Gold Price Predication for January 31, 2018

Gold Price Predication for January 31, 2018 — Gold prices whipsawed but ended the session lower, as the Euro was unable to gain traction, despite a yield differential that is moving in favor of Europe. Tuesday’s States of the Union message from Trump is expected to focus on infrastructure, ahead of Wednesday’s FOMC decision and Friday’s Jobs report. Traders will likely hold adding to new positions ahead of the U.S. payroll report. German State inflation came in lower than expected allowing German yields to ease, while U.S. chain store sales rose in the latest week.

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Gold Price Futures (GC) Technical Analysis – Momentum Has Shifted to Downside; Changes Trend Under $1329.10

Gold Price Futures (GC) Technical Analysis

A stronger U.S. Dollar helped pressure April Comex Gold prices on Monday. The dollar was being helped by a weaker Euro, oversold technical conditions and general nervousness ahead of President Trump’s first State of the Union address late Tuesday, the release of the Fed’s monetary policy statement on Wednesday and Friday’s U.S. Non-Farm Payrolls report.

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Gold Price Futures (GC) Technical Analysis – Momentum Has Shifted to Downside; Changes Trend Under $1329.10 via @marketinvestor

Gold Price Prediction for January 29, 2018

Gold Price Prediction

Gold Price Prediction : Gold prices moved slightly higher and close at 19-month weekly high, and is now poised to test the June 2016 high close at 1,366. Prices appear to be forming a daily bull flag pattern which is a pause that refreshes higher. Support is seen near the 10-day moving average at 1,340. Short-term resistance is seen near the weekly highs at 1,366.

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Gold Price Prediction for January 29, 2018 via @marketinvestor

Gold Tops At 5-Year Resistance; Silver Collapses

Silver Collapses

Gold Silver Reports – Gold topped exactly at important 5 YEAR trend line resistance at 1363/65 for a sell signal. Longs at first support at 1345/44 worked perfectly with a potential 10 point profit. Exit now. Try shorts if we get anywhere near 1360/65 with stops above 1375. If we unexpectedly close the week above 1366 we should target Fibonacci resistance at 1379/80 next week.

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Gold Tops At 5-Year Resistance; Silver Collapses via @marketinvestor