XAUUSD 07-03-2018

Daily Forex Market Preview, 07/03/2018 The U.S. dollar was seen closing weaker as demand for risk appetite grew. News reports about North Korea being open to talks with the U.S. lifted the markets higher. On the economic front, the Eurozone retail sector PMI was seen rising to 52.8 compared to 50.8 previously. In the U.S. factor orders were u...

2018-03-07 John Benjamin Read more
XAUUSD 22.11.17

XAUUSD intra-day analysis XAUUSD (1280.61): Gold prices continue to consolidate with the attempt to retest the 1285 resistance level failing. Gold prices remain caught within the range of 1285 and 1274 levels as a result. In the near term, this consolidation is likely to emerge into a breakout. With the bias balanced, the breakout could be in...

2017-11-22 John Benjamin Read more
BoJ

An image from one of the Bank of England gold vaults / Bank Of England (Flickr) Gold prices staged an impressive rally last week touching highs of 1375.29 on 6th July. The gains came as market sentiment briefly soured pushing investors to bid up the price of precious metal. As gold surged to a 2-year high, price has started to retreat just as...

2016-07-13 John Benjamin Read more
Gold_Precious metals

Weekly Gold technical and fundamental outlook: ETF inflows see’s a record increase Commercial position continues to add to net long positions (273k contracts) Brexit worry remains a key factor Markets, a bit complacent on Fed rate hike plans Weak long positions at/above $1350 at risk of a pullback $1300 could be the new flo...

2016-07-06 John Benjamin Read more
Gold prices

The precious metal was once again shining following last week's Brexit referendum vote. Prices in Spot gold briefly touched new 2016 highs of $1358.67 an ounce on June 24, 2016. However, prices retreated sharply off the new yearly highs to settle at $1317.32 an ounce on the day. The following day, spot gold prices remained flat resulting in a do...

2016-06-29 John Benjamin Read more
Gold

Gold prices might have posted a strong rally last week after prices briefly traded above the $1300 handle to post a new yearly high of 1315 but the failure to follow through from here is indicating a potential downside in the safe haven metal. The weekly Commitment of Traders report showed a record increase in the net long positions in gold. Th...

2016-06-22 John Benjamin Read more
gold prices_nuggets

Gold prices are showing no signs of downside weakness this week with prices resuming the rally from where they left off last week. Gold is now inching closer to the coveted $1300 level and looks to be supported by a variety of factors; from monetary policy outlook to geopolitical risks. Today's main risk event to watch out for will be the FOMC m...

2016-06-15 John Benjamin Read more