Topics

Posted 9/2/2023, 12:48:00 AM

The second week of gains in gold futures confirms a piercing line

Gold futures have seen two consecutive weeks of gains and have formed a bullish reversal pattern known as a piercing line, suggesting that gold could potentially reach or exceed $2000 per ounce in the near future.

kitco.com

Relevant topic timeline:

8/21/2023

Gold Price Forecast – Gold Markets Continue to Look for a Bounce

The recent uptick in gold prices may face resistance at the $2000 milestone, while a dip below $1900 could lead to a decline towards the $1800 range, as gold's volatility is intertwined with the fluctuations of the US dollar and is influenced by interest rates.

8/23/2023

Gold Market Analysis for August 23 - Key Intra-day Price Entry Levels for Active Traders

This article promotes a 5-minute bar chart for Comex gold futures as a valuable tool for active intra-day gold futures traders, providing key moving averages and potential buy and sell price entry points.

8/23/2023

Solid gains for gold, silver as Jackson Hole looms

Gold and silver prices rise as the weaker U.S. dollar index and dip in U.S. Treasury yields attract futures traders and bargain hunters, while anxieties build over upcoming speeches from the Fed and ECB on future monetary policy direction and the potential shift in the Fed's inflation goal.

8/23/2023

Price gains for gold; silver bulls charged up

Gold prices are slightly up and silver prices have hit a three-week high due to short covering and bargain hunting, with silver seeing significant improvement in its technical posture.

8/25/2023

Gold Weekly Price Forecast - Gold Markets Bounce From Technical Support

Gold has found support at the 50-Week EMA, suggesting consolidation and a potential target of $2000, but breaking below $1900 could have negative implications for the gold market; the bond markets and interest rates should be monitored to determine gold's future direction, and caution is advised due to the end of summer and the absence of major players in the market.

8/29/2023

Gold recovers further as value-buying kicks in ahead of labor market data

Gold price is aiming to sustain above $1,920.00 as pressure builds on the US Dollar and Treasury yields, with the upcoming labor market data playing a crucial role in guiding the Federal Reserve's policy action.

8/29/2023

Gold market poised for rally as consumer demand set to pick up - SSGA's Geroge Milling-Stanley

Renewed physical demand from emerging markets, such as India and China, could reignite the gold market's bullish uptrend and drive prices higher towards $2,000 an ounce before the end of the year, according to market strategist George Milling-Stanley.

9/5/2023

Gold could retest $1900 amid equity and dollar strength - Walsh Trading's Sean Lusk

Gold could retest $1900 before experiencing further gains, due to seasonal factors, the strength of stocks and the US dollar, according to Sean Lusk, co-director of commercial hedging at Walsh Trading, but he remains optimistic about the longer-term outlook for the precious metal.

9/11/2023

Gold Stuck in Neutral as Investors Cautious Amid Rising Yields, Strong Dollar

Hedge funds are reducing their bearish bets in gold, but bullish sentiment needs to improve for gold prices to break initial resistance above $1,980 an ounce.

9/15/2023

Gold Rallies to New Highs as Consumer Sentiment Remains Gloomy

The gold market is testing resistance around $1,950 an ounce as U.S. sentiment sours and inflation pressures ease.

9/22/2023

Kitco Provides Key Gold Price Entry Points for Active Traders on Sept. 22

This article discusses a 5-minute bar chart for Comex gold futures, which provides valuable insights and trading signals for active intra-day gold futures traders.

Topics

Posted 9/2/2023, 12:48:00 AM

The second week of gains in gold futures confirms a piercing line

kitco.com

Relevant topic timeline:

8/21/2023

Gold Price Forecast – Gold Markets Continue to Look for a Bounce

8/23/2023

Gold Market Analysis for August 23 - Key Intra-day Price Entry Levels for Active Traders

8/23/2023

Solid gains for gold, silver as Jackson Hole looms

8/23/2023

Price gains for gold; silver bulls charged up

Gold prices are slightly up and silver prices have hit a three-week high due to short covering and bargain hunting, with silver seeing significant improvement in its technical posture.

8/25/2023

Gold Weekly Price Forecast - Gold Markets Bounce From Technical Support

8/29/2023

Gold recovers further as value-buying kicks in ahead of labor market data

8/29/2023

Gold market poised for rally as consumer demand set to pick up - SSGA's Geroge Milling-Stanley

9/5/2023

Gold could retest $1900 amid equity and dollar strength - Walsh Trading's Sean Lusk

9/11/2023

Gold Stuck in Neutral as Investors Cautious Amid Rising Yields, Strong Dollar

Hedge funds are reducing their bearish bets in gold, but bullish sentiment needs to improve for gold prices to break initial resistance above $1,980 an ounce.

9/15/2023

Gold Rallies to New Highs as Consumer Sentiment Remains Gloomy

The gold market is testing resistance around $1,950 an ounce as U.S. sentiment sours and inflation pressures ease.

9/22/2023

Kitco Provides Key Gold Price Entry Points for Active Traders on Sept. 22

This article discusses a 5-minute bar chart for Comex gold futures, which provides valuable insights and trading signals for active intra-day gold futures traders.