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First off, wholly unrelated to this post, I’ve got to express amusement about the latest Trump flip-flop, which is the NAFTA switch. Yesterday, we were going to leave NAFTA. I wake up this...
Gold: The commodity continues to hold on to its downside pressure on correction. On the downside, support comes in at the 1,260.00 level where a break will turn attention to the 1,250.00 level....
by Pinchas CohenIn yesterday’s Opening Bell, we noted a global equity high, which later also led to some record closes. A sure confirmation of investor risk-on sentiment is sustained gains in...
Gold same levels apply for today but outlook is more negative as we top at 1271/72. Holding below 1265/64 re-targets 1261 and good support at 1258/56 where a low for the day looks very likely. Exit...
WTI Crude bottomed just 4 ticks above support at 4890/4870. It should be worth trying longs if we see another move towards this area today, with stops below 4820. A break lower however tests the March...
Key Points: Buying pressure should be returning this week. Multiple technical reading suggestive of a reversal. Fundamentals likely to cap upsides around the 51.55 handle. Following a much larger than...
Gold: Daily supports in the 1.240-1.250 area Original post
Removal of sugar production limits in the European Union will increase EU sugar output, which is bearish for sugar. Will the sugar price continue falling?The European Union will turn into a sugar...
Gold bears have had quite a ride since the start of this year. The price spiked to $1,286 per ounce last week, a rise of 11% since the end of last year as this chart courtesy of the Financial Times...
Up until recently, we had been speaking about shorting gold on the blog. Price was sitting at a major higher time frame resistance level and the opportunity was there to manage our risk around it.But...
Gold is showing little movement in the Wednesday session, after recording considerable losses on Tuesday. In North American trade, spot gold is trading at $1263.94 per ounce. Gold June futures have...
On Tuesday, the price of gold fell to a two-week low on the French election. What does it mean for the gold market?As we reported on Monday, the first round of the French election is over: Macron and...
On analysis the movement of gold futures price in different time zones, I find that the gold futures price seems ready for an upward voyage after getting a good support at $1262. Gold futures price...