Crude oil price trades narrowly with a soft tone in Asia Monday. Although we have received some stronger-than-expected economic data and the global environment seems to have turned more positive, all these…
Category: Gold
Gold Weekly Technical Outlook
Comex Gold (GC) Gold edged higher to 1025.8 last week but lost upside momentum ahead of 1033.9 key resistance. With bearish divergence conditions in 4 hours MACD and RSI, a short term…
Weekly Fundamental Outlook for Energies and Metals – Crude’s Rally Derailed from Fundamentals Again
Strength in stock markets and decline in USD were the major reasons for the rises in commodities. In the US, Dow Jones Industrial Average climbed +2.2% to settle at 9820 while S&P…
Gold Daily Technical Outlook
Comex Gold (GC) With 4 hours MACD dragged below signal line, an intraday top is in place and bias is turned neutral for the moment. Also, considering bearish divergence condition in 4…
Gold Daily Technical Outlook
Comex Gold (GC) Gold’s rally is still in progress and reaches as high as 1025.8 so far. At this point, intraday bias remains on the upside and further rise should still be…
Gold Daily Technical Outlook
Comex Gold (GC) Gold’s rally resumes after brief consolidation and reaches as high as 1023.3 so far. Short term outlook will remain bullish as long as 994.5 support holds and further rise…
Gold Daily Technical Outlook
Comex Gold (GC) Intraday bias in Gold remains neutral for the moment as consolidation from 1013.7 is still in progress. Nevertheless, with 983.2 support intact, further rally is still expected to test…
Risk Aversion Returns amid Trade Protectionism
Crude oil price extends last Friday’s weakness and slides to 68.5 in Asia Monday as driven by decline stock markets and rebound in USD. Recent rallies in commodity and stock markets have…
Gold Daily Technical Outlook
Comex Gold (GC) While some retreat might still be seen, short term outlook in Gold remains bullish with 983.2 support intact. Further rally is still expected to retest 1033.9 high first. Break…
Gold & US Dollar Relationship
When it comes to Gold, there is actually too much focus or incorrect focus on the US Dollar. The fact is that throughout this bull market, Gold has been leading the US…