Gold Price Daily Chart Suggest Support Formation

Gold Price Daily Chart Suggest Support Formation Key Highlights There was a solid decline in Gold price against the US Dollar, taking it below the $1200 support area. The price recently traded a few points below the $1160 level before starting a consolidation. Today in China, the Consumer Price Index released by the National Bureau of Statistics of China posted a ri...
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Can Gold Price Continue Higher Versus US Dollar?

Key Highlights The yellow metal recently managed to gain traction against the US Dollar, as the price moved higher. Gold price moved above the $1320 resistance this week, but may be approaching a major resistance. The fed interest rate decision somehow proved anti-dollar and pushed gold prices higher. Today, the preliminary US Manufacturing Purchasing Managers Ind...
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Gold Price May Correct Lower Versus US Dollar?

Gold Price May Correct Lower Versus US Dollar? Key Highlights Gold price rocketed higher this week against the US Dollar, as the latter one weakened recently. The upside in Gold was stopped near a major resistance trend line on the 4-hours chart. Today in China, the Consumer Price Index was released by the National Bureau of Statistics of China. The forecast was ...
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GOLD At Clear Risk of Further Upsides

GOLD At Clear Risk of Further Upsides Key Highlights Gold price rallied recently against the US dollar and traded above the $1340 level. There is a monster bearish trend on the 4-hours chart of GOLD, waiting to act as a barrier for buyers. Today in the US, the Initial Jobless Claims figure will be reported by the US Department of Labor. The market is expecting a ...
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GOLD Just Broke Major Support Area?

GOLD Just Broke Major Support Area? Key Highlights             GOLD enjoyed a nice ride during the past couple of weeks, but it looks like it may have made a short-term top. The US Dollar seems to be gaining back bids, which may help GOLD sellers to retain traction. There is a support trend line formed on the 4-hours chart, which was cleared by sellers to ...
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GOLD – Is this a Real Break?

Key Highlights GOLD rocketed higher recently, and cleared a lot of hurdles to move upside. There was weakness noted in the US dollar, which helped GOLD to trade higher in the near term. Chinese Caixin China Services PMI™, released by Markit Economics declined from 47.8 to 47.1 in August 2015, which was lower compared with the forecast. In Japan, the Nomura/JMMA Manu...
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GOLD Setting Up For Major Break

Key Highlights GOLD price after declining sharply towards $1080-70 managed to hold ground and currently making an attempt to trade higher. In the US, the Economic Optimism Index, released by The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) posted a decline from 48.1 to 46.9 in August 2015. US Factory orders released by the US Cen...
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GOLD Could Make a Move Lower

Key Highlights GOLD continued to struggle and following a nice bearish trend on the 4-hours timeframe. Canadian Employment Change data released by the Statistics Canada will be one the most important releases today during the NY session. Australian Home Loans released by the Australian Bureau of Statistics declined by 6.1% in May 2015, compared with the forecast of -3.5...
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