Comex Gold (GC) Gold’s recovery from 985.5 extends further and break of 1001 minor resistance argues that fall from 1025.8 has completed already. Intraday bias is flipped back to the upside for…
Category: Gold
Gold Daily Technical Outlook
Comex Gold (GC) With 4 hours MACD crossed above signal line, an intraday low is in place in gold and some more consolidations could be seen. Nevertheless, risk remains on the downside…
Gold Daily Technical Outlook
Comex Gold (GC) At this point, intraday bias in gold remains on the downside with 1001 minor resistance intact. Pull back from 1025.8 is still expected to continue to 983.2 support and…
Commodity Prices Remain Soft in Asia Monday
Although still trading above 65, crude oil’s near-term outlook remains weak as investors worry about energy consumption. Decline in stock prices in Asia market and rebound in USD exert additional pressure on…
When you own gold, you’re fighting every central bank
By: Chris Powell, Gold Anti-Trust Action Committee Dear Friend of GATA and Gold: On Friday CNBC broadcast a remarkable six-minute interview with Jim Rickards, director of market intelligence for McLean, Virginia-based consulting…
Central Banks Set to be Net Gold Buyers
By Chris Flood Financial Times Central banks are set to become net buyers of gold this year for the first time since 1998, according to GFMS, the metals consultancy. This reverses the…
Gold Weekly Technical Outlook
Comex Gold (GC) Gold’s pull back from 1025.8 extended further to as low as 985.5 last week and further decline could still be seen to 983.2 support and below. Nevertheless, downside is…
Weekly Fundamental Outlook for Energies and Metals – Crude is Prone to Head Lower As We Enter the Shoulder Season
The themes directing commodity prices remained to be USD, macro economic outlook and equity markets. The dollar index sank deeper earlier in the week as market sentiment continued to improve. Moreover, as…
Gold – The Shining Star
By: Mary Anne Aden and Pamela Aden, The Aden Forecast Gold, silver and gold shares are jumping up. Gold hit a record high this month and all three are in ‘break out’…
Gold Daily Technical Outlook
Comex Gold (GC) Gold’s fall from 1025.8 resumed and reached as low as 995.3 so far. At this point, intraday bias remains on the downside and further pull back could be seen…