Category: Gold

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’…

Gold Daily Review for January 25, 2019 Gold prices stabilizing below 21-D SMA, but plenty of risk and demand still out there Strength in the dollar is holding up the bull’s progress in the precious metals as the DXY tests the 96.60 level. At the time of writing, the US gover   GOLDMAN SACHS: Traders are making huge bets that earnings will be disastrous for these 10 stocks Goldman Sachs has identified 10 landmine stocks that traders should avoid, based on options-trading activity.   Gold Forecast January 25, 2019 Gold…

Gold Daily Review for January 24, 2019 Technical Outlook for Gold Price, Crude Oil, S&P 500, DAX 30 & More Global indices at risk of further short-term weakness, crude oil as well, while gold tries to hang onto an important area of support.   Gold Price Technical Outlook: XAU Pullback to Threaten 2019 Range Low Gold is testing a critical support confluence at the yearly range lows. Here are the targets & invalidation levels that matter on the XAU/USD charts   Gold recovers from daily lows, looks to close the…

Gold Daily Review for January 23, 2019 Technical Analysis for USD Index, EUR/USD, Gold Price & More The Dollar may be due to dip, Euro bounce off support, and gold rally off support before this short-term course reverses back in favor of   Gold Price: Supportive Risk-Off Rally on US-China Trade Fears The price of Gold picked up a safe-haven bid after the IMF warned of slowing global growth and renewed tensions between the US and China   Technical Analysis for USD Index, EUR/USD, Gold Price & More The Dollar…