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Spot Gold | Spot Gold: Can inflation moves the yellow metal? | | News2Gold

Spot Gold | <b>Spot Gold</b>: Can inflation moves the yellow metal? | | News2Gold


<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

gold daily 18 August 2014

Technically, its back into the triangle.

  • A break to the upside would open up more moves towards 1330 and 1344 resistance leves.
  • On the other hand, a break to the downside would expose gold to further decline towards 1276 and 1240 support levels.
  • Either breaks if coupled with high volume its worth to consider.
  • Currently, RSI is pointing lower suggesting a bias to the downside. Additional breaks from the trendline in RSI would provide more evidence in the suggesting moves.

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> | Live Trading News

Posted: 28 Aug 2014 12:43 AM PDT

Posted by: : Paul EbelingPosted on: August 28, 2014 Technical Analysis: Spot Gold

Technical Analysis: Spot Gold

Spot Gold finished higher Wednesday.

The mid-range close set the stage for a steady opening when Thursday's US Nymex session.

Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term.

If Spot Gold extends this month's fall, the reaction low crossing is the next Southside target.

Closes above the 20-Day MA crossing will confirm that a short term low is in.

Support: 1280.25, 1278.00, 1272.00, 1268.60, 1262.65

Resistance: 1289.40, 1292.60, 1296.60, 1301.30

Recommendation: Outlook is positive above 1280.25, risk-limit below 1272.60

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Stay tuned…

HeffX-LTN

Paul Ebeling

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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> edges up on dollar drop, heightened tensions - American <b>...</b>

Posted: 27 Aug 2014 11:36 AM PDT

Aug 27 (CNBC) —  Spot gold edged up on Wednesday as a lower dollar and lingering geopolitical tensions helped offset selling pressure from a record rally in U.S. equities.

The dollar softened as traders focused on riskier assets, while speculation the European Central Bank will resort to monetary stimulus also triggered some interest in bullion, traders said.

On Wednesday, Ukraine accused Russian forces of launching a new military incursion across its border, a day after the leaders of both countries agreed to work toward ending a separatist war in the east of the country.

"The numerous sources of geopolitical crisis are evidently preventing the gold price from slumping," said Eugen Weinberg, head of commodity research at Commerzbank.


He said gold was currently trading around a key technical support at its 200-day moving average near $1,285 an ounce, but a possible dollar rally and rising U.S. equities could still pressure bullion prices.

Spot gold was up 0.2 percent at $1,283 an ounce, while U.S. gold futuresfor December delivery underperformed spot, down $1.80 an ounce at $1,284 an ounce. Trading volume was on track to finish below its 30-day average, preliminary Reuters data showed.

GOLD Gold (Dec'14) 1283.80 -1.40 -0.11% 60894
GOLD/USD Gold / US Dollar Spot 1282.4399 1.80 0.14%
SILV/USD Silver / US Dollar Spot 19.41 0.07 0.36%
SILVER Silver (Sep'14) 19.405 0.019 0.10% 15068
PALL/USD Palladium / US Dollar Spot 890.25 9.05 1.03%
PLAT/USD Platinum / US Dollar Spot 1413.50 2.90 0.21%

The yellow metal was on track to post a second consecutive day of gains while the S&P 500 equities index hovered around the 2,000 mark near its record high.

Gold was also supported after German consumer sentiment showed its biggest drop in more than three years.

Also underpinning gold was ECB President Mario Draghi's call last week for more action on both the monetary and fiscal fronts.

Holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund and a gauge of investor demand, fell 0.4 percent to 797.09 tonnes on Monday from 800.08 tonnes on Friday.

SOURCE

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<b>Spot gold</b> higher as Asian markets open - Proactiveinvestors (AU)

Posted: 26 Aug 2014 09:31 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 higher as Asian markets open

Wednesday, August 27, 2014 by Proactive Investors

Spot gold higher as Asian markets open

Spot gold has edged a couple of dollars higher to US$1283 an ounce in afternoon trade in Australia / morning trade in Asia.

Overnight the yellow metal had its best day in two weeks with gold for December delivery on the Comex adding 0.5% at US$1,285.20 an ounce.

Investors were increasing gold positions as a safe-haven, as tensions flared on the border between Ukraine and Russia.

Russian President Vladimir Putin began talks today with his Ukrainian counterpart, Petro Poroshenko. Ukraine said that 12 servicemen and 200 rebels died in the past 24 hours.

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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1 Comment for "Spot Gold | Spot Gold: Can inflation moves the yellow metal? | | News2Gold"

SPDR gold trust holdings dropped by 0.60 tonnes i.e. 0.08% to 795.00 tonnes from 795.60 tonnes.

 
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