(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. Based on key short-term technical support and resistance levels, I show potential buy and sell price entry points.
Short term, gold prices may remain under pressure as traders digest Fed minutes and economic data. However, long-term fundamentals remain bullish.
Gold retreated slightly on Tuesday, pulling back from the new record high of $2,450 hit in the previous session.
(Kitco News) - A new paradigm shift in the gold market as long-held correlations break down means investors must follow a new playbook, according to one investment firm.
Gold received support near the $2410 level and moved back above $2420.
(Kitco News) - Gold and silver prices are lower in midday U.S. trading Tuesday, following recent solid gains that saw gold hit a record high of $2,454.20 an ounce, basis June Comex futures on Monday, and silver hit an 11-year high of $32.75 an ounce, basis July Comex futures. Profit-taking from the shorter-term futures traders is featured today, which is not unusual.
(Kitco News) – Gold prices may be benefiting from U.S.-China trade tensions and rising Indian seasonal demand, while the subcontinent's solar buildout is also expected to boost silver demand, according to precious metals analysts at Heraeus.
(Kitco News) - The gold market is not seeing any significant reaction to recent comments from U.S. central bankers, who appear united in their focus on inflation. While interest rates may not be going higher, they are in no rush to start the much-anticipated easing cycle.
The price of gold has reached a new record high of $2,450 per ounce, marking a significant milestone in the commodity markets.
The gold market continues to see a lot of upward pressure in general, and I suspect that will continue to be the case as we have a lot of reasons to think the economic outlook won't change much.
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. Based on key short-term technical support and resistance levels, I show potential buy and sell price entry points.
(Kitco News) - Gold and silver prices are lower in early U.S. trading Tuesday, following recent solid gains that saw gold hit a record high of $2,454.20 an ounce, basis June Comex futures on Monday, and silver hit an 11-year high of $32.75 an ounce, basis July Comex futures. Routine profit-taking from the shorter-term futures traders is featured today.