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Thread: GOLD

  1. #111
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    Gold- under pressure near $1,320/oz


    Yellow metal's demand stays subdued so far this week, dragging the ounce troy to the lower end of the range near the $1,320 area.

  2. #112
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    Gold Unsteady -Investors wait for FOMC Minutes

    Gold continues the $1290 line in Wednesday session.Earlier in the day,gold move close to $1300 but has since retracted.
    Later in the day, the federal reserve releases the minutes from the may policy meeting .On Thursday , The US will publish unemployment claims and existing home sales.The federal reserve will be in the spotlight on Wednesday,as analysts pore over the minutes of the May policy meeting.The fed did not raise rates at the meeting , but a strong US economy has raised exspectations.

  3. #113
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    Quote Originally Posted by Vishnu View Post
    Gold- under pressure near $1,320/oz


    Yellow metal's demand stays subdued so far this week, dragging the ounce troy to the lower end of the range near the $1,320 area.

    Right now, the price is 1267 and here I am expecting more down moves. Actually I have a buy trade here from the level 1331 and TP is around 1246.

  4. #114
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    Gold clings to modest recovery gains ahead of US CPI

    Gold edged higher on Thursday, snapping two-days of losing streak, and recovered a part of the overnight slump back closer to YTD lows.
    The incoming US economic data, with the latest PPI print showing that wholesale prices rose at the fastest yearly rate in almost seven years, reaffirmed expectations that the Fed would hike interest rates at least two more times in 2018 and prompted some aggressive selling around the non-yielding yellow metal on Wednesday.
    This coupled with firming US Dollar, amid intensifying trade rhetoric between the world's two largest economies, exerted some additional downward pressure and further collaborated to the commodity's sharp decline to over one-week lows.
    The bearish pressure eased a bit on Thursday, with traders opting to lighten their bearish bets ahead of today's key release of the US consumer inflation figures. However, signs of stability in global financial markets, coupled with a mildly positive tone around the greenback might continue to keep a lid on any meaningful up-move for dollar-denominated commodities - like gold.

  5. #115
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    Market update, trade ideas: Gold continues to slide, $1200 in sight!

    The yellow metal is sliding this week as an effect of a strong Dollar and risk appetite. The inverse correlation between the two has strengthened recently, especially after the North Korean deal which put an end to a series of geopolitical tensions that frequently disrupted financial markets.
    After breaking below the support trendline around $1280, the ride down has been smoother as there was no support to hold the price until the present levels in the $1250 - $1240 area. With a big red candle already formed at the end of this trading week, it appears that this support won't hold either, and the next one in sight is around the $1200 psychological level where past swing lows can also be found.
    This week's high of $1265 will need to hold if the precious metal is to continue to descend lower. The current technical picture suggests that this is a very probable outcome.

  6. #116
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    is that safe to inter the market with 500$ and open a Gold trade with 1$ for each pipe for 1 day ?

  7. ARIONFORXtarder
 

 
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