- This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
The 5-minute bar chart for the active gold futures contract shows key short-term moving averages , which the trader can use for crossover buy and sell signals. Also, based on key short-term technical support and resistance levels, I show potential buy and sell price entry points. If you are an active intra-day trader of gold, you definitely want to check out this unique and exclusive daily trading/analytical tool found only at Kitco.
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Likely Price Locations of Buy and Sell Stop Orders in Comex Gold and Silver Futures MarketsThis article provides information on the probable locations of buy and sell stop orders in the active Comex gold and silver futures markets. It explains the purpose of stop orders and highlights the importance of knowing their likely placement for traders. Stop orders can be used to minimize losses, protect profits, or initiate new positions. They are typically placed based on key technical support or resistance levels on the daily chart. Understanding the location of buy and sell stops can help traders anticipate intensified buying or selling pressure in the market.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Mild price pressure on gold, silver amid more downbeat China dataSenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Risk-on greater reason for record-high Q2 gold price than interest rate decline – BristowThe all-time-high second-quarter (Q2) gold price is less about the forecast decline in interest rates and more about risk-on amid global economy wrestling and world deglobalisation, Barrick president and CEO Dr Mark Bristow highlighted this week, following his round-the-world travel. “China is certainly going to recover – but not back to where it was,” Bristow forecast during the Q2 results presentation of the New York- and Toronto-listed gold and copper mining company. (Also watch attached Creamer Media video.)
Source: MiningWeeklyCA - 🏆 48. / 63 Read more »
Gold and Silver Prices Rise on Tamer-than-Expected U.S. Consumer Price IndexGold and silver prices have increased and reached their session highs in early U.S. trading due to a U.S. consumer price index report that came in lower than market expectations. The report shows a 3.2% increase in the July U.S. consumer price index, slightly below the consensus forecast of 3.3%. This data suggests that the Federal Reserve will not raise interest rates at its September meeting. Concerns about a fractured global economy are also fueled by sputtering trade and China slipping into deflation.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »