Gold futures retreated from the highest peak in more than three months, as speculations the Federal Reserve will keep on slowing stimulus in the US and the metal’s advance may dissuade physical purchases. Bullion to be delivered immediately fell 0.9% to $1,316.39 per ounce and was trading at $1,317.64 at 2:12 p.m. in Singapore. Prices earlier reached $1,332.45, […]
February 18, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold stopped its bullish sentiment and yesterday with lack of data (due to U.S. President Day) started to move sideways. The price tested the resistance at $1,330/ounce but lost momentum and dropped to $1,318/once. The recent drop is probably caused by […]
The yellow metal has been pulled back very strong amid concerns around the US recovery. Recently printed data poured cold water on the US economy recovery hopes. In the hourly and daily charts, overbought signs are indicating selling pressure on gold. In Asia’s trading session, gold is trading at the level of $1,327. Last two […]
Technical outlook and chart setups: 1. Silver has raised past the intermediary resistance of $20.50 through the first measured extension at $21.70 now. The next probable move should be lower in a corrective manner towards $20.30/50. It is recommended to remain flat for now and await for a dip before initiating long positions. 2. Immediate […]
Technical outlook and chart setups: 1. Gold has raised through resistance of $1,279.00, $1,294.00, and $1,323.00 within the past 3-5 trading sessions. It is quite possible that the metal has reversed after forming a double bottom around the $1,180.00 region. Recommendations are to remain flat and allow for a meaningful retracement towards $1,238.00 before going […]
CRUDE OIL: With Crude Oil closing higher on Monday, further bullishness is expected. This development now leaves the commodity targeting the 101.37 level, its Feb 12 2014 high. It will have break above here to convince the market of further upside pressure. Further out, resistance resides at the 101.50 level where a violation will aim […]
Overview: Since our last analysis, gold has been trading upwards, like we expected, the price tested the level of 1,329.65 on volume below the average. Gold is sill in major bullish corrective phase. We can observe decreasing volume on upper leg, which is a sign that we may see possible bearish movement. We may expect […]
February 17, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold has continued to move up for a 6th day and has again reached a new 3 1/2-month high and climbed up to almost $1,330/ounce. The price is high due to speculation over the Fed’s decision surrounding tapering. With more and […]
February 17, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold has continued its movement up for the 6th day in a row and again touched new 3 1/2-months maximum and climbed up almost to $1,330/ounce. The price is so high due to speculation over Fed decision over tapering. With more […]
The buying strength in Gold has pushed prices above our main price target of $1,320. This target fulfilled our short- and intermediate-term target levels, and we now look for a pullback. Our longer-term view in Gold has now changed a bit. We may first see a move towards $1,400 before resuming downwards towards our longer-term […]
Gold futures climbed to the highest peak in more than three months as concerns the US economic recovery will draw hyped demand for haven assets. Silver is headed for a 12th day of gains. Bullion to be carried out immediately increased by 0.9% to $1,330.03 per ounce, the most since October 31, which was at $1,326.78 by 9:41 a.m. […]
Japanese GDP estimates hit sour note Morning Report: 08.30 London • This morning the yen pairs are on the rise as a risk averse environment sees money flow back into the yen. Ironically this is happening on the back of below par Japanese GDP figures and a slump in revised industrial production. • The GBP/JPY is […]
Those who trade gold caused the precious metal to rise to its highest level in three months on Feb. 12, bolstered by hopes that the Federal Reserve will reduce its current regimen of bond purchases gradually. April gold rose to as much as $1,296.40 per ounce on the Comex division of the New York Mercantile […]
Gold gains amid weak US economic data. New Federal Reserve chairperson Yellen stated that the Fed would maintain an accommodative stance on monetary policy. The statement caused weakness of USD. Gold sits at a 3-month high. Gold made the largest weekly increase since August and it jumped 9.7% this year so far. Even in overbought […]
GOLD: With GOLD bullish and rallying through the 1,279.12 level the past week, further strength is expected into the new week. Resistance resides at the 1,350.00 level with break of here turning focus to the 1,400.00 level. Further out, resistance comes in at the 1,450.00 level, its psycho level and possibly higher towards the 1,480.00 […]
Overview: Since our last analysis, gold has been trading upwards, the price tested the level of 1,319.29 on average volume. Gold is sill in major bullish corrective phase. We can observe decreasing volume on upper leg, which is a sign that we may see possible bearish movement. Anyway there is a space for more upward […]
Gold price has continued higher towards our $1,300 target and has even reached $1,310 getting closer to our second target of $1,320. Gold is now getting some overbought signals and has reached intermediate-term resistance. Chances have increased now for a potential pullback. The trend remains up and we still have no sell signal in any […]
Silver Hits Winning Streak Morning Report: 08.30 London • Markets have a slight negative bias this morning, though are generally holding recent gains thanks to in line Chinese inflation figures. • Commodities are doing very well this morning thanks to an off colour US dollar. Silver has reached its highest level since November, while gold continues […]
February 14, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold has continued its movement up for the 5th day in a row and again touched new 3-months maximum and finally broke its $1,300/ounce psychological level. It might be the biggest weekly increase since October 2013. Bad weather condition in U.S. […]
Gold futures extended its biggest gains since November in electronic trading on Friday, as the US economic report increased haven demand. Gold to be delivered in April gained $5.60 or 0.4%, to 1,305.70 per ounce, incurring to Thursday’s $5.10 profit on the Comex of the New York Mercantile Exchange. The surge came as SPDR Gold Trust assets expanded […]
The US retail sales data softened the US dollar and made green ticks in gold. Gold made a high at the level of $1,302.70 yesterday. This year gold started in a good mood reaching a 3-month high. The rally we have seen so far came from short covering. In Asia’s trading session just now gold […]
Silver closed above the failing channel for the first time joining the breakout made by gold. In our previous report dated February 07, 2014, we recommended buying. Silver traveled with us. However, it’s been in a flat rectangle trading range for some time and a move above $20.4 would break the range to the upper […]
CRUDE OIL: The With corrective pullback fading, a return to the 101.37 level. It will have break above here to convince the market of further upside. Above here will pave the way for a run at the 101.50 level where a violation will aim at the 102.00 level, its psycho level and then the 102.50 […]
Overview In the today’s H4 chart, the metal is still trading below the Resistance level of 20.20 and above the lower limits of the bullish channel keeping its move inside it. Currently, silver is testing these boundaries to start its bearish movement. So we should wait for breaking the support boundaries to create a new […]
Overview: Since our last analysis, gold has been trading upwards, the price tested the level of 1,296.31 on lower volume. Our previous analysis is still valid. We got large buying climax in the background and also we are in major resistance area (1,292.00-1,300.00). Since the price has tested the level of 1,296.31, we almost reached […]
Gold price got very close to our first target of $1,300 yesterday. Gold price made a high at $1,296,75 and pulled back lower. We could see a new higher high today towards $1,300, but the form of the rise and the angle prices is rising that makes me believe that we may see soon an […]
February 13, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold has continued its movement up for the 4th day in a row and again touched new 3-months maximum. The price climbed to $1,296/ounce where reversed. However, we should be careful with buying positions. Gold which is consider to be a safe […]
Australian employment disappoints again Morning Report: 08.30 London • This morning, financial markets are on the back foot as US markets lost momentum overnight. The US dollar index is once again slipping lower as Yellen’s commitment to quantitative easing sinks in. • Elsewhere, the Australian dollar is under isolated pressure with the AUD/JPY down 1.01% […]
Gold futures dived in electronic trade on Thursday, withdrawing from its six-session advance as part of a wide retreat in the metals complex. Gold to be delivered in April dropped $5.60 or 0.4%, to $1,289.40 per ounce, wiping out its $5.20 gain in Wednesday’s New York Mercantile Exchange trading session. March silver receded by 14 cents or 0.7%, […]
According to the World Gold Council, Central banks added 37.3 tonnes of gold in December. Yellen’s testimony made gold move higher. Gold successfully crossed resistance, at the level of 1,294.0. Gold continues its rally for the sixth day. This is the first rally in a row of six trading days in 2014. We can expect […]
