gold futures
Fundamental Analysis

Gold Prices Remain Flat Ahead of Key US Inflation Data

There is a 93% probability of a 50bps Fed rate hike next week. Initial jobless claims in the US went up slightly last week. The US economy could experience a brief and modest recession next year. Gold prices were mostly unchanged on Friday as wary investors kept an eye on important US inflation data and Read More…

gold futures
Market Overview Technical Analysis

Gold (GC) Futures Analysis: Possible Bounce off the $1,780 Support Level

Gold retracement gives a possible long reentry for the Bulls. Rising wedge pattern identified on the 4-hour time frame. Market overview as we approach the Fed meeting next week. Quick Recap Gold Futures pushed through the $1,780 level mentioned in our analysis on December 2nd. The price has retraced from a recent high of $1,822.9 Read More…

gold futures
Market Overview Technical Analysis

Technical Analysis: Gold Rallies to Hit Price Target at 1,780

The first target of $1,780 is very close to being hit as Gold rallies. Potential catalysts that could send the price lower. Quick Recap On Last Week’s Gold Analysis The bounce off the 100 EMA, Point of control, and 0.236 Fibonacci retracement level has already resulted in Gold gaining about 25 points since we did Read More…

Precious metal
Fundamental Analysis

Precious Metals Tick Higher as the US Dollar Continues to Weaken

Precious metals continue to rally after FOMC minutes. Long-term US Treasury yields fall to a more than seven-week low. Investors are leaning towards a 50bps Fed hike in December. The prices of precious metals rose on Friday as markets continued to assess the Federal Reserve’s dovish signals. Long-term Treasury yields in the United States fell Read More…

Market Overview Technical Analysis

Gold (GC) Futures Retrace & Find Support Off Point of Control

Technicals appear bullish in the medium term for Gold. Analysis of the volume profile, Fibonacci retracements, and 100-day Moving Average. Entry and stop loss placement ideas. Daily Chart Analysis In our previous article, we indicated that even though Gold was rallying with strong intent, there was no point chasing the market, but rather ideal to Read More…

gold futures
Market Overview Technical Analysis

Technical Analysis: Gold Soars 10% In One Week

Gold prices trading the major support zone on the monthly chart Potential bullish targets. RSI showing overbought in the short run. Bull flags and the Gaussian channel on the hourly chart. Monthly View We did a piece a few months ago on the multi-year support zone in Gold between $1,674.1 and $1715.5 here. The Gold Read More…