Gold Prices Weaker On Technical Selling

as informed in The following move for gold prices probably not please the bulls, that are likely betting for the return of stock market volatility boosting sentiment around the yellow metal. Gold prices are drop slightly in 2018 in spite of the prospect of hight inflation. Top gold stocks have fared worst though, with Rangold Resources (GOLD) drop 18% this year & FCX (FCX) off with 7%. The Fed Reserve's widely foreseen decision to increase interest averages on Wednesday can be the trigger to send gold prices sharply lower. "Normally, the time the market goes from not pricing in average hikes to suddenly pricing average hikes, that's extremely bad break news for gold," CME Group's executive director & senior economist Erik Norland said Kitco News' Daniela Cambone.

Gold Prices Boosted with A Rush To security Amid Trade War Fears

(Kitco News) - Gold prices quickly climbed in Asian trading on Friday, as Businessmen rushed to security amid escalating fears of a trade war next unite states President Donald Trump's declaration of tariffs on Chinese goods. April Comex gold futures jumped to $1,336.70, up 0.70% on the day, When spot gold on Kitco.com was final trading at $1,337.00, up 0.63% on the day. Trump's presidential memorandum, that was signed on Thursday, can cuff tariffs on up to $60 bn of imports from China. In response to Trump's move, China told it can introduce tariffs on up to $3 bn of unite states imports. Gold prices reacted positively to Asian equities tumbling early on Friday as markets began to fear escalation from China.

Gold Prices Bid as Markets Sell-off, Trump Tariffs Stoke Haven Demand

as declared in For gold, the advance has taken prices out of the every month opening-range highs & saves the focus higher heading into the every month close. From a technical standpoint, Gold has stretched into new every month highs with the advance saving the near-term focus higher heading into following week. Gold DailyPrice ChartA breach above the objective every month opening-range highs alongside an RSI resistance-trigger break saves the focus higher in gold heading into the March close. A breach above this threshold Information Systems needed to check resumption with such a scenario targeting the 2016 high lock / 2018 high at 1366 backed with a key Fibonacci confluence at 1378/79. Gold 120min value ChartEarlier this 30 days I noted that, "IF prices are heading higher, backing into this standard ought hold (.

Gold Prices Weaker On Technical Selling

Chart-based selling Stress Information Systems featured to begain the trading week, as a near-term value downtrend Information Systems in place on the every day chart. Technically, April gold bears have gained the slight overall near-term technical advantage. Gold bulls' following upside near-term value breakout objective Information Systems to Production a lock above solid technical resistance at final week's high of $1,330.50. 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 March high of $16.895 an ounce.

collected by :kiven Dixter