Here is a collection of the best Gold Analysis articles posted today. They describe the current market and give a look at what may be coming in future for the metal.
End of day analysis for Gold 05-05-2017
Gold price resumed its negative trading after the slight rise that it witnessed in the past sessions, to remain stable below the bullish channel that appears on the above chart, which makes us continue to suggest the bearish trend in the coming period, which its next target located at 1211.31, while achieving it conditions holding below 1250.00.
Read More
Gold Price Cycle Update
Seems everyone (me included) is trying to spot when the next Intermediate Low in gold and PMs will be. Again, one of the things I am looking for is a failed short-term Trading Cycle to confirm the move into the next Intermediate Low.
Well, we now have Failed Trading Cycles in silver and two Failed Cycles in GDX and GDXJ. Silver and the GDXJ are very oversold here so could we be nearing an Intermediate Bottom (RSI, MACD and Slow Sto are all at or approaching ICL levels)? But gold is the Cycle driver and the gold chart is giving me some issues (see my next section).
Read More
Gold Prices Unmoved by NFP Data Release
Talking Points:
- Gold Prices Unmoved by NFP Data Release
- Markets Next Look to Janet Yellen for Direction
- Looking for additional trade ideas for gold and commodities markets? Read our 2017 Market Forecast
Read More
Gold Price Prediction for May 8, 2017
Gold Price Prediction for May 8, 2017
Gold prices attempted to move higher but hit resistance and were unable to gain further traction, easing lower into the close, following the stronger than expected U.S. Non-farm payroll report. Prices broke through and upward sloping trend line that was robust support generated from connecting the lows in December of 2016, to the lows in March and comes in near 1,240. Additional resistance on the yellow metal is seen near the 10-day moving average at 1,254. Target support for gold prices is seen near the March lows at 1,194.
Read More
Last chance for Gold and Oil
Last chance for Gold and Oil Last chance for Gold and Oil
- Last three weeks for the commodities are terrible. Most of them were loosing ground and it looks like the situation in the long-term is set – we should see a further decline.
- WTI made new yearly lows and attacked the minimums from the November 2016. That is where we finally found a demand and currently the price is creating a nice hammer. In the theory, it is a good chance for a reversal or at least for a small bullish correction. The chances for a correction will rise if buyers will manage to close the day above the 45.5 USD/bbl support.
- DAX is showing a huge strength. They managed to break the upper line of the channel up formation, which happens only during strong trends. No bearish signals whatsoever and the bullish party goes on.
Read More
No comments:
Post a Comment