From Gold Apr 22, 2013 06:24 pm
The commodity sold off further the past week testing a low of 1,321.17 level and opening the door for downside. This leaves GOLD targeting the 1,300.00 level where we may see a halt in declines but if broken, expect more weakness to occur towards the 1,250.00 level and then the 1,200.00 level. Its weekly RSI is bearish and pointing lower supporting this view.
From Gold Apr 15, 2013 06:45 pm
The bloodbath in commodity markets that started on Friday has accelerated at the start of a new week. The selloff has been aggressive, suggesting that this is not just a mere correction, but rather the start of a potential downtrend in commodities. For example, the gold price has fallen nearly $100 so far today.
From Gold Apr 08, 2013 06:21 pm
Support resides at the 1,540 level where a violation will pave the way for a run at the 1,530.00 level. Further down, support comes in at the 1,500.00 level, its psycho level. We expect a price hesitation to occur here if tested but if broken we could see further weakness towards the 1,478.05 level. Its weekly RSI is bearish and pointing lower supporting this view.
From Gold Mar 28, 2013 05:37 pm
The pair XAU/USD (Gold) continues to evolve around 1600 points ... The price made a small bullish movement yesterday and has validated the breakout of the short term bearish slant (purple segment on 1h chart). The gold also continues to move around its medium term bullish slant (brown segment). This...
From Gold Mar 27, 2013 06:57 pm
The pair XAU/USD (Gold) continues to evolve around 1600 points. The price found support on Monday on the extension line of its medium term bearish channel (orange lines - see previous analyzis for a better understing of the origin of these draws). On this downward movement, the price has validated a...
From Gold Mar 22, 2013 05:31 pm
Spot Gold made it to our 1609/11 target & is pushing on now for 1619/20 resistance. If we can continue higher we run in to 1625 which should cap the rally at this stage.
From Gold Mar 22, 2013 05:07 pm
Today Silver Wheaton Corporation (TSX: SLW) (NYSE: SLW) declared its first quarterly cash dividend payment for 2013 of US$0.
From Gold Mar 13, 2013 05:37 pm
Spot Gold broke 1586/87 resistance to hit the next target at 1595. We topped out just above at 1598 but above here today we are looking for the 1605 target & may even see 1609/11 this week but unlikely we can go any higher at this stage.
From Gold Mar 12, 2013 06:01 pm
Spot Gold held a very tight range last week from 1561 up to 1586/87 so we watch these parameters this week.
From Gold Mar 11, 2013 06:52 pm
Hedge-fund managers and other large speculators decreased their net-long position in New York gold and silver futures last week (week ended March 5), according to U.