Gold 1 OZ (XAU=X) potentially bearish

Gold 1 OZ (XAU=X) potentially bearish

Gold futures posted a potentially bearish closing price reversal top last week. Although the chart pattern does not indicate a change in the main trend, it does signal that the selling is greater than the buying at current price levels. The catalyst behind the selling pressure was the stronger U.S. Dollar. A steep plunge in […]

ASX 200 Gold 1 OZ (XAU=X) miners have launched into all-time highs

ASX 200 Gold 1 OZ (XAU=X) miners have launched into all-time highs

ASX 200 Gold 1 OZ (XAU=X) miners have launched into all-time highs The ASX 200 gold miners have launched into all-time highs as the gold spot price has soared by more than US$250/oz since May. Coupled with the low interest rate environment and weak Australian dollar, gold producers are in a prime position to make […]

Gold 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming

Gold 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming

Gold 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming Gold prices have been trading sideways the past few days, in line with our gold price weekly trading forecast. But now that the Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming is here, all that could change. Speeches by various […]

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10 Technically, the gold bulls have the solid overall near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the August high of […]

Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields

Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields

Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day earlier, when a rally in the U.S. stock market prompted some settling in bullion. Gold for […]

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10 Technically, December gold futures prices closed near mid-range today. The bulls still have the solid overall near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. There are still no significant, early chart clues to suggest a market top is close at hand. Gold bulls’ […]

Gold 1 OZ (XAU=X) chart pattern suggests investor indecision and impending volatility

Gold 1 OZ (XAU=X) chart pattern suggests investor indecision and impending volatility

Gold 1 OZ (XAU=X) chart pattern suggests investor indecision and impending volatility Gold futures closed lower on Friday, and for a third session, traded inside the extremely wide, $57.20 range on August 13. Usually, this chart pattern suggests investor indecision and impending volatility. In this case, however, it could be a sign that momentum is […]

Gold 1 OZ (XAU=X) solid resistance at $1,600.00

Gold 1 OZ (XAU=X) solid resistance at $1,600.00

Gold 1 OZ (XAU=X) solid resistance at $1,600.00 Gold and silver prices are weaker in early U.S. trading Thursday. Some upbeat U.S. economic data has put some added downside pressure on the metals. The markets are also pausing to see how early trading unfolds in the U.S. stock market, following overnight developments on the U.S.-China trade war front. […]

Gold 1 OZ (XAU=X) solid resistance at $1,600.00

Gold 1 OZ (XAU=X) solid resistance at $1,600.00

Gold 1 OZ (XAU=X) solid resistance at $1,600.00 Technically, the gold bulls have the strong overall near-term technical advantage. A 10-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears’ next near-term downside price breakout objective […]

Gold 1 OZ (XAU=X) notching a six-year high

Gold 1 OZ (XAU=X) notching a six-year high

Gold 1 OZ (XAU=X) notching a six-year high Technically, the gold bulls have the strong overall near-term technical advantage. A 10-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears’ next near-term downside price breakout objective […]

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further Goldman Sachs Group upgraded its gold forecast for the first time this year, upping its 3-month and 6-month projections to $1,575 and $1,600 an ounce in light of escalating trade war tensions. Gold prices were solidly above $1,500 an ounce on Monday […]

Gold 1 OZ (XAU=X) solid resistance at $1,550.00

Gold 1 OZ (XAU=X) solid resistance at $1,550.00

Gold 1 OZ (XAU=X) solid resistance at $1,550.00 Gold prices are higher in early U.S. trading Friday, as traders and investors are uneasy again, and looking to the safe-haven metals for cover. December gold futures were last up $3.70 an ounce at 1,513.30. September Comex silver prices were last up $0.059 at $16.995 an ounce. Technically, the gold bulls have […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00 Technically, December gold futures prices closed nearer the session low. The bulls still have the strong overall near-term technical advantage. A nine-week-old uptrend is in place on the daily bar chart. There are still no early chart clues to suggest a market top is close at […]

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level Technically, December gold futures prices closed nearer the session high today. The bulls have the strong overall near-term technical advantage. A nine-week-old uptrend is in place on the daily bar chart. There are still no early chart clues to […]

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war Gold prices near steady and pausing in early U.S. trading Tuesday, after scoring another six-year high in overnight dealings. Safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war. December gold futures were last […]

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war Fear is surging through financial markets and investors are jumping into gold as the U.S.-China trade war has turned into a currency war. The next target for gold in this environment is clearly $1,500 an ounce, analysts […]

The Gold Report

The Gold Report

Shayne Heffernan takes a look at Gold Trading PREC.M.XAU= closed unchanged at 1,248.460. Volume was -0% below average (neutral) and Bollinger Bands were 38% narrower than normal. Open High Low Close Volume___ 1,243.1101,270.1001,242.5001,248.460 0 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,243.80 1,236.82 1,143.32 Volatility: […]