Gold 1 OZ (XAU=X) Investors Remain On Edge

Gold 1 OZ (XAU=X) Investors Remain On Edge

Gold 1 OZ (XAU=X) Investors Remain On Edge Gold prices are now posting double-digit gains and are near daily highs in late-morning action Thursday. Safe-haven demand is featured in gold, and to a lesser degree in silver, as the U.S. and world stock markets see selling pressure due to renewed U.S.-China trade worries and by […]

Gold 1 OZ (XAU=X) eyes a cluster of support

Gold 1 OZ (XAU=X) eyes a cluster of support

Gold 1 OZ (XAU=X) eyes a cluster of support The sell-off on gold continues with the precious metal down around $30 in less than a week. Gold is under pressure from a resurgent US dollar, buoyed by last Friday’s Uni of Michigan data which smashed expectations and hit a multi-year high. The important 61.8% Fibonacci […]

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play

Gold 1 OZ (XAU=X) break through $1,280 brings $1,240 -$1,220 into play After Monday’s short-covering rally, which caught many off guard, gold reached resistance and has been coming down ever since. Once again, gold is getting close to a decision point and a break through $1,280 brings $1,240 -$1,220 into play. The current direction in […]

Gold 1 OZ (XAU=X) consolidation at $1,300

Gold 1 OZ (XAU=X) consolidation at $1,300

Gold 1 OZ (XAU=X) consolidation at $1,300 The upward movement of gold paused when it tested the $1,300 resistance. At the current time, the price is in consolidation mode and hovering near the resistance. We expect the precious metal to bounce up and down near $1,300 until breakout happens. If gold could move down and […]

Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300

Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300

Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300 Gold prices finished modestly higher Wednesday, although remained below the psychologically significant price of $1,300, as benchmark U.S. stock indexes shook off earlier losses to move up by the time gold futures settled. The precious metal saw support “as tensions increased with Iran, […]

Gold 1 OZ (XAU=X) bulls in a much better technical posture

Gold 1 OZ (XAU=X) bulls in a much better technical posture

Gold 1 OZ (XAU=X) bulls in a much better technical posture Gold prices are slightly lower in early-morning U.S. trading Tuesday. Prices did poke to a four-week high overnight. The yellow metal is seeing a normal corrective pullback following Monday’s good gains, which put the bulls in a much better technical posture. June gold futures […]

Gold 1 OZ (XAU=X) fell as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan

Gold 1 OZ (XAU=X) fell as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan

Gold 1 OZ (XAU=X) fell as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan Gold prices fell on Monday as Sino-U.S. trade tensions and uncertainty over a deal weighed on yuan, making bullion expensive for buyers in world’s largest consumer – China. Spot gold was down 0.3% at $1,282.78 per ounce, as […]

Gold 1 OZ (XAU=X) Buy on Dips

Gold 1 OZ (XAU=X) Buy on Dips

Gold 1 OZ (XAU=X) Buy on Dips Overall, the bias in prices is: Sideways. The projected upper bound is: 1,305.84. The projected lower bound is: 1,264.28. The projected closing price is: 1,285.06. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles […]

Gold 1 OZ (XAU=X) some safe-haven demand is featured today as the U.S. stock market is selling off

Gold 1 OZ (XAU=X) some safe-haven demand is featured today as the U.S. stock market is selling off

Gold 1 OZ (XAU=X) some safe-haven demand is featured today as the U.S. stock market is selling off Gold prices are moderately up and have hit daily highs in late-morning action Thursday. Some safe-haven demand is featured today as the U.S. stock market is selling off again, with the major indexes hitting multi-week lows. U.S.-China […]

Gold 1 OZ (XAU=X) pushing prices below solid technical support at $1,250.00

Gold 1 OZ (XAU=X) pushing prices below solid technical support at $1,250.00

Gold 1 OZ (XAU=X) pushing prices below solid technical support at $1,250.00 Gold prices are trading slightly down in early-morning U.S. trading Monday. The safe-haven metals bulls are perplexed that gold and silver prices have not received a good bid from fresh geopolitical developments that have tanked world stock markets today. June gold futures were last down $1.10 […]

