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Next support and resistance levels for Gold Original post
XAU/USD witnessed a significant volatility through the week but currently gold prices are stable at 1196.33 intraday, and it's expected to continue ahead of upcoming US data. Gold took advantage of...
For the first time in three years, oil inventories in the United States are not rising precipitously more than the seasonally expected. At the start of both 2015 and 2016, oil stocks exploded higher...
Copper prices had a spectacular run back in November. So spectacular than no one expected it but us. Ever since, most analysts have questioned the sustainability of this copper rally. Their argument:...
We examine the EIA data this past week, and it is interesting what a difference a year makes, psychologically speaking, as we have more inventories in storage across the board, yet we are almost...
Two global steel giants, India and Japan, are headed toward a trade war. For once, one participant in the trade row isn’t the U.S... not directly, at least.Japan, the world’s...
Silver prices were off nearly 1% on Wednesday afternoon, nearly matching gold’s plunge, as the equities markets surged to fresh all-time highs amid renewed Trump-fueled optimism about economic...
Key Points: Second leg of an ABCD wave is likely taking place. Resulting slump could see the metal move back to the 1159.41 mark. Fundamental factors currently propping up the weakening metal. Selling...
The Trump Administration is ready to release the U.S. energy industry from the chains that bind and instead of demonizing the U.S. energy Industry, they are embracing it. White House Press Secretary...
Good Morning!The API data rose 2.9 million barrels as the street was looking for less of a build. The data was not a shocker to our in-house Energy Analyst at Price Group Phil Flynn, who was looking...
The World Gold Council said it could take up to three years for India’s gold demand returns back to normal levels, in a piece of news that could indicate an overhang on gold prices in the medium...
Here is what I said about silver on 18th January, 2017. Here is one chart from that article: Let's start with the daily chart of silver: I have shown my preferred wave count in this chart and to...
Here is what I said about Gold yesterday.Here is the chart of yesterday reproduced below: Here is the latest 5 Hr chart given below: Currently Gold is trading at 1207 at the time of writing, as...
WTI Crude holding below 5305/00 retests good support at 5275/65 has been working, but further losses today re-target 5230/20, perhaps as far as 5210/00 before last week's low at 5181/5172. Try longs...
Gold's first resistance is at 1210/11, but above here could retest the most important resistance of the day again at 1218/19. We may be witnessing the top of the bear market correction, as bears sell...