Forecasts & Analysis | Gold, Page 3

  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to face resistance above

    Gold markets rallied a bit during the trading session on Monday, reaching towards the $1300 level above, an area that of course offers a bit of resistance. From both a structural and psychological level, the $1300 level should offer resistance.

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – January 7, 2019 Forecast

    Based on the early price action and the current price at $1293.70, the direction of the February Comex gold futures contract today is likely to be determined by trader reaction to the steep uptrending Gann angle at $1292.00.

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 7, 2019

    GoldThe gold prices pulled back from the $1300 level after the strong US job numbers came out stronger than estimated in the Friday’s session. The market will continue to find buyers at lower level due to the risk-off sentiment and $1275 level underneath is a strong support point. The 20

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Weak Dollar Sparking Renewed Buying

    The early price action indicates gold investors are locked onto the movement in the U.S. Dollar. The dollar index is currently in a position to test its lowest level since early November. If this support area fails as support then gold could easily retest Friday’s high that came in just

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Closing Price Reversal Top May Be Indication of Momentum Shift

    Based on Friday’s price action and the close at $1286.20, the direction of the February Comex gold futures contract on Monday is likely to be determined by trader reaction to the major 50% level at $1285.70. While the closing price reversal top is a potentially bearish chart pattern, it has

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Forecast – Shift in Fed’s Tone Could Drive Market Back to $1251.40 to $1238.80

    Gold prices will continue to weaken this week if Treasury yields continue to rise and increased appetite for risk drives the stock market higher. The first downside objective this week is $1268.50. This is followed by $1258.60. The primary target zone is $1251.40 to $1239.80.

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Slides Following Robust Payroll Report

    Gold prices reversed course and moved lower following a stronger than expected US payroll report released by the Department of Labor on Friday.  This came in the wake of Thursday’s stronger than expected private payroll report released by ADP which failed to halt the upward trend in gold. Today’s payroll

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets show signs of exhaustion

    Gold markets showed signs of promise during most of the week, but the Friday candlestick was horrible. By forming the candle stick that it did, we ended up forming a shooting star right at the all-important $1300 level.

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets get hammered on Friday

    Gold markets got hammered during the trading session on Friday, as the jobs number came out stronger than anticipated in America. We fell to reach towards the top of the up trending channel that we had been in, which caused a bit of a short-term bounce.

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – If Powell is Dovish, Are We Looking at Buy the Rumor, Sell the Fact Situation?

    Gold prices have been rallying since December 14 or since the last Fed meeting. The move represents investors betting against Powell’s hawkish assessment of the economy. It looks as if investors are expecting Powell to soften his tone about rate hikes, or present a more flexible outlook for Fed policy.

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 4, 2019

    GoldThe gold prices rallied during the Thursday’s session, moving towards the $1300 level. The US job figures today will keep the market volatile and if it fails to meet the estimate, then more buying in the gold market will follow and eventually will break above the $1300 level. The $1280

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Rallies as the Dollar Continues to Slide

    Gold prices continued to break out as the dollar eased and US yields moved lower. The 10-year US yields tumbled to 2.56% the lowest since January of 2018. With the yield differential moving against the greenback, both the euro and the yen gained ground. This came despite better than expected

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to grind to the upside

    Gold markets rallied a bit during the trading session on Thursday, as we continue to grind higher. However, with Friday being Nonfarm Payroll Numbers day, then I think it’s very likely that the markets will be volatile, mainly because of what will be going on with the US dollar.

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  • Tomasz Wiśniewski
    Tomasz Wiśniewski

    Flash Crash on the JPY. Golden start of the 2019?

    The beginning of the year is definitely super interesting! Yesterday we had some nice movements on the USD and Thursday brought us a flash crash on Yen. The Japanese currency was not the only one affected. AUD and NZD also witnessed volatile movements. The main reason for that is that

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – January 3, 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 $1285.70 and the uptrending Gann angle at $1284.50. This angle, moving up at a rate of $4.00

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Weak Equity Markets Setting Bullish Tone

    The tone of the market is being set by weaker stock prices. Continued weakness in the equity market should be supportive for gold. However, if stocks mount a dramatic recovery, sellers could hit gold prices hard.

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  • Colin First
    Colin First

    Commodities Daily Forecast – January 3, 2019

    GoldThe gold prices continue to strengthen in the Thursday’s session reaching towards the $1290 level. The 20 Day EMA is ready to cross above the 50 Day EMA which is very bullish and will continue to support the gold prices higher. A break above $1300 level will send the prices

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Hits Resistance as Riskier Assets Rebound

    Gold prices surged higher on Monday the first day of 2019 only to meet with robust selling as prices reached 1,288.  Yields moved lower but then rebounded as riskier assets in the US gained traction allowing the dollar to gain a foot hold and putting pressure on the price of

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to march higher

    The Gold markets rallied a bit during the trading session on Wednesday as traders came back from the New Year’s Day holiday. The market has recently broken out of an ascending and strong channel. Because of this, there should continue to be buying opportunities.

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – January 2, 2019 Forecast

    Based on the early price action and the current price at $1286.30, 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 $1285.70.

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