Category: Gold

Gold Daily Review for February 8, 2019 Gold rebounds from daily lows, trades near $1310 as stocks suffer heavy losses The XAU/USD pair touched its lowest level in a week near $1303 earlier today but gained traction with the precious metal finding demand as a safe-have   Gold Forecast February 8, 2019 Gold markets fell initially during the trading session on Thursday, as a lot of risk assets got absolutely hammered. That being the case, of course Gold gave…   Gold Prices May Rise as Bond Yields Drop in Risk-Off…

Gold Daily Review for February 7, 2019 Technical Outlook for Dow Jones, DAX 30, Crude Oil, Gold Price, Copper & More Stocks are strong with the Dow and DAX above another set of levels, crude oil is carving out HHs/HLs, gold working towards support, and copper   United States CFTC Gold NC net positions increased to $123.8K from previous $111K United States CFTC Gold NC net positions increased to $123.8K from previous $111K   Technical Outlook for Dow Jones, DAX 30, Crude Oil, Gold Price, Copper & More Stocks are…

Gold Daily Review for February 6, 2019 Gold Risks Larger Pullback as RSI Falls Back from Overbought Territory Gold prices stand at risk for a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory.   Gold struggles beyond 23.6% Fibo retracement and rests on mixed indicators Gold prices ended the US session around the 4hr picot point ta $1,313 having attempted a test of the 21-4hr SMA before the price chopped between a ran   Gold clings to modest daily gains above $1310 The XAU/USD pair…

Gold Daily Review for February 5, 2019 Central Banks Haven’t Bought This Much Gold Since Nixon Closed the Gold Window Something big is happening in the gold market right now, and nowhere is that more apparent than in central banks of emerging economies. Last year was a watershed in the size of official gold purchases, as banks added an incredible 651.5 tonnes (worth some $27.7 billion) to their holdings.   Gold prices at critical juncture, eyes on technical downside targets and Central Banks Gold prices have captured the market’s attention…

Gold Daily Review for February 4, 2019 Charts for Next Week: USD/CAD, AUD/USD, Gold Price, Dow Jones & More USD/CAD is running lower into support, AUD/USD higher into resistance, gold price extended, while the Dow battles at important confluent resistance.   Charts for Next Week: USD/CAD, AUD/USD, Gold Price, Dow Jones & More USD/CAD is running lower into support, AUD/USD higher into resistance, gold price extended, while the Dow battles at important confluent resistance. #usdcad …   The Gold Price Charts Right Now: Trend Lines, Support And Resistance Levels It’s…

Gold Daily Review for February 1, 2019 Gold Price Analysis: Fed Capitulation & Central Bank Buying Spree Maintains Bullish Outlook Gold Price Analysis: Fed Capitulation & Central Bank Buying Spree Maintains Bullish Outlook   Gold futures settle higher, up more than 3% for the month Gold futures settled higher on Thursday, to tally a gain of more than 3% for the month, finding support after the Federal Reserve left interest-rates   Gold Technical Analysis: Consolidation with negative bias as 4H chart shows bear RSI divergence Gold could trade in a…

Gold Daily Review for January 31, 2019 Technical Forecast for Gold Price, Crude Oil, Dow Jones, DAX 30 & More Gold is trading around a critical area, oil continues to consolidate, while indices maintain bids near resistance levels.   Gold Price Analysis: FOMC May Spark Short-Term Pullback Gold Price Analysis: FOMC May Spark Short-Term Pullback   Technical Forecast for Gold Price, Crude Oil, Dow Jones, DAX 30 & More Gold is trading around a critical area, oil continues to consolidate, while indices maintain bids near resistance levels. #gold, crudeoil, dow…

Gold Daily Review for January 30, 2019 Gold Price Further Gains Likely as US Dollar Wobbles The price of Gold has broken through technical resistance and looks set to push higher as the US dollar weakens ahead of important US data   Gold Price Technical Outlook: XAU Breakout Targets Initial Resistance Gold prices are eyeing resistance targets that may cap the rally near-term. Here are the targets & invalidation levels that matter on the XAU/USD charts   DXY Index Stalls as Markets Await Brexit Vote; Gold Breakout Continues UK PM…

Gold Daily Review for January 29, 2019 Gold Price Rallies Ahead of FOMC Meeting, US Q4 GDP Release The price of Gold broke through the $1,300/oz. a level that has kept the precious metal capped for the last seven-months. Further upside will now   Gold bulls in control, eye $1,340 key upside target The US dollar has struggled in an environment whereby US stocks have been beaten up at the start of a critical week in earnings, economic data and geo   Oil Technical Analysis: Black Gold at its lowest…

Gold Daily Review for January 28, 2019 Charts for Next Week: EUR/USD, GBP/JPY, Gold Price, Dow Jones & More The Euro is positioned for more weakness, GBP/JPY at confluent resistance, gold price trying to hold support, while the Dow Jones eyes an important resistance   Gold Prices May Fall as Sentiment Swell Helps Validate Chart Setup Gold prices may decline as improving risk appetite across global financial markets buoys bond yields, helping to validate bearish technical cues.   Goldman Sachs CEO warns the UK not to take ‘the hard way’…