Gold market analysis for October 14 – key intra-day price entry levels for active traders
(Kitco News) – 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.
Read more‘All that glitters is fear’ as $5,000 gold is now ‘increasingly inevitable’ – Societe Generale
(Kitco News) – With gold already trading over $4,100 on Monday afternoon following last week’s unprecedented break above $4,000 per ounce, even a conservative projection of the yellow metal’s medium-term investment demand suggests the price could reach $5,000 per ounce by the end of next year, according to commodity analysts at Societe Generale.In the French banking giant’s latest commodity research report published Monday, analysts said that the gold price appears poised to gain another $1,000 in relatively short order.
Read moreGold, silver soar to record highs amid short squeeze in silver
(Kitco News) – Gold and silver prices are sharply higher and hit all-time highs in midday U.S. trading Monday. December Gold futures hit an intra-day record high of $4,124.30 an ounce as of this writing. December silver futures hit an intra-day record …
Read moreGold and silver set new all-time highs, but precious metals now ‘severely overbought’ – Heraeus
(Kitco News) – The precious metals market is flashing warning signals as gold, silver, platinum, and palladium have all entered severely overbought territory by key technical measures, according to precious metals analysts at Heraeus.In their latest precious metals update, the analysts wrote that after setting a new all-time high above $51 per ounce last week, “silver’s near vertical rally has triggered a series of cautionary signals across both technical and structural fronts.”
Read moreGold price soars to record high, silver squeezed to near record peak
(Kitco News) – Gold and silver prices are sharply higher in early U.S. trading Monday, with gold hitting another record high and silver very near its record high set in 1980. Safe-haven demand as the U.S. government remains shut down and a short squeez…
Read moreBitcoin October 13 daily chart alert—Bears deliver technical body blow
(Kitco News) – Monday, October 13–October bitcoin futures prices are weaker in early U.S. trading Monday, following sharp losses Friday that produced serious near-term technical damage. Bears have quickly gained the overall near-term technical advantage amid the steep price downdraft. See the important near-term technical support and resistance lines on the chart. Wyckoff’s Market Rating: 3.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish). Stay tuned!
Read moreGold Market Analysis for October 13 – Key Intra-day Price Entry Levels for Active Traders
(Kitco News) – 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. Based on key short-term technical support and resistance levels, I show potential b…
Read moreIs it time to be a bearish gold bull?
(Kitco News) – Since late 2022, gold has been on an unprecedented run, breaking through key resistance levels and setting 41 record highs this year alone.
Read moreWall Street waffles between belief and the fence, Main Street moderates its bullish bets after gold conquers $4,000
The latest Kitco News Weekly Gold Survey showed half of Wall Street’s bullish faction switching to neutral on gold after it crossed the $4,000 price threshold, while Main Street investors also pulled back on their bullishness for next week.
Read moreGold and silver may take a break next week, but they still have plenty of momentum
(Kitco News) – It has been a milestone week for gold and silver, as prices hit new all-time highs above $4,000 and $50 an ounce, respectively.
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