Gold (XAUUSD) Forecast, Page 1

  • Gold
    1231.8
    +8.6600(+0.7100%)
    12:29:43(GMT)|Real-Time Data, Currency in
    • Open
      N/A
      Bid/Ask
      1231.5/1232.0
    • Day's Range
      1215.4 - 1232.0
      Symbol
      XAUUSD
    • Class
      commodities
  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Weekly Forecast – Plunge in Dollar Could Be Catalyst for Price Surge

    Gold futures closed lower last week, but far enough off its low to perhaps warrant some concern from short-sellers. Once again, the key driver of the price action this week will be the U.S. Dollar.The dollar closed lower last week against a basket of currencies after reaching a one-year high.

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Trading on Weak Side of Long-Term Fib Level at $1250.00

    Gold futures finished lower last week after hitting its lowest level since the week-ending January 13, 2017.December Comex Gold futures settled at $1240.40, down $11.50 or -0.92%.The price action was primarily driven by the movement in the U.S. Dollar. The Greenback was pushed higher by hawkish testimony before Congress by

  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets looking for support

    We’ll markets initially fell during the week but found enough support near the $1215 level to turn around and form a candle that could be loosely translated as a hammer. That’s a good sign, and quite frankly the gold market is oversold so it would not surprise me at all

  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets rally after Trump comments

    Gold markets spend most of the day rallying on Friday, and then got a boost after Donald Trump suggested that the Federal Reserve should keep its interest rates lower, sending the US dollar lower in general. However, that comment has been quickly rebuked by Federal Reserve members, and therefore I

  • David Becker
    David Becker

    Gold Price Prediction – Gold Rebounds Following Trump Commentary on the Dollar and Rates

    The dollar moved lower following commentary from President Donald Trump who did and interview and a follow up tweet describing his displeasure with the rise in interest rates, along with the rise in the dollar. This helped gold prices gain a foot hold and move higher. Gold prices were unable

  • Anil Panchal
    Anil Panchal

    Technical Update For Gold, Silver & WTI Crude Oil: 20.07.2018

    GOLDIn addition to its break of an upward slanting trend-line ranging since late-2015, the Gold also dipped beneath the 200-week SMA, which in-turn signal brighter chances of its further downturn to $1200 round-figure if prices close below $1234-40 region including aforementioned catalysts. Should the sellers refrain to respect the $1200

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Weaker Dollar Encouraging Short-Covering and Profit-Taking

    Gold is trading nearly unchanged as we approach the regular session opening. The market is trading inside yesterday’s range which indicates investor indecision and impending volatility. It’s also clawing back an early loss which suggests speculators and profit-takers may be betting on a further decline in the U.S. Dollar.At 0946

  • Colin First
    Colin First

    Commodities Daily Forecast – July 20, 2018

    GoldThe gold prices continued to remain weak in the Thursday’s session, losing close to 1 per cent of the value. The market has a major support at the $1200 level and it is expected that buyers will try to pull the market higher from there. Right now, the market will

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Could Spike Higher if Dollar Index Spikes Lower

    Gold futures are trading slightly lower early Friday, while posting an inside move. The chart pattern suggests investor indecision and impending volatility. The direction of the U.S. Dollar will determine the next major move in gold. The Greenback fell on Thursday after hitting a new high against a basket of

  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets fall against the US dollar

    Gold markets have fallen again during the trading session, losing 0.8% by the time I got to this article. I think that the market has a major amount of support near the $1200 level though, and it’s likely that a certain amount of buying opportunities will present themselves below. In

  • David Becker
    David Becker

    Gold Price Prediction – Gold Drops and then Pops Following Trump Comments

    Gold prices tumbled but closed off the lows of the session following news that Donald Trump said he hoped the Federal Reserve would not raise interest rates.  Initially the yellow metal was on the defensive as stronger than expected jobless claims and a robust Philly Fed survey buoyed the greenback

  • Colin First
    Colin First

    Commodities Daily Forecast – July 19, 2018

    GoldThe gold prices drifted lower during the yesterday’s session slicing through the $1225 level. The market is currently testing the $1222 level for support and if it breaks further from here, then the market will unwind from here rapidly to the $1200 level. A break above $1,230 level will eventually

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Gold Investors Could Feel Major Pain if Dollar Index Blows Through June Top

    Gold futures are trading lower shortly before Thursday’s regular session opening. Buyers tried to fuel the start of a short-covering rally on Wednesday, but there was no follow-through rally earlier today and they threw in the towel.This has allowed short-sellers to regain control. They drove the market through yesterday’s low,

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Lower Unless Buyers Can Take Out $1229.10 to Confirm Reversal Bottom

    Gold futures are trading lower early Thursday. A recovery in the U.S. Dollar is helping to pressure prices. The inability to follow-through to the upside after yesterday’s technical closing price reversal bottom is also weighing on prices.At 0624 GMT, August Comex gold futures are trading $1222.20, down $5.70 or -0.46%.Daily

  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold trying to find a bottom

    The Gold markets have drifted lower during the trading session on Wednesday, testing the $1222 level. We bounced from there to reach towards the $1225 level after that, which is an area that has been supported and resistance occasionally on longer-term charts. The $1200 level underneath is significant support as

  • David Becker
    David Becker

    Gold Price Prediction – Gold Forms a Doji Day Following Weak Housing Data

    Gold prices rebounded from session lows following the softer than expected U.S. housing starts data which knocked down the dollar and paved the way for a rebound in the yellow metal. Gold prices formed a doji day with a long tail, which is generally a sign of indecision, but the

  • James Hyerczyk
    James Hyerczyk

    Price of Gold Fundamental Daily Forecast – Long Liquidation, New Short-Selling Ahead of Second Day of Powell Testimony

    Gold futures are plunging for a second day on Wednesday with the selling being fueled by a stronger U.S. Dollar, increased appetite for risk and a hawkish outlook for U.S. interest rates.At 0902 GMT, August Comex gold futures are trading $1222.10, down $5.30 or -0.42%.The catalyst behind the selling pressure

  • Colin First
    Colin First

    Commodities Daily Forecast – July 18, 2018

    GoldThe gold market has broken down significantly during the yesterday’s session, slicing through the $1230 level. The market has a significant support at the $1225 level and if it breaks this level, then the gold prices are likely to break down towards the $1200 level. The market in the short

  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Hawkish Fed Driving Prices Lower; Could Be Big Sell Stops Under $1217.20

    Hawkish testimony before Congress from U.S. Federal Reserve Chairman Jerome Powell on Tuesday helped boost the U.S. Dollar and demand for risky assets, while driving gold prices to their lowest level since the week-ending February 3, 2017.On Tuesday, August Comex gold futures settled at $1227.30, down $12.40 or -1.01%.Powell stayed

  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold breaks down against US dollar strength

    Gold markets have broken down somewhat significantly during the trading session on Tuesday, breaking below the $1230 level. This market does have a significant amount of support at the $1225 level just below, and even more support at the $1200 level after that. With the US dollar gain the way

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Gold
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