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Gold trading outlook: futures rebound from Friday lows, upside seems limited

April 25, 2016 8:31 am
On Friday gold for delivery in June traded within the range of $1,228.00-$1,248.50. Futures closed at $1,228.70, retreating 1.63% on a daily basis. It has been the 29th drop in the past 58 trading days, a third consecutive one and also the steepest one since April 14th, when the yellow metal plummeted 1.75%. The daily […] Read more

Gold trading outlook: futures break out, next resistance at 61.8% Fibonacci

April 19, 2016 8:22 am
On Monday gold for delivery in June traded within the range of $1,229.40-$1,243.30. Futures closed at $1,230.90, shedding 0.20% on a daily basis. It has been the 27th drop in the past 54 trading days. The daily high has been the highest price level since April 14th, when a high of $1,243.70 was recorded. In […] Read more

Gold trading outlook: futures steady as investors eye the US data string

April 15, 2016 8:44 am
On Thursday gold for delivery in June traded within the range of $1,225.40-$1,245.80. Futures closed at $1,231.00, plummeting 0.96% on a daily basis. It has been the 26th drop in the past 52 trading days and also a third consecutive one. The daily low has been the lowest price level since April 7th, when a […] Read more

Gold trading outlook: futures trade little changed ahead of US CPI report

April 14, 2016 9:22 am
On Wednesday gold for delivery in June traded within the range of $1,241.50-$1,258.60. Futures closed at $1,242.90, plummeting 1.08% on a daily basis. It has been the 25th drop in the past 51 trading days, a second consecutive one and also the steepest one since March 23rd, when the commodity went down 1.96%. The daily […] Read more

Gold trading outlook: futures edge lower on recovering US dollar

April 8, 2016 8:05 am
On Thursday gold for delivery in June traded within the range of $1,224.60-$1,242.90. Futures closed at $1,236.20, going up 1.12% on a daily basis. It has been the 24th gain in the past 47 trading days and also the sharpest one since March 29th, when the yellow metal added 1.29% to its value. In addition, […] Read more