Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

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