Markets

Gold (XAUUSD) Forecast

1171.1
06:05:14(GMT)
-3.400
(-0.29%)*Daily Change
James Hyerczyk
4 hours ago

Comex Gold Futures (GC) Technical Analysis – December 8, 2016 Forecast

December Comex Gold futures are trading lower after the European Central Bank’s decision drove the Euro lower and the U.S. Dollar higher. The market is trading inside yesterday’s range which suggests investor indecision and impending volatility. Technical Analysis The main trend is down according to the daily swing chart. The market is far from turning … Continue reading Comex Gold Futures (GC) Technical Analysis – December 8, 2016 Forecast

David Becker
13 hours ago

Gold Price Prediction for December 8, 2016

Gold prices edged higher testing resistance near the 10-day moving average at 1,178.  U.S. yields were stable as stock prices surged, allowing gold to edge higher just above support near the December lows at 1,156.  With the dollar holding steady, gold prices have stopped accelerating lower. The RSI (relative strength index) has moved slightly higher … Continue reading Gold Price Prediction for December 8, 2016

Christopher Lewis
13 hours ago

Gold Prices December 8, 2016, Technical Analysis

Gold markets rallied on Wednesday, but quite frankly every time this market rises, I believe there is a good opportunity to start selling. An exhaustive candle above is a nice selling opportunity as far as I can see, as long as we can stay below the $1200 level. That area should continue to be massive … Continue reading Gold Prices December 8, 2016, Technical Analysis

James Hyerczyk
19 hours ago

Gold Fundamental Forecast – December 8, 2016

Gold traders ignored the sharp rise in U.S. equity prices on Wednesday and focused on the weaker U.S. Dollar ahead of Thursday’s European Central Bank meeting, helping to drive the market higher into the close. The move also suggests that next week’s Fed rate hike has already been priced into the market. February Comex Gold … Continue reading Gold Fundamental Forecast – December 8, 2016

James Hyerczyk
yesterday

Comex Gold Futures (GC) Technical Analysis – December 7, 2016 Forecast

February Comex Gold futures are drifting lower early Wednesday. The market is being pressured by a slightly better U.S. Dollar and firmer equity indexes. A weak dollar may underpin the market, but any gains will be limited by rising stock prices. Although the market is oversold according to many technical indicators, it is not likely … Continue reading Comex Gold Futures (GC) Technical Analysis – December 7, 2016 Forecast

David Becker
2 days ago

Gold Price Prediction for December 7, 2016

Gold prices continued to edge lower on Tuesday as a stronger than expected German Factory Orders buoyed yields paving the way for lower gold prices. Support on the yellow metal is seen near the July 2015 lows at 1,080.  Resistance is seen near the 10-day moving average at 1,180.  Gold prices remain oversold as the … Continue reading Gold Price Prediction for December 7, 2016

Christopher Lewis
2 days ago

Gold Prices December 7, 2016, Technical Analysis

Gold markets had a choppy yet unimpressive session on Tuesday as we continue to hang at lower levels. Break down below the bottom of the Monday handled continues the downward pressure, but quite frankly I feel that every time we rally there is a good chance that an exhaustive candle forms that we can search … Continue reading Gold Prices December 7, 2016, Technical Analysis

James Hyerczyk
2 days ago

Gold Fundamental Forecast – December 7, 2016

Gold futures traded lower on Tuesday, but the market saw limited price action, probably due to position-squaring after Monday’s volatile two-sided trading session. The dollar-denominated asset was likely underpinned by the weaker U.S. Dollar, but the upside may have been limited by firm U.S. Treasury yields and rising equity indexes. February Comex Gold futures finished … Continue reading Gold Fundamental Forecast – December 7, 2016

James Hyerczyk
2 days ago

Comex Gold Futures (GC) Technical Analysis – December 6, 2016 Forecast

February Comex Gold futures are trading flat shortly before the regular session opening. Like the Euro and the U.S. Dollar Index, gold is trading inside the previous day’s range. This indicate investor indecision and impending volatility. Sellers could have crushed gold on Monday since there is so much room to the downside. However, the price … Continue reading Comex Gold Futures (GC) Technical Analysis – December 6, 2016 Forecast

David Becker
3 days ago

Gold Price Prediction for December 6, 2016

Gold prices hit a fresh 10-month low but closed well off session lows.  The weakness in the dollar on Monday helped buoy the yellow metal.  Resistance is seen near the 10-day moving average at 1,184.  Support on gold prices is seen near the June lows at 1,076. Monday’s softer than expected EU services PMI was … Continue reading Gold Price Prediction for December 6, 2016

