gold technical outlook

Gold: Fed Hawkishness Weighs on Yellow Metal The yellow metal came under pressure this week as reports indicated that Republican senators are backing Stanford professor John Taylor to become the next President of the Federal Reserve.… Read More

Gold prices lost close to 3% last month (October) after price failed to push higher above the $1350 handle. On a year to date basis, gold futures are still higher with 21.48% increase on a year to date basis. The recent gains since a week… Read More

Summary: Gold prices lose over three percent yesterday breaking below the psychological 1300 support Richmond Fed, Lacker maintains hawkish views on Fed rate hikes Gold validates the technical descending triangle pattern as… Read More

After a brief pause on Monday, gold saw renewed bullish momentum as prices surged back to regain the $1350 handle. The gains came after yesterday's Institute of Supply Management's non-manufacturing PMI report. Data showed that the services… Read More

The price of spot gold rallied strongly in the first two days of this week riding on a weaker US dollar and the monetary policy actions from the Bank of Japan last week and yesterday's fiscal stimulus announcement. Spot gold closed at… Read More