|Day's Range||1,311.80 - 1,315.20|
Based on the early price action, the direction of the December Comex gold futures contract early Monday is likely to be determined by trader reaction to the minor pivot at $1517.50.
Investing.com - Gold prices were down on Tuesday in Asia as traders awaited the upcoming Jackson Hole Symposium in Wyoming and a speech by Federal Reserve Chairman Jerome Powell.
The RBA minutes should offer nothing new for investors and should take on a somewhat dovish tone. However, the primary focus for investors this week will be speeches by Governor Lowe and Fed Chair Jerome Powell at the Jackson Hole Symposium.
With gold confirming a new bull market, it’s time to step back and look at the big picture. Using technical analysis, I’ll provide potential price objectives for the next decade.
Silver markets fell significantly during the trading session on Monday to kick off the week but have found buyers underneath the turn things around and show signs of life again at a large, round, psychologically significant figure.
Crude oil markets rallied a bit during the day on Monday, but quite frankly they are heading towards significant resistance above that should continue to come into play. With that in mind I’m looking for Shorty opportunities given enough time.
Gold markets fell a bit during the trading session on Monday, to reach down and test the $1500 level. By doing so, the Gold markets look as if they are going to continue to attract a lot of money. At this point, I think gold is going to continue to show strength.
The British pound fell a bit during the trading session on Monday to kick off the week, as the Brexit continues to cause major issues. Ultimately, it looks as if the downtrend should continue. With that in mind I continue to sell signs of exhaustion.
The British pound went back and forth during the trading session to open the week on Monday, as we continue to see a lot of questions about the Brexit. Beyond that, we have a certain amount of concern when it comes to global economics.
The Euro tried to rally during the trading session on Monday but has continue to find resistance just above. By selling off after trying to rally, it shows just how soft the Euro truly is.
Based on the early price action, the direction of the September E-mini S&P; 500 Index the rest of the session on Monday is likely to be determined by trader reaction to the short-term 50% level at 26215.
Look for a potential upside bias to begin on a sustained move over $2.226 and for the downside bias to resume on a sustained move under $2.132.
Canada's main stock index rose on Monday, led by energy companies, as sentiment was buoyed by signs of an interest rate reform in China that raised hopes that major economies would act to counter slowing economic growth. * China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the United States. * At 9:42 a.m. ET (13:42 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 61.6 points, or 0.38%, at 16,211.39.
Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 1.1112.
Stocks retraced some of their recent declines on Friday, as investors’ sentiment improved following bouncing off the short-term support level, economic data releases. The S&P; 500 index continues to trade within a consolidation. Is this a bottoming pattern or just a flat correction before another leg down?
A weekend attack on a Saudi oil facility by Yemeni separatists sends oil prices higher. Here's a rundown on big winners and losers from the oil price rally.
Gold prices could weaken for several days as traders trim positions ahead of the start of the central banker symposium at Jackson Hole, Wyoming.
Gold and silver are trading down on Monday as investors are betting on riskier assets such as equities and currencies. XAU/USD is testing the 1,490 area, while silver is trading below the 17.00 area.
Over the weekend, White House economic adviser Larry Kudlow said trade deputies from the United States and China would speak within 10 days and could advance negotiations over ending the trade dispute between the two economic powerhouses if those talks pan out.
The price action suggests traders have a limited bias early in the session. However, holding above the pivot at .6740 suggests a support base may be forming.