Unless GOLD triggers a corrective recovery following its flat close the past week, our broader bias remains to the downside. Support lies at its December 2012 low at 1,625 level.
By Mohammed Isah | Jan 08, 2013 | FX Tech Strategy
With the commodity remaining vulnerable and bearish, it faces further declines in the new week. It now targets the 1,640.45 level with a cut through there allowing for a push further lower towards the 1,600.00 level. A respite is likely to occur here and turn the commodity higher. Its weekly RSI is bearish and pointing lower supporting this view.
By Mohammed Isah | Dec 24, 2012 | FX Tech Strategy
GOLD continues to look vulnerable to the downside on correction. This leaves the commodity targeting the 1,678/2 levels on further declines where a breach will set the stage for further weakness towards the 1,640.45 level. A cut through here will allow for a push further lower towards the 1,600.00 level. A respite is likely to occur here and turn the commodity higher.
By Mohammed Isah | Dec 11, 2012 | FX Tech Strategy
Although GOLD continues to hold on to its broader medium term uptrend, further downside pressure could be building up. This is coming on the back of a reversal of its previous week gains at the end of the week. Support lies at 1,672 level where a break will target the 1,640.45 level. A cut through here will allow for more declines towards the 1,600.00 level.
By Mohammed Isah | Dec 03, 2012 | FX Tech Strategy
Outlook for GOLD remains higher as it extended its upside offensive the past week. This development leaves the commodity targeting the 1,774 level where a violation will call for a run at the 1,795 level. A violation of here will resume its medium term uptrend towards the 1,827.85 level. Further out, resistance comes in at the 1.850 level.
By Mohammed Isah | Nov 27, 2012 | FX Tech Strategy
Highlights: - Greece's day of reckoning is only the start - Further JPY-weakness may be in store - Light US data may see risk rally stall
By Brian Dolan | Feb 18, 2012 | Forex.com
Euro resumed its down trend again as market is getting sick of the bailout.
Sep 29, 2011 | IBTimes
Much of the commodities complex experienced its biggest sell-off so far this year during last week's fund liquidation of large positions in energy, precious metals, and grains, as the US Dollar recovered sharply in what appears to be a short term bear market rally.
By Jonah S. Ford | May 09, 2011 | Autochartist
Gold closed lower on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday.
May 05, 2011 | HY Markets
The $1,500 per ounce barrier was broken in the gold market last week for the first time ever, as the US Dollar extended losses against the Euro and other major trading partners, and crude oil remained in a firm uptrend. The ominous outlook for price inflation coupled with no end in sight for the central bank intentions to keep printing money to maintain the global stimulus effort.
By Jonah S. Ford | Apr 25, 2011 | Autochartist
This week produced a very choppy and volatile $29.50 range as world geo-political tensions as well global economic data had traders and investors alike scrambling to adjust their trading positions accordingly. The North African and middle-east chaos has been fueling the dramatic price rise in Crude Oil futures.
By Mike Daly | Apr 03, 2011 | PFG Best
This week Gold traded another new all-time high ($1448.60) as once again high Crude Oil prices helped to fuel this week's rally. As the north African and middle-east geo-political chaos continue to offer global uncertainty it has become apparent that investors are still choosing the precious metals as their "safe haven' investment choice.
By Mike Daly | Mar 26, 2011 | PFG Best