GC=F - Gold Dec 18
| Pre. Settlement | N/A |
| Settlement date | 2018-12-27 |
| Open | 1,225.10 |
| Bid | 1,239.10 |
| Last price | 1,224.60 |
| Day's range | 1,224.50 - 1,239.60 |
| Volume | 106,681 |
| Ask | 1,239.20 |
- FX Empire•5 hours ago
Gold Price Forecast – Gold markets drift a bit lower on Monday
Gold markets drifted a bit lower during the trading session on Monday, reaching down towards the $1220 level. This is an area that of course is rather supportive, as we have seen the market bounce from here a couple of times recently.
- FX Empire•6 hours ago
Gold Price Futures (GC) Technical Analysis – Setting Up for Volatile Breakout
Based on yesterday’s close at $1224.60 and the early price action, the direction of the December Comex Gold futures contract is likely to be determined by trader reaction to the main 50% level at $1222.70.
- FX Empire•12 hours ago
EUR/USD Forex Technical Analysis – October 23, 2018 Forecast
Based on Monday’s dramatic reversal to the downside, the direction of the EUR/USD on Tuesday is likely to be determined by trader reaction to the main bottom at 1.1433.
- FX Empire•2 days ago
Price of Gold Fundamental Weekly Forecast – Stock Market Recovery Could Encourage Investors to Cut Long Gold Positions
Fresh economic data will be sparse next week so gold traders are likely to continue to respond to the movement in Treasury yields, the direction of the U.S. Dollar and stock market volatility. Gold could start to feel pressure if yields rise and the stock market remains steady. This will be a sign that investors have priced in a few of the Fed’s future rate hikes.
- FX Empire•2 days ago
Natural Gas Futures (NG) Technical Analysis – Sustained Move Over $3.306 Could Spike Market into $3.384 to $3.409
Based on Friday’s close at $3.309, the direction of the December Natural Gas futures contract is likely to be determined by trader reaction to the pivot at $3.306.
- FX Empire•3 days ago
Silver Weekly Price Forecast – Silver holds steady for the week
Silver markets went back and forth during the week, forming a bit of a neutral candle. This is a good sign though, because we are trying to form a bit of a base in the silver market. Ultimately, I believe that we will break out, but it’s going to take a bit of grinding sideways before doing so.
- FX Empire•3 days ago
Gold Weekly Price Forecast – Gold markets rally for the week
Gold markets rallied a bit for the week, as we have cleared the recent consolidation and it now looks like the rally is going to continue. The $1250 level above looks to be rather resistive and perhaps a nice target for the time being.
- FX Empire•3 days ago
EUR/USD Weekly Price Forecast – Euro looking for a bottom
The Euro is looking for a bottom on the longer-term charts, and as you can see on the accompanying chart, I have a yellow circle around the massive hammer underneath the 1.1450 level. That’s an area that I think continues to hold this market up, so this point I would expect a bit of a bounce.
- FX Empire•3 days ago
Crude oil Price Forecast – crude oil markets try to recover on Friday
The crude oil markets bounced a bit during the day on Friday, showing signs of life. We have been beaten down rather drastically during the last several days, and we are starting to approach serious value areas.
- Investing.com•3 days ago
Oil Up on Day, but U.S. Crude Loses 3% After Rough Week
Investing.com - Oil prices rose on Friday, but remained at an inflection point after a rough week.
- FX Empire•4 days ago
EUR/USD Mid-Session Technical Analysis for October 19, 2018
Based on the early price action, the direction of the EUR/USD is likely to be determined by trader reaction to the main bottom at 1.1432. Holding above 1.1432 will indicate the presence of counter-trend buyers. If this can generate enough upside momentum then look for a rally into the resistance cluster at 1.1498 to 1.1502.
- FX Empire•4 days ago
Price of Gold Fundamental Daily Forecast – Gold Bulls Need the Dollar to Weaken, or Stocks to Plunge
The primary market driver today is expected to be the U.S. Dollar. Rising Treasury yields and a rapidly falling Euro is helping to boost the dollar. This is helping to limit foreign demand for dollar-denominated gold.
