Help needed - looking for a <b>chart</b> showing <b>gold prices</b> over the past <b>...</b> |
- Help needed - looking for a <b>chart</b> showing <b>gold prices</b> over the past <b>...</b>
- <b>Gold Price</b> Analysis- March 31, 2014 - DailyForex.com
- <b>Gold Price</b> Analysis- March 19, 2014 - DailyForex.com
Help needed - looking for a <b>chart</b> showing <b>gold prices</b> over the past <b>...</b> Posted: 01 Apr 2014 01:46 PM PDT I sometimes check goldprice.org. Or CNBC.com.if I'm on that site. Wish I sold some more of those unwanted gold chains etc when gold was at $1800. Oh well. Never mind, you already got what you needed. Signed, | ||
<b>Gold Price</b> Analysis- March 31, 2014 - DailyForex.com Posted: 31 Mar 2014 01:42 AM PDT
By: DailyForex.com Gold prices fell 3% for the week but managed to hold just above the bottom of the Ichimoku cloud on the daily time frame. During Friday's session, the XAU/USD pair initially fell to a 6-week low of 1285.68 before recovering to 1292.67. The XAU/USD pair has seen quite a sell-off recently as the market conditions (both technically and fundamentally) have been working against the precious metal. It appears that market participants are fixated on the Federal Reserve's future plans and now people believe that the central bank will start rising interest rate sooner than what they thought just a month ago. Friday's data from the Commodity Futures Trading Commission (CFTC) show that speculative investors on the Chicago Mercantile Exchange reduced their net-long position in gold to 117317 contracts, from 136814 a week earlier. As usual in the first week of the month, plenty of economic data is scheduled for the week ahead, including trade balance, Chicago PMI, ISM manufacturing and services activity surveys, ADP non-farm payrolls and government's jobs report. Market players will also pay close attention to Chinese economic figures which will come out on Tuesday. From a purely technical point of view, I think the Ichimoku clouds (on the daily chart) just below the current prices will play a significant role. If the pair finds some support and pulls itself out of the bears' grip, it is likely that we will see the market testing the first resistance level at 1300. The bulls will need to break through the 1307 resistance level before challenging the bears in the 1316 -1320 zone where the bottom of the Ichimoku cloud currently sits on the 4-hour time frame. However, if the American dollar gets a boost from the upcoming fundamentals and prices drop below 1286, we will probably see a bearish continuation and test the critical 1268 level which caused prices to pause or reverse several times in the past. A close below that would open the doors to 1256/2. | ||
<b>Gold Price</b> Analysis- March 19, 2014 - DailyForex.com Posted: 19 Mar 2014 12:27 AM PDT
By: DailyForex.com Gold prices settled lower yesterday, extending losses to second straight session, as easing fears of a wider conflict stemming from Russia and Ukraine dented the previous metal's safe-haven appeal. The American dollar was also supported by better than expected U.S. housing data. The Commerce Department's report showed that building permits climbed 7.7% to a 1.02 million pace in February. In the meantime, the major stock markets are recovering and that is soaring the demand for disaster insurance. From a technical perspective, the weekly chart remains bearish as the pair trades below the Ichimoku cloud and because of that, I still think that there will be significant resistance levels ahead and breaking through these barriers will not be so easy. Although Monday's bearish engulfing pattern supports this theory, further confirmation is required to say that the trend is about to reverse. The Federal Open Market Committee concludes a two-day meeting today and until the announcement gold prices will probably continue to respect the ascending channel. That means the 1350 level where the top of the Ichimoku cloud (4-hour chart) and the bottom line of the channel reside will be supportive in the short term. If this level remains intact and the XAU/USD pair starts to climb, the first challenge will be waiting the bulls at the 1365 level. If the bulls manage to break and hold above 1365, then we could see a test of the 1376 resistance level. If prices drop below 1346, there is a strong possibility that the market will continue to retreat and head towards the 1333/0 area. A daily close below 1330 would shift things to the bears and increase speculative selling pressure. |
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