Tuesday, 16 January 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--

Gold Getting Ready To Make Big Move
Monday, 8 January 2018 21:49 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold has had a monster rally of almost $90 over the last 19 trading days. What looked like a breakdown turned into a great buying opportunity or a short squeeze. On Thursday, gold looked like it had the final blow-off to the upside on heavy volume, making a high at $1,327.30 in the February futures. Since Thursday, gold has traded slightly lower than the high but has stayed inside a $20 range.

Typically, when markets start to have consecutive inside days, the common theory is a big move is coming and usually that move follows the prevailing longer-term trend. Gold should move 4%-6% from where it™s trading now. The move can be either way as the chart compresses as it gets ready to break out of this range.

We expect the move to be to the downside; the rally was more of a dead-cat bounce and a test of the lows is in order. We are watching the $1,328 level on a weekly basis. Until gold closes above that level, we will trade it from the short side. We are long-term bullish, short-term bearish.

Source: Kitco News

RELATED NEWS
Gold Could Test The 'Ultimate Target For Bulls' This Week - MKS...
Tuesday, 16 January 2018 05:25 WIB

Seiring harga emas terus membuat jalan ke level yang lebih tinggi minggu ini, logam kuning ini bisa menguji "target tertinggi para bulls," yang saat ini ditetapkan di level $ 1,357 “ level tinggi bu...

RBC's Gero Sees Gold Hitting $1,400 By End Of 2018...
Tuesday, 2 January 2018 11:39 WIB

Emas akan mendapatkan kenaikan yang stabil pada tahun 2018 seiring inflasi yang meningkat dan persaingan dari pasar ekuitas melambat, menurut George Gero, managing director di RBC Wealth Management. ...

Gold Prices Expected To Trend Higher In Quiet Holiday Week...
Monday, 25 December 2017 19:11 WIB

Dolar AS berjuang untuk menemukan momentum dan detik-detik terakhir pajak penjualan di pasar ekuitas yang memecahkan rekor dapat membantu memberikan dorongan ke atas untuk emas minggu ini dalam perdag...

BMO Sees Average Gold Price of $1,280/Oz in 2018...
Wednesday, 20 December 2017 05:00 WIB

Harga emas akan berada di level rata-rata $ 1.280 per ounce pada tahun 2018, dengan minat beli, seiring inflasi yang masih dibawah target dan kebijakan moneter yang longgar di seluruh dunia, diimbangi...

If Fed Signals Weak Inflation, Gold Could Move Back Up To $1,300 - TD Securities...
Tuesday, 12 December 2017 18:10 WIB

Setelah sesi perdagangan yang mengecewakan, satu bank melihat emas bisa mengakhiri pekan ini dengan catatan positif, dengan harga mungkin bergerak naik ke level $ 1.300 per ounce jika Federal Reserve ...

POPULAR NEWS
Gold Could Test The 'Ultimate Target For Bulls' This Week - MKS

As gold prices continue to make their way higher...

Dollar Kicks Off The Week With More Losses

The dollar™s weakening trend continued on...

Gold Rallies to Four-Month High as Dollar Extends Drop

Gold advances to highest in four months...

LATEST NEWS
GBP/USD Refreshes Session Lows Post-UK CPI

The GBP/USD pair retreated farther from post-Brexit highs and refreshed session lows following the release of UK inflation figures. Currently trading around the 1.3770-65 region, the pair met with some supply after the UK consumer inflation, as...

Gold Retreats from Four-Month High as Dollar Rises

Gold retreated from a four-month high as the dollar regained its footing and stocks in Europe maintained a bullish tone. Bullion for immediate delivery -0.4% at $1,334.60/oz. Metal climbed to $1,344.81 on Monday, highest since Sept. 8. Bloomberg...

U.K. Inflation Rate Slips to 3%, First Decline in Six Months

U.K. inflation eased for the first time in six months in December, thanks to the cost of air fares as well as games and toys. The decline took the rate to 3 percent from 3.1 percent in November, which was the fastest in more than five years. A...