Posts Tagged ‘gold analysis’

Crude oil rose on Wednesday caused by U.S. crude oil inventories are smaller than analysts' estimates and the Fed had announced will consider the issue of a new type of bond repurchase. The U.S. Energy Information Administration said oil supplies rose only 800 thousand barrels, lower than analyst estimates that 1 million barrels. This causes the price of crude oil on NYMEX rose to 106.53. However, ... Full story

Gold sank to the level of $ 1,663 per ounce on Tuesday as fears of a worsening global economy. What is interesting is the closing of the gold in Tuesday trading session was the first under $ 1,700 since January 24. The strengthening dollar also weighed on prices of gold and crude oil. Greek issue re-emerged after reports of a company that helps negotiate a swap ... Full story

Gold fell again, continuing the sell-off that occurred in the previous session. Gold fell sharply last week up to 4.3% after Bernanke's statement in the presence of the legislature. Bernanke was reluctant to talk about details of the third phase of quantitative easing. In fact, this policy became a pillar supporting the bullish movement of gold in recent years. According to Charles Nedoss, senior market researcher ... Full story

The fall of crude prices on Friday due to the objection to the news of Saudi Arabia attacked pipelines and rising U.S. dollar. Oil prices fell by more than 2% last week, cutting the profits of 6% in the last week. Previously, the issue concerns the disruption of oil supply dominate price movements in the market and give pressure on investors to buy oil contracts. But ... Full story

Gold had performed a short day candle pattern after 2 long white days as signs of weakening trend. Formation of higher high and higher low was only formed during the six trading days. Analysis of gold estimated the price today is still surrounding by bullish sentiment. Based on technical indicators, an indication of the trend is still mixed as RSI still indicate a bearish divergence ... Full story

Gold continued to rally yesterday and formed Marubozo candle pattern. The price of gold closed at 1758.75, overshoots 1756.20 resistance up to the highest level at 1759.80. Analysis of gold for today is expected to remain bullish supported by the stochastic break the highest level on February 3, 2012 at 1763.15 to 1778.30 next resistance. A correction moves below 1756.20 into 1742.75 is possible. Alert ... Full story

Gold opened gap up on Monday at 1732.45 after declining to 1717.35 last Friday. The gold opened above the tenkan sen level today which is on Friday act as resistance. Analysis of gold today is expected to continue bullish, as the appearance of higher high higher low in the last 2 days. RSI indicator which goldencross EMA RSI also supports the bullish trend with support ... Full story

Gold rallied again in the U.S. session on Thursday after it was weakened to the level of 1705.25. The weakening happened yesterday because of investor optimism that the U.S. macroeconomic data would reduce the attractiveness of safe haven in gold. In the evening, reversed the gold price rally supported by rising crude oil prices in relation to inflation fears finally closed at $ 1727.25 per ounce. ... Full story

Crude oil markets got support from the issue of Tehran's oil export ban to six European countries in retaliation for European Union sanctions. But this issue was later denied by Iranian oil ministry. The threat of potential loss of OPEC member countries on the Western standoff with Iran over its nuclear program is always looming the oil market for months, and added more bullish sentiment ... Full story

Gold had closed down at 1722.05 after tried to retest resistance TenkanSen. Monday closing was made ​​ gold bearish in the last four trading days. The gold today is expected to continue bearish further break the 1700.00. RSI and stochastic indicators are still giving bearish indications. The first target is seen at 1710.40. Strong bearish expectations will appear if successfully moved intensive below 1700 with ... Full story