<b>Gold Price</b> Analysis- March 21, 2014 - DailyForex.com |
- <b>Gold Price</b> Analysis- March 21, 2014 - DailyForex.com
- Today - Live - Per Gram - <b>Graph Rates</b> - <b>Gold</b> Rating
- <b>Gold Price</b> Analysis- March 10, 2014 - DailyForex.com
- <b>Gold</b> & Silver Getting A Divorce? – <b>Chart</b> This! | Kitco News <b>...</b>
| <b>Gold Price</b> Analysis- March 21, 2014 - DailyForex.com Posted: 21 Mar 2014 03:03 AM PDT
By: DailyForex.com Gold prices continued to decline yesterday and touched the 1320 support level as a stronger dollar reduced the appeal of the precious metal as an alternative investment. The American dollar gained some more momentum across the board after the Labor Department reported initial jobless claims increased slightly and data released from the Federal Reserve Bank of Philadelphia showed that the index measuring manufacturing activity in the region climbed to 9 in March from -6.3 in February. Lately, easing concerns surrounding Ukraine and Russia coupled with growing perception that the Federal Reserve will increase interest rates sooner and faster than previously thought have created the exodus out of gold. Speaking strictly based on the charts, the weekly and 4-hour charts suggest that the directional bias remains weighted to the downside. Basically the overall trend is up when prices are above the cloud, down when prices are below the cloud and flat when they are in the cloud itself. The XAU/USD pair has been making lower lows and lower highs since it printed a bearish engulfing candle on Monday, indicating that the bears are gaining strength since that the pair hit the 6-month high of 1392.04. However, it appears that the XAU/USD pair found some support just above the 1320 level. We have a bullish Tenkan-sen (nine-period moving average, red line) - Kijun-sen (twenty six-day moving average, green line) cross on the 30-minute time frame and therefore it is technically possible to see a short-term bounce targeting the 1338 - 1339 area, as long as the 1330 support level holds the market. If we break through the 1338/9 zone, the pair may extend its bullish movement and revisit the 1346 resistance level. If the American dollar resumes its bullish sentiment and prices fall below the 1330 support level, there will be interim support at 1326.14. Below that, an important challenge will be waiting the sellers at 1320. Breaching this level would indicate that the bears will continue to dominate the market.  | ||
| Today - Live - Per Gram - <b>Graph Rates</b> - <b>Gold</b> Rating Posted: 14 Mar 2014 07:06 PM PDT
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| <b>Gold Price</b> Analysis- March 10, 2014 - DailyForex.com Posted: 09 Mar 2014 09:08 PM PDT
By: DailyForex.com The XAU/USD pair closed Friday's session lower than opening but remained within the previous four days trading range. Gold prices rose 0.6% over the course of the week as investors turned to the relative safety of the precious metal. The pair traded as low as $1328.95 an ounce after data released by the Labor Department showed that the U.S. economy added 175K jobs in February and the unemployment rate increased to 6.7% from 6.6%. Some economists were expecting gains of 150K. Recently fears over the growing threat of war between Russia and Ukraine have been driving this market's bullish activity and because of that gold can still be considered as a safe-haven in the coming weeks if the situation in the region gets worse. The fact that the bulls successfully defended the 1330 level and held prices inside the ascending channel (4-hour chart) even after an encouraging U.S. jobs report supports this theory. However, there are other factors to pay attention. Absence of inflation, belief that the Federal Reserve will continue to reduce the pace its quantitative program and persistent uptrend in the U.S equities markets may sap gold's safe-haven appeal. The 4-hour chart indicates the battle between the bulls and the bears intensified in the 1330 – 1355 area, so I think these will be the key levels to watch in the short-term. To put it another way, although the pair receives support from the Ichimoku cloud on the 4-hour time frame, the market feels some pressure which is caused by the clouds on the weekly time frame. If the bears increase the downward pressure and drag gold prices below 1330, the pair may visit the 1320 support level. Below that, the next challenge will be waiting the bears at 1307. If the bulls successfully push price above 1346, it is likely that we will see the XAU/USD pair testing the first strategic barrier at 1355. Once the bulls clear 1355, they will be aiming for 1361.76 and 1375.20. | ||
| <b>Gold</b> & Silver Getting A Divorce? – <b>Chart</b> This! | Kitco News <b>...</b> Posted: 25 Mar 2014 04:30 AM PDT Kitco News gets Gary Wagner's take on gold prices last week and where he sees the yellow metal headed. Wagner says that gold's price movements following Wednesday's Fed announcement was simply a corrective action in the market. "We've seen a $200 move [in the gold market], and when you see that kind of move, corrections or rounds of profit taking are not only to be expected but I believe they are very healthy for the market," he adds. Looking over at silver, Wagner says the metal has been struggling to keep up with gold's movements and says that the metal's next move is anybody's guess. He also comments on the upcoming GDP numbers expected to come out later this week and says he will be closely watching the data. Tune in now to get an in-depth analysis of the gold market and hear why Wagner thinks gold may potentially be entering a 2-year long supercycle. Kitco News, March 24, 2014. Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:http://kitcomm.com – Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits:http://stocktwits.com/kitconews - advertisements - |
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