Gold Price Range-break Increases Pressure, Silver Support Under Siege

Gold/silver technical highlights: Gold breakdown has 2016 trend-line in focus Break below trend-line has attention towards 1230s Silver price and trend-line support at risk of breaking soon For a longer-term fundamental and technical outlook on Gold or any of your favorite markets/currency pairs, check out the DailyFX 2Q Forecasts. Gold breakdown has 2016 trend-line in […]

Gold Price Drops as US Treasury Yields Push Higher

Talking Points: – A stronger US Dollar on the back of higher US Treasury yields (both nominal and real) has paved the way for lower Gold prices. – Gold’s symmetrical triangle, previously eying topside resolution, has failed and broken to the downside. – Sentiment for the US Dollarhas started to turn contrarian bullishmidway though Q2’18. […]

Crude Oil, Gold Prices Positioned for Weakness Into Holiday Lull

Talking Points: Crude oil, gold prices mark time as liquidity ebbs into holiday lull Technical positioning hints at weakness when participation returns Weekend news-flow, US data anticipation may translate into gaps Commodity prices marked time as investors settled in for market closures in observance of the Good Friday holiday. Australia, Hong Kong and most of […]

Gold Set Up for Reversal As Sentiment Shifts

Spot Gold: Retail trader data shows 62.3% of traders are net-long with the ratio of traders long to short at 1.65 to 1. The number of traders net-long is 0.1% lower than yesterday and 1.9% lower from last week, while the number of traders net-short is 2.4% higher than yesterday and 2.5% higher from last […]

Gold Technical Analysis: Has Support Set-In?

Talking Points: – Gold prices started a bullish trend in mid-December, rallying from a low of $ 1,236. – The past few days have finally seen that bullish trend pull back; but will buyers respond to near-term support? – Gold is currently carrying heavy bullish retail exposure, with a +2.0 read via IG Client Sentiment. […]

Gold Prices Eyeing SNB, BOE and ECB After Fed-Inspired Rally

Talking Points: Gold prices rise as markets deem FOMC outcome “dovish” SNB, BOE and ECB monetary policy decisions now in focus Crude oil prices fall as EIA shows gasoline stocks swelling Gold prices capitalized as the US Dollar plunged alongside Treasury bond yields following a somewhat confounding FOMC policy announcement. The central bank projected three […]