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Chart of the Week - Gold

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

GOLD REPORT FOR WEEK BEGINNING JULY 23rd

 As we wind down the month of July, it should be noted that the trading ranges over the last two months have grown more and more narrow. In June, Gold prices traded within May’s range and thus far in July, Gold prices have traded within June’s range. This type of price action is fairly normal this time of year in the precious Metals, but traders are trying to figure out what will drive prices out of the narrowing range. Continue reading "Chart of the Week - Gold" →

Chart of the Week - Gold

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

August Gold Futures This Week

 As last week inched up onto Friday the 13th, even the traders that do not consider themselves superstitious were feeling a bit apprehensive about market direction. Many of the major global markets traded in ranges, but overall did not show much promise for anyone hoping to confidently commit to a buy or a sell. Continue reading "Chart of the Week - Gold" →

Chart of the Week - Gold

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

As we begin another week of trading in Gold Futures, traders are wondering if the hangover from Fridays disappointing jobs number (third month in a row where the US economy produced fewer than 100,000 jobs) will continue to pressure precious metals. So far the August futures held Fridays low, but are yet to provide a convincing rebound before the open in New York. Traders are also focused on any news from today’s Eurozone Finance Ministers meeting in Brussels, but are not expecting any major revelations. Throughout this week, Gold traders will also be paying close attention to the start of earnings season in the United States as the FED is still undecided on whether to inject another round of easing at the next FOMC meeting. Continue reading "Chart of the Week - Gold" →

Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The August Gold Futures suffered through a disappointing week for Gold Bugs in the week ending on June 22nd. The chart began to show very serious promise when buyers began to speculate that the US FED would announce another round of easing. This anticipatory rally drove the market to and through an important trendline that ended at the critical $1600 price. Closes above this level had bulls feeling confident, and bears worried about the next target above the prior June high. Continue reading "Chart of the Week" →

Chart of the Week - Gold

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

After completing a solid week of gains, the August Gold futures awaited the outcome of elections in Greece. Sunday night brought positive news early after the Greek vote was finalized, but the euphoria wore off quickly following news in Spain regarding high borrowing costs and bad loans that plague the future of the Spanish economy. Traders were buyers in most sectors early in the overnight session, then heavy sellers as we near the open of the US equity markets. The US Dollar and the Euro have already traded in very wide ranges over the last few hours. Continue reading "Chart of the Week - Gold" →