Gold prices

Technical Monthly: Potential reverse head & shoulders as prices trade within the monthly ichimoku cloud. A clear break of $1370 is required to confirm the formation. $1300 key support has been breached although losses have been limited. Weekly:  A possible medium term AB=CD formation has a measured move target of $1450. Trend suppo...

2018-06-14 Steve O'Hare Read more
US Dollar Weighs on Metals

Gold As the US Dollar Weighs on Metals, Gold prices came under pressure following the US Dollar's impressive rally last week.  The US Dollar had been under pressure due to mounting concerns over the trade war with China as Trump threatened to increase tariffs on Chinese goods to $150 billion. However, with the more aggressive rhetoric having no...

2018-04-26 James Harte Read more
XAUUSD - Safe haven drive higher continues

Monthly: Price action remains positive and we expect further upside. A potential reverse head & shoulders formation requires a close above $1392 to be considered. The safe haven flows underpin dips. Weekly:  An AB=CD formation has a measured move target in excess of $1450. $1300 has become a pivotal support although dips below here ar...

2018-04-16 Ian Coleman Read more
Trump’s Latest Gift

Trump finally did it. Yesterday’s announcement of 25% tariffs on imported steel and 10% tariffs on imported aluminum is an outright trade war. Regardless of whether protectionism has been the cornerstone of Trump’s campaign promises, once it is announced markets react. As Trump was backing protectionism in Thursday’s press conference, Fed Cha...

2018-03-23 Ashraf Laidi Read more
GoldBars

In my article from 4 months ago about gold versus bond yields, I concluded that gold would reach $1330-1350 from the $1280 level at the time of writing the analysis. So where do we go from here?   The Real Deal As bond prices fall and their yields surge to the highest in over four years, there may be a risk that the advance in yields c...

2018-02-07 Ashraf Laidi Read more
CommoditiesWrap

Gold: Weaker US Dollar Keeps Gold Supported The price was  something of a proverbial roller coaster this week, caught between opposing forces of a weaker US Dollar providing support and a risk off environment fuelling supply. Despite the Fed being engaged in a hiking cycle, it seems that it is flows rather than rates which are having the most i...

2018-01-17 James Harte Read more