Spot Gold | WTF Chart Of The Day: <b>Spot Gold</b> Spikes Over $20 As Futures Close <b>...</b> | News2Gold |
- WTF Chart Of The Day: <b>Spot Gold</b> Spikes Over $20 As Futures Close <b>...</b>
- <b>Spot gold</b> has been one of the notable movers this morning
- <b>Spot Gold</b>: Double bottom at weekly chart; can it add another bottom <b>...</b>
- Thinking of opening an Alpari account for <b>spot gold</b> - Trade2Win
- Barclays head of <b>spot gold</b> trading leaves bank -sources « Galactic <b>...</b>
WTF Chart Of The Day: <b>Spot Gold</b> Spikes Over $20 As Futures Close <b>...</b> Posted: 26 May 2014 10:12 AM PDT Gold futures stopped trading at 1300ET for the Memorial Day holiday... seconds after that Spot Gold prices exploded higher from $1291 to $1312... of course liquidity is extremely light but it seems someone was anxious to get their hands on the real thing... Gold has breached its 200DMA, 100DMA, 50DMA, as well as the crucial $1300 (that Morgan Stanley said would never be seen again). Nothing to see here , move along... Moments later... And there goes silver... Un-rigged markets? Charts: Bloomberg (10 votes) |
<b>Spot gold</b> has been one of the notable movers this morning Posted: 27 May 2014 05:07 AM PDT May 27 2014, 1:07pm Spot gold is seen sharply lower as participants continue to seek comfort in Poroshenko's victory in the Ukrainian Presidential elections and consequent de-escalation of tensions in the area. Stocks have also continued to benefit with the DAX and E-Mini S&P once again printing fresh record highs after tripping large stops as the UK and US return to market. Looking ahead, today sees the release of US Durable Goods Orders, Services & Composite PMI, Consumer Confidence Index as well as BoE's Carney, ECB's Draghi and Praet on the speaker slate. ASIAN HEADLINES The Nikkei 225 (+0.2%) gained for the third consecutive session and traded near a 2-month high after tracking gains seen across European equities and US futures. Chinese stocks fell with the Shanghai Comp (-0.3%) and Hang Seng (-0.1%) weighed on by PBoC source comments which said the PBOC sees an improvement in data for May and will help reinforce policy stance, adding that policy stance may not include lowering the RRR any time soon. EU & UK HEADLINES Today has seen an extension of yesterday's positive sentiment with both the DAX and E-Mini S&P printing record highs as the US return to market after the long-weekend. Positive sentiment has been aided the weekend reports Poroshenko is to be elected as Ukraine President and thus eroding the war premium as his first objective is to end the war which is in-fitting with Putin's calls on Friday and the weekend. Gilts have underperformed despite weak housing data from the UK as today offers the first opportunity for UK participants to respond to weekend comments made by BoE's Bean who said he expects rates to hit 3.0% in 3 years. Prelim month end extensions show Pan-Euro Agg at +0.04y (Prev. +0.10y), Sterling-Agg at +0.06y (Prev. +0.02y) US HEADLINES Today sees the return of the US to market, with a host of tier 1 data from the US including Durable Goods Orders, Services & Composite PMI, Consumer Confidence Index. Prelim month end extensions show US Treasury at +0.13y (Prev. +0.08y) EQUITIES European equities are seen mostly higher across the board (although Eurostoxx is flat). Once again the FTSE MIB has seen strong performance following the recent EU Parliamentary results which showed a resounding win for PM Renzi's party and has rejuvenated expectations that the country will stick to budget deficit reduction measures. Elsewhere, the FTSE 100 leads the way, supported by InterContinental (+5.5%) after news they have rejected a USD 6bln takeover bid. FX GBP has underperformed EUR, underpinned by the release of weaker than expected UK Mortgage Approvals data, month-end buying of EUR/GBP by a major EU central bank and in reaction to (AZN LN) confirming talks with Pfizer (PFE) COMMODITIES Spot gold has been one of the notable movers this morning, taking out Friday's low of USD 1286, and trading well below the 50,100 and 200DMAs, following the aforementioned developments regarding the easing of tensions in Ukraine, which has also weighed upon the energy complex as both WTI and Brent crude futures trade lower heading into the North American open. |
<b>Spot Gold</b>: Double bottom at weekly chart; can it add another bottom <b>...</b> Posted: 13 May 2014 07:58 PM PDT Posted by admin on May 14, 2014 Good day traders! As a trader, I'm open to any possibilities. Including what you see in the above chart. Its the weekly gold chart and from what I see, it ain't good. Price have a really hard time to break the 23.6% fibonacci level; showed by the consolidation candles below the fibo level. Failure to push the price higher means we could see another possible bottom in the yellow metal price. A triple bottom anyone? And let's not forget the trend line. Its pointing to the downside. So, what's our trade plan? I'm to going to watch the Dow and S&P500 closely. In fact, these two index has been in my radar from the past 4 years now and I had the privileged to see in rose to record highs. If the market players decided to sell these paper assets, then there's a possibility that they are going towards the hard asset – namely gold and silver. Other than these two index, I'l be watching the inflation rates and reports coming out from US and its counterpart as gold is traditionally being use as a hedging instrument against inflation. This report will also gives us some clue. I've closed all my positions in gold for now. And currently just waiting for the right moment to enter the market. Happy pipping! Shufaad |
Thinking of opening an Alpari account for <b>spot gold</b> - Trade2Win Posted: 24 May 2014 07:10 PM PDT __________________ |
Barclays head of <b>spot gold</b> trading leaves bank -sources « Galactic <b>...</b> Posted: 20 May 2014 02:01 PM PDT http://www.reuters.com LONDON May 20 (Reuters) – Barclays' head of spot gold trading is leaving as part of the bank's restructuring and its exit from thecommodity business, sources familiar with the situation told Reuters on Tuesday. Marc Booker's exit leaves Martyn Whitehead, Barclays' global head of metals and mining sales, as the bank's only representative listed with the London Gold Market Fixing company. Barclays is one of the four banks that contributes to the twice-a-day price setting process for the globally recognised benchmark. But there has also been speculation about Whitehead's future at the bank.
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