Spot Gold | <b>Spot Gold</b>: Can inflation moves the yellow metal? | | News2Gold |
- <b>Spot Gold</b>: Can inflation moves the yellow metal? |
- Technical Analysis: <b>Spot Gold</b> And Spot Silver | Live Trading News
- <b>Spot Gold</b> Recovers $1300, London Fix "Seeks External Admin" as <b>...</b>
- <b>Spot Gold</b> Drops 1.2% from "2012 Trendline Resistance", Seen Safe <b>...</b>
- <b>Spot Gold</b>: All eyes on the US data | - MelakaFx's Trading Tips
- Technical Analysis: <b>Spot Gold</b> | Live Trading News
| <b>Spot Gold</b>: Can inflation moves the yellow metal? | Posted: 17 Aug 2014 07:25 PM PDT Good day traders!  gold daily 18 August 2014 Technically, its back into the triangle.
Fundamentally, inflation news will have its highlight. On Tuesday, starting with the Kiwis (PPI input and Inflation expectations), then there's the Sterling (CPI, PPI and RPI) and the Greenback later that night (CPI and Core CPI). Over the years, we've heard that gold is use as a heding instrument against inflation. Maybe it'll work now? Or maybe not? We'll see how gold react to these news before adding some spices with FOMC and more PMIs news. Just to let you know, I have no open position in gold. Nothing seems to move. So I'd better sit on the side line. Happy pipping guys! Shufaad  |
| Technical Analysis: <b>Spot Gold</b> And Spot Silver | Live Trading News Posted: 17 Aug 2014 09:33 PM PDT  Technical Analysis: Spot Gold And Spot Silver Spot Gold Spot Gold closed lower Friday. The mid-range close sets the stage for a steady opening when Monday's US session opens. Stochastics and the RSI are turning Neutral to Bearish indicating that a short term top might be in or is close to being in. If Spot Gold extends this month's rally, July's high crossing is the next Northside target. Closes below the 20-Day MA crossing will confirm that a short term top is in. The precious Yellow metal is trading between Linear Regression Indicators, as MACD is showing a Bearish bias and AROON is extending the Northside move despite being weak. Prefer to remain Neutral Monday waiting for a confirmation signal and exiting the tradign range 1305-1317.00 Support: 1309.35, 1305.00, 1300.00, 1296.60, 1292.65 Resistance: 1317.00, 1320.35, 1322.50, 1331.50, 1339.75 Recommendation: staying Neutral, will be updating on directional confirmation signals
Spot Silver Spot Silver closed lower Friday renewing the decline off July's high. The low range close set the stage for a steady to lower opening when Monday's US session opens. Stochastics and the RSI are turning Neutral to Bullish indicating that a low might be in or close to being in. If Spot Silver extends the decline off July's high, the reaction low crossing is the next Southside target. Multiple closes above the 20-Day MA crossing are needed to confirm that a low is in. Support :19.65, 19.25, 19.00, 18.80, 18.65 Resistance: 20.00, 20.25, 20.50, 20.90, 21.15 Recommendation: The outlook is Neutral. Perfer to stand aside.
The following two tabs change content below.   Paul Ebeling is best known for his work as writer and publisher of "The Red Roadmaster's Technical Report" on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984. |
| <b>Spot Gold</b> Recovers $1300, London Fix "Seeks External Admin" as <b>...</b> Posted: 16 Jul 2014 09:28 AM PDT SPOT GOLD recovered the $1300 per ounce level Wednesday afternoon in London, rallying 0.8% from this week's earlier $50 plunge as world stock markets also rose with the Dollar. Bullion banks leading the world's wholesale market in London meantime invited external proposals for administering the century-old daily Gold Fix. The news follows last week's announcement of a new daily London Silver Price process, set to replace the 117-year old Silver Fix amid regulatory, investor and media scrutiny of the precious metals benchmarks. Spot gold prices "[found] support on approach of the 100-day moving average," says a note from South Africa's Standard Bank, pointing to Tuesday's low of $1292. But "with open interest this high" in Comex gold futures and options contracts, "we expect it more difficult to find the marginal buyer for the metal," they add. Silver prices today failed to track gold higher, stalling below $20.80 per ounce in a tight trading range. "With macro-economic and geopolitical developments offering limited support," agrees London-based consultancy Metals Focus, "a large-scale return of mainstream investors to gold appears unlikely in the near term. "Without a significant 'bid' from institutional players, any upside for prices will be limited." Tuesday saw another jump in the number of Put options on August and Sept. gold futures, according to Thomson Reuters data, which offer the holder a profit if prices fall. "For the time being," say analysts at market-maker Barclays, "we are allowing for further range trading over the coming 3-6 months as gold is caught between the prospect of higher US yields, inflationary expectations, and geopolitical rumbles." Over on the currency markets, the Euro touched a 1-month low near its lowest since February after new data showed US factory-gate inflation beating analyst forecasts in June, with prices up 0.4% from May. The British Pound briefly spiked to new 6-year highs after UK unemployment showed a drop to 6.5% in June. UK wage growth badly lagged consumer-price inflation, however. Spot gold priced in British Pounds recovered to £760 per ounce, some 2.8% below last Friday's 15-week closing high. Barrick Gold – the world's largest single gold miner – meantime said its CEO Jamie Sokalsky will step down in September. Building a gold price "hedge book" equaling well over 600 tonnes of future production by the time spot gold bottomed in 2001, Barrick (NYSE:ABX) then quit those hedges early as prices rose, buying back the last 90 tonnes at what were then record-high prices in 2009. Barrick chairman John Thornton – who does not plan to replace Sokalsky near-term – said on taking the role last year that he "always thought it made great sense to hedge." "The pendulum has swung and the view is evenly split," says a survey of investor attitudes to gold miner hedging released today by US bank and London bullion market-maker J.P.Morgan. Having found 70% of clients against gold miner hedging in 2011, J.P.Morgan says the split is now "50% for and 50% against." Barrick's shares rose 2.4% in New York on Wednesday, trading almost 50% below the level of late 2009 when it closed its hedge book. |
