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…
Tag: Gold
Strong ISM Data Failed To Support Oil, WTI Closed Below 70
Crude oil price sank -2.7% to close at 68.05 Tuesday, the lowest settlement since August 17 as driven by decline in equity markets and strength in USD against the euro. Others in…
Crude Remains Under Pressure – Surge in Fear Index Suggests Lower Risk Tolerance
Currently trading at 68.5, the October contract continues to trade below 70 in European morning. The market awaits the US Energy Department’s inventory report which will likely show a draw in crude…
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…
Potential Slowdown In China Growth Pressured Commodities
Crude oil price plunged -3.8% to settle at 69.96 Monday amid worries that credit tightening in China would dampen demand outlook. Stock markets also declined with Dow Jones Industrial Average and S&P…
Refiners In China At Risk As The Government May Delay Price Hike
Crude oil price rebounds to 70.2 in European morning as strong China PMI eases demand worries. Trading will likely remain thin before NY session opens. The US government will report ISM manufacturing…
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…