Spot Gold | Weaker US Jobs Data Causes Slight <b>Spot Gold</b> Jump | Gold <b>...</b> | News2Gold |
- Weaker US Jobs Data Causes Slight <b>Spot Gold</b> Jump | Gold <b>...</b>
- Technical Analysis: <b>Spot Gold</b> And Spot Silver | Live Trading News
- Technical Analysis: <b>Spot Gold</b> | Live Trading News
| Weaker US Jobs Data Causes Slight <b>Spot Gold</b> Jump | Gold <b>...</b> Posted: 05 Sep 2014 08:38 AM PDT Spot gold showed a slight recovery from its lowest point in nearly three months as weak U.S. job data fueled fears about the economy. However, the yellow metal still faces obstacles. According to Reuters:
Victor Thianpiriya, an analyst at ANZ, said: -->  |
| Technical Analysis: <b>Spot Gold</b> And Spot Silver | Live Trading News Posted: 05 Sep 2014 01:26 AM PDT  Fridays Technical Analysis: Spot Gold And Spot Silver Technical analysis is the forecasting price movement using market generated data, such data is the type of information used by a technical analyst. Below see the current data (charts and technical comments) for Spot Gold and Spot Silver, as follows; Spot Gold Spot Gold closed lower Thursday as it extends the decline off of the July high. The low range close sets the stage for a steady to lower opening when Fridays US session opens. Stochastics and the RSI are oversold, but are Neutral to Bearish indicating that sideways to lower prices are possible near term. If Spot Gold extends this month's decline, the June low crossing is the next Southside target. Closes above the 20-Day MA crossing are needed to confirm that a short term low is in. Support: 1260.90, 1260.90, 1252.15, 1250.80, 1248.00 Resistance: 1274.55, 1280.30, 1285.15, 1289.00, 1292.65 Recommendation: the outlook is positive above 1262.00, risk-limit below 1250.00 Spot Silver Spot Silver closed lower Thursday extending its fall from the July high. The low range close set the stage for a steady to lower opening when Fridays the US session opens. Stochastics and the RSI are oversold, but are Neutral to Bearish indicating that sideways to lower prices are possible near term. If Spot Silver extends the fall off of the July high, May's low crossing is the next Southside target. Closes above the 20-Day MA crossing are needed to confirm that a low is in. Support: 19.25, 19.00, 18.65, 18.40, 18.00 Resistance: 19.65, 20.00, 20.25, 20.50, 21.15 Recommendation: the outlook is negative below 20.00. Stay tuned… HeffX-LTN Paul Ebeling The following two tabs change content below.   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. |
| Technical Analysis: <b>Spot Gold</b> | Live Trading News Posted: 04 Sep 2014 01:08 AM PDT  Technical Analysis: Spot Gold Spot Gold closed higher due to a rise in demand from India Wednesday. The high range close sets the stage for a steady to higher opening when Thursday's US session opens. Stochastics and the RSI are oversold but are Neutral to Bearish indicating that sideways to lower prices are possible near term. If Spot Gold extends this month's decline, the reaction low crossing is the next Southside target. Closes above the 20-Day MA crossing are needed to confirm that a short term low is in. In the Asian session, at GMT0300, the Spot Gold is trading at 1273.9, 0.31% higher from Wednesday's close. Spot Gold is expected to see 1st support at 1265.733, a break there could push it to the next support at 1257.567. Spot Gold is expected to see 1st resistance at 1278.233, a break there could drive it to the next resistance at 1282.567. The yellow metal is trading above its 20 Hr and 50 Hr moving averages Support: 1265,73, 1260.90, 1252.15, 1250.00, 1248.00 Resistance: 1278.23, 1285.15, 1289.00, 1292.65, 1301.30 Recommendation: prefer to remain Neutral in here waiting for new confirms. The following two tabs change content below. 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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