Gold Analysis

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Gold continues to shine

Markets continue to be volatile after the recent week and one should look no further than the gold market as a shining example of why the market is currently a little trecherous. With the current global economy looking a little shaky and QE packages globally not looking all the more tantilising it would seem that the more speculative metals such […]

Gold: Faces Recovery Risk With Eyes On 1088 Zone

GOLD: With the commodity taking back more than half of its losses to close slightly higher the past week, GOLD faces recovery risk with eyes on 1088 zone in the new week (see daily chart). This view remains valid as long as it holds and trades above its key support zone at 1046/52 zone. On the downside, support comes in […]

Gold: Remains Weak And Declining On Bear Pressure

GOLD: With the commodity continuing to hold on to its downside bias, GOLD remains weak and declining on bear pressure with eyes the 1058.00 zone. On the downside, support comes in at the 1050.00 level where a break will turn attention to the 1040.00 level. Further down, a cut through here will open the door for a move lower towards […]

Is Gold Looking for a Bullish Break?

As increased volatility from the pending FOMC meeting and potential rate hike spreads around the globe, Gold looks like it might be preparing to shine, albeit in the short term. The precious metal has been on somewhat ofa rollercoaster over the past few weeks as it steadily trended lower nearingthe key $1,000 an ounce level. However, the past few days […]

Gold Rockets into A Potential Fed Rate Hike! The Technical Reversal Could be Very Significant

Spot GOLD has reversed to the upside by $30 today, but more significantly from a technical perspective is that the strength on a Friday, if sustained, has the potential to put in a key, upside weekly reversal, which has significant positive technical implications– that the long slide in GOLD off of its Sept 2011 high at $1921.50 is complete. GOLD […]

Commodities Pile Losses as China Demand Shrinks

These are tough times to be in the commodity business. A selloff in the oil market that began in June 2014 has extended to a range of raw materials and is starting to resemble a full-blown meltdown. Investors reacting to weaker Chinese demand and an end to cheap money provided by the Federal Reserve are rushing to sell positions in companies […]

Gold Analysis: XAU/EUR faces stiff resistance at 50-DMA placed at 1094

XAU/USD pair – Daily Chart Gold prices in terms of US dollar (XAU/USD) ended higher on Tuesday around 1191.70 levels, reaching fresh three week high at 1195.04 levels. XAU/USD extended its uptrend and remained elevated all though yesterday amid a softer US dollar on expectations of below estimates US macro data. However, the pair dipped near daily lows around 1185.90 […]

Gold Analysis: XAU/EUR capped by 1100

XAU/USD pair – Daily Chart Gold prices in terms of US dollar (XAU/USD) ended the week on an upbeat note, reaching fresh two week high at 1187.96 levels, before settling on Friday at 1182.38 levels. XAU/USD gave a symmetrical triangle formation break out on daily chart and surpassed major 20-DMA resistance located at 1182.46 levels. XAU/USD rallied on Friday after […]

Forex Analysis: EUR/USD, another active week ahead

EUR/USD Current price: 1.0820 View Live Chart for the EUR/USD The more dovish than expected FED, resulted in the well needed USD bearish corrective movement that then resulted in a higher EUR/USD: the pair saw a short lived spike up to 1.1041, before closing the week below 1.0865, the 38.2% retracement of the latest bearish rally, measured from 11533, to […]

XAU/USD capped by 5-DMA at 1156.05 levels

XAU/USD pair – Daily Chart Gold prices in terms of US dollar (XAU/USD) advanced as anticipated to day’s high at 1164.07, before ending Monday on a flat note at 1156.45 levels. The pair formed a doji candle on the daily chart and remained supported above 1150 barrier. Gold prices remained elevated initially in the previous session as the US dollar […]


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