Forecasts & Analysis | Gold, Page 15

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Short-Covering Rally Fizzles as U.S. Dollar Soars on Hawkish Fed Comments

    Gold is trading lower early Thursday after a failing to follow-through to the upside on Wednesday following the previous session’s sharp rally. The market is currently testing $1200.00, which some traders are calling psychological support.Two factors likely contributed to the market’s weakness on Wednesday. Firstly, an easing of tensions between

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets drift lower on Wednesday

    Gold markets have drifted slightly lower during the trading session on Wednesday, as we continue to bounce around the $1205 level. This is a market that is highly influenced by the US dollar so of course pay a lot of attention to that, using the EUR/USD pair as a de

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Consolidates Following Robust US Data

    Gold prices failed to move higher and continue to trade in a tight range. The dollar continued to gain traction against most major currencies following better than expected jobs and services data released in the US on Wednesday. Yields surged placing an underlying bid under the dollar, which weighed on

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  • Lukman Otunuga
    Lukman Otunuga

    Sterling Steady ahead of UK Services, Euro Rebounds and Gold Shines

    The past few days have certainly been eventful for financial markets as investors tussled with global trade developments, Brexit related uncertainty, turmoil in Italy and rising commodity prices.Investors initially entered the trading week adopting a “risk-on” approach, after Canada signed a trilateral trade deal with the United States and Mexico

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    Correction on the USD. Reversal on Gold!

    Buyers on the EURUSD finally can catch a breath after a huge decline that rocked the market at the beginning of October. Sellers are taking a break and buyers are licking the wounds. The price bounced from the 1.153 support, which proved to be crucial for both sides of the

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  • Colin First
    Colin First

    Commodities Daily Forecast – October 3, 2018

    GoldThe gold market witnessed a bullish spike during the Tuesday’s session, breaking above the $1200 level to reach towards the $1210 level. The gold market was showing extreme resiliency around the $1200 level in last several session and has helped it to break higher. Also, the market should continue to

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Euro Rebound Could Pressure Gold Prices

    Gold prices are trading nearly unchanged early Tuesday after the market failed to follow-through to the upside following yesterday’s 1.27% gain. Traders also learned on Tuesday that the U.S. Dollar/Gold relationship is based on long-term studies and the two assets can and will trade in the same direction at times.At

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – October 3, 2018 Forecast

    Gold futures are edging higher early Tuesday, just one day after safe-haven demand drove the market 1.27% higher. The catalyst behind the rally was an escalating budget conflict between Italy and the European Union. The move caught bearish traders by surprise because the U.S. Dollar was also trending higher, forcing

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets power higher on Tuesday

    The Gold markets broke above the $1200 level during the trading session on Tuesday and kept going. The market looks likely that it is going to continue to go higher, and I think at this point it’s probably best to start buying pullbacks. The $1200 level should be support now,

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  • David Becker
    David Becker

    Gold Price Prediction – Prices Rebound as Inflation Starts to Rise

    Gold prices moved higher on Tuesday despite a rally in the dollar. Gold prices surged against the Euro, as it appears that inflation is on the rise. Fed Chair Gerome Powell in a speech in Boston said that the Fed has been able to keep inflation in check by managing

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – October 2, 2018 Forecast

    Gold futures are trading higher on Tuesday shortly before the regular session opening. The market is in a position to breakout to the upside after confirming Friday’s closing price reversal bottom. However, the buying volume is extremely light with buyers likely being spooked by the firmer U.S. Dollar. Gold could

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  • Colin First
    Colin First

    Commodities Daily Forecast – October 2, 2018

    GoldThe gold market remained choppy through the Monday’s session as the $1195 level is strong resistance to the market. The gold market is likely to continue trade under pressure with next major support is at $1185 level. If it breaks further from here, then it is likely to reach down

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Price Action Being Driven by Technical Factors, Who is Buying?

    Gold futures are trending higher early Tuesday for no particular reason. The U.S. Dollar Index is trading higher with support coming from a weaker Euro, Australian Dollar and New Zealand Dollar. U.S. equity markets are drifting lower. Silver is also posting a gain.Technical factors could be playing a role. On

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Trade Through $1198.00 Confirms Closing Price Reversal Bottom

    Gold futures are inching higher early Tuesday after Monday’s lower close and inside trading range. The price action suggests investor indecision and impending volatility following Friday’s dramatic closing price reversal bottom.Despite the potentially bullish chart pattern, traders seem reluctant to buy strength due to expectations of rising interest rates and

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets very choppy on Monday

    The Gold markets continue to be very choppy overall, and therefore it’s not a huge surprise that we struggled a bit during the trading session on Monday. I think we continue to go back and forth, and it’s likely that we will see quite a bit of noise overall. I

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  • David Becker
    David Becker

    Gold Price Prediction – Prices Trade Sideways as the Dollar Rallies

    Gold prices moved lower and continued to trade sideways in a tight range. This comes at the dollar broke out against the yen and moved higher against the euro.  The dollar gained traction despite a slightly softer than expected ISM manufacturing report.  Softer than expected EU PMI data and weak

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Professional Traders Increase Net Short Positions

    Gold is trading lower shortly after the regular session opening on Monday after failing to follow-through to the upside following Friday’s dramatic rebound into the close. The market continues to feel pressure from a stronger U.S. Dollar which is being supported by expectations of higher U.S. interest rates. Furthermore, increased

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  • Colin First
    Colin First

    Commodities Daily Forecast – October 1, 2018

    GoldThe gold prices rallied during the Friday’s session, gaining over $7 during the session. There is a significant amount of resistance at the $1195 level and will be difficult for the market to cross higher as the USD continued to gain strength. The $1185 level underneath is very significantly supportive

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Needs to Clear Wall of Resistance at $1200.00 to $1205.90 to Sustain Short-Covering Rally

    December Comex Gold futures closed higher on Friday, reversing earlier weakness which drove the market to nearly a 6-week low. Short-covering and profit-taking helped drive prices higher, but the catalyst behind the move was a strong rally in silver. Despite expectations of rising interest rates and a firmer U.S. Dollar,

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Forecast – Fundamentals Bearish, but Strong Silver Could Lead to Counter-Trend Rally

    Gold futures finished lower last week as a stronger U.S. Dollar helped make the dollar-denominated asset a less-attractive investment. Several factors helped pressure gold and boost the dollar including expectations of higher interest rates, strong U.S. economic data and a weaker Euro.Gold hit a fresh six-week low late in the

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