Submitted Jun 6, 2024|From goldpriceforecast.com

Thanks to yesterday’s session, gold bulls gained an important ally, but is it enough to go higher? Looking at the daily chart, we see that although the U.S. currency moved a bit above the previously broken red horizontal line (based on the lower ...

Submitted Jun 5, 2024|From goldpriceforecast.com

Silver not only plunged below $30 and its 2021 high – it also closed there. In other words, the market confirmed what I wrote in yesterday’s analysis. Silver likely topped in a similar manner as it did in 2011, however, if the stock market slides ...

Submitted Jun 3, 2024|From silverpriceforecast.com

Silver price is near the $30 level again; PMI data in focus. The silver futures contract lost 3.47% on Friday, May 31, as it extended its Thursday’s sell-off of 2.6%, retracing almost all of its Monday’s-Tuesday’s rally. On previous week, silver ...

Submitted May 23, 2024|From silverpriceforecast.com

Silver extends yesterday’s retreat as investors await more data. The silver futures contract lost 1.81% on Wednesday, May 22, as it pulled back from its Monday’s new long-term high of $32.75. On Monday, silver rallied by 3.7% and reached a new high, ...

Submitted May 22, 2024|From goldpriceforecast.com

Breakouts in greenback pushed the yellow metal under Monday’s gap. Can we trust this move? The first thing that catches the eye on the daily chart is the breakout above the 50-day moving average and the short-term red declining resistance line based ...

Submitted May 21, 2024|From goldpriceforecast.com

Yesterday’s green gap withstood the selling pressure. Today, the bears replied with a red gap. Who will win this battle? Let’s take a closer look at the charts below. chart The first thing that catches the eye on the above chart is a red gap ...

Submitted May 16, 2024|From goldpriceforecast.com

It’s rare when a target is reached so perfectly as it’s the case in the USDX right now. In yesterday’s analysis, I provided a lot of contexts for the current prices moves. Today, I’ll focus on the short-term price moves and I’ll start with the ...

Submitted May 13, 2024|From goldpriceforecast.com

Gold declined after moving to its 61.8% Fibonacci retracement ONCE AGAIN. The implications are clear. chart Gold just jumped to its 61.8% Fibonacci retracement. On a day-to-day basis, we just saw a sizable, two-day rally that might seem like ...

Submitted May 9, 2024|From goldpriceforecast.com

The situation on the forex market continues to develop with my previous comments. But – as you also read previously – the big impact on gold (and mining stock) prices can be delayed until the markets are more certain that the rallies are not ...

Submitted May 1, 2024|From goldpriceforecast.com

Gold price ended April with a bang – declining by over $50 yesterday, and closing the month about $150 below its high. And that, my friends, is an epic reversal. Gold price was likely to decline here, as it has already broken below the rising ...

Submitted Apr 30, 2024|From goldpriceforecast.com

Both key precious metals moved decisively lower today, which is in perfect tune with their recent price patterns. Consolidations, pauses, and breathers are the same thing (their length differs) and they serve one purpose – to cool down people’s ...

Submitted Apr 29, 2024|From goldpriceforecast.com

Markets are connected, and what happens in stocks and currencies is likely to impact gold as well. Today’s analysis is going to be short as very little happened on the markets on Friday and in today’s pre-market trading, and whatever happened was ...

Submitted Apr 24, 2024|From goldpriceforecast.com

What a powerful sign from gold and the USD Index! It was just yesterday when I wrote that the gold-USD link is likely to be back and that gold can decline even without USD’s rally or during its consolidation, and yesterday’s session already ...

Submitted Apr 17, 2024|From silverpriceforecast.com

Silver continues sideways as markets fluctuate following Friday’s volatility. The silver futures contract lost 1.19% on Tuesday, April 16, as it fluctuated following its Friday’s rally and an intraday decline from a new medium-term high of $29.91. ...

Submitted Apr 5, 2024|From goldpriceforecast.com

In short, everything that I wrote yesterday and on Monday remains up-to-date. Gold is rallying regardless of what’s happening in other markets, and while there are signs of a top, gold appears to simply not care about them at the moment. We see, ...

Submitted Apr 3, 2024|From goldpriceforecast.com

Gold is rallying regardless of what’s happening in other markets. And while there are signs of a top, gold appears to simply not care about them at the moment. In particular, the gold price keeps on forming daily reversal candlesticks, which ...

Submitted Apr 1, 2024|From silverpriceforecast.com

Silver is still relatively weaker than the record-breaking gold. The silver futures contract gained 0.66% on Thursday, March 28, as it extended its rebound from Wednesday. It basically continued sideways after slightly extending its short-term ...

Submitted Mar 20, 2024|From goldpriceforecast.com

The announcement of the week award goes to BoJ that just hiked rates for the first time in 17 years. Not without impact on gold. In the aftermath of the decision, the Japanese yen fell in value, which might seem surprising unless one knows about the ...

Submitted Mar 15, 2024|From oilpriceforecast.com

Oil stocks broke above important resistances, hitting a fresh multi-year peak. Is this the end of the bears? Technical Picture of the XOI In recent days crude oil reversed and jumped above the early March peaks, breaking above the barrier of $80. ...

Submitted Mar 13, 2024|From goldpriceforecast.com

Gold price finally declined yesterday, but it’s still above its 2023 high – is this just a verification? In short, that’s possible, but it’s not what appears likely. Despite yesterday’s (still relatively small) decline, gold remains extremely ...