Gold 1 OZ (XAU=X) prices idle as FOMC, US jobs data offer divergent drivers

Gold 1 OZ (XAU=X) prices idle as FOMC, US jobs data offer divergent drivers

Gold 1 OZ (XAU=X) prices idle as FOMC, US jobs data offer divergent drivers Gold prices struggled for direction last week, torn between competing influences from the FOMC monetary policy announcement and April’s US jobs report. The former sent prices lower as Chair Powell signaled the central bank’s outlook is firmly set at “neutral”, pushing […]

Gold 1 OZ (XAU=X) jumped to a two-week high, after American Dollar had stumbled following release of soft economic data

Gold 1 OZ (XAU=X) jumped to a two-week high, after American Dollar had stumbled following release of soft economic data

Gold 1 OZ (XAU=X) jumped to a two-week high, after American Dollar had stumbled following release of soft economic data Spot gold price jumped to a two-week high, after American Dollar had stumbled following release of soft economic data despite a roaring quarterly growth on its gross domestic product. Gold for immediate selling had rounded off […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bears have the overall near-term technical advantage. A two-month-old downtrend line is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,300.00 Technically, June gold futures prices closed near mid-range today. The bears have the overall near-term technical advantage. A two-month-old downtrend line on the daily bar chart is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance […]

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates Investors continue to cut their exposure to gold. Speculators switched to a net short position in COMEX gold in the week to April 16, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Also, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bears have the overall near-term technical advantage. A downtrend line is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in June futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective is pushing […]

Gold 1 OZ (XAU=X) large speculators upped their bullish positioning

Gold 1 OZ (XAU=X) large speculators upped their bullish positioning

Gold 1 OZ (XAU=X) large speculators upped their bullish positioning Large speculators upped their bullish positioning in gold futures – although likely only temporarily — during the most recent reporting week for data compiled by the Commodity Futures Trading Commission. However, these accounts may well have cut their bullish posture since then, as gold prices […]

Gold 1 OZ (XAU=X) gaining further support from higher oil prices

Gold 1 OZ (XAU=X) gaining further support from higher oil prices

Gold 1 OZ (XAU=X) gaining further support from higher oil prices Gold prices rose on Tuesday and were hovering close to their highest in more than a week touched in the previous session as the dollar eased on weak U.S. economic data, with the metal gaining further support from higher oil prices. Spot gold was up 0.3 percent at $1,300.47 […]

Gold 1 OZ (XAU=X) investors awaited minutes of the U.S. Federal Reserve’s March meeting

Gold 1 OZ (XAU=X) investors awaited minutes of the U.S. Federal Reserve’s March meeting

Gold 1 OZ (XAU=X) investors awaited minutes of the U.S. Federal Reserve’s March meeting Though employment growth accelerated from a 17-month low in March, data on Friday showed slowdown in wage growth and job cuts in the manufacturing sector, the first decline in factory payrolls since July 2017. The moderation in wage growth supported the […]

Gold 1 OZ (XAU=X) market watchers are looking ahead to the U.S. Labor Department’s employment report for March

Gold 1 OZ (XAU=X) market watchers are looking ahead to the U.S. Labor Department’s employment report for March

Gold 1 OZ (XAU=X) market watchers are looking ahead to the U.S. Labor Department’s employment report for March Market watchers are looking ahead to the U.S. Labor Department’s employment report for March, which is due out Friday morning. It’s arguably the most important economic data point of the month. The key non-farm payrolls number in […]

Gold 1 OZ (XAU=X) likely to be influenced by a slew of major U.S. economic data

Gold 1 OZ (XAU=X) likely to be influenced by a slew of major U.S. economic data

Gold 1 OZ (XAU=X) likely to be influenced by a slew of major U.S. economic data This week the price action in gold is likely to be influenced by a slew of major U.S. economic data including Retail Sales, ISM Manufacturing PMI and Durable Goods. However, the major market moving event this week is likely […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,331.10

Gold 1 OZ (XAU=X) solid technical resistance at $1,331.10

Gold 1 OZ (XAU=X) solid technical resistance at $1,331.10 Technically, April gold futures prices closed nearer the session low. The bulls still have the firm overall near-term technical advantage. A three-week-old uptrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid […]

Gold 1 OZ (XAU=X) seeing some profit taking after hitting a 4-week high

Gold 1 OZ (XAU=X) seeing some profit taking after hitting a 4-week high

Gold 1 OZ (XAU=X) seeing some profit taking after hitting a 4-week high Gold remain under pressure Tuesday even as the U.S. housing sector continues to drag on economic growth. The Commerce Department’s latest report showed that U.S. housing starts fell 8.7% in to a seasonally adjusted annual rate of 1.162 million units in February. […]

