Comex Gold (GC) Gold rose sharply to as high as 999.5 last week, just shy of 1000 psychological level, before turning sideway. Initial bias remains on the upside this week as long…
Category: Gold
Weekly Fundamental Outlook for Energies and Metals – Gold Shines Again While Crude Loses Glitter
Star of the week was obviously gold which broke out of recent broad trading range and set to resume the long uptrend with target above 1000. We find the rally impressive as…
How Long Until We See $1,000 Gold?
And Why Cash4Gold Should Be Afraid…Very Afraid… Move over Cash4Gold, there’s a new spokesperson for retail gold investing…and their name is The People’s Republic. According to a recent article on Mineweb, China’s…
Gold Rallied For Another Day But Shy Of 1000
Gold’s rally accelerated after breaking through technical resistance. The benchmark contract surged to as high as 999.5, the highest level since February, before closing at 997.7. The precious metal jumped more than…
Gold Daily Technical Outlook
Comex Gold (GC) The sharp rise in gold extended further to as high as 999.5 before retreating mildly. At this point, intraday bias remains on the upside as long as 982 minor…
Gold Daily Technical Outlook
Comex Gold (GC) Gold’s sharp rally sent it through 974.3 resistance as well as upper trend line resistance, suggesting recent triangle consolidation might be completed already. At this point, intraday bias remains…
Gold Daily Technical Outlook
Comex Gold (GC) Intraday bias in Gold remains neutral for the moment. We’d expect some more consolidation between 931.3 and 974.3 and will stay neutral as long as Gold stays in this…
Gold Daily Technical Outlook
Comex Gold (GC) Gold’s rebound was limited at 964.6 and retreated again. With 4 hours MACD crossed below signal line, intraday outlook is turned neutral again. The choppy look of the rise…
Time to buy more gold?
Investors rushing back to stocks, currencies, and other risk-based assets are overlooking one of the greatest values in the market today… “The shortage of gold and silver coins and bars we experienced…