Post Tagged with: "Gold price"
Commodities Supportive For Majors – Video Analysis
Hello traders! Stocks are higher and the USD reached new lows against the majors during Asian session. It seems that this type of a price action will continue this week, especially after a sharp impulsive break on EUR/USD yesterday out of its 6-day consolidation range. USD weakness is also seen across the board because of higher
Gold for Oil: India and Iran Ditch Dollar – Report
According to a new and yet unconfirmed report, India bought oil from Iran using gold. India certainly has the gold resources to fund the oil, while Iran is under pressure by the West, due the continuation of its nuclear program. There were reports that officials have been floating this idea for some time, and now,
Gold Glitter Gone – 5 Reasons for Gold Bugs to Hide
The price of gold has also been twisted by Bernanke and doesn’t seem to show signs of recovery. It’s not only the absence of QE3 that is driving the price down. Here are 5 reasons why gold is going down long term. In addition to fundamentals, also the technicals point lower. Gold price has lost
Gold Emerges as Winner from NFP, Oil is the Loser
The flat Non-Farm Payrolls was very disappointing and sent the dollar down. This was better seen in “safe havens” and less in other currencies. But with gold and oil, the outcomes are very clear. Gold, that strengthened before the release, accelerated its moves and hit $1880. There’s still room until the all time high. Silver
Fed minutes shine a light in the dark tunnel
The minutes of the August meeting of the US Fed showed “a few” members of the committee “felt that recent economic developments justified a more substantial move” going beyond the change in language that was offered previously (committing to low rates until mid-2013). This complemented the three members dissenting against the easing of language. In
Gold Seems Unstoppable, Oil Leaning Lower
The recent turmoil in financial markets has a mixed impact on currencies, but with commodities the picture is quite clear. Precious metals go up while all the rest fall. The price of the precious yellow metal just doesn’t stop. It breaks record after record and is now only $150 below the round $2000 line. Support
GOLD On The Offensive With Eyes On The 1,550.00 Level
The precious metal remains on the offensive pressing higher and increasing risk of a run at the 1,550.00 level, its psycho level.Its present offensive is coming on the back of its recent consolidation at the 1,480.85 level. Guest post by www.fxtechstrategy.com Price extension is expected towards the 1,600 level, its psycho levels if the 1,550.00
Gold Targeting 1430, 1440
Gold has been the safe haven investment for a Long time, and now nothing is different, the market is targeting new All-time highs! As we can see on the chart below, wave (iii) has found the top around 1418 region in the past week from where prices moved lower, but only into a wave (iv).
11 Forex Predictions for 2011
Exciting 2010 is behind us, and it’s time to discuss what can happen in 2011. Here are the expectations for currency movements and also for trends in forex trading. It’s very hard to make predictions for a full year, because so much can happen, but there are some trends that can continue or fade away.
Silver at All-Time High – Almost $30
Silver, the precious metal that is overshadowed by gold, reached a record high. It closed at $29.39 per ounce, above the previous intra day peak of $29.34 reached at the beginning of November. It then made only a swing high and fell back down under $28. Now we have a decisive close, touching $30. Silver isn’t used only