US Dollar, Gold Price, S&P 500 React to June 2020 Jobs Data
US DOLLAR, GOLD PRICE, S&P 500 – MARKET REACTIONS TO JUNE 2020 NFP REPORT, WEEKLY JOBLESS CLAIMS DATA US Dollar remains under pressure with the DXY Index trading about 0.25%… Read more »
Tag: Gold
Gold Breakout to Fresh Highs Begins Pull Back
Gold Price Analysis Gold prices have set yet another fresh seven-year-high. Longer-term, gold prices remain overbought via RSI, creating a conundrum for a fresh bullish breakout. Tomorrow brings NFP on… Read more »
Gold trades below its 200 hour moving average
The precious metal is down $30 from the high The price of gold reached a new high going back to 2012 at $1789.28 (at the London session high). Since and however the price has… Read more »
Gold Price Forecast: Bulls on Parade, Still
Gold Price Forecast Overview: Gold futures climbed past $1800/oz today for the first time since 2011, a sign that the tailwind behind the spot gold price market remains strong. It… Read more »
Gold vs. Bitcoin: $2.8B Fake Bullion Scam Highlights BTC Benefits
The Bitcoin (BTC) versus gold debate rages on this week as reports reveal fake bars fuelled a $2.8 billion corruption scheme. As Chinese media outlet Caixin reported on June 29… Read more »
Second Wave To Push Gold Price To $2000, According to Goldman Sachs and Peter Schiff
Gold’s price reached an 8-year high this week, and a Goldman Sachs projection sees the precious metal to continue rising in the next twelve months to $2,000 per troy ounce…. Read more »
The Surge in Gold Prices Poses a Risk to Market-Makers
Gold price volatility has re-emerged following a slumber since April 14. The move higher could present challenges for brokers that take the other side of their client’s bets. Client positioning… Read more »
Bullish Breakout in GDXJ (Gold Miners Juniors) Imminent
Gold market continues to extend higher with uncertainties in pandemic and ultra-loose monetary policy by central banks. It has printed a 7 year high of $1779 and shows no sign… Read more »
Dow Jones, US Dollar, Gold Prices, Rising Virus Cases
The Dow Jones, S&P 500 and Nasdaq Composite wobbled into this past week’s close, leaving risk trends on an uncertain note heading into the holiday-shortened week. Declining Treasury yields on… Read more »
Gold Gann Analysis Weekly Forecast
Gold has taken support at Gann Angle as shown in below chart and price reacted from Sun Planetary line Support as shown in below chart and saw a good bounce… Read more »