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Trading with Other Commodities

Gold drops as Ukraine appears to de-escalate

March 19, 2014 1:35 pm GMT+0  in Trading with Other Commodities

Russia’s annexation of Crimea became a fait accompli once the region voted through a referendum to secede from the Ukraine and become a part of Russia. Putin, pleased with the result, expansively assured Russian Parliament that he has no intentions of taking over other Ukrainian territory, as suggested by speculative rumours. These developments have takenRead the Rest…

Waiting for short signal at WTI Crude oil swing level

November 12, 2013 6:51 am GMT+0  in Trading with Other Commodities

Generally we stay clear of the crude oil markets, as they generally display high levels of volatility while whipping up and down but really getting no where. Every now and again the crude oil markets will develop into a trend, that’s when we focus our attention. When crude trends it generally produces very nice priceRead the Rest…

Gold Technical Update – WC 7th January

January 6, 2013 5:30 pm GMT+0  in Trading with Other Commodities

Gold Technical Update – WC 7th January Gold (XAUUSD) plummeted lower and ultimately moved below the key $1630 per ounce level on Friday morning, this area marked the lowest level found since last August, and a drop of over 3% in just 24 hours. This area held on the daily closing basis, with a subsequentRead the Rest…

Gold Technical Analysis – Dec 24th

December 26, 2012 12:02 am GMT+0  in Trading with Other Commodities

Gold Technical Analysis – Dec 24th Gold Technical Analysis The price of gold has found support at a key level comprised of the following technical points of interest:  61.8% Fibonacci retrace, FE100 expansion from a potential ABC correction point and the previous resistance area around $1630 – as highlighted in our previous update. The latest reversal came just above this tight confluence levelRead the Rest…

Gold Update WC 12th November

November 11, 2012 7:37 pm GMT+0  in Trading with Other Commodities

Gold Update WC 12th November Gold Technical Analysis - Gold finished the week close to the $1730 per oz mark on Friday, after scaling to highs around $1738.71, a two-week high for the precious metal. A risk aversion tone dominated throug the week with the SPX (S&P 500 index which is often seen as a barometerRead the Rest…

Gold Update For 9th November

November 9, 2012 11:42 am GMT+0  in Trading with Other Commodities

Gold Update For 9th November Gold is trading higher as a risk aversion theme dominates market sentiment and the so-called U.S. “fiscal cliff” remains a key factor.  Gold is up around 3.5% on the weekly basis. Gold stored in ETP (exchange-traded products) registered around 2,596.106 metric tons, as of yesterday, according to recent data from Bloomberg.Read the Rest…

Gold Price At Two-Month Low Following NFP

November 3, 2012 11:23 am GMT+0  in Trading with Other Commodities

Gold Price At Two-Month Low Following NFP Gold is at a two-month low as broad based dollar strength was seen on Friday, the precious metal broke through the $1700 level after a stronger than anticipated NFP (US Non Farm Payroll) report.  This was the fourth weekly loss in a row for gold. Gold Technical Analysis studiesRead the Rest…

Gold Tech/Sentiment Update – 25/10/12

October 25, 2012 9:52 pm GMT+0  in Trading with Other Commodities

Gold Tech/Sentiment Update – 25/10/12 Gold has continued its recent downside after finding interim resistance near the nine-month highs.  Gold prices have dropped over 5% during the previous 2 weeks. Recent low gold prices might prove to be attractive for potential new buyers.  India’s Diwali festival approaches with a possible increase in demand for the previousRead the Rest…

Gold Technical Update 19th October 2012

October 21, 2012 11:14 am GMT+0  in Trading with Other Commodities

Gold Technical Update 19th October 2012 Gold Analysis from Forex FX 4X  The XAUUSD (spot gold) has traded into fresh one-month lows today as the market comes to terms with worse than expected earnings reports and the US dollar gained accordingly.  Commodities are being dragged lower with metals along with oil amongst the losers; oilRead the Rest…