Forecasts & Analysis | Gold, Page 15

  • David Becker
    David Becker

    Gold Price Prediction – Price attempt to Break Out but Fail to Recapture the October Highs

    Gold prices attempted to breakout in the trading session, following a softer than expected ADP private payroll report, but pulled back as yields rebounded following a stronger than expected ISM services report.  Jobless claims fell more than expected which will provide the backdrop for Friday’s government payroll report.Technical AnalysisGold prices

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Into Close: Strengthens Over $1248.50, Weakens Under $1245.00

    Based on the earlier price action, the direction of the February Comex gold market into the close is likely to be determined by trader reaction to a pair of downtrending Gann angles at $1248.50 and $1245.00.

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets pressing major resistance

    Gold markets continue to be very noisy, reaching towards the crucial $1250 level. That’s an area that has been important more than once, and it does look like we are trying to break out above there. However, it is also an area where you would expect to see a lot

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Safe-Haven Buyers Choosing Dollar Over Gold

    Just a short while ago, crude oil plunged, taking the stock market with it. This also drove the dollar higher and gold lower. This confirms our assessment that gold is once again getting its direction from the U.S. Dollar. And safe-haven buyers of the dollar are getting their cues from

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    Three great trading setups. DAX, Gold and USDJPY

    Another gap in the DAX, this time a bearish one. We start Thursday on the important mid-term horizontal support, which may help to lift the price higher. Why? Because that would be the gap closing movement and we all know that gaps love to be closed, especially on the DAX.

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 6, 2018

    GoldThe bullish momentum continued through the Wednesday’s session in the gold market, as the market is trying to break above the $1250 level. The 50 Day EMA line just below is providing important support to the market. If the gold prices move above the $1250 level, then it can fresh

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Inside Trade Indicates Investor Indecision, Renewed Volatility

    Based on the pair of inside days, we have to conclude that the direction of the December Comex gold market on Thursday is likely to be determined by trader reaction to Tuesday’s high at $1247.50 and its low at $1235.80.

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  • David Becker
    David Becker

    Gold Price Prediction – Prices Consolidate in Light Volume

    Gold edge lower on Wednesday in light volume as the US markets were closed as the country mourned former President George Herbert Walker Bush.  Yields in the US continued to move lower which weighed slightly on the dollar helping to keep the yellow metal buoyed. The Euro gained traction as

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets hover just below major resistance

    Gold markets hovered a bit during the trading session on Wednesday, showing signs of resiliency. If we can break above the $1250 level, the market could go much higher, reaching towards the $1275 level. This is a market that looks like it is trying to wind up rather drastically.

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 5, 2018

    GoldThe gold prices rallied during yesterday’s session reaching towards the $1250 level using the 200 Day EMA line as support. If the gold prices break manages to break above the $1250 level, then it will continue to go much higher probably towards the $1400 level upon the longer term charts.

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    Important lesson about the false breakouts. EURUSD, DAX and Gold

    What a week! First, we started with the gap on almost all instruments and then we got a very volatile reversal. Our first instrument is the EURUSD, where the initial gap was relatively small but what happened next is more important. Yesterday, the price broke the horizontal resistance created by

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Inside Move Suggests Investor Indecision Due to Dollar Swings

    Today’s inside move suggests investor indecision and impending volatility. There are no reference points for a breakout except for the previous day’s high and low. Look for gold prices to weaken if the U.S. Dollar continues to rise. Taking out yesterday’s low at $1235.80 will indicate the selling pressure is

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Rallies as Risk Off Trade Perpetuates

    Gold price moved higher on Tuesday amidst a riskier asset selloff following confusion to what was agreed to by President Trump and President Xi. Yields moved lower which weighed on the US dollar paving the way for higher gold prices. Trump was quick to announce that the Chinese had 90-days

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets rally for Tuesday

    Gold markets rallied significantly towards the $1250 level, which of course is a major area of resistance based upon not only the psychology of a round number, but an area that has shown a selling anyway.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Treasury Rate Inversion Puts Gold in Bullish Position

    Traders are saying the greenback is under pressure because of the temporary truce in the trade conflict between the United States and China. However, the move is likely being influenced the most by the steep drop in U.S. Treasury yields that fell to three-month lows.

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 4, 2018

    GoldThe gold prices rallied higher during the Monday’s session, breaking above the 50 Day EMA slope, which is a very positive development for the market. The market has a significant amount for resistance placed at the $1250 level, which is also a psychologically significant figure. If it breaks above it,

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  • Lukman Otunuga
    Lukman Otunuga

    Dollar Softens on US-China Trade Truce; Gold Glitters into December

    This welcome development is already reducing appetite for the Dollar while emerging currencies and riskier assets are benefiting from the improving market mood

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  • Colin First
    Colin First

    Gold Monthly Forecast – December 2018

    Gold gained positive price action following successful Sino -U.S. trade talks that ended on 90 day truce resulting weak USD and increased demand for Spot Gold. Investors now await FOMC forward guidance and update on geo-political events for direction cues.

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Rallies as the Dollar Slips Despite Robust ISM Manufacturing Report

     Gold prices moved higher on Monday following the Trump Xi meeting which weighed on yields and the US dollar. The decline in the greenback paved the way for higher gold prices.  Construction spending in the US fell for the 3rd consecutive month in October according to the Commerce Department, while

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets rally to kick off week

    The Gold markets rallied quite nicely to kick off the week as the Americans and the Chinese have decided to call a cease-fire in the trade war. This has a bit of a “risk on” attitude in the markets, which of course helps the Gold markets as it hurts the

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