Technical Analysis of Gold and Silver for April 9, 2018

Technical Analysis of Gold and Silver for April 9, 2018

Gold prices a trading sideways in a relatively tight trading range. Price action has been driven by trade comments from the Trump administration and Chinese authorities. Last week, China announced tariffs on several commodities including soybeans which have helped gold prices gain traction. The weaker than expected jobs report released this past Friday weighed on the dollar...
April 9, 2018 0 Comments
Technical Analysis of Gold and Silver for April 2, 2018

Technical Analysis of Gold and Silver for April 2, 2018

Gold prices rebounded early on Monday following a long holiday weekend. Prices appear to be buoyed by news that the Chinese government has increased the number of items that are now expected to receive tariffs. China has increased tariffs by up to 25% on 128 U.S. products, from frozen pork to certain fruits and nuts, escalating the standoff between the world’s biggest...
April 2, 2018 0 Comments
Technical Analysis of Gold and Silver for March 26, 2018

Technical Analysis of Gold and Silver for March 26, 2018

Gold prices surged higher during the later part of last week, sharply rebounding mid-week following the Fed’s monetary policy announcement.  The Fed’s outlook was carefully analyzed, and it appears that they are more hawkish in 2019-2020, while 2018 will likely be in line with expectations. The market sees the Fed’s short-term forecast of growth and...
March 26, 2018 0 Comments
Technical Analysis of Gold and Silver for March 19, 2018

Technical Analysis of Gold and Silver for March 19, 2018

Gold prices slid to the bottom end of its current trading range last week but bounced on its first test of support near 1,305. The dollar gained traction last week, as softer than expected inflation in Euro, allowed U.S. yields to outpace their European counterparts. The data in the U.S. was nothing to write home about. The drop-in retail sales have economists reducing...
March 19, 2018 0 Comments

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