Gold (XAUUSD) Forecast, Page 1

Gold consolidates in a tight range

Based on the early price action and the current price at $1426.90, the direction of the August Comex gold futures contract into the close will likely be determined by trader reaction to the short-term uptrending Gann angle at $1423.50.

Gold markets continue to grind during the open on Monday, hanging just above the $1425 level. Because of this, I think that the market is going to be a bit hesitant to make a move, but we are most certainly in and uptrend overall.

There are no U.S. economic reports today and Federal Reserve members are in their quiet period so the price action in gold is likely to be event driven. Gold traders could be particularly sensitive to escalating tensions in the Middle East and the outcome of elections in the UK.

I have been going over the past data to attempt to identify future price targets and to help traders understand the true potential for the current precious metals price rally. A number of pricing dynamics are taking place throughout the global stock markets and the historical measures of price

The key event that will likely drive the price action in gold this week is the European Central Bank’s (ECB) monetary policy decision on July 25. This is because it will also impact the U.S. Dollar Index. Since gold is a dollar-denominated investment, its direction will be determined by the

The price action the last two sessions means that investors should look for heightened volatility from now until the Fed’s interest rate decision on July 31. The market should be especially sensitive to the ECB decision on July 25. If they are extremely aggressive then the Euro could plunge, the

Gold eases as geopolitical risks percolate

Gold bulls were in full control this week as prices jumped past $1450 for the first time since 2013.

Gold markets rallied significantly during the week, initially falling but then turning around to bounce from the $1400 level. That being said, the $1450 level continues offer resistance. We are testing the top of the market right now.

Gold markets have gapped higher during the trading session on Friday, shooting towards the $1450 level. That’s an area that should be massive resistance, but I do think that we break out above it given enough time.

What is the difference between a recession and a depression? When your neighbor loses their job, it’s a recession. When you lose your job, that’s a depression! Not funny? Do not worry, we won’t make more jokes. Instead, we’ll analyze a new, but very important and powerful recessionary indicator. We

Williams’s comments are underpinning gold prices, but gains are being tempered after a spokesperson for the New York Federal Reserve told CNBC, “This was an academic speech on 20 years of research. It was not about potential policy actions at the upcoming FOMC meeting.”

The President of the Federal Reserve Bank of New York (the most influential of the regional banks) noted on Thursday that policymakers should not wait for an economic disaster to hit before adding stimulus. Note that the comments of Fed members over the past two weeks have consistently strengthened confidence

Recently I have been trying to show all the different angles to look at and analyze the US stock market and the precious metals sector. At the end of this report, I will share with you several crucial angles and charts you must see for our self. There are

Manufacturing in June surged more than expected

Gold closes at 6-year high

Based on the early trade and the current price at $1430.60, the direction of the August Comex gold futures market the rest of the session on Thursday is likely to be determined by trader reaction to a pair of Gann angles at $1427.60 and $1426.90.

The delicate balance of forces at the Fed has been disturbed. The doves grew stronger recently, and with new governors coming, their strength may increase even further. Will gold warm up to them?

Gold markets pulled back a bit during the trading session on Thursday as we continue to see a lot of volatility. The area above the $1425 level continues to be difficult.