Gold 1 OZ (XAU=X) prices rise as the euro zone exacerbates fears of a global slowdown

Gold 1 OZ (XAU=X) prices rise as the euro zone exacerbates fears of a global slowdown

Gold 1 OZ (XAU=X) prices rise as the euro zone exacerbates fears of a global slowdown Gold prices are up as weak economic data from the euro zone exacerbates fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months. Spot gold climbed about […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,330.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,330.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,330.00 Technically, April gold futures bulls have the overall near-term technical advantage. A three-week-old uptrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,330.00. Bears’ next near-term downside price […]

Gold 1 OZ (XAU=X) rallies on slower US growth forecast

Gold 1 OZ (XAU=X) rallies on slower US growth forecast

Gold 1 OZ (XAU=X) rallies on slower US growth forecast Gold prices moved higher on Tuesday, as the dollar weakened despite rising US yields. The EUR/USD whipsawed higher, despite a mixed ZEW survey which showed that future conditions are expected to get better. The CNBC Fed survey for March shows weaker global growth pointing to […]

Gold 1 OZ (XAU=X) higher as investors respond to a slightly weaker U.S. Dollar

Gold 1 OZ (XAU=X) higher as investors respond to a slightly weaker U.S. Dollar

Gold 1 OZ (XAU=X) higher as investors respond to a slightly weaker U.S. Dollar Gold futures are trading marginally higher on Monday as investors respond to a slightly weaker U.S. Dollar. Volume is low, however, as many major players are taking to the sidelines ahead of the start of the Fed’s two-day meeting which begins […]

Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60

Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60

Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60 Gold futures closed higher last week, confirming the previous week’s closing price reversal bottom. The market was driven higher by a drop in U.S. Treasury yields. This move made the U.S. Dollar a less-desirable investment, while […]

Geopolitics lifts Gold 1 OZ (XAU=X) prices

Geopolitics lifts Gold 1 OZ (XAU=X) prices

Geopolitics lifts Gold 1 OZ (XAU=X) prices Gold prices moved higher on Thursday pushing through resistance which is now support seen near the 50-day moving average at 1,303. Additional support is seen near the 10-day moving average at 1,295. Resistance is seen near a downward sloping trend line that connects the highs in April of […]

Gold 1 OZ (XAU=X) All Signs Point To Higher

Gold 1 OZ (XAU=X) All Signs Point To Higher

Gold 1 OZ (XAU=X) All Signs Point To Higher Current monetary policies have made the precious metals a more attractive investment option, said Alain Corbani, head of commodities at Finance SA. “My bet, and so far it has been the safest, is to follow what the Fed is saying. So, basically they are saying ‘we […]

Gold 1 OZ (XAU=X) Strong Dollar Drives Prices Lower

Gold 1 OZ (XAU=X) Strong Dollar Drives Prices Lower

Gold 1 OZ (XAU=X) Strong Dollar Drives Prices Lower A stronger U.S. Dollar kept a lid on gold prices most of the week as investors responded to dovish announcements from major central banks including the Bank of Canada and the European Central Bank. In the Euro Zone on Thursday, European Central Bank President Mario Draghi said the European economy […]

Gold 1 OZ (XAU=X) ECB slashed its 2019 growth and inflation forecasts and lowered those for 2020

Gold 1 OZ (XAU=X) ECB slashed its 2019 growth and inflation forecasts and lowered those for 2020

Gold 1 OZ (XAU=X) ECB slashed its 2019 growth and inflation forecasts and lowered those for 2020 Gold edged lower overnight, holding near a multi-week low as the US dollar gained against the euro after the European Central Bank postponed an interest rate hike, but the bank’s gloomy economic outlook limited the metal’s fall. Spot […]

Gold 1 OZ (XAU=X) gold dropped below $US1,300 an ounce hurt by a robust US dollar

Gold 1 OZ (XAU=X) gold dropped below $US1,300 an ounce hurt by a robust US dollar

Gold 1 OZ (XAU=X) gold dropped below $US1,300 an ounce hurt by a robust US dollar Gold prices slipped overnight to their lowest in more than five weeks as the US dollar rose on stronger than expected economic data and rising US Treasury yields. Spot gold was down 0.1 per cent at $US1,285.57 per ounce. […]

