"Opened positions for Gold remain positive (57% bullish / 43% bearish). It is likely that Gold will increase in price, with the closest resistance for it located at 1,205 and is represented by 55-day SMA and the monthly R1. At the same time, the downward movement is possible as well, while for that purpose the closest support is placed at
"Opened positions for Gold are positive (59% bullish / 41% bearish). It is likely that Gold will increase in price, with the closest resistance for it located at 1,205 and is represented by 55-day SMA and the monthly R1. At the same time, the downward movement is possible as well, while for that purpose the closest support is placed at
On Monday, Gold was one of the best-performing commodities on the market, as it advanced as much as 3.83% over the trading day. Along with that, Crude and Brent oil gained 4.31% and 3.41%, respectively, while silver surged 6.53%. From another side, natural gas slipped 1.98% and was the only commodity to register a fall in price yesterday. The Gold trimmed
Gold plunged the most in three weeks on Friday after Swiss voters overwhelmingly rejected a referendum forcing the Swiss National Bank to hold 20% of its reserves in gold and preventing from ever selling any, as well as requiring to physically repatriate all Swiss gold held abroad. Meanwhile, in India, the world's second biggest gold buyer, where the wedding season
Yesterday the price of Gold dropped as much as 0.43% in its price over the trading day and was one of many commodities that declined in course of the trading session. Corn added further value to rise 1.10%, while Brent plummeted 6.65% on news that OPEC will not decrease extraction of oil. Despite lack of fundamental news and the Bank
On Wednesday Gold lost 0.26% in its price and was one of many commodities that declined yesterday. The only commodity, which managed to advance, was corn, which added as much as 1.10%. The same tendency for Gold is showed in its cross with the Greenback. Negative data from the States is supporting the price of the metal, keeping it around