Forecasts & Analysis | Gold, Page 14

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – January 16, 2019 Forecast

    Based on the early price action and the current price at $1293.20, the direction of the February Comex Gold futures contract the rest of the session is likely to be determined by trader reaction to the 50% level at $1289.20.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Rangebound Until Appetite for Risk Changes

    We’re looking for the sideways trade to continue until we see a clear shift in demand for higher risk assets. If risk is on then gold is likely to be pressured. If risk is off then gold will be supported.

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    At the end of the day, Pound remains unchaged. Gold too

    Yesterday we had a real roller-coaster on the GBP. Well, no surprise here as we had a Brexit vote and everybody expected the increase in volatility. 

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 16, 2019

    GoldThe gold prices are continuing its move around the $1290 level as it is facing extreme resistance in breaking above the psychologically important $1300 level. If it breaks above the $1300 level, then it can reach towards the $1400 level in the long term, with some selling at every $25 until

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  • David Becker
    David Becker

    Gold Price Prediction – Prices Consolidate Following Brexit

    Gold prices moved sideways in the wake of the Brexit vote which as widely expected defeated the Prime Minister Teressa May. The markets had discounted a no vote, which led to some short-covering in the pound. The easing of the dollar helped buoy gold prices. Technical Analysis Gold prices remain range bound

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Strengthens Over $1289.20, Weakens Under $1285.70

    Based on the early price action, the direction of the February Comex Gold market into the close is likely to be determined by trader reaction to the short-term pivot at $1289.20 and the major 50% level at $1285.70.

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to meander

    Gold markets continue to go back and forth as we can’t get above major resistance. However, we have major support just below so I think that the market is getting ready to make a significant move.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Mixed Fundamentals Causing Rangebound Trade

    Gold has been rangebound for nearly two weeks due to mixed fundamentals. Underpinning the market has been the dovish Fed which recently signaled it may take a break from further rate hikes until the stock market volatility stabilized and the global economy started to show signs of strengthening.

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  • Colin First
    Colin First

    Precious Metals Trade in Red on Profit Booking Activity

    Gold trades in red on profit booking activity and high risk appetite but downside was limited owing to caution surrounding brexit.

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 15, 2019

    GoldThe gold prices during Monday’s session was bit stable and did not break out above. The market is highly influenced by the Dollar index which is continuing to be extremely choppy. Underneath, the $1280 level is massively supportive which extends down to the $1250 level. A breakout above $1300 level

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Trades Sideways Following Weak Chinese Data

     Gold prices moved higher but remain rangebound on Monday, as US yields remain soft following weaker than expected Chinese data. With the worlds second largest economy softening, it will be hard for the US to continue to outshine. The shutdown of the US government will also take some of the

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to consolidate

    Gold markets continue to go back and forth, as Monday was positive but did not break out. Overall, this is a market that not only moves upon the cycle of the US dollar but can be driven by a safety trade as well.

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – January 14, 2019 Forecast

    Based on the early price action, the direction of the February Comex gold futures contract the rest of the session is likely to be determined by trader reaction to the 50% level at $1289.20.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Supported by Weaker Dollar, Lower Demand for Risk

    A weak dollar and lower demand for risky assets should underpin gold prices today. The trend is up, but the market has been rangebound for more than a week. This suggests investor indecision and impending volatility.

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 14, 2019

    GoldThe gold price was mostly sideways during the Friday’s session as it is trying to gain enough momentum to continue moving higher. A break above $1300 level would send the gold prices towards the $1400 level in the long term. Pullbacks in the market will continue to offer a nice

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Forecast -Wildcards are Government Shutdown, Trade Deal

    The price action this week will continue to be driven by the direction of the U.S. Dollar. The greenback will largely be influenced by the direction of U.S. Treasury yields and yields will be moved by appetite for risk and a number of economic reports, Fed speakers and the government

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  • David Becker
    David Becker

    Gold Price Prediction – Prices Trade Sideways Despite Soft US Inflation Data

    Gold prices moved sideways, as the Euro moved lower and US yields pulled back.  The UK reported stronger than expected GDP data, as the US revealed in line inflation information.  Most of the decline in the US CPI was driven by gasoline prices which will likely rebound along with the

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets continue to push

    Gold markets went back and forth during the course of the week, testing the crucial $1300 level above, but failed to break above there. This is especially interesting considering that it is a large, round, psychologically significant number, and then of course the shooting star from the previous week.

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to press resistance

    Gold markets continue to go sideways as the week has been a bit choppy. However, there are several reasons for me to think that the Gold markets will continue to go higher, and the fact that we could not break out to me suggests that we are trying to build

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Weaker-Than-Expected CPI Could Spike Gold Prices Higher

    Traders will be primarily focused on the CPI report today. In the Fed minutes released earlier this week, policymakers cited muted inflation as one reason to consider backing away from further rate hikes. If the consumer inflation data confirms low inflation then Treasury yields may drop, driving down demand for

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