- Investing.com•4 days ago
Gold Prices Gain as Asian Stocks Fall on Disappointing China Data
Investing.com - Gold prices gained on Friday as Asian stocks traded mostly lower after China reported disappointing third-quarter GDP data.
- Investing.com•4 days ago
Oil Prices Heading for Weekly Drop Amidst Rise in U.S. Crude Stock
Investing.com – Oil prices edged up on Friday morning in Asia but were expected to head for a second weekly drop due to a rise in U.S. crude stocks.
- FX Empire•4 days ago
EUR/USD Price Forecast – EUR shows signs of weakness again on Thursday
The Euro fell below the 1.15 level during the session on Thursday, as we continue to test this general area of the chart, as there seems to be a lot of support extending down to the 1.1450 level. It is because of this that it looks like we are trying to build up the confidence to finally go higher.
- FX Empire•4 days ago
AUD/USD Price Forecast – Australian dollar pulls back after initially rallying on Thursday
The Australian dollar initially took off on Thursday, reaching the top of the recent consolidation area, but then turned right back around the show signs of weakness as the Americans stepped on board. It looks as if we are simply going to continue to consolidate in the short term.
- Investing.com•4 days ago
Gold Ends Higher, Takes Fed Minutes In Stride
Investing.com - Gold prices rose on Thursday as bullish investors took the Federal Reserve's latest hawkish talk in stride and targeted the $1,250 level in a bid to recapture ground lost earlier in the year.
- FX Empire•5 days ago
Gold Price Prediction – Gold Moves Higher Despite Robust Jobs Data
Gold prices moved higher on Thursday as US yields whipsawed initially moving higher following a stronger than expected jobless claims report. With claims close to a 59-year low, wages should begin to move higher which is why the Fed in its meeting minutes said that it was likely to move to restrictive monetary policy. With short-term policy still somewhat accommodative, its possible that short term rates rise to 3%, which is close where the 2-year yield is currently pricing. This could buoy the dollar and in turn put downward pressure on gold prices. Despite this scenario, yields moved lower, paving the way for higher gold prices.
- FX Empire•5 days ago
Sterling Turns Blind eye to weak UK Retail Sales
The fairly muted response in the British Pound to the disappointing retail sales data for September reaffirms once again that Brexit headlines take precedence over domestic economic fundamentals for currency volatility.
Market Realist•5 days agoHow Do Analysts View Newmont Mining ahead of Q3 2018?
According to Thomson Reuters, of the 19 analysts covering Newmont Mining (NEM), 58.0% recommended a “buy,” 37.0% recommended a “hold,” and 5.0% recommended a “sell.” Its target price implies an upside of 38.0% based on its current market price of $30.10. Analysts’ ratings for NEM stock haven’t changed much in the last few months.
- FX Empire•5 days ago
Oil Price Fundamental Daily Forecast – Bearish EIA Report Pressuring Prices
Oil prices are under pressure on Thursday because of the jump in inventories, however, losses are being limited by rumors the United States may be pressured to go ahead with sanctions on Saudi Arabia. This could push prices higher if the Saudi’s decide to retaliate the move with a supply cut.
- FX Empire•5 days ago
Trading plan for October 18
Do you need clues on the moves of the EUR/USD, GBP/USD, AUD/USD, and USD/JPY moves? Watch our daily trading plan!
- FX Empire•5 days ago
DAX Index Daily Price Forecast – DAX to Trade Positive Supported by Hawkish Investor Sentiment in Local Market
DAX futures trading in international market was trading positive ahead of Asian market hours supporting positive price action in DAX index.
- Investing.com•5 days ago
Gold Prices Slip; Dollar Firms as FOMC Meeting Minutes Point to More Rate Hikes
Investing.com - Gold prices slipped while the dollar gained on Thursday after the minutes from the latest Federal Open Market Committee meeting reinforced expectations for tighter U.S monetary policy.
- FX Empire•5 days ago
AUD/USD Price Forecast – Australian dollar continues to grind higher
The Aussie dollar has been very noisy during the trading session on Wednesday, pulling back rather significantly, but we can already start to see buyers jump into this market. I think the market is trying to go to the next major round number, just above at the 0.72 handle.
