Technologies. A surge to the upside in equities could drive gold prices lower as it approaches a key technical zone at $1272.70

Elsewhere, Bitcoin marched to a fresh 2019 high above $5600 during the Asia trading session on Tuesday morning.

The ES and NQ are very close to breaking out to new all-time highs this week and possibly over the next few weeks. The NQ is very close to these new high levels already. Traders must not take this move for granted as increased volatility and a very

Let’s cut to the chase as the energy complex has been the markets singular focus overnight and given oil prices far-reaching influence across global markets, so we might best be served to start with the meat and potatoes this morning.

Based on the early price action, the direction of the June Comex gold futures contract on Tuesday is likely to be determined by trader reaction to the pivot at $1277.50.

WTI Oil and Brent crude both soared to fresh 2019 highs on Monday following reports that the United States will soon end waivers granted to countries importing Oil from Iran.

Gold slips despite weak US housing data

Gold markets initially tried to rally during the day on Monday but then found quite a bit of resistance above. That being the case, the market looks very likely to continue to show selling pressure above. However, we have a lot of technical support underneath so there’s a lot of

The key upside level to watch is $1285.50. Sellers are likely to come in on the first test of this level. However, prices could begin accelerating to the upside if buyers take out this level with conviction. That means a combination of short-covering and strong speculative buying.

We know many of you follow our research posts and have been waiting for the Gold/Silver setup we predicted would happen near April 21~24, 2019 back in January 2019. Well, it looks like our predictions were accurate and the current downward price rotation in Gold/Silver are the opportunities of

Given the plethora of this week’s U.S. economic reports, it looks as if the direction of the gold market this week is going to be controlled by the U.S. Dollar. This week, the dollar should be impacted mostly by Durable goods with Advance GDP a close second.

Based on the close at $1276.00 and last week’s price action, the direction of the June Comex gold market on Monday is likely to be determined by trader reaction to the major 50% level at $1272.70.

Gold markets fell rather hard during the week, crashing into what I believe is a significant support level. It will be interesting to watch what happens next, but clearly we have seen a complete change in attitude over the last several weeks.

Gold markets have been sitting on major support for the last couple of trading days but were closed for Good Friday. At this point, we are at a major inflection point and could be setting up for a big move.

Gold ends the week in the red

Overall, gold futures are fairly priced, given the strengthening U.S. Dollar, steady Treasury yields and a stock market that sits about 1 percent below its all-time highs.

Global equity markets struggled for direction during Friday’s trading session as activity continued to decelerate ahead of the Easter Bank holiday weekend.

Soft EU PMIs fail to weigh on gold prices

Gold markets went back and forth during the trading session on Thursday, as we continue to hang about a significant support level based upon technical analysis, but there are a lot of moving pieces that could push this market.

Based on the early price action and the current price at $1277.60, the direction of the June Comex gold market the rest of the session is likely to be determined by trader reaction to yesterday’s close at $1276.80.