|Day's range||1,327.70 - 1,334.20|
Based on the close at $1330.30 and last week’s price action, the direction of the gold market this week is likely to be determined by trader reaction to a pair of Gann angles at $1330.50 and $1330.70.
Based on Friday’s close at .7836, the direction of the AUD/USD on Monday is likely to be determined by trader reaction to .7859 and .7789.
Based on Friday’s price action, the direction of the April WTI futures contract is likely to be determined by trader reaction to the Fibonacci level at $62.91.
The Ethereum markets initially rallied during the trading session on Friday, gaining about 6% as I record this market. However, we are starting to see the market roll over, and on the longer-term charts, some of the crypto currency major players are starting to look a bit suspicious.
Will Inflationary Pressure Give Gold Some Buoyancy? Precious metals’ reaction was also due to economic numbers indicating the health of the US economy in general. Last week, the CPI number—which measures changes in prices for goods and services purchased by consumers—was standing at 0.5%.
Investing.com – Crude oil prices settled higher as a drop in Libyan production and upbeat comments from Saudi's oil chief offset data showing the number of US oil rigs increased for the fifth-straight week.
Based on the price action into the close, traders appear to be going after the downtrending Gann angle at 6903.25.
Based on the current trade, the direction of the Dow into the close is likely to be determined by trader reaction to the retracement zone at 24886 to 25310.
Gold prices held support levels, despite softer than expected data released out of the Eurozone this week. Eurozone inflation was confirmed at lower levels and Germany provided details of its Q4 expansion which showed that private consumption and capital investment were unchanged. Gold prices where nearly unchanged on Friday holding support near an upward sloping trend line that comes in near 1,325. Resistance on the yellow metal are seen near the 10-day moving average at 1,337. Momentum on the yellow metal is negative as the MACD (moving average convergence divergence) index recently generated a crossover sell signal.
PYEONGCHANG, South Korea (AP) — The Russians finally won a gold medal at the Pyeongchang Olympics. The Canadian men's hockey team won't even get the chance after losing to Germany.
U.S. stock futures climbed Friday, building on gains in the prior session amid signs of an increased appetite for perceived riskier assets such as equities. Dow futures rose 160 points, or 0.7%, to 25,175, ...
Midway through the two-week competition, the Americans were on pace for their lowest medal count in 20 years, but a recent surge could lift them out of that slump. Entering competition Friday in Pyeongchang, ...
Based on the current price action, the direction of the gold market the rest of the session is likely to be determined by trader reaction to the intermediate Fib level at $1330.20.
Goldcorp (GG) has one of the strongest project pipelines in the industry. At Penasquito, the Pyrite Leach Project (or PLP) is 62% complete and expected to start commissioning in 4Q18, which is three months ahead of schedule. This project is expected to add ~1 million ounces of gold and 44 million ounces of silver over the current life of the mine.
A scheduled plan to launch a new cryptocurrency by forking the litecoin blockchain is finding little love from major data aggregators and exchanges.
Goldcorp’s (GG) produced 646,000 ounces of gold in 4Q17, a decline of 15% year-over-year (or YoY). Goldcorp’s full-year production came in at 2.6 million ounces, which is slightly higher than its guidance of 2.5 million ounces. Goldcorp has guided for production of 2.5 million ounces in 2018 with +/-5% variance, which is in line with its previous 2018 guidance as well as the guidance for 2017.
The Toronto-based company said it had a loss of 1 cent per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 4 cents per share. The results missed ...
JEONGSEON, South Korea (AP) — Mikaela Shiffrin already was assured of earning her third career medal, each in a different event, when Lindsey Vonn prepared to propel herself out of the starting gate as the final starter in the final race of her Olympic career.
Investing.com - Crude oil prices moved lower on Thursday, despite upbeat U.S. inventories data released in the previous session, as the minutes of the Federal Reserve's latest policy meeting sent the U.S. dollar broadly higher.
Investing.com - Gold prices were trading lower on Thursday, weighed down from fresh gains in the dollar as it traded near a one-week high against a basket of major currencies.
Ethereum initially tried to rally during the trading session on Wednesday, but then found the level just above as being too resistive to continue going higher. The market looks as if it is trying to roll over, and it may have just failed at an uptrend line, signaling further weakness.