Gold (XAUUSD) Forecast, Page 1

  • Gold
    1222.4
    +0.1600(+0.0100%)
    17:32:18(GMT)|Real-Time Data
    • Open
      N/A
    • Day's Range
      1217.9 - 1223.8
    • Class
      commodities
    • Bid/Ask
      1222.2/1222.6
    • Symbol
      XAUUSD
    • Subclass / Sector
      Metals
  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets flat to kick off week

    Gold markets have stalled at the 50 day EMA, an area that of course would attract a lot of attention. There is also an uptrend line underneath, and if we break below that uptrend line, then I think the market probably goes down to the $1200 level, an area that

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – November 19, 2018 Forecast

    Gold is struggling on Monday shortly before the regular session opening. The move is a bit surprising because the U.S. Dollar is edging lower against a basket of currencies. Last week, gold closed higher in four out of five sessions after hitting its lowest level in a little more than

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Light Pre-Holiday Volume, Profit-Taking Weighing on Prices

    Gold futures are inching lower early Monday on low volume, following Friday’s strong surge. Traders are attributing the low volume to the lack of fresh economic data and the U.S. holiday-shortened week. Profit-taking is also weighing on the market after prices rose four-consecutive sessions last week. Underpinning the market is

  • Colin First
    Colin First

    Commodities Daily Forecast – November 19, 2018

    GoldThe gold prices bounced higher during the Friday’s trade session, reaching towards the $1220 level. The market has broken above the 50 Day EMA which a good sign but the $1250 level above continues to offer strong resistance. The $1200 level underneath, continues to offer strong support and if it

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Price Forecast – Technicals, Fundamentals Indicate Bullish Shift in Sentiment

    Gold futures may have formed a major bottom last week with the rally being fueled by a weaker U.S. Dollar. The technically bearish chart pattern formed by the dollar on the weekly chart suggests a major top may have been reached and this could trigger a strong surge in gold

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Secondary Higher Bottom at $1196.60 Signals Bullish Setup

    Gold futures spiked higher on Friday, helping the market solidify a strong weekly gain. The market was primarily supported by a weaker U.S. Dollar. The greenback’s weakness was driven by a surge in the Euro and somewhat dovish comments from a high-ranking U.S. Federal Reserve official.The Euro may have been

  • David Becker
    David Becker

    Gold Price Prediction – Gold Continues to Rebound Following Soft US Industrial Production

    Gold prices surged higher on Friday as the dollar eased against most major currencies. US yields continued to have difficulty breaking out despite a stronger than expected retail sales report on Thursday. Friday softer than expected industrial production, appears to be the catalyst that drove yields lower.Technical AnalysisGold prices surged

  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets bounced from the trendline

    Gold markets initially fell during the week but turned around to bounce from the $1200 level. By doing so, we ended up forming a bit of a hammer, which is a bullish sign. However, I think at this point we could reach towards the $1250 level. If we break above

  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to show signs of resiliency

    Gold markets bounced off a major trendline earlier in the week at the $1200 level. Because of this, I think the market is trying to recover a bit of bullish pressure, and the 50 day EMA has been broken to the upside. That’s a good sign, but the $1250 level

  • Anil Panchal
    Anil Panchal

    Technical Update For Gold, Silver & WTI Crude Oil: 16.11.2018

    GOLDHaving reversed from 200-week SMA, Gold couldn’t sustain its pullback & took another U-turn from $1196 targeting $1220; however, its further advances might again struggle to last long as 200-week SMA level of $1234.50 still stand strong to disappoint buyers. In case the bullion cross $1234.50 on a weekly closing

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Stronger Euro Should Weaken Dollar Index, Underpin Gold Prices

    Gold futures are edging higher on Friday, helped by a weaker U.S. Dollar, flat Treasury yields and a slight drop in demand of risky assets. After a nearly two week sell-off, gold is in a position to close higher for the week. The addition of a new higher bottom at

  • Colin First
    Colin First

    Commodities Daily Forecast – November 16, 2018

    GoldThe gold prices have slightly rallied higher during the Thursday’s session as the $1200 level underneath offering strong support to the market. The market for quite a some is consolidating between the $1400 to $1200 range, and if it breaks down below the $1175 level, then it could probably reach

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Closest Upside Target $1221.30, Nearest Downside Target $1206.60

    Gold prices are trading mixed early Friday with the U.S. Dollar continuing to influence its direction. Gold traders are trying to decide once again whether it is an investment or a safe-haven asset. Gold should weaken if it is treated like an investment because rising U.S. interest rates will make

  • David Becker
    David Becker

    Natural Gas Price Prediction – Prices Tumble From Overbought Condition

    Natural gas prices tumbled back to earn after rocketing higher on Wednesday. Prices closed near their lows dropping more than 18% and closing on the lows of the session. This comes following an inventory report from the Department of Energy which was in line with expectations. Rumors that hedge funds

  • David Becker
    David Becker

    Gold Price Prediction for November 15, 2018

    Gold prices continued to rebound on Thursday, buoyed by a dip in the US dollar. Despite a stronger than expected US retail sales report, yields eased allowing the dollar to decline paving the way for higher gold prices.  Inflation remains in check and came out on Wednesday in line with

  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets struggle at 50 EMA

    Gold markets have recently found an uptrend line that was supportive enough to push the market a little bit higher. The 50 EMA just above has offered resistance, but the support underneath at the $1200 level is crucial as well. If we can break down below the uptrend line, then

  • Colin First
    Colin First

    Commodities Daily Forecast – November 15, 2018

    GoldThe gold market went back and forth during the Wednesday’s session, using the support at $1200 level. If the market breaks below the $1200 level, it will be negative and could reach down towards the $1175, before bouncing higher. The strength in the USD will keep the market under pressure

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Gold Weakens as Dollar Rises after Brexit Resignation

    Gold is trading slightly better on Thursday shortly before the regular session opening, but retreating from its intraday high. The price action is being controlled by the direction of the U.S. Index and the greenback is being manipulated by the Euro. Treasury yields are dipping and stocks are trading flat.At

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Strengthens Over $1207.90, Weakens Under $1206.60

    A weaker U.S. Dollar is helping to support gold prices early Thursday. The dollar is being pressured by a stronger Euro. The single currency is garnering support from the news that Britain’s Prime Minister, Theresa May won cabinet approval for her draft Brexit plan, although there are still concerns over

  • David Becker
    David Becker

    Gold Price Prediction – Prices Rally as Yields Drop

     Gold prices rebounded on Wednesday as riskier assets continued to move lower and the dollar declined.  A stronger than expected CPI provided the back drop for lower yields which paved the way for lower gold prices.Technical AnalysisGold prices moved higher but rebounded from trend line support, recapturing the 50-day moving

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