Forecasts & Analysis | Gold, Page 4

  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets drift lower on Friday

    Gold markets of course have been very choppy over the last several sessions, hugging the $1225 level. We are in an uptrend channel, which of course shows signs of the market trying to pick it up, but I think gold is going to continue to struggle as long as the

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  • Anil Panchal
    Anil Panchal

    Technical Outlook For Gold, Silver & US Dollar Index: 30.11.2018

    GOLDWith the resistance-line of near-term symmetrical triangle restricting Gold’s repeated upside attempts, the $1217.50 and 100-day SMA level of $1211.00 may come back on the chart; though, formation-support, around $1203 can limit the quote’s additional declines. Should the Bullion drops beneath $1203 on a daily closing basis, the $1200, the

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  • Colin First
    Colin First

    Commodities Daily Forecast – November 30, 2018

    GoldThe gold market rallied slightly higher during the Thursday’s session reaching above the 50 Day EMA slope, which has been acting as a magnet line. Due to the presence of strong support levels, the market is likely to find enough buyers to push this market higher. If the market breaks

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Bullish Traders Looking for Next Catalyst

    Gold futures are trading slightly higher early Friday, but below yesterday’s high. The price action suggests the lack of buyers, or position-squaring in reaction to the Fed minutes which showed policymakers supported a December interest rate hike. A firmer U.S. Dollar is also keeping a lid on gold prices. Traders

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  • David Becker
    David Becker

    Gold Price Prediction – Prices Rally on Weak Claims Data but Fall Short of Resistance

    Gold prices moved higher on Thursday attempting to push above resistance. Softer than expected jobless claims took some of the luster out of the greenback, paving the way for higher gold prices. This comes on the heels of Wednesday speech by Fed chair Powell who relayed to the markets that

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets rally on Thursday

    Gold markets have rallied slightly during the trading session on Thursday, as we continue to bounce around the 50 day EMA. However, I see a significant amount of resistance above at the $1250 level, an area that I think will continue to be massive resistance. However, if we break above

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Underpinned by Weaker Dollar, Dropping Treasury Yields

    Gold futures are trading higher and in a position to challenge a one-week high on Thursday. The catalysts behind the strength are falling Treasury yields and a weaker U.S. Dollar. Helping to limit gains are increased demand for higher risk assets. Investors are continuing to respond to yesterday’s dovish message

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  • Lukman Otunuga
    Lukman Otunuga

    Dollar dives on Dovish Powell, Gold jumps

    Open your FXTM account todayBuying sentiment towards the Dollar imploded on Wednesday evening after dovish remarks from Federal Reserve Chairman Jerome Powell prompted investors to re-evaluate rate hike expectations.Powell’s comments that interest rates are “just below” the neutral range will most likely fuel speculation over the Fed taking a pause

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Fails to Break Out Despite Dovish Powell Commentary

    Gold prices whipsawed initially moving higher in the wake of the Fed Chairs Speech. Fed Chair Jerome Powell said that rates where just below the range of neutral, which there market took as a dovish sign. This helped the 2-year yield move backward, allowing the dollar to ease paving the

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets slightly negative for Wednesday

    Gold markets continue to be very noisy, as we had a slightly negative session on Wednesday. The uptrend line underneath should continue to offer support, and I think that the psychologically important $1200 level will as well. That being said, if we do break down below that level, then the

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – November 28, 2018 Forecast

    Gold futures are under pressure shortly after the regular session opening, but the market is trading inside yesterday’s range, suggesting investor indecision ahead of today’s U.S. GDP report and a speech by Fed Chair Jerome Powell at 1700 GMT. GDP is expected to come in at 3.6%, up slightly from

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Traders Eyeing Dollar, Powell’s Speech for Direction

    Gold prices are trading relatively flat shortly before the regular session opening on Wednesday. The price action may be related to position-squaring following yesterday’s steep decline. Traders continue to monitor the price action in the U.S. Dollar, equities and Treasurys for direction. Yesterday’s sell-off was in reaction to comments from

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  • Peter Bukov
    Peter Bukov

    Gold Consolidates, Volatility Expected to Pick Up

    The bullion has managed to stay above the key bullish trend line and also above the 100-day moving average for some days now, but it looks like gold lacks further momentum to push above the key resistance zone at around 1,240 USD.This week the preliminary GDP report for the third

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  • David Becker
    David Becker

    Natural Gas Price Prediction – Prices Trade Sideways but Momentum Turns Negative

    Natural gas prices moved sideways on Tuesday moving slightly lower after testing resistance. Colder than normal weather is forecast to cover most of the United States for the next 6-10 and 8-14 days which should increase heating demand. Inventory levels remain well below the 5-year average range and expectations are

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  • David Becker
    David Becker

    Gold Price Prediction – Prices Tumble Through Support Following Clarida Speech

    Gold prices moved lower on Tuesday edging slightly below support near the 50-day moving average at 1,214.  Prices where under pressure as the dollar gained traction again the Euro. As the dollar gained ground it generated headwinds for the yellow metal.  Fed Vice Chair Richard Clarida in a speech to

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to drag

    Gold markets initially tried to rally during the trading session on Tuesday but ran into a buzz saw of resistance at the $1225 level. This market continues to be very noisy based upon the US dollar, and of course fears of global growth. If global growth slows down, that tends

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – November 27, 2018 Forecast

    Gold is trading higher on Tuesday, shortly after the regular session opening. The market is once again mirroring the price action in the U.S. Dollar. The catalysts behind the price action are comments from President Trump regarding additional tariffs on China and ECB President Draghi’s negative comments on the Euro

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – FOMC Speakers Likely to Drive Price Action

    Gold is inching higher on Tuesday after early session weakness. The price action is being manipulated by the movement in the U.S. Dollar Index. This time, the dollar isn’t strengthening because of safe-haven buying or the threat of additional rate hikes by the Fed. It’s the weaker Euro that is

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  • Colin First
    Colin First

    Commodities Daily Forecast – November 27, 2018

    GoldThe gold prices moved very little during the Monday’s session, hovering around the $1225 level. The market is likely to consolidate further around this range between the $1200 and $1225 level. Also, the market is experiencing too much noise around the 50 Day EMA. If the market breaks above the

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Trades Sideways as Germany Begins to Slow

    Gold prices traded sideways edging slightly lower following the long Holiday weekend in the US.  The dollar gain traction against the Euro following a softer than expected German IFO report that weighed on the EUR/USD.  Yields in the US have been under pressure allowing the dollar to ease last week,

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