Gold 1 OZ (XAU=X) geopolitical events to continue dictating price momentum

Gold 1 OZ (XAU=X) geopolitical events to continue dictating price momentum

Gold 1 OZ (XAU=X) geopolitical events to continue dictating price momentum The price action of gold in the global market was well within my previous monthly forecast despite spot gold closing for the month of February on a dovish note. In my forecast for February, I had mentioned that the price action of gold is going […]

Gold 1 OZ (XAU=X) market has been grinding higher

Gold 1 OZ (XAU=X) market has been grinding higher

Gold 1 OZ (XAU=X) market has been grinding higher Gold markets are pulling back a bit during the trading session on Wednesday, reaching towards the $1325 level. If that level can hold, then a bounce back towards the $1350 level could happen. However, I see even more support underneath based upon the trend line, and of […]

Gold 1 OZ (XAU=X) solid resistance at $1,350.00

Gold 1 OZ (XAU=X) solid resistance at $1,350.00

Gold 1 OZ (XAU=X) solid resistance at $1,350.00 Technically, the April gold bulls have the firm overall near-term technical advantage. Prices are in a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $1,350.00. Bears’ next near-term downside price breakout […]

Gold 1 OZ (XAU=X) Momentum Turns Positive

Gold 1 OZ (XAU=X) Momentum Turns Positive

Gold 1 OZ (XAU=X) Momentum Turns Positive Gold prices broke out above resistance which is now seen as support near the January highs at 1,326.  Support below that level is seen near the 5-day moving average at 1,321 and the 20-day moving average at 1,310. Target resistance is seen near the 2018 highs near 1,365. […]

Gold 1 OZ (XAU=X) Holding Gains Following Rise In Empire State Manufacturing Survey

Gold 1 OZ (XAU=X) Holding Gains Following Rise In Empire State Manufacturing Survey

Gold 1 OZ (XAU=X) Holding Gains Following Rise In Empire State Manufacturing Survey The New York region’s manufacturing sector found new momentum in February, according to the latest data from the New York Federal Reserve. The gold market is seeing little reaction to a rise in the New York Federal Reserve’s Empire State manufacturing survey’s […]

Gold 1 OZ (XAU=X) slight retreat in the US dollar

Gold 1 OZ (XAU=X) slight retreat in the US dollar

Gold 1 OZ (XAU=X) slight retreat in the US dollar Gold prices edged higher overnight, buoyed by a slight retreat in the US dollar amid optimism about a potential resolution of the US-China trade conflict. Spot gold was up 0.2 per cent at $US1,310.95 an ounce, having declined 0.4 per cent in the previous session. […]

Gold 1 OZ (XAU=X) 2.5-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) 2.5-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) 2.5-month-old price uptrend is still in place Technically, April gold futures prices closed nearer the session high low today. The bulls still have the overall near-term technical advantage. A 2.5-month-old price uptrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]

Gold 1 OZ (XAU=X) will continue to shine amid a weak dollar

Gold 1 OZ (XAU=X) will continue to shine amid a weak dollar

Gold 1 OZ (XAU=X) will continue to shine amid a weak dollar Gold prices held steady on Monday, supported by uncertainties around Sino-U.S. trade war and concerns of slowing global economic growth, while a strong dollar weighed on the precious metal. Spot gold was steady at $1,313 per ounce at 0059 GMT. U.S. gold futures were […]

Gold 1 OZ (XAU=X) not surprising that gold ETFs have seen four straight months of net inflows

Gold 1 OZ (XAU=X) not surprising that gold ETFs have seen four straight months of net inflows

Gold 1 OZ (XAU=X) not surprising that gold ETFs have seen four straight months of net inflows Wobbly stock prices are sending many panicked people running scared for gold, sending prices for the yellow metal soaring. Savvy investors should follow suit. The World Gold Council recently reported that investors sank $3.1 billion into gold-backed exchange-traded funds for […]

Gold 1 OZ (XAU=X) Heffx Technical Analysis

Gold 1 OZ (XAU=X) Heffx Technical Analysis

Gold 1 OZ (XAU=X) Heffx Technical Analysis Gold and silver prices are trading near stead in early-afternoon U.S. trading Thursday. Prices are well off their daily lows as the U.S. dollar index has backed down from its daily high. Still, the greenback has rallied strongly this week and hit a four-week high overnight. Combined with sharply lower crude […]

