WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Today’s Trading Edge: Gold continues to drift lower as dollar remains steady ahead of next week’s FOMC

Posted by WorldWideMarkets . on Sep 15, 2016 7:18:18 PM

Gold prices continued to drift lower and fell to a two-week low around the $1,320 area despite a plethora of weaker than expected US economic data releases.  Earlier in NY, US August retail sales disappointed for a second consecutive month, Industrial production fell, PPI figures were soft, and the Empire Manufacturing reading came in lower than expected.  The positive releases were Philly Fed, which had its highest reading since February 2015 and jobless claims remained steady.

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Topics: gold, $GLD, Commodity Trading

Today’s Trading Edge: Chevron Corp shares plunge but respect 100-day SMA

Posted by WorldWideMarkets . on Jul 31, 2016 9:39:00 PM

 

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Topics: Commodity Trading, $OIL, US Stocks, US equities

Today’s Trading Edge: Gold pressured by Chinese investors selling

Posted by WorldWideMarkets . on Feb 15, 2016 8:12:14 PM

WWM_GOLD_FEB_15_2016.jpg

Last week, gold prices ended a 7-day winning streak after profit taking occurred after reaching the key technical $1,200 handle level. Price eventually had another major leg higher from risk aversion as global equities came heavily under pressure.

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Topics: precious metals, gold, $GLD, Commodity Trading

Today’s Trading Edge: Gold rallies to a 4-Week High

Posted by Edward Moya on Sep 24, 2015 11:57:07 AM

Gold prices are poised to have the largest daily advance since January. The precious metal is seeing strong buying volume as demand for the safe haven increased amid a strong selloff with global equities. In addition to risk aversion, short covering is also contributing to the bullish move.

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Topics: commodities, precious metals, gold, $GLD, Commodity Trading

 

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