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referring to Another bullish sign, prices have climbed above the 200-day moving average and Britain's Royal Mint said bullion purchases jumped 20 percent in the first quarter. In a Bloomberg survey this week, traders and analysts were the most positive on gold since December 2015. Animal spirits starting to wake up, says O'Byrne of GoldCoreIs the Current Demand for Gold All Safe Haven Related? In the Bloomberg weekly survey, 14 respondents reported a bullish view, compared with one bear and two neutral. O'Byrne predicted prices could run to $1,400 an ounce by the end of the year.
as informed in Gold WeeklyIf gold were to close higher on the week (which we're well on pace to do), it would be the fifth consecutive weekly advance. Comments made by President Donald Trump regarding overvaluation in the greenback further fueled the advance, taking prices through key regions of resistance on Wednesday. However, as described below the weekly close will be crucial in assessing the validity of breach above multi-year trendline resistance extending off the record highs. Gold DailyA closer look at the daily chart further shows how precarious this break is. That said, while the risk does remain for further dollar losses near-term, the knee-jerk trump rally in gold is unlikely to sustain prices at these levels and leaves the immediate advance vulnerable heading into next week.
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referring to Another bullish sign, prices have climbed above the 200-day moving average and Britain's Royal Mint said bullion purchases jumped 20 percent in the first quarter. In a Bloomberg survey this week, traders and analysts were the most positive on gold since December 2015. Animal spirits starting to wake up, says O'Byrne of GoldCoreIs the Current Demand for Gold All Safe Haven Related? In the Bloomberg weekly survey, 14 respondents reported a bullish view, compared with one bear and two neutral. O'Byrne predicted prices could run to $1,400 an ounce by the end of the year.
as informed in Gold WeeklyIf gold were to close higher on the week (which we're well on pace to do), it would be the fifth consecutive weekly advance. Comments made by President Donald Trump regarding overvaluation in the greenback further fueled the advance, taking prices through key regions of resistance on Wednesday. However, as described below the weekly close will be crucial in assessing the validity of breach above multi-year trendline resistance extending off the record highs. Gold DailyA closer look at the daily chart further shows how precarious this break is. That said, while the risk does remain for further dollar losses near-term, the knee-jerk trump rally in gold is unlikely to sustain prices at these levels and leaves the immediate advance vulnerable heading into next week.
as informed in
Gold Prices Stretch Rally In To a Third Straight Session
Market Data provided by Interactive Data (Terms & Conditions). Real-time quotes provided by BATS BZX Real-Time Price. Economic data provided by Econoday. Mutual fund and ETF data provided by Lipper. Company fundamental data provided by Morningstar.read more visit us gold
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