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    The Dollar Index is finding support at 96.50/97; the latest long tail on the weekly chart signaling buying pressure. But the primary trend is down and breach of support would signal a decline to test the 2016 low at 92/93. Spot Gold is testing support at $1250. Fundamentals, like a weaker Dollar and rising political …


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  • 06/23/17--15:58: Gold finds support at $1250
  • The Dollar Index continues to test support at 96.50. The primary trend is down and breach of support is likely, signaling a decline to test the 2016 low at 92/93. Spot Gold found support at $1250. A weaker Dollar and rising political uncertainty both favor an up-trend but rising interest rates are expected to weaken …


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    I don’t attach much significance to the Gold-Oil ratio on its own but it’s back in overbought territory, above 25. The chart below — plotting inflation-adjusted prices (over CPI) — far better depicts the relationship between gold and crude oil. Each major spike in crude prices over the last 50 years has been followed by …


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    Spot Gold broke support at $1250. Follow-through below $1240 would signal another test of primary support at $1200. But the Dollar Index is also falling. Breach of 96.50 warns of a decline to the 2016 low at 92/93. Dollar weakness is even reflected by a test of long-term support at 6.80 against the Yuan. Breach …


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  • 07/07/17--16:57: Gold tests resolve
  • The Dollar Index is in a primary down-trend. Short-term support is unlikely to hold. The long-term target is the 2016 low between 92 and 93. Silver often acts as a lead indicator gold. Testing primary support at $15.50/15.60 per ounce, breach would warn of a primary down-trend. I have been bullish on gold since the …


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    The Dollar Index is in a primary down-trend. Breach of support at 95.50 signals another decline. The long-term target is the 2016 low between 92 and 93. A weakening Dollar and geo-political uncertainty should fuel demand for gold, but gold and silver have both been testing support in recent weeks rather than advancing strongly as …


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    The Dollar Index is in a primary down-trend. Its decline accelerated in the last week, headed for the next level of primary support between 92 and 93, which is bullish for gold. Falling crude prices, however, have a bearish influence on gold. Nymex light crude recently staged a rally but ran into resistance at $47.50/barrel. …


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    The Dollar Index is testing primary support between 92 and 93; bullish for gold. Breach of support would offer a long-term target between 83 and 84*. *Target: 93 – ( 103 – 93 ) = 83 Crude rallied strongly this week, with Nymex light crude testing its upper trend channel at $50/barrel. Respect would indicate …


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    The Dollar Index is testing primary support between 92 and 93. Breach of support would offer a long-term target between 83 and 84* — a bullish sign for gold. *Target: 93 – ( 103 – 93 ) = 83 Crude continues to test resistance at $50/barrel. Respect would indicate another test of the lower trend …


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    Yesterday’s solid blue candle on the gold chart [XAUUSD] confirms my view of the precious metal as a form of “Trump insurance”. After Trump and North Korea exchanged threats suggesting nuclear retaliation, gold gained 1.32%, breaking resistance at $1275/ounce. Follow-through above $1300 would signal a primary advance, with a target of $1400*. * Target calculation: …


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    The Federal Reserve last year announced plans to shrink its balance sheet which had grown to $4.5 trillion under the quantitative easing (QE) program. According to its June 2017 Normalization Plan, the Fed will scale back reinvestment at the rate of $10 billion per month and step this up every 3 months by a further …


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  • 05/04/18--17:13: Aussie gold stocks breakout
  • The Dollar rally continues, with the Dollar Index headed for a test of resistance at 95. Penetration of the descending trendline suggests that a bottom is forming. Bullish divergence on the Trend Index indicates buying pressure. But rising crude prices weaken Dollar demand. Despite the Dollar rally, Spot Gold found support at $1300, with a …


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    The Dollar rally is slowing, with the Dollar Index running into resistance at 93, ahead of the anticipated 95. Penetration of the descending trendline suggests that a bottom is forming. Bullish divergence on the Trend Index indicates buying pressure. Retracement that respects the new support level at 91 would be a bullish sign. Breach of …


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  • 05/17/18--18:34: Gold stocks retreat
  • The Dollar rally continues, with the Dollar Index heading for a test of resistance at 95. Penetration of the long-term descending trendline suggests that a bottom is forming. Bullish divergence on the Trend Index indicates buying pressure. But rising crude prices still threaten to weaken the Dollar. Spot Gold broke support at $1300, warning of …


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    10-Year Treasury yields retreated below 3.0 percent after threatening a bond bear market for the past week. Breakout above 3.0 percent would complete a large double bottom reversal in the secular down-trend. Rising bond yields would be expected to weaken demand for gold as the opportunity cost of holding precious metals increases. The other major …


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    The Dollar Index encountered resistance at 95 and is now retracing to find support. Support above 91 would be bullish, while breach of 91 would see another test of primary support at 88.50. 10-Year US Treasury yields are likely to face stubborn resistance at 3.0 percent until threats to the European Union emanating from Italy’s …


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    The Dollar Index encountered resistance at 95 and is now retracing to find support. Support above 91 would be bullish, while breach of 91 would see another test of primary support at 88.50. 10-Year US Treasury yields are likely to face stubborn resistance at 3.0 percent until threats to the European Union emanating from Italy’s …


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    The Dollar Index rallied to test resistance at 95 in response to the latest Fed rate hike. Short retracement is a bullish sign. Spot Gold retreated to $1280/ounce. Penetration of the rising trendline warns of a correction to test primary support at $1250. A Trend Index peak below zero warns of strong selling pressure. Fortunately …