Gold 1 OZ (XAU=X) Uptrend Above $1,300

Gold 1 OZ (XAU=X) Uptrend Above $1,300

Gold 1 OZ (XAU=X) Uptrend Above $1,300 During the past few days, there was a solid rise in gold price above the $1,295 resistance against the US Dollar. The price surpassed the $1,300 and $1,320 resistance levels before starting a downside correction. The 4-hour chart of XAU/USD indicates that the price traded as high as […]

Gold 1 OZ (XAU=X) fall in thin trade as risk aversion recedes

Gold 1 OZ (XAU=X) fall in thin trade as risk aversion recedes

Gold 1 OZ (XAU=X) fall in thin trade as risk aversion recedes Gold prices slipped on Monday as risk aversion waned with the progress in U.S.-China trade talks, while a firm dollar kept the bullion under pressure. Spot gold was down 0.4 percent to $1,312.56 per ounce as of 0455 GMT, having hit their highest since […]

Gold 1 OZ (XAU=X) buying support from a more dovish U.S. Federal Reserve

Gold 1 OZ (XAU=X) buying support from a more dovish U.S. Federal Reserve

Gold 1 OZ (XAU=X) buying support from a more dovish U.S. Federal Reserve Technically, the gold bulls have the firm overall near-term technical advantage and have gained power this week. Prices are in a 2.5-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in February futures above […]

Gold 1 OZ (XAU=X) gaining power this week

Gold 1 OZ (XAU=X) gaining power this week

Gold 1 OZ (XAU=X) gaining power this week The economic highlight at mid-week is the Federal Reserve’s Open Market Committee (FOMC) meeting that began on Tuesday morning and ends Wednesday afternoon with a statement on monetary policy. No change in monetary policy is expected. However, traders want to know if the Fed today will tip […]

Gold 1 OZ (XAU=X) needs to show fresh power soon

Gold 1 OZ (XAU=X) needs to show fresh power soon

Gold 1 OZ (XAU=X) needs to show fresh power soon February gold futures bulls still have the overall near-term technical advantage, but are fading and need to show fresh power soon. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears’ next near-term downside price […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bulls have the overall near-term technical advantage but have faded recently. Prices are still in a two-month-old uptrend on the daily bar chart, but just barely. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,300.00. […]

Gold 1 OZ (XAU=X) Risk Appetite Recedes

Gold 1 OZ (XAU=X) Risk Appetite Recedes

Gold 1 OZ (XAU=X) Risk Appetite Recedes There are renewed worries about slowing global economic growth, as the International Monetary Fund released a report Monday that projected collective world economic growth at 3.5% in 2019, which is down from their last forecast in October for 3.7% growth. The IMF also warned about higher risks for […]

Gold 1 OZ (XAU=X) Under Pressure

Gold 1 OZ (XAU=X) Under Pressure

Gold 1 OZ (XAU=X) Under Pressure The miserable phase of consolidation continues in gold, and this morning there is pressure taking gold back down near the support level of $1,280. This action is no surprise; it’s just part of the pattern. From a trader’s standpoint, we will look at this as a buying opportunity. The range in gold […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bulls have the overall near-term technical advantage. Prices are in a two-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective is […]

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish Gold prices are trading moderately up and are at session highs in late-morning action Wednesday. The near-term technical posture for the yellow metal remains bullish, which has invited some fresh chart-based buying interest. The recent “collapse in volatility” on the daily bar chart […]

Gold 1 OZ (XAU=X) two-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) two-month-old price uptrend is still in place

Gold 1 OZ (XAU=X) two-month-old price uptrend is still in place Technically, February gold futures bulls have the overall near-term technical advantage. A two-month-old price uptrend is still in place on the daily bar chart. The recent sideways pause is not bearish. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid […]

Gold 1 OZ (XAU=X) price vulnerable near-term while below 1302

Gold 1 OZ (XAU=X) price vulnerable near-term while below 1302

Gold 1 OZ (XAU=X) price vulnerable near-term while below 1302 Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 1,252.26. The projected upper bound is: 1,306.77. The projected lower bound is: 1,270.41. The projected closing price is: […]

Gold 1 OZ (XAU=X) 2019 average gold price of $1314

Gold 1 OZ (XAU=X) 2019 average gold price of $1314

Gold 1 OZ (XAU=X) 2019 average gold price of $1314 New data today put the 19-nation Eurozone’s jobless rate down at 7.9%, a fresh 10-year low, while No.1 economy Germany reported a larger-than-expected surplus on its trade balance. As the Euro ticked higher against the Dollar on the FX market, the price of large wholesale gold […]

