Forecasts & Analysis | Gold, Page 14

  • David Becker
    David Becker

    Gold Prices Dip as Fed Keeps Rates Unchanged

    Gold prices moved lower as the dollar gained traction, as the 10-year US yield hit fresh highs. This followed the Federal Reserve meeting where the FOMC kept rates unchanged. As yields moved higher the dollar began to soar, paving the way for lower gold prices. Riskier assets moved higher on

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast November 9

    Gold markets were a little bit softer during the trading session on Thursday, as we continue to see a lot of volatility in the precious metals markets.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Lifting of Uncertainty Surrounding Elections Weighing on Prices

    Gold investors appear to have grown impatient with the market’s inability to rally through important resistance areas on the recent rally, despite enhanced stock market volatility and uncertainty leading up to the mid-term elections. With stocks recovering most of their recent losses and the election results meeting expectations, gold investors

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  • Colin First
    Colin First

    Commodities Daily Forecast – November 8, 2018

    GoldThe gold prices were choppy through the Wednesday’s session, as it was struggling to find the direction. The next few sessions in the market will remain choppy, due to reaction to the US midterm election outcome. The $1250 level above is offering string resistance and if it breaks higher, then

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – November 8, 2018 Forecast

    Based on the early price action, the direction of the December Comex Gold market on Thursday is likely to be determined by trader reaction to the downtrending Gann angle at $1228.00.

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Slips Following Mid-Term Elections

    Gold prices slumped during the session forming a doji day which is generally a sign of indecision.  Prices attempted to move higher following the mid-term election results but as the session moved on, riskier assets surged easing the demand for the yellow metal. As most expected the Democrats are now

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast November 8

    Gold markets were rather confused during the trading session on Wednesday, which is a good metaphor for the entirety of the marketplace. Quite frankly, the elections didn’t solve much, and at this point in time I think that the Gold markets are going to stay within the consolidation area.

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – November 7, 2018 Forecast

    Based on the early price action, the direction of the December Comex Gold futures contract on Wednesday is likely to be determined by trader reaction to the retracement zone at $1229.70 and $1233.50. Trading in between these levels will likely lead to a sideway move.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Gold Bulls Hoping for U.S. Political Gridlock

    The outcome of the election was predicted by many – the Democrats won the House and the Republicans retained control of the Senate – which is probably why we didn’t see volatility in stocks or gold. However, the news creates gridlock in the government and this creates uncertainty, which gold

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast November 7

    Gold markets pulled back for the third day in a row during Tuesday as we awaited midterm election results in the United States. It looks as if the $1250 level is in fact going to be significant resistance. However, we have recently seen a very impulsive candle to the upside

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – November 6, 2018 Forecast

    Based on the early trade, the direction of the December Comex Gold futures contract on Tuesday is likely to be determined by trader reaction to the short-term retracement zone at $1229.0 to $1233.50. A downtrending Gann angle at $1232.00 passes through this zone. It is also controlling the direction of

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Consolidates Ahead of Mid-Term Election Results

    Gold prices edged higher on Tuesday but are unlikely to break out ahead of the results of the US mid-term elections.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Look for Safe-Haven Buying if Republicans Lose Power

    Shortly before the voting begins on Tuesday, opinion polls show strong chances the opposition Democratic Party may take over the House after two years of wielding no practical political power in Washington due to Republican control. The Senate, however, is expected to remain under the control of the Republican Party.

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  • David Becker
    David Becker

    Gold Price Prediction – Prices Trade Sideways Ahead of Mid-Term Elections

    Gold prices continue to trade sideways in the wake of the US jobs report and ahead of the US mid-term elections. Last week traders saw that wages increased by more than expected which pushed US yields higher, which raised the value of the US dollar paving the way for lower

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast November 6

    Gold markets were relatively quiet during trading on Monday to kick off the week after seen quite a bit of bullish pressure during the previous week. I think at this point; the markets are essentially “on hold” as we await election results in the United States.

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – November 5, 2018 Forecast

    Based on the early price action, the direction of the December Comex Gold market the rest of the session is likely to be determined by trader reaction to the short-term 50% level at $1229.70.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Rangebound Ahead of Tuesday’s Mid-Term Elections

    We’re not expecting much movement today as the major players are likely to sit on the sidelines ahead of the mid-term elections. The direction will continue to be controlled by the movement in the U.S. Dollar and the range in that currency is pretty tight.

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  • Colin First
    Colin First

    Commodities Daily Forecast – November 5, 2018

    GoldThe gold lost some of its value in the Friday’s session, trading near the $1235 level after job numbers came out very strong. Eventually, this market will find enough buyers to take it higher and once it breaks above the $1250 level, it will open the doors towards the $1300

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Strengthens Over $1235.80, Weakens Under $1229.70

    Based on the early trade, the direction of the December Comex Gold market on Monday is likely to be determined by trader reaction to the Fibonacci level at $1235.80.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Price Forecast – Democrat Victory Could Spell Doom for Stocks, Increase Gold’s Appeal as Safe Haven Asset

    A win by the Democrats could be chaotic because this will weaken President Trump’s position as leader. Traders may read this as the beginning of the end for the economic recovery. Gold is likely to rally if the Democrats gain control of Congress. Stocks could crash which would increase gold’s

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