Gold futures have been consolidating within a larger price range of around 1230 through 1185 for the past couple of weeks indicating a possible break out from this range. On the weekly chart time frame, Gold futures have been trading near the major support level of 1200 through 1170 and is possibly one of the reasons of the sideways price action...

2015-06-01 John Benjamin Read more

Gold futures have been quite resilient in the past few weeks and for the most part failed to break significantly below the 1200 handle, making this psychological round number an important price magnet. The 4-hour chart time frame for Gold shows a large consolidation taking place identified by the rising wedge pattern. So far we have all the c...

2015-05-25 John Benjamin Read more
Gold & Silver Technical Update

The precious metals markets has been particularly choppy for the past few weeks with price action showing that Gold and Silver futures have been trading within a broad range with no clear direction in sight, despite the broader weakness in the US Dollar Index. However, if we consider the recent rout in the Bond markets and the shift in the marke...

2015-05-15 John Benjamin Read more
gold and silver 170415

Gold looks bearish on a break below 1200 Gold futures have seen a lot of consolidation in the past few weeks however the fact remains that prices of Gold remain poised to the downside in the medium to longer term. The first chart shows the daily chart for Gold futures. Plotting the price action with the Pitchfork tool, we notice the consolida...

2015-05-11 John Benjamin Read more
Gold and Silver

Prices of the precious metal, Gold saw a sideways pattern start to take shape after a high at 1224.3 was made three weeks ago around the week of 5th of April and since then, prices of Gold have been hovering between the highs at 1224 and 1184.13 lows. At the time of writing, Gold is looking to test the lower end of the range, with price nearing ...

2015-04-29 Orbex Read more
gold and silver 170415

Gold futures look to have settled near the 1200 level after most of last week saw prices bouncing off this level with neither the bulls nor the bears in control. With Gold being heavily influenced by the US Dollar, this sideways market seems to have an answer from the Dollar index, which itself has been bouncing off the brief (second) retest to ...

2015-04-20 Orbex Read more
Gold and Silver Update

Below is the Gold and Silver update technical analysis for Friday, the 10th April: Is Gold back to resuming its bearish trend? After briefly spiking to 1222 as noted in our previous weekly analysis for Gold, Gold futures promptly declined lower breaking out from the rising price channel on the 4-hour charts. Currently, price action looks t...

2015-04-13 Orbex Read more
Gold and Silver Update

Gold and silver update for 3rd April features the following: Gold poised to test $1222 Gold futures saw a bullish week in what seems to be a continuation of gains from the previous metal for the third week in a row, after reversing from lows of 1142.92. The weekly charts confirm that the bullish engulfing pattern witnessed three weeks ago ...

2015-04-03 Orbex Read more
Gold & Silver Technical Update

Gold & Silver Technical Outlook Gold Futures – Technical Update Gold futures seemingly performed well this past week considering the key risk this week was the FOMC meeting minutes. As noted in our last week's analysis of Gold futures, price managed to reverse its losses to head back to the main level of 1186 - 1200 handle and in the pro...

2014-12-24 Orbex Read more
Gold & Silver Technical Update

Gold Futures – Technical Update Gold futures bounced back from last week’s low of 1132 to form a sharp pin bar rejection candlestick pattern. Unless we see a lower close below 1132, Gold futures could be moving into a sideways price action ahead of the FOMC meeting minutes, due to be released on the 19th, next Wednesday. From the updated char...

2014-12-24 Orbex Read more