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Spot Gold | Technical Analysis: Spot Gold, Next Target 1,355 oz | Live Trading ... | News2Gold

Spot Gold | Technical Analysis: <b>Spot Gold</b>, Next Target 1,355 oz | Live Trading <b>...</b> | News2Gold


Technical Analysis: <b>Spot Gold</b>, Next Target 1,355 oz | Live Trading <b>...</b>

Posted: 11 Jul 2014 12:11 AM PDT

Technical Analysis: Spot Gold, Next Target 1,355 ozThe catalyst that spured Gold from its walk came from a Portuguese Bank.The big Q: will participants take this seemingly small event and use it to drive Gold to the next target at 1355.

Gold Bulls nervously ranged the precious Yellow metal during a quiet market to see the Bullish breakout from the sideways action.

Breaking the overhead resistance at 134 intra-day Thursday, Gold closed above Key support at 1330. As long as this mark holds  the bias is for gains is to 1350 and 1355.

Those who follow the COTS positioning may have noticed that as of last week Gold Bulls were at their highest Net Long ratio om the year, on the sideways trading, as money came into the sideways price movement and shorts covered.

There is potential here for a Bullish channel / trendline, but this has to be confirmed. The Sey support is obvious enough to spot so consider buying opportunities above this mark with a retracement towards the trendline acting as an extra confluence if confirmed.

The precious Yelloe metal touched the resistance at 1331.45 represented in 61.8% Fibo correction then turned to the Southside. Stability below the referred to resistance favors a Bearish correction Friday, whereas the price failed several times earlier to breach the Key resistance, the Risk/Reward Ratios suggest a Southside move that remains valid by stabilizing below the resistance.

A break below 1314.00 will extends Bearishness, but trading above 1333.00 will have us reconsider, turn positive and target 1355.00.

Support: 1324.35, 1318.10, 1314.00, 1309.35, 1305.00

Resistance: 1331.50, 1339.75, 1348.40, 1350.00, 1356.25

Recommendation: For Friday, sell gold below 1330.00 targeting 1324.35, 1314.00, then 1309.35 and stop-loss above 1333.00.

Dubai <b>Gold</b> & Commodities Exchange Considering <b>Spot</b> Silver <b>...</b>

Posted: 08 Jul 2014 04:05 PM PDT

Bloomberg reported that after the Dubai Gold & Commodities Exchange introduces a spot gold contract in Q3 2014, it will think about starting a silver contract for immediate delivery.

As quoted in the market news:

The spot gold contract was delayed from starting last month partly because specifications had to be changed and also because of Ramadan this month, said Madyan Jabr, head of communications for the DGCX. The gold contract will be for 1 kilogram (32.15 troy ounces). DGCX already trades gold futures.

'Futures are to hedge risk, not to get the gold,' Jabr said. 'What we need here is a transparent platform to provide physical gold to the market.'

Click here to read the full Bloomberg report.

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Technical Analysis: <b>Spot Gold</b> And Spot Sliver | Live Trading News

Posted: 10 Jul 2014 12:14 AM PDT

Posted by: : Paul EbelingPosted on: July 10, 2014 Technical Analysis: Spot Gold And Spot Sliver

Technical Analysis: Spot Gold And Spot Sliver

Spot Gold

Spot Gold closed higher as it consolidated Tuesday's dip Wednesday.

The high range close sets the stage for a steady to higher opening when Thursday's US trading begins.

Stochastics and the RSI are Bearish signalling that additional weakness is possible. If Gold extends the decline off July's high, July's low crossing is the next Southside target.

Mutiple closes above the 10-Day MA crossing will confirm that a short term low is in.

Support: 1318.10, 1314.00, 1309.35, 1305.00, 1300.00

Resistance: 1331.50, 1339.75, 1348.40, 1350.00, 1356.25

Recommendation; prefer to remain Neutral Thursday.

Spot Silver

Spot Silver closed higher Wednesday, the midrange close set the stage for a steady to higher opening when Thursday's US trade begins.

Stochastics and the RSI are Neutral to Bearish signalling that a shortterm top might be in or close.

Multiple closes below the reaction low crossing are needed to confirm that a short term top is in. If Silver renews the rally off June's low, the reaction high crossing is the next Northside target.

Support: 21.08, 20.90, 20.70, 20.65, 20.60

Resistance: 21.20, 21.39, 21.50, 21.75, 22.16

Recommendation; Close Wednesday's position at 21.08, and Buy Silver above 21.08 targeting 21.20 then 21.39 and 21.75 with stop-loss below 20.88.

Stay tuned…

HeffX-LTN

Paul Ebleing

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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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<b>Spot gold</b> starts the week firmer - Proactiveinvestors (AU)

Posted: 06 Jul 2014 03:15 PM PDT

Proactive Investors Commodity Watch www.proactiveinvestors.com.au/

Proactive Investors Australia delivers insights on global commodity markets, along with the impact on market sectors.

Pdf

Spot gold starts the week firmer

Monday, July 07, 2014 by Proactive Investors
In the local currency, gold is currently fetching A$1410 an ounce.

In the local currency, gold is currently fetching A$1410 an ounce.

Spot has started the week slightly firmer and has edged up 0.07% to US$1321.50 in electronic trading.

On Friday markets were closed in the U.S. for the Fourth of July holiday, with only electronic trading which was quiet.

On Friday gold added less than 0.1% to US$1,320.90 an ounce

In the local currency, gold is currently fetching A$1410 an ounce.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Technical Analysis: <b>Spot Gold</b> And Spot Silver | Live Trading News

Posted: 08 Jul 2014 12:43 AM PDT

Posted by: : Paul EbelingPosted on: July 8, 2014 Technical Analysis: Spot Gold And Spot Silver

Technical Analysis: Spot Gold And Spot Silver

Spot Gold

Spot gold closed lower on profit taking Monday as it consolidated some of the rally off the December's low.

The low range close sets the stage for a steady to lower opening when Tuesday's session opens in the US.

Stochastics and the RSI are diverging but are Neutral to Bullish signalling that sideways to higher prices are possible near term.

Support: 1309.35, 1300.00, 1296.60, 1292.50, 1285.15

Resistance: 1324.35, 1331.45, 1339.35, 1341.10, 1350.00

Recommendation: Sell Gold below 1315.00 targeting 1305.00, 1297.00 then 1286.00 and stop-loss above 1334.00 this week

Spot Silver

Spot Silver closed lower Monday.

The lowrange close set the stage for a steady to lower opening when Tuesday's session opens in the US.

Stochastics and the RSI are Bearish signalling that sideways to lower prices are possible near term. If Silver extends the decline off last week's high, the reaction low crossing is the next Southside target.

Closes above the 10-Day MA crossing would temper the near term Bearish outlook.

Support: 20.64, 20.55, 20.18, 20.06, 19.81

Resistance: 21.08, 21.39, 21.75, 22.00, 22.16

Recommendation Sell Silver below 21.00 targeting 20.64, 20.55 then 20.06 and stop-loss above 21.40 this week

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Avatar of Paul Ebeling

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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