Gold
prices managed to hit U.S. $ 1,250 per ounce and touched U.S. $ 1,236
per ounce , before it closed lower at U.S. $ 1,243 per ounce last week . FOMC
Minutes released by the U.S. Federal Reserve ( Fed ) in the last week
did confirm the existence of an agreement that the Fed's monetary
stimulus could be reduced in line with the improving U.S. economic data .
This triggered negative sentiment and increasingly pressing gold . Having breached the level of U.S. $ 1,250 , gold is likely to lead to an area of U.S. $ 1,235 to U.S. $ 1,200 per ounce . The strongest near-term support at U.S. $ 1,180 , which is most likely a potential rebound could occur . Immediate resistance at U.S. $ 1,250 and U.S. $ 1,280 . If
gold managed to hold above U.S. $ 1294 , then gold has the potential to
continue its rebound to the area of U.S. $ 1,300 -US $ 1,325 . The strongest short-term resistance at U.S. $ 1,362 , where the potential downside pressure may occur .
A number of important U.S. economic data this week that will affect the price movement of gold was pending home sales data ( pending sales ) on Monday , consumer confidence on Tuesday , durable goods as well as data and jobless claims . In general, the data are thought to improve and potentially negative for gold . Meanwhile , the results of the survey are held Kitco News Gold Survey said , investors selloff last week to signal weakening gold price in the next week .
As reported by Forbes , of the 25 participants who responded to the survey , as many as six participants predict the price of gold will rise . Dominating the survey , a total of 14 participants were convinced that the price of the precious metal will weaken . While the other five estimates , gold prices will move ini.Para week varied participants in the survey were the buyers and sellers of gold , investment banks , money managers and technical chart analysts the price movements of precious metals .
While in the previous survey , most of the participants predict gold prices will rise . Because, in Friday trading in the week , the gold price rose by U.S. $ 42 .The participants who predict a decrease in the price of gold explains, it saw the technical chart shows the price movement weakening trend . Not only that , a variety of great economic news also shows the movement of gold in the same direction . When the European Union abruptly lowered their interest rates , gold prices had soared . Originally Streible sure it was a turning point for gold prices . Unfortunately , it did not last long.
Meanwhile, although a number of participants felt the gold price will continue to fall , but the presence of a sell-off this week is still in doubt . Moreover, after the gold market collapsed last week . The participants of the said gold prices could weaken to a level of U.S. $ 1,240 per ounce or rose to the level of U.S. $ 1,275 per ounce . On the other hand , a market strategist at Archer Financial Services , Adam Klopfeinstein said last week the price of gold did show weakness . But he sees the potential strengthening of gold prices this week
A number of important U.S. economic data this week that will affect the price movement of gold was pending home sales data ( pending sales ) on Monday , consumer confidence on Tuesday , durable goods as well as data and jobless claims . In general, the data are thought to improve and potentially negative for gold . Meanwhile , the results of the survey are held Kitco News Gold Survey said , investors selloff last week to signal weakening gold price in the next week .
As reported by Forbes , of the 25 participants who responded to the survey , as many as six participants predict the price of gold will rise . Dominating the survey , a total of 14 participants were convinced that the price of the precious metal will weaken . While the other five estimates , gold prices will move ini.Para week varied participants in the survey were the buyers and sellers of gold , investment banks , money managers and technical chart analysts the price movements of precious metals .
While in the previous survey , most of the participants predict gold prices will rise . Because, in Friday trading in the week , the gold price rose by U.S. $ 42 .The participants who predict a decrease in the price of gold explains, it saw the technical chart shows the price movement weakening trend . Not only that , a variety of great economic news also shows the movement of gold in the same direction . When the European Union abruptly lowered their interest rates , gold prices had soared . Originally Streible sure it was a turning point for gold prices . Unfortunately , it did not last long.
Meanwhile, although a number of participants felt the gold price will continue to fall , but the presence of a sell-off this week is still in doubt . Moreover, after the gold market collapsed last week . The participants of the said gold prices could weaken to a level of U.S. $ 1,240 per ounce or rose to the level of U.S. $ 1,275 per ounce . On the other hand , a market strategist at Archer Financial Services , Adam Klopfeinstein said last week the price of gold did show weakness . But he sees the potential strengthening of gold prices this week
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