Christopher Lewis
3 days ago

Gold Forecast December 6, 2016, Technical Analysis

Gold markets fell on Monday, after initially trying to rally at the open. A turnaround against the initial move continues the longer-term downtrend. The market seems to be testing the $1150 level below, and quite frankly I feel that every time we rally the sellers will come back as the real support can be found … Continue reading Gold Forecast December 6, 2016, Technical Analysis

James Hyerczyk
3 days ago

Gold Fundamental Forecast – December 6, 2016

Confusion over the outcome of the Italian Referendum helped trigger a volatile two-sided trade in the gold market on Monday. Shortly after the opening, buyers came in to support gold because of political uncertainty and a steep drop in the Euro. However, a gap higher opening by the U.S. Dollar encouraged nervous longs to exit … Continue reading Gold Fundamental Forecast – December 6, 2016

James Hyerczyk
3 days ago

February Gold Monthly Technical Analysis for December 2016

February Comex Gold futures closed sharply lower in November as long-term investors aggressively shed positions in reaction to rapidly rising Treasury yields, a rally by the U.S. Dollar Index to its highest level since 2003 and new all-time highs in the three major U.S. stock indexes. The February futures contract closed the month at $1173.90, … Continue reading February Gold Monthly Technical Analysis for December 2016

James Hyerczyk
3 days ago

Gold Fundamental Analysis – Forecast for December 2016

Gold futures plunged in November as stock market investors reacted positively to the surprise election of Donald Trump as president of the United States. Stock investors liked his plans to rebuild the infrastructure of the U.S., modify the tax code, and protect American workers and industry. Investors bought stocks with both hands, driving the major … Continue reading Gold Fundamental Analysis – Forecast for December 2016

James Hyerczyk
3 days ago

Comex Gold Futures (GC) Technical Analysis – December 5, 2016 Forecast

February Comex Gold futures are trading lower early in the session. The market surged shortly after the opening in reaction to the news regarding the Italian Referendum that led to resignation of the country’s prime minister. However, the move came to an end after the U.S. Dollar gapped on the opening. Technical Analysis The main … Continue reading Comex Gold Futures (GC) Technical Analysis – December 5, 2016 Forecast

James Hyerczyk
4 days ago

Gold Fundamental Forecast – December 5, 2016

Gold futures firmed on Friday after the release of the U.S. Non-Farm Payrolls report. The mixed report was not well-received by Treasury traders, suggesting that perhaps the Fed may have a limited number of rate hikes in 2017. In the report, the headline number came in as expected at 178K. Average hourly earnings, however, missed … Continue reading Gold Fundamental Forecast – December 5, 2016

James Hyerczyk
5 days ago

Gold Fundamental Analysis – Forecast for the Week of December 5, 2016

Gold futures closed lower last week primarily in reaction to rising U.S. Treasury yields. A decline in the U.S. Dollar and generally weaker U.S. equity markets may have helped underpin the market at times, preventing a complete breakdown in prices. February Comex Gold futures closed at $1177.80, down $3.20 or 0.27%. Strong U.S. economic data … Continue reading Gold Fundamental Analysis – Forecast for the Week of December 5, 2016

David Becker
6 days ago

Gold Price Prediction for December 05, 2016

Gold prices consolidated holding support levels and unable to make a fresh low for December, as the dollar lost ground following a in line employment report released on Friday.  Yields edged lower allowing the greenback to ease, paving the way for gold to edge higher.  Resistance on the yellow metal is seen near the 10-day … Continue reading Gold Price Prediction for December 05, 2016

Christopher Lewis
6 days ago

Gold forecast for the week of December 5, 2016, Technical Analysis

The gold markets went back and forth during the week, testing the 1160 level on the bottom, and the 1200 level on the top. Ultimately, we ended up forming a negative candle and as a result I believe that the sellers will continue to pushes market lower. Currently, I believe that we’re going to reach … Continue reading Gold forecast for the week of December 5, 2016, Technical Analysis

Christopher Lewis
6 days ago

Gold Prices December 5, 2016, Technical Analysis

Gold markets had a choppy day on Friday, after the jobs number came out not only as expected as far as the addition of jobs, but came out a bit underwhelming as far as wage gains were a mere 0.1% for the month of November. Because of this, I believe that we could get a … Continue reading Gold Prices December 5, 2016, Technical Analysis

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