| <b>Spot Gold</b> Drops 1.2% from "2012 Trendline Resistance", Seen Safe <b>...</b> Posted: 26 Feb 2014 06:04 AM PST SPOT GOLD prices bounced almost $16 below a new 4-month high Wednesday lunchtime in London, finally rallying after slipping all morning from $1346 per ounce. Silver also fell as gold prices lost 1.2%, but had earlier failed to track the overnight rise and so dropped to 3-session lows beneath last week's finish at $21.80 per ounce. Western stock markets slipped, as did the price of major government bonds. Ten-year US Treasury yields edged higher to 2.71%. Gold prices on the Shanghai Gold Exchange reversed Tuesday's discount to London spot, taking the premium to $1.80 per ounce on strong but lower trading volumes. "Gold is now approaching the confluence of trend line resistance at $1347 developing from October 2012 highs and May 2013 highs," says a technical chart analysis from French investment bank and London market makers Societe Generale. "Bullish momentum has been stalling lately," says SocGen. Only a definite close above $1347 would propel gold towards $1362 and $1375," its highs from last October and September. Today's "pause" at 4-month highs, says a note from Swiss investment and bullion bank UBS, shows "the need for stronger conviction" amongst investors. With spot gold prices now 12% higher from the start of 2014, "It is also sensible for physical buyers to take a break," UBS goes on, noting that Shanghai's premium to London prices "has come off significantly" and the falling Yuan could mean "potential liquidity issues make it attractive to sell gold for cash in the near-term." The Chinese Yuan steadied above yesterday's 6-month lows to the Dollar on Wednesday, with the recent drop now widely atttributed to firm action against "currency speculators" by the People's Bank of China. "The market hasn't quite fathomed the scale of annual Chinese buying," reckons the global head of FX and precious metals at the private-bank division of France's Credit Agricole, pointing to the "wealth effect in China over the next coming years." Although not bullish right now – and preferring a drop in spot gold prices to $1250 to buy – "I don't think gold's going to come back to $1000, like many people are suggesting," says Credit Agricole's Davis Hall, quoted from a TV interview by Bloomberg. "Because I'm seeing," he says, "what's happening [to incomes and wealth] in China," now the world's No.1 end-consumer market for gold, overtaking India. |
| <b>Spot Gold</b>: All eyes on the US data | - MelakaFx's Trading Tips Posted: 29 Jul 2014 11:20 PM PDT Good day traders!  gold daily 30 july 2014 Technically, we've been in this situation before where the gold price moves inside a triangle pattern and then it broke well towards $1240. With fundamentals supporting the demand of the yellow metal, it then move upwards before reaching the high of $1344. The fundamentals are still there; the war is still here to stay but really there's no real demand for the yellow metal. It slip back below the psycho level $1300 after making a new low at $1287. Should it break the $1287 level, I expect more weakness from gold and a possible return towards support level $1240. Else, a break from the trendline and psycho level $1300 would move the price back towards $1330. US data next with the ADP, GDP, FOMC, NFP and Unemployment rate in the line. We can expect more tapering from the Fed this time; from $35B down to $25B. From fundamental perspective, I'm going to watch the equities and the bonds market closely as this time around, it'll become more crucial. Where will the investors put their money next is the million dollar question. Happy pipping! Shufaad |
| Technical Analysis: <b>Spot Gold</b> | Live Trading News Posted: 14 Aug 2014 11:18 PM PDT  Spot Gold closed higher Thursday. The mid-range close sets the stage for a steady opening when Friday's New York session opens. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible. If Spot Gold extends this month's rally, July's high crossing is the next Northside target. Closes below the 20-Day MA crossing will confirm that a short term top is in. With the MACD signal lines trading sideways and Stochastic is flasing overbought signals, prefer to remain Neutral in here, waiting for confirmation signals by getting out of the trading range between 1305.00 – 1317.00. Support: 1309.35, 1305.00, 1300.00, 1296.60, 1292.60 Resistance: 1317.00, 1320.35, 1322.50, 1331.50, 1339.75 Recommendation: prefer to remain Neutral intra-day, waiting for new confirmation signals.
Stay tuned… HeffX-LTN Paul Ebeling The following two tabs change content below. Paul Ebeling is best known for his work as writer and publisher of "The Red Roadmaster's Technical Report" on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984. |
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