COMEX Technical Analysis Overview

GOLD Gold edged lower overnight to open at 1335.50/1336.50. It fell briefly to a low of 1333.50/1334.50 as U.S. equities opened at an all-time high after China’s Yuan depreciated to its lowest level in over three years. The metal then advanced to a high of 1343.00/1344.00 after disappointing U.S. data pointed to low consumer confidence that raised concerns about economic recovery; this coupled with worries about China’s economic slowdown...

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Singapore STI Weekly Technical Analysis

P { margin-bottom: 0.21cm; } Weekly wrap of STI: For the third week of February the STI still continues to be in uptrend & the trend seems to continue further as all the major resistance that we have forecasted in the last weekly report of 14 Feb 2014 has been broken positively for this week and our last weekly report hit accurately on our forecasted levels As the uptrend start from 3048 the opening level at 17th Feb. and then...

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COMEX Report Of Daily Technical Analysis

GOLD Gold moved lower overnight to open at 1311.50/1312.50 following soft data out of China and France. The metal climbed to a high of 1317.50/1318.50 before dipping to a low of 1311.00/1312.00 as the dollar stabilized and U.S. equities rose following mixed U.S. economic data that showed a small drop in initial jobless claims. A weak Philly Fed number brought in fresh interest, leading the metal to a close of 1316.50/1317.50. Gold has had...

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COMEX Report of Technical Analysis

GOLD Gold edged marginally lower overnight to open at the intraday low of 1317.00/1318.00. It moved up higher following weaker-than expected U.S data that included a drop in NY Fed manufacturing activity and a decline in home builder confidence as investors remain cautious on global economic growth.  The metal consolidated to close at the session high of 1324.00/1325.00. Gold closed lower today at 1324, unable to breach resistance...

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COMEX Technical Analysis Outlook

SILVER Silver advanced overnight – crossing the 200-day MA of $21 – to open at 21.07/21.12. It briefly touched a low of 21.05/21.10 before following gold to a high of 21.42/21.47. It concluded the session at 21.40/21.45. Silver also closed higher this week, breaking through a downtrend that had been in place since August 2013 and closing at 21.45. RSI is now testing resistance around the 52 level. These are encouraging signs that silver has...

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COMEX Daily Technical Analysis Report

GOLD Gold edged lower overnight to open at the session low of 1292.00/1293.00.  The metal climbed after weaker-than-expected U.S. data showed disappointing consumer retail spending and lackluster growth in jobs. The metal touched a high of 1300.50/1301.50 before concluding the session at 1300.00/1301.00.  Gold traded higher today, closing at 1301 and continuing its uptrend off the December 31st low. We are bullish gold so long...

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