GC=F - Gold Feb 20
| Pre. Settlement | N/A |
| Settlement date | 2020-02-26 |
| Open | 1,553.00 |
| Bid | 1,557.10 |
| Last price | 1,550.50 |
| Day's range | 1,549.30 - 1,561.40 |
| Volume | 257,366 |
| Ask | 1,557.40 |
- FX Empire
Crude Oil Price Update – Without Bullish Catalyst Likely to See Retest of $57.79-$55.99
The chart pattern is pretty clear. Value-seeking buyers have to continue to come in at $57.79 to $55.99 to defend against a steep sell-off. If successful, we could see an eventual move into the short-term retracement zone at $61.41 to $62.35.
- FX Empire
Gold Price Futures (GC) Technical Analysis – Momentum Shifts to Upside on Trade Through $1564.20
Based on Friday’s price action and the close at $1560.30, the direction of the February Comex gold futures contract on Monday is likely to be determined by trader reaction to the minor top at $1564.20.
- Zacks
Gold to Cross the $2000 Mark? ETFs to Gain
We highlight some gold ETFs that might gain if gold crosses the $2000-an-ounce milestone.
- Zacks
Barrick Gold (GOLD) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Barrick Gold (GOLD) closed at $17.95, marking a -0.77% move from the previous day.
- FX Empire
Natural Gas Price Fundamental Daily Forecast – Change in Weather Model Send Prices Below $2.00
The selling was revved up late Thursday after the European weather model dropped more than 15 heating degree days from its forecast for the period running from next Tuesday through January 28, NatGasWeather said in a note to clients.
- FX Empire
Gold Price Forecast – Expect $1700+ After a Brief Pause
After rallying more than $165 since November, gold is taking a well-deserved breather. A brief pause, then gold should continue to fresh highs and $1700 by March.
- FX Empire
S&P 500 Price Forecast – S&P markets grind higher
S&P; 500 markets ground a bit higher during the trading session on Friday again, as the bullish pressure continues. Quite frankly, as long as the Federal Reserve is willing to play ball, the stock markets will continue to go higher.
- FX Empire
Silver Price Forecast – Silver Market Continues To Kill Time
Silver markets went back and forth during the trading session in a slightly positive day, as the market has been grinding sideways and killing time. The question now is whether or not the buyers will come in and pick this up.
- FX Empire
Gold Price Forecast – Gold Markets Rally To End Week
Gold markets rallied slightly during the trading session on Friday to in the week, showing signs of resiliency yet again. It looks as if we are very comfortable with the bullish uptrend.
- FX Empire
Silver Weekly Price Forecast – Silver Markets Show Signs Of Life
Silver markets initially fell during the week but continue to find resiliency, as we are testing the shooting star from the previous week.
- FX Empire
Natural Gas Weekly Price Forecast – Natural Gas Breaks Two Dollars
Natural gas markets got hammered this week, breaking below the $2.00 level for the first time in ages, and this shows just how oversupplied this market truly is.
- FX Empire
GOLD Weekly Price Forecast – Gold Pulls Back But Find Buyers
The gold fell a bit during the week, but then turned around to show signs of life again. We are above the $1550 level, but also have a shooting star above.
- FX Empire
GBP/USD Weekly Price Forecast – British Pound Continues To Look Choppy
The British pound went back and forth during the course of the week, as we get a lot of push back and forth from both buyers and sellers. The Friday session had a very poor retail sales figure release, and that of course weighed upon the market.
- FX Empire
GBP/JPY Weekly Price Forecast – British Pound Breaks 200 Week EMA
The British pound rallied against during the trading week to break above the 200 week EMA against the Japanese yen. This is a be decidedly “risk on” move, but there is a lot of noise above that will continue to make this messy.
- FX Empire
EUR/USD Mid-Session Technical Analysis for January 17, 2020
Based on the early price action, the direction of the EUR/USD the rest of the session on Friday is likely to be determined by trader reaction to the 50% level at 1.1110.
- Zacks
B2Gold Lifts Fekola's Mineral Resource on Solid Infill Drilling
B2Gold's (BTG) indicated and inferred mineral resources goes up on successful infill drilling at Fekola mine.
- FX Empire
Markets Saw “Glass Half Full” In Recent Data
The glass of economic data is half full if we estimate the reaction to the macroeconomic data. This applies to both last Friday’s U.S. employment report, and China’s GDP figures released this morning. The published data for the 4th quarter of 2019 showed that the economy slowed down to 30-year lows.
- FX Empire
Silver Price Forecast – Silver Markets Stabilize
Silver markets initially pulled back during trading on Thursday but have stabilized right around the $18.00 level. That’s a good sign, as we had pulled back for the last several sessions.
- FX Empire
Gold Price Forecast – Gold Markets Pulled Back Slightly
The gold markets pulled back slightly during the trading session on Thursday, as we continue to chop back and forth. One thing that should be noticed though is that we have formed a couple of hammers on the way down.
- FX Empire
GBP/USD Price Forecast – British Pound Continues To Try To Break Out To Upside
The British pound rallied a bit during the trading session on Thursday in order to break above the gap that had formed at the beginning of the week. Now that that gap has been filled, it becomes a question as to whether or not it will hold.
- FX Empire
EUR/USD Price Forecast – Euro Stalls
The Euro rallied a bit during the trading session on Thursday but giveback quite a bit of the gains to show a sluggish reluctance to break towards the top of the overall range.
- FX Empire
Onward and Upwards
With significant downside risks to the global economy turned aside, and worries over a possible recession diminishing, there is a sprouting belief supported by evidentiary proof in the data that global growth could gain momentum over the coming months.
- FX Empire
Crude Oil Price Update – Strengthens Over $58.80, Weakens Under $57.79
If using the 50% levels as your guide then look for an upside bias to develop on a sustained move over $58.80, and for the downside bias to continue on a sustained move under $57.79.
