W1 price is located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the primary bearish market condition for with secondary ranging within the following key reversal support/resistance levels: 1339...
Gold prices struggled near three-month lows on Wednesday, as investors brace for an increase of borrowing costs in the U.S. next month...
This week, gold was trying to recover after hitting a 3-month low on Friday, hurt by a better-than-expected U.S. jobs report...
W1 price is below Ichimoku cloud for the primary bearish with the ranging between 14.28 support level and 16.26 resistance level. The price is trying to break 14.81 support level from above to below for the bearish trend to be continuing with 14.28 as the next bearish target...
Silver (XAG/USD): ranging near bullish reversal. The price is on primary bearish with the ranging within 16.34 key resistance level and 13.96 key support level located below Ichimoku cloud and Senkou Span lines with the bearish area of the chart. Key resistance level at 16...
This week gold has dropped to multi-week lows amid expectations of a potential December rate hike in the U.S. However, one analyst says there is little ground for concerns...
Gold (XAU/USD): bearish. The price is on primary bearish with the ranging within 1077.19 key support level and 1191.48 key support level. Both levels are located below Ichimoku cloud and Senkou Span lines for the bearish area of the chart. Intermediate support level for the pair is 1098...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish with secondary ranging between Fibo resistance level at 1191.43 and Fibo support level at 1077.20: Symmetric triangle pattern was formed by the price to be crossed for direction. If the price breaks 1191...
Gold held near one-month lows on Thursday and looked likely to slide below the $1,100-an-ounce level, after Federal Reserve Chair Janet Yellen bolstered market expectations for a U.S. interest rate hike in December...
The yellow metal is falling sharply on Wednesday amid a stronger US dollar on rising expectations about a rate hike by the Federal Reserve in December. The ounce broke below yesterday’s lows at $1,114.30 and dropped further. Recently bottomed at $1106.60 hitting the lowest level since October 2...
Skandinaviska Enskilda Banken made some technical analysis for Gold evaluated the market condition for this pair a secondary ranging in the next and medium-term future for example...
Gold prices weakened to near Tuesday’s low after the data in the US showed the private sector jobs growth slowed less than expected in October. Off lows, but weak The metal hit a low of USD 114.70, before trimming losses to trade around USD 1116.50/Oz levels...
Gold prices edged higher Wednesday but were still near five-week lows, as investors awaited important U.S. data later in the day for further cues on the strength of the economy and the likelihood of a near-term interest rate increase...
Despite the general bearish sentiment towards gold, which was fueled after the metal hit a four-week trough on Monday, one German bullion dealer maintains upbeat forecasts...
Prices continue to trade near daily lows despite dismal US data as traders remain focused on fEd rate outlook. Eyes key fib support The metal is trading within a touching distance from USD 1120.60/Oz, which is the 61.8% of Jul low to Oct high move...
Gold prices were slightly higher on Tuesday after hitting four-week lows on Monday which deepened a bearish sentiment towards the metal...
The performance of gold prices will hinge on the next move by the Federal Reserve, suggested BofA Merrill Lynch Global Research. Key Quotes “Our US economics team highlights that recent monetary easing in Europe and China has made a first rate hike by the Fed more likely this year”...
Gold prices extended the drop to hit a fresh session low of USD 1134.15/Oz amid rising treasury yields ahead of the US manufacturing data. Drops to 50% Fib level The metal fell to USD 1134.15, which is the 50% fib retracement of the move from the July low to Oct high...
Gold futures prices are modestly lower in early U.S. trading Monday and have touched a four-week low overnight. Higher chances of a U.S. Federal Reserve interest rate hike in December are bearish for the precious metals...
