Forecasts & Analysis | Gold, Page 5

  • 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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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets quiet to start the week

    Gold markets did very little on Monday as we continue to dance around the $1225 level. It’s essentially the middle of the overall consolidation area between the $1200 level underneath, as well as the $1250 level above. As we dance around the $1225 level, we are also dancing around the

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Supported by Fear of Slowdown in Global Economic Growth

    Gold futures are trading higher on Monday shortly before the regular session opening. The market is being supported by fears of a slowdown in global economic growth which could curtail central bank attempts to raise rates, especially the U.S. Federal Reserve. Uncertainty over trade dispute discussions between the United States

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  • Colin First
    Colin First

    Commodities Daily Forecast – November 26, 2018

    GoldThe gold prices went back and forth during Friday’s session, hovering around the $1220 level which is also crossing the 50 Day EMA line. This line is basically acting as a magnet for the gold prices, and if it manages to stay above this line, it will continue to attract

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Buyers Could Take Run at $1246.00 This Week

    Gold is trading slightly better early Monday. A weaker U.S. Dollar is helping to underpin the market. The dollar is drifting lower because of higher equity markets. Traders who bought the dollar last week as a safe-haven asset are booking profits and squaring positions, making gold a more desirable asset.At

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  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Price Forecast – Bulls Need Dovish Fed Minutes to Sustain Upside Bias

    Gold futures finished nearly flat last week as investors renewed their struggle with the U.S. Dollar. The week started out promising for gold bulls as investors reacted to a weaker dollar. The greenback was driven lower by speculators betting on dampening inflation concerns and somewhat dovish comments from Fed officials

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  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Short-Term Bullish Over $1222.70, Short-Term Bearish Under $1221.30

    December Comex Gold futures fell on Friday after a sharp break in the Euro helped shift momentum in the U.S. Dollar back to the upside. This hurt foreign demand for dollar-denominated gold. The catalyst behind the selling in the Euro was a series of weaker than expected Euro Zone PMI

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets fail to rally

    Gold markets rallied a bit during the trading sessions that make up the weekly candle but gave back most of the gains. The shooting star like candle suggests that we are probably going to try to rollover, and the bearish flag that I have marked on the chart signifies that

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets steady on Friday

    Gold markets went back and forth during the trading session on Friday, as market participants were probably thinking more about the weekend than putting fresh money to work. I believe that the uptrend line underneath continues offer support, just as the $1200 level will. If we were able to break

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Slips Following Soft EU PMI Data

    Gold prices moved lower on Friday in light trade, following the US Thanksgiving Day holiday.  Gold was capped by a rebound in the dollar, as softer than expected European PMI data weighed on the Euro. Gold has reached a critical resistance point, as the dollar has weakened given recent soft

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