Forecasts & Analysis | Gold, Page 2

  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to press major area

    Gold markets pulled back a little bit looking for support. We did find support on Thursday, and then turned around to show signs of bullish pressure. At this point, I think we need to clear the $1260 level II open up to a move to the upside, to the $1275

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – May See Further Consolidation Ahead of New Week’s Fed Meeting

    Gold futures are edging lower on Thursday with the market trading inside the previous day’s range for a second session, suggesting investor indecision and impending volatility. Since hitting a five-month high on Monday, the market has drifted sideways to lower primarily due to increased demand for higher risk assets and

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Edges Higher Following US CPI Reports

     Gold prices edged higher following the Labor Departments report on consumer prices.  Gold prices broke out above resistance on Friday following a softer than expected employment report but has since ease and forming a bull flag continuation pattern.Technical Analysis Gold prices edged higher on Wednesday, but appears to be forming a

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to meander around major level

    Gold markets continue to show a bit of resiliency, as we have seen the $1250 level offer a bit of support as well as resistance. The 50 day EMA is starting to turn to the upside, so I think it’s only a matter of time before we go higher, mainly

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Gold Could Get Crushed if Dollar Index Breaks Out Above 97.53

    Gold futures are trading higher shortly before the regular session opening on Wednesday, but remain below the 5-month high reached just two days ago. Traders are reacting to a slightly weaker U.S. Dollar. The market is also trading inside yesterday’s range which suggests investor indecision and impending volatility.Although the main

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  • Lukman Otunuga
    Lukman Otunuga

    Yuan Firms on Renewed Trade Talk Hopes: Gold Wobbles

    Open your FXTM account todayA sense of stability returned to financial markets on Tuesday as investors swept aside geopolitical risk factors to focus on progress in trade talks between the two largest economies in the world.The overall market mood received a boost following reports of top US and Chinese officials

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 12, 2018

    GoldThe gold prices initially rallied during yesterday’s session but turned around to show signs of exhaustion, breaking down below the $1250 level. The 50 Day EMA line underneath should offer strong support to the market. Alternatively, if the market breaks higher, then it could easily reach towards the $1275 level.

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Slips Forming Bull Flag Pattern

    Gold prices eased on Tuesday following the Labor Departments report on wholesale prices.  Gold prices broke out above resistance on Friday following a softer than expected employment report but has since ease and forming a bull flag continuation pattern.Technical AnalysisGold prices eased for a second consecutive trading session on Tuesday,

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to struggle to break out

    Gold markets initially tried to go to the upside during trading on Tuesday, but we have turned around to show signs of exhaustion, breaking down to the $1250 level. Overall, I think at this point it’s likely that we will probably pull back, but I think the 50 day EMA

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – U.S. Producer Inflation Data Will Influence Price Action

    Gold futures are trading higher on Tuesday in reaction to a weaker U.S. Dollar. Yesterday, the market posted a dramatic closing price reversal top. However, there was no follow-through to the downside so the chart pattern has not been confirmed. Taking out yesterday’s high will negate the chart pattern.A trade

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 11, 2018

    GoldThe gold market pulled back slightly during Monday’s session, testing the $1250 level underneath, which now has turned supportive. At this point, pullbacks will continue to be a nice buying opportunity in the market and over a long period, it can reach towards the $1400 level. …Read MoreSilverThe silver market

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  • David Becker
    David Becker

    Gold Consolidates as JOLTs Report Offsets Brexit Confusion

    Gold prices edged lower on Monday as mixed signals helped the yellow metal consolidate.  Fear initially hit the markets as Prime Minister Terresa May told parliament that she did not have the votes to move forward with Brexit and that she needed permission to extend the vote to tomorrow. This

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to hang above barrier

    Gold markets broke out above the $1250 level, and a sign of strength at the end of last week. At this point, I think a pullback gives us an opportunity to go long in a market that has been consolidating for a while, and now that we have made this

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    Gold finally breaks the crucial resistance

    I will start this analysis by telling you that in the past few months, the movements on Gold are a bit, let’s say weird. Gold does not behave as it was for the past few years. The correlation between the USD and the risk ON/OFF mode seems broken. Gold follows

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Has Room to Rally, but Dollar Needs to Plunge

    Gold futures are trading slightly lower after giving up earlier gains that drove the market to its highest level since July 17. The early strength was fueled by follow-through buying related to Friday’s weaker-than-expected U.S. Nonfarm Payrolls report. The jobs report garnered mixed reviews with some traders describing it as

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  • Colin First
    Colin First

    Commodities Daily Forecast – December 10, 2018

    GoldThe gold prices rallied significantly higher breaking above the $1250 level during the Friday’s session after the release of job numbers. This is obviously a positive sign for the market and will continue to attract buyers. If the gold market breaks above the top of the range of Friday’s session,

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Weekly Trend Turned Up Last Week

    Gold futures are trading steady early Monday underpinned by a weaker U.S. Dollar. The greenback is being pressured by Friday’s disappointing U.S. jobs data that fueled speculation that the Fed would curtail the number of rate hikes in 2019 after it raises rates for the fourth time next week. Traders

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Forecast – Catalysts for Big Rally: Sustained Move Over $1252, Weak Dollar

    February Comex gold prices finished higher for the week and in a position to continue the rally this week. Technically, the market changed the main trend to up according to the weekly chart. This could trigger a follow-through to the upside. The weakening U.S. Dollar is the catalyst behind the

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Breaks Out on Soft Payroll Data

    Gold prices surged higher on Friday rising 1.8% as trade turmoil and a smaller than expected rise in non-farm payrolls. The prior month employment report was also revised lower. Hourly earnings were also smaller than expected which means that the Fed will likely moderate future rate hikes.Technical AnalysisGold prices surged

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets test major resistance

    If we break above the top of the weekly candle stick, then I think the market probably goes to the $1300 level. Otherwise, I think that the market probably pulls back a bit, but it certainly looks as if gold is trying to make a statement, as the $1200 level

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