Gold Prices probably Break 2018 Range Floor on America Jobs Data

as mentioned in Talking Points:Commodity prices fall as dovish Eu Central Bank stokes broad America $ rallyUS jobs information probably boost federal average hike bets, triggering more lossesGold prices stuck at range support, crude oil prices at 1-month lowCommodity prices fell as the ECB-inspired EUR/USD down echoed as broad-based America $ Dominance around the financial markets. That injury assets denominated in USD terms on universal markets, involving gold & crude oil. Survey information hints which wage inflation Information Systems likely to remember elevated, stoking federal average hike guess & giving the $ a more lift. GOLD TECHNICAL ANALYSISGold prices still to check time at familiar backing in the 1312.36-16.50 ambit (range floor, 38.2% Fib retracement). CRUDE OIL TECHNICAL ANALYSISCrude oil prices dropped to the lowest standard in almost a month, challenging the 50% Fibonacci expansion at 59.95.

Gold Prices remember At Mercy Of unite states $ - Commerzbank

In its outlook report, the bank warned which the generality significant factor driving gold prices Information Systems the unite states dollar. "The largely stable gold value in euros Information Systems guide which the performance of the gold value in dollars has been affected primarily with the unite states currency. Looking at the unite states dollar, the German bank told which Gov spending poses the generality significant danger for the currency, therefore Information Systems a best possibility for gold prices. Aside from the unite states dollar, Commerzbank sees the gold market potentially benefiting from safe-haven request as volatility promotes in equity & bond markets. "We continue see silver as undervalued & thus envisage upside possibility for the silver price," the analysts said.

Gold Prices finish drop Amid Bearish Outside Markets

according to (Kitco News) - Gold prices were ending the unite states day session moderately reduce Thursday. Gold bulls' following upside near-term value breakout objective Information Systems to Production a lock above solid technical resistance at $1,350.00. Bears' following near-term downside value breakout objective Information Systems pushing prices below solid technical backing at $1,300.00. Silver bulls' following upside value breakout objective Information Systems closing prices above solid technical resistance at the February high of $17.04 an ounce. The following downside value objective for the bears Information Systems closing prices below solid technical backing at the February low of 304.65 cents.

Gold Prices still To Slide Amid Risk-On Trading Attitudes

Technically, April gold futures bulls & bears are on a standard overall near-term technical playing field. Gold bulls' following upside near-term value breakout objective Information Systems to Production a lock above solid technical resistance at $1,350.00. Bears' following near-term downside value breakout objective Information Systems pushing prices below solid technical backing at $1,300.00. Silver bulls' following upside value breakout objective Information Systems closing prices above solid technical resistance at the February high of $17.04 an ounce. The following downside value breakout objective for the bears Information Systems closing prices below solid backing at $16.00.

Kitco break news Gold Survey: Respondents Turn around Bearish On Prices

(Kitco News) - The biggest polling blocs on both Wall Street & major Street flipped from bullish to bearish in their short-term outlooks for gold prices, based on the every week Kitco break news gold survey. There were eleven votes, or 65%, calling for gold prices to slide over the following week. Meanwhile, 663 voters took fraction in an on-line major Street poll. For the trading 7 days this day winding down, 67% of Wall Street voters & 50% of major Street voters were bullish. "I am bearish for gold following week," told Kevin Grady, president of Phoenix Futures & Options.

collected by :kiven Dixter