Ammeo

Survey Participants Split Over Gold Price Direction For Next Week Survey participants in the weekly Kitco News Gold Survey were split again on their views for gold-price direction for next week, with only a nominal number bearish. Out of 37 participants, 22 responded this week. Of those, eight see higher prices, nine see lower prices and five see prices trading sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.

Closed my short at 1,268. Added a sell entry at 1,275

The market responded negatively to ECB decision to cut the interest rate from 0.15% to 0.05 , we have 200 pip fall on the EUR/USD in 1 day and i think there is more fall to come. Same goes for GBP/USD. Next week is gonna be further bearish.

It appears of the market is in fact going to head to the 1.30 level given enough time. I also think that the real support is down at the 1.28 level, so without a doubt we are very bearish of this market.

Year-long consolidation in Gold prices should end soon. A strong trend period should follow once the symmetrical triangle is resolved in one direction. Volatility has decreased on weekly scale and this increased the likelihood of high volatility period in the following weeks/months. Boundaries of the consolidation stand at 1,270 and 1,360 levels. Breakout above 1,360-1,400 area will push gold price higher towards 1,525 levels. Breakdown below 1,250-1,270 support area will result in another downtrend towards 1,150 levels.

Split Views On Gold’s Price Direction For Next Week Survey participants in the weekly Kitco News Gold Survey are split over their views on gold, with no one group capturing the majority but a nominal number lean bullish. Out of 37 participants, 22 responded this week. Of those, nine see higher prices, six see lower prices and seven see prices trading sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.

The pair is acting strangely, twice this week no movement with news, as well as overwhelming bear pