Tag Archives | Gold Futures

Gold Futures

Gold Trade

Gold has been one of the leaders of the bull market we are seeing in commodities. After a strong run to $750 earlier this spring we have seen gold sag and sink back below $575. On the daily chart Gold has in the past two weeks completed and broke out of a very large coil […]

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Gold Futures

Gold Trade Recommendation

The bull market in commodities is far from over, in fact we are really still just getting started in the long run. Look for energies and metals to resume their leadership role in the near term as we close out this calendar year. The FOMC raising rates this calendar year is about as likely as […]

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Gold Hammered Lower

Gold Hammered Lower

Gold futures were pounded lower Tuesday morning, as the precious yellow metal is caught firmly in the under-tow of sinking crude oil prices. December gold is in a five-month-old downtrend from the May contract high of $753.00 an ounce. The next downside technical objective for the gold bears is the September low of $576.60 in […]

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Gold Sees Potentially Bearish Diamond Pattern

Gold Sees Potentially Bearish Diamond Pattern

December gold futures on Monday dipped to a fresh two-week low of $634.10 an ounce, amid weaker crude oil prices and a ceasefire agreement between Israel and Hezbollah. The bears have regained some fresh downside near-term technical momentum. The daily bar chart for December gold shows that a potentially bearish diamond pattern has formed. Diamond […]

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