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Gold Futures - Jun 24 (GCM4)

Real-time derived
Symbol
Exchange
Currency
GCDerivedUSD
XAUUSDc1IstanbulUSD
BORc1B3BRL
GDRTSc1MoscowUSD
SHAUc1SHFECNY
JAUc1TOCOMJPY
GCc1CMEUSD
GCc2CMEUSD
GCc3CMEUSD
GCc4CMEUSD
GCc5CMEUSD
GCc6CMEUSD
GCc7CMEUSD
Currency in USD
Disclaimer
2,338.20
-3.90(-0.17%)
Real-time Data

Gold Futures Discussions

Raffi, I know at least one major analyst that believes that is the scenario. The selling pressure still seems to be quite prevalent.  The inability of the bulls to cease their numerous opportunities may indicate the correction is not complete. The roll over looked good for them but that appears to be fading. I\'m feeling 1265 ish is resistance not support. The daily chart definitely supports your assertion. That being the case why don\'t the bulls put this to bed?
Bc there isnt a catalyst to take it there.. it will require ppl to see economy isnt good at all or for the trade deal to not happen or the fed hinting at more rate cuts or somethkng else out of the blue.. havjng said that, with no trade deal, still uncertainties as to a recission etc. It would be absurd if it fell to $1420 on nothing.. bottom line it can go in either direction and will depend on the fundamentals
 A little confused. For it to go down, trade deal is a catalyst. For it to go up, worsening economy and rate cuts are catalysts. Ression and worsening economy are one in the same. Ression at this point in time has been moved to the back burner as a catalyst for affecting the "SHORT" term direction of gold. Not to say something could't happen. Believe it or not, Trump has virtually taken the geopolitical concerns out of the market. The Technicals are wishy washy, either way it goes analysts on the correct side will have all the supporting arguments required. I have noted the see saw battle going on for some time now and the apparent opportunities (mostly bulls) have had and failed to take advantage. Should you have fundamentals that should move the price, I would appreciate you sharing them with me. Thank you. PS. Impeachment is dead in the water for Democrats and will only help Trump and possibly fuel the market in concert with a trade deal "SHOULD" it occur.
Well im holding quite alot of gold so eithet the trade deal going sour or the economic data has to start missing estimates on a regular basis which will bring back the idea of a recission... both of these will then also start giving ideas of another rate cut... the bear case would require a phase 1 deal done and gor the economic data to beat estiates regularly and nothjng like a “black swan” to happen jn tbe short term.. but even if it goes to $1420 or $1412ish i wont close and will hold my positions bc i am certain the trend isnt going to reverse and it will go back ip to $1500+
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