|Day's range||1,278.10 - 1,297.50|
The gold markets rallied significantly during the week, reaching towards the $1300 level. If we can break above that, I think that the market is free to go to the $1325 level at that point. A break above there census market towards the $1350 level also. I believe that the market will continue to see … Continue reading Gold Price forecast for the week of November 20, 2017, Technical Analysis
Investing.com – Crude oil prices settled higher on Friday but failed to offset a weekly loss as investors weighed rising US output amid a fall in expectations that OPEC will extend its deal to curb output.
Gold prices initially edged lower for the day on Thursday, November 16. However, they later turned marginally higher, closing at $1,278.2 per ounce.
Gold prices moved higher on Friday, surging above resistance which is now support at the 50-day moving average at 1,288. Resistance is seen near the October highs at 1,306. Additional support on gold is seen near the 10-day moving average at 1,281. Stronger than expected housing numbers in the U.S. failed to lift the dollar … Continue reading Gold Price Prediction for November 20, 2017
We'll look at a few technical readings for mining stocks, including their RSI (relative strength index) levels and call-implied volatilities.
Gold prices rallied Friday to settle at their highest level in more than a month, up nearly 1.8% for the week. Prices for the precious metal got a boost as the U.S. dollar fell on concerns surrounding ...
MUMBAI/BENGALURU (Reuters) - Gold prices in India traded at a discount for the first time in six weeks as the key wedding season failed to spur fresh demand, while high prices curbed appetite for the precious metal in major Asian centres except China. Gold is considered an essential part of weddings in India, the world's second-biggest consumer after China, and it is a popular gift for special occasions. Dealers in India were offering a discount of up to $2 an ounce this week over official domestic prices, compared to a $2 premium last week.
Earlier in the Day: Stats were on the lighter side through the Asian session today, with the Kiwi Dollar under the spotlight. New Zealand’s October Business PMI eased slightly, with producer input prices rising at a slower pace in the 3rd quarter. While the numbers were on the softer side, the Kiwi Dollar was saved … Continue reading Russia Election Probe Slams the Dollar
Investing.com - Gold prices edged up in Asia as U.S. tax cuts move closer to passage, raising inflation concerns for some investors.
Investing.com - Crude oil prices were narrowly mixed on Friday as investors looked ahead to weekly US rig count figures to set the tone.
WTI Crude Oil The WTI Crude Oil market continues to be very noisy, bouncing along the $55 region. We continue to suffer with oversupply, and therefore it’s difficult to get a foothold on the market and rally enough to get away from it. Because of this, I think that this market is probably best left … Continue reading Crude Oil Price Forecast November 17, 2017, Technical Analysis
Bitcoin prices crashed through the all-time highs over the last 24 hours to set a new record high as the prices have recovered massively and quickly ever since the drop that we saw a week back on the back of cancellation of the hard fork. This cancellation saw many miners and investors leave the main … Continue reading Bitcoin and Ethereum Price Forecast – BTC Prices Skyrocket as ETH Lags
Economic data and political news helped drive up demand for risky assets on Thursday. After spending most of the week on the defensive, investors aggressively bought beaten up assets such as the U.S Dollar and U.S. stocks. U.S. Economic Reports Weekly Unemployment Claims unexpectedly rose last week in part as a backlog of applications from … Continue reading Positive Tax Reform News Drives Up Demand for Risky Assets
Investing.com – Crude oil prices settled lower on Thursday as investors fretted over a potential uptick in global supply amid reports that Turkey and Iraq discussed resuming exports from the Kirkuk-Ceyhan pipeline.
Investing.com – Gold prices were roughly unchanged on Thursday as the recent trend of flattening yields faded but downside momentum was capped by dollar weakness on the back of soft economic data.
Gold prices consolidated trading in a very tight range, and opening and closing at the same level forming a doji day which is one of indecision. The dollar also traded sideways, despite a larger than expected increase in U.S. import prices. Resistance on the yellow metal is seen near the 50-day moving average at 1,289. … Continue reading Gold Price Prediction for November 17, 2017
New Gold and Goldcorp have seen upward trends in their correlations with gold, while Newmont Mining has seen its correlation decline.
Investing.com - Crude oil prices remained under pressure on Thursday, as news of an unexpected increase in U.S. crude inventories overshadowed hopes that oil producers will extend their deal to reduce output.
January West Texas Intermediate crude oil futures are called lower shortly ahead of the regular session opening. The market is posting an inside move for a second day which typically indicates investor indecision and impending volatility. Daily Technical Analysis The main trend is up according to the daily swing chart, however, momentum shifted to the … Continue reading Crude Oil Price Update – Trader Reaction to Gann Angle at $55.84 Will Determine Direction Today
Investing.com - Crude oil prices recouped some of this week's losses in early morning trade on Thursday, as growing expectations that OPEC will extend an ongoing production cut agreement at a meeting at the end of this month offset concern over rising U.S. crude stockpiles and output.
December Comex High Grade Copper futures are trading flat early Thursday after hitting its lowest level since October 9 on Wednesday. Prices continued to slide yesterday as data from China stoked fears of a slowdown in the world’s top commodities consumer. Data released on Tuesday showed China’s economy cooled further last month, with industrial output, … Continue reading Comex High Grade Copper Price Futures (HG) Technical Analysis – Trader Reaction to Fib Level at $3.0535 Will Set the Tone Today
The German index gapped lower and below the €13,000 level at the open on Wednesday, and then proceeded to drive down to the €12,900 area. This is an area that I said signify the bottom of support, and if we can break above the gap from the open during the day, I think this would … Continue reading DAX Index Price Forecast November 16, 2017, Technical Analysis