Forecasts & Analysis | Gold, Page

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Forecast – Stock Market Recovery Could Encourage Investors to Cut Long Gold Positions

    Gold futures rallied to nearly a three-month high last Monday as safe-haven buyers anticipated another steep plunge in U.S. equity markets. However, the market traded sideways the rest of the week. Gains were limited by a steady stock market and higher Treasury yields. Nonetheless, early buyers still managed to hang

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets rally for the week

    Gold has broken to the upside again during the week, after forming a very bullish candle last week. This is a good sign, and it looks as if the $1175 level underneath is massive support, and if we break down below there it’s likely that we could unwind rather drastically,

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets holds steady on Friday

    Gold markets continue to go sideways, and that’s a good sign as it looks like we are trying to find some type of catalyst to either go higher or pull back a bit. I believe that the market continues to be very skittish, but I do like Gold longer-term. I

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Edges Higher as Safe Haven Needs Continue

    Gold prices continued to trade sideways forming a bull flag pattern that is a pause that refreshes higher. Stronger US yields relative to Europe and Japan are buoying the dollar which is weighing on gold prices. Gold has benefited from a flight away from riskier assets during the past 2-weeks,

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Gold Bulls Need the Dollar to Weaken, or Stocks to Plunge

    Gold is trading flat shortly before the regular session opening on Friday. The market is being underpinned by renewed political and economic concerns including China’s weak economic growth reported earlier in the session. Traders are also monitoring stock market activity which could affect gold’s appeal as a safe-haven asset. Additionally,

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold hangs onto gains

    Gold markets rallied, breaking towards the $1225 level recently, but since then we have gone sideways. This is a very bullish sign though, because it shows us that the market is comfortable hanging onto the gains from the move last week. If that’s the case, then it shows real resiliency

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Moves Higher Despite Robust Jobs Data

    Gold prices moved higher on Thursday as US yields whipsawed initially moving higher following a stronger than expected jobless claims report.  With claims close to a 59-year low, wages should begin to move higher which is why the Fed in its meeting minutes said that it was likely to move

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Traders Waiting for Next Catalyst to Drive Price Action

    Gold is trading slightly lower Thursday while clawing back earlier losses. The range remains tight as investors continue to assess the impact of rising U.S. Treasury yields, a firm U.S. Dollar and the potential for stock market volatility. Traders appear to be waiting for a trigger to generate some fresh

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to grind sideways

    Gold markets have broken above a significant resistance barrier in the form of the $1220 level. After that, it looks like we are trying to grind sideways overall in order to digest the gains and perhaps build a bit of confidence at these higher levels. However, I do see the

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  • David Becker
    David Becker

    Gold Price Prediction – Soft Housing Data is Offset by Weak UK Inflation Keeping Gold Steady

    Gold prices edged lower and continued to trade sideways forming a bull flag pattern that is a pause that refreshes. The dollar gained traction against the Euro and the Pound despite softer than expected housing starts numbers. The weaker than expected US data was countered by softer inflation data in

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – October 17, 2018 Forecast

    Gold futures are trading higher at the mid-session after reversing earlier weakness. Buyers are reacting to weak demand for higher risk assets, making gold a more attractive safe-haven asset. Treasury yields are also trading lower, however, the U.S. Dollar remains firm, which may be limiting gains in the dollar-denominated gold

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Strengthens Over $1236.90, Weakens Under $1222.70

    Gold is trading lower shortly before the regular session opening on Wednesday. Profit-taking and position-squaring in reaction to a rebound in stocks and a firmer dollar are weighing on prices. Traders are also lightening up on the long side ahead of the release of the Fed minutes at 1800 GMT.At

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  • Colin First
    Colin First

    Commodities Daily Forecast – October 17, 2018

    GoldThe gold market traded sideways mostly through the Tuesday’s session as it has been trying to gain some momentum. The gold prices have shown strong upside momentum in the last several sessions and pull-back under this condition will offer a nice buying opportunity. The $1220 level underneath is an excellent

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Failure to Hold $1222.70 Could Trigger Break into $1210.60

    Gold futures are trading lower early Wednesday as investors booked profits after last week’s run-up. The catalysts behind today’s liquidation-led pressure are increased demand for risky assets and a firmer U.S. Dollar. Traders are also paring positions ahead of today’s U.S. Federal Reserve monetary policy minutes due to be released

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to grind sideways on Tuesday with slight upward tilt

    Gold markets when sideways during the day on Tuesday, which is something that is not overly surprising, considering that we had rallied so strongly during the previous week. I think that the $1250 level above is massive resistance, so I don’t know that we can break above there. If we

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Consolidates Forming Bull Flag Pattern

    Gold prices attempted to move higher on Tuesday but were unable to pierce through resistance levels. Prices were unable to make a new high for October and continues to form a bull flag pattern. Stronger than expected Jobs Openings along with a robust Industrial production, buoyed the dollar, while yields

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Cautious Buyers as Market Sits Near 2-1/2 Month High

    Gold futures are trading slightly better early Tuesday, remaining just under a 2-1/2 month high hit on Monday. The market continues to be underpinned by safe-haven buying tied to rising political tensions and economic turmoil.At 1150 GMT, December Comex Gold is trading $1233.40, up $3.00 or +0.24%.After wallowing in a

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  • Lukman Otunuga
    Lukman Otunuga

    Markets in Cautious Mode, Gold Glitters

    Open your FXTM account todayA cautious tone is likely to reverberate across financial markets this week as ongoing trade disputes, global growth fears and geopolitical tensions keep investors on edge.Equity markets across the world were shaky on Monday amid rising political tensions between the United States and Saudi Arabia. Asian

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  • Colin First
    Colin First

    Commodities Daily Forecast – October 16, 2018

    GoldThe gold prices broke above the $1230 level in the Monday’s session as weak USD is supporting the market. The market is likely to continue going towards the $1250 level and $1220 level underneath will be offering a strong support to the market. The gold prices will continue to gain

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to levitate

    Gold markets broke above the $1230 level, an area that has been resistance, and now it looks like we’re going to pull back to the $1230 level to find buyers. At this point, it’s very likely that we should continue to go higher, perhaps reaching towards $1250 level. Underneath, I

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