GC=F - Gold Dec 19
| Pre. Settlement | N/A |
| Settlement date | 2019-12-27 |
| Open | 1,475.10 |
| Bid | 1,465.00 |
| Last price | 1,474.20 |
| Day's range | 1,462.40 - 1,475.90 |
| Volume | 360,184 |
| Ask | 1,465.10 |
- FX Empire
EUR/USD Mid-Session Technical Analysis for November 21, 2019
Based on the early price action and the current price at 1.1089, the direction of the EUR/USD the rest of the session on Thursday is likely to be determined by trader reaction to the uptrending Gann angle at 1.1089 and the short-term 50% level at 1.1083.
- FX Empire
Silver Stuck at 17.00 as Drifting Continues
Silver is trading just above at $17.00, as the metal has been ranging for over a week. I expect the lack of a trend to continue until next week.
- FX Empire
Natural Gas Price Fundamental Daily Forecast – Today’s EIA Storage Report Will Officially Kick-Off Withdrawal Season
We do realize that markets can become technically oversold especially when approaching major support areas, so we’re not going to be surprised if a bullish withdrawal triggers a short-covering rally today.
- FX Empire
GBP/USD Daily Forecast – Sterling Rises and Holds Above Critical Trendline
After trading a bit heavy in the early week, GBP/USD is starting to show upward momentum. More importantly, it has held above a previously broken trendline which signals more upside.
- FX Empire
GBP/USD – Pound Drifting, Manufacturing and Services PMIs Loom
The British pound is trading sideways for a second straight day and I expect the currency to continue to drift throughout Thursday trade. We could see some volatility on Friday, as the U.K. releases key manufacturing and services reports.
- FX Empire
Both the Gold Decline and the Gold Rally Continue
We started the last few analyses with the micro point of view in which we explained why gold is likely to rally in the short term.
- Investing.com
Safe-Haven Gold Fall Despite Doubts Over Partial Trade Deal
Investing.com - Prices of the safe-haven gold fell on Thursday in Asia despite doubts over a phase on trade deal between the U.S. and China.
- FX Empire
Heliogen Makes Major Breakthrough In Solar Technology
Heliogen, a start-up funded by Bill Gates, has made a major breakthrough in solar technology that promises to disrupt the market.
- FX Empire
Natural Gas Price Forecast – Natural Gas Markets Find Support
Natural gas markets rallied a bit during the trading session on Wednesday, reaching towards the 200 day EMA before pulling back just a bit. We are currently trading right at a couple of moving averages, so we are constricting and therefore building up momentum.
- FX Empire
Gold Price Forecast – Gold Continues Noisy Trading
Gold markets continue to be very noisy, initially rally during the trading session in the Asian hours, before rolling back over yet again. At this point, the market looks as if it is trying to for some type of major support level.
- FX Empire
GBP/USD Price Forecast – British Pound Continues To Find Buyers On Dips
The British pound pulled back a bit during the trading session on Wednesday, only to find buyers underneath in turn things around. At this point, the market is continuing to build up a case for higher movement, based upon the flag.
- FX Empire
GBP/JPY Price Forecast – British Pound Continues Grinding Against Japanese Yen
The British pound initially fell during the trading session on Wednesday but found enough support underneath the turn around and rally yet again. The British pound rallies against the Japanese yen in any “risk on” scenario.
- Investing.com
Gold Steady Second Day Amid Trump Ambiguity on Trade Deal
Investing.com – President Donald Trump’s continuous back-and-forth on his prospective trade deal with China gave the gold market pause for a second straight day. The Federal Reserve’s indication that it might be done with rate cuts was another factor for gold bulls’ indecision.
- FX Empire
Pound Offers Lukewarm Response to Johnson-Corbyn debate
GBPUSD offered a tepid immediate response to the first televised debate of the current UK election campaign.
- FX Empire
XAU/USD Bullish ABC Pattern Aims at $1500 Resistance
XAU/USD (Gold) chart is building a serious and lengthy correction within the uptrend. The pullback is expected to complete a wave 4 (blue) either at the 38.2% or 50% Fibonacci retracement level.
- FX Empire
The Expected and Thrilling Resolution of Oil’s Consolidation
Yesterday, we wrote:(…) On Friday, crude oil futures bounced off the green gap, which brought about quite a sharp move to the upside. The bulls had a reason to celebrate as it closed the orange gap – certainly a bullish development.
- FX Empire
Oil Begins To Move Lower – Will Our Predictions Come True?
Recently, we posted a multi-part research post suggesting a collapse in Crude Oil could be setting up and how we believe this decline in energy prices may lead to a broader market collapse in the near future.
- Investing.com
Gold Prices Inch Up; Trade Talks Remain in Focus
Investing.com - Gold prices inched up on Wednesday as traders paid close attention to the latest developments on the Sino-U.S. trade front after U.S. President Donald Trump warned China that he may raise tariffs even higher.
- FX Empire
Gold Price Forecast – Approaching A Bottom
After peaking in September, gold entered an extended correction. Our cycle work suggests an impending low. The technical setup favors one final decline before prices bottom in early December.
- FX Empire
S&P 500 Price Forecast – Stock Markets Continue To Churn
Stock markets in the United States did very little during the trading session on Tuesday as there is very little in the way of news to get things moving. We continue to pay attention to the US/China trade situation, but quite frankly at this point most people are just sitting around and waiting.
- FX Empire
Natural Gas Price Forecast – Natural Gas Markets Testing Major Support
Natural gas markets have gone back and forth during the trading session in a slightly negative manner on Tuesday, as we are trading between the 200 day EMA and the 50 day EMA. At this point, it looks as if the $2.50 level is playing a major part in what was on.
- FX Empire
Gold Price Forecast – Gold Markets Relatively Stable
Gold markets went back and forth during the trading session on Tuesday, as we continue to dance around the $1475 level. There is a lot of resistance in this area, so we could not quite take off to the upside. That being said, buyers continue to show up every time it dips.
- FX Empire
EUR/USD Price Forecast – Euro Continues To Grind Towards Resistance
The Euro has rallied slightly during the trading session on Tuesday, but at this point it’s likely that the market is going to run out of momentum, as there are several reasons to think that there is plenty of resistance just above.
- Investing.com
Gold Holds Steady As Trump Warns China on Trade Deal
Investing.com – President Donald Trump is warning China to sign on the dotted line by Dec. 15 and the gold market is listening more than ever.
