Gold Attempts To Break Away From Daily Lows As U.S. Existing Home Sales Disappoint
XAU/USD touches new 2018 low at $1236 on Friday. Wall Street starts the day slightly higher, struggles to gain traction. US Dollar Index consolidates daily gains after touching 95. After recording.
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Gold Attempts To Break Away From Daily Lows As U.S. Existing Home Sales Disappoint May 21 2019 New Reality: Gold Has A Chance To Hit $1,400 This Year, Says Scotiabank
Pending Home Sales Jump In June, Break 17-Month Losing Streak. by Zero Hedge – July 30th, 2019 8:36 pm. Courtesy of ZeroHedge.View original post here.. After mixed home sales data (new higher and existing lower), pending home sales were expected to increase by 0.5% MoM but beat handily, rising 2.8% MoM.
Folks, it’s not a strange behavior as the Gold mostly moves this way in the last 15 days of December. Gold – 240 – Mins Chart. The current trading range of Gold is $1,259 to $1,265. The break above this range will open further room for buying until $1,269. While below $1,265 the Gold is likely to stay bearish up to $1,259.
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His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011. Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published.
Easing home prices accompanied by the weakening outlook for global. may heighten the appeal of the Canadian dollar as it encourages the BoC to gradually move away from its easing cycle. Need to see.
There are areas where people should stay away from, such as the west face of the bluff and others, where people need to be rescued. “What we’re looking to do is extend the areas where people can go to.
Gold retreats from $1355 The high close of the year in gold came on January 23 at $1356. Since then that level has been exceeded on an intraday basis seven times including today — only to close.
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Why Gold Will Break Above $1,400 Soon (GLD) Share This Article.. GLD currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 35 ETFs in the Precious Metals ETFs category.