GC=F - Gold Aug 19
| Pre. Settlement | N/A |
| Settlement date | 2019-08-28 |
| Open | 1,506.30 |
| Bid | 1,493.90 |
| Last price | 1,500.40 |
| Day's range | 1,503.00 - 1,507.90 |
| Volume | 3,899 |
| Ask | 1,494.20 |
- FX Empire
Silver Price Forecast – Silver markets recover after initially selling off
Silver markets fell significantly during the trading session on Monday to kick off the week but have found buyers underneath the turn things around and show signs of life again at a large, round, psychologically significant figure.
- FX Empire
Crude Oil Price Forecast – Crude oil markets grind a bit higher on Monday
Crude oil markets rallied a bit during the day on Monday, but quite frankly they are heading towards significant resistance above that should continue to come into play. With that in mind I’m looking for Shorty opportunities given enough time.
- FX Empire
Gold Price Forecast – Gold markets dip to find buyers
Gold markets fell a bit during the trading session on Monday, to reach down and test the $1500 level. By doing so, the Gold markets look as if they are going to continue to attract a lot of money. At this point, I think gold is going to continue to show strength.
- FX Empire
GBP/USD Price Forecast – British pound rolls over to kick off week
The British pound fell a bit during the trading session on Monday to kick off the week, as the Brexit continues to cause major issues. Ultimately, it looks as if the downtrend should continue. With that in mind I continue to sell signs of exhaustion.
- FX Empire
GBP/JPY Price Forecast – British pound stalls
The British pound went back and forth during the trading session to open the week on Monday, as we continue to see a lot of questions about the Brexit. Beyond that, we have a certain amount of concern when it comes to global economics.
- FX Empire
EUR/USD Price Forecast – Euro continues to find resistance overhead
The Euro tried to rally during the trading session on Monday but has continue to find resistance just above. By selling off after trying to rally, it shows just how soft the Euro truly is.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – August 19, 2019 Forecast
Based on the early price action, the direction of the September E-mini S&P; 500 Index the rest of the session on Monday is likely to be determined by trader reaction to the short-term 50% level at 26215.
- FX Empire
Natural Gas Price Fundamental Daily Forecast – Mixed-to-Bearish Weather Forecast Leads to Sideways-to-Lower Trade
Look for a potential upside bias to begin on a sustained move over $2.226 and for the downside bias to resume on a sustained move under $2.132.
- Zacks
Why Barrick Gold (GOLD) Stock Might be a Great Pick
Barrick Gold (GOLD) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- FX Empire
EUR/USD Mid-Session Technical Analysis for August 19, 2019
Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 1.1112.
- FX Empire
Stocks Ready to Jump Again, but Is Downtrend Over?
Stocks retraced some of their recent declines on Friday, as investors’ sentiment improved following bouncing off the short-term support level, economic data releases. The S&P; 500 index continues to trade within a consolidation. Is this a bottoming pattern or just a flat correction before another leg down?
- Zacks
Oil Prices Rise on Saudi Oilfield Attack: Winners & Losers
A weekend attack on a Saudi oil facility by Yemeni separatists sends oil prices higher. Here's a rundown on big winners and losers from the oil price rally.
- FX Empire
Price of Gold Fundamental Daily Forecast – Investors Take Profits in Reaction to Firmer Yields, Strong Stock Market
Gold prices could weaken for several days as traders trim positions ahead of the start of the central banker symposium at Jackson Hole, Wyoming.
- FX Empire
Gold Falls Below the 1,500 as Equities and US Bonds Recovery
Gold and silver are trading down on Monday as investors are betting on riskier assets such as equities and currencies. XAU/USD is testing the 1,490 area, while silver is trading below the 17.00 area.
- FX Empire
Oil Price Fundamental Daily Forecast – Underpinned by White House Officials’ Comments, Drone Attack; Capped by Demand Worries
Over the weekend, White House economic adviser Larry Kudlow said trade deputies from the United States and China would speak within 10 days and could advance negotiations over ending the trade dispute between the two economic powerhouses if those talks pan out.
- FX Empire
AUD/USD Forex Technical Analysis – August 19, 2019 Forecast
The price action suggests traders have a limited bias early in the session. However, holding above the pivot at .6740 suggests a support base may be forming.
- FX Empire
USD/JPY Fundamental Weekly Forecast – Tough Talk from Powell Will Dampen Safe-Haven Demand
Powell will essentially have to talk tough in an effort to calm the financial markets. If he misses then he may actually trigger more volatility in the stock markets that could send investors back into the Japanese Yen for safety.
- FX Empire
Natural Gas Price Fundamental Weekly Forecast – Cooling Trend Expected to Start Middle of Week Through August 30
The week will start with mixed weather conditions. NatGasWeather points out blistering conditions in Texas and out West, but cooler-trending weather outlooks for the rest of the country.
- FX Empire
Crude Oil Price Update – Strengthens Over $55.72, Weakens Under $53.95
On Friday, October WTI crude oil settled between a pair of 50% levels at $53.95 and $55.72. Since the trend is down, we’ll look at it from the short-side perspective. Based on the close at $54.81, the direction of the market on Monday is likely to be determined by trader reaction to the main 50% level at $55.72.
- FX Empire
NZD/USD Forex Technical Analysis – Closed on Weak Side of Minor Pivot at .6483
Based on last week’s price action and the close at .6425, the direction of the NZD/USD on Monday is likely to be determined by trader reaction to the pivot at .6483.
- FX Empire
U.S. Dollar Index Futures (DX) Technical Analysis – Closing in Position to Challenge Contract High at 98.700
The main trend is up according to the daily swing chart. A trade through 98.700 will signal a resumption of the uptrend. A move through 96.980 will change the main trend to down.
- FX Empire
Natural Gas Price Prediction – Prices Reverse Thursday’s Gains Falling Below Resistance
No tropical cyclones are expected
- FX Empire
Gold Price Prediction – Gold Prices Consolidate and Close at a 6-year Weekly High
Weak housing data weighed on short term yields
- FX Empire
S&P 500 Weekly Price Forecast – Stock markets find a bit of recovery
The S&P; 500 has been very noisy during the week, breaking down towards the 50 week EMA before bouncing. It this does show a bit of conflict, which after the last couple of weeks might be a good thing.
- FX Empire
AUD/USD Weekly Price Forecast – Australian dollar chops for the week
The Australian dollar has chop around during the week, showing signs of exhaustion, as the Australian dollar of course continues to suffer at the hands of the US/China trade war which seems to only be getting worse.