Gold 1 OZ (XAU=X) driven by fresh safe haven demand on equity concerns

Gold 1 OZ (XAU=X) driven by fresh safe haven demand on equity concerns

Gold 1 OZ (XAU=X) driven by fresh safe haven demand on equity concerns Gold price gains will likely be driven by fresh safe haven demand on equity concerns, higher financial volatility and economic uncertainty, said HSBC, leading the bank to lift its 2019 average dollar price for the yellow metal to $1,314/oz Tuesday. “Gold prices […]

Gold 1 OZ (XAU=X) pulled back from a more than six-month peak

Gold 1 OZ (XAU=X) pulled back from a more than six-month peak

Gold 1 OZ (XAU=X) pulled back from a more than six-month peak Gold has pulled back from a more than six-month peak, as robust US jobs data eased some concerns about an ailing economy, while palladium prices punched through the key $US1,300 level for the first time. Spot gold slipped 0.8 per cent to $US1,283.86 […]

Gold 1 OZ (XAU=X) 2019 Outlook Positive

Gold 1 OZ (XAU=X) 2019 Outlook Positive

Gold 1 OZ (XAU=X) 2019 Time to Buy Overall, the bias in prices is: Upwards. The projected upper bound is: 1,709.03. The projected lower bound is: 1,131.73. The projected closing price is: 1,270.38. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle […]

Gold 1 OZ (XAU=X) hits six month high

Gold 1 OZ (XAU=X) hits six month high

Gold 1 OZ (XAU=X) hits six month high Gold prices rose on Thursday, helped by a weaker dollar and as a relief recovery in stock markets fizzled out, driving investors toward the safe-haven metal. Spot gold was 0.6 percent higher at $1,274.50 per ounce at 1:44 p.m. EST, after hitting at $1,279.06 in the previous session, […]

Gold 1 OZ (XAU=X) hit their highest level in more than five months

Gold 1 OZ (XAU=X) hit their highest level in more than five months

Gold 1 OZ (XAU=X) hit their highest level in more than five months Gold futures hit their highest level in more than five months Wednesday on continued safe-haven buying after the recent freefall in equities and speculation that the Federal Reserve will slow its pace of monetary tightening. The metals were up even though the U.S. […]

Gold 1 OZ (XAU=X) finding support from a weaker U.S. dollar

Gold 1 OZ (XAU=X) finding support from a weaker U.S. dollar

Gold 1 OZ (XAU=X) finding support from a weaker U.S. dollar Gold prices climbed on Wednesday, holding ground at their highest since July, finding support from a weaker U.S. dollar ahead of the Federal Reserve’s final monetary policy decision of 2018. Bullion for February delivery on Comex GCG9, +0.16%  rose $4.90, or 0.4%, to $1,258.50 an ounce, after […]

Gold 1 OZ (XAU=X) Prices Up On Weaker USDX

Gold 1 OZ (XAU=X) Prices Up On Weaker USDX

Gold 1 OZ (XAU=X) Prices Up On Weaker USDX The gold and silver markets pushed to their daily highs just before midday, at the same time well-known bond trader and fund manager Jeff Gundlach predicted the U.S. dollar would struggle in the coming new year, and that U.S. equities will enter a bear market. That […]

Gold 1 OZ (XAU=X) still in a four-week-old uptrend

Gold 1 OZ (XAU=X) still in a four-week-old uptrend

Gold 1 OZ (XAU=X) still in a four-week-old uptrend Technically, gold bulls still have the overall near-term technical advantage. Prices are still in a four-week-old uptrend on the daily bar chart, but just barely. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at the December high of […]

Gold 1 OZ (XAU=X) four-week-old price uptrend is in place

Gold 1 OZ (XAU=X) four-week-old price uptrend is in place

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

Gold 1 OZ (XAU=X) turned more bullish recently

Gold 1 OZ (XAU=X) turned more bullish recently

Gold 1 OZ (XAU=X) turned more bullish recently World stock markets were mostly higher overnight as global traders and investors chose to focus on improving prospects for a U.S.-China trade deal, instead of the uncertainty of leadership of the United Kingdom. U.S. stock indexes are pointed toward higher openings when the New York day session […]