Tag Archives: gold

GOLD – Technical Analysis

Gold prices remain near two-year lows, and are forming a symmetrical triangle on the weekly chart. Gold plummeted to a low of $1,321 on April 16, from which the lower line of the triangle begins. This is the lowest level since the beginning of 2011. After a slight rebound in early June, gold is heading lower again, trading below resistance at the 55-day moving average at $1,380. It is expected...

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June 12, 2013 @ 1:07 pm

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Weak dollar lifts gold

The US dollar is underperforming against most of its major peers on Thursday, as investors are taking profits on recent rallies as a result of expectations that the US Federal Reserve will taper its bond purchase program soon. This $85 billion a month program had a weakening effect on the dollar, so any plans to cut back on this type of stimulus will make dollar more favourable...

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May 30, 2013 @ 9:01 am

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Gold extends lower as USD strengthens

Gold prices headed lower on Tuesday, giving up modest gains made against the US dollar yesterday. A broadly stronger US dollar that was driven by a jump in the USDJPY pair as Japan’s Nikkei stabilized led to demand in the precious metal to fall as investors preferred to buy the dollar. Gold traded at $1,392 a troy ounce during European morning hours on the Comex division of the New York...

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May 28, 2013 @ 9:24 am

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Silver falls to lowest since 2010

Precious commodities like gold and silver are back in the spotlight since their sharp declines about a mid-April. Both metals are sending some important signals as to the state of play in the markets at the moment. Since a month ago silver has broken its April low and the weakness has accelerated since the break of this support today, falling to the lowest since September 2010. While gold...

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May 20, 2013 @ 1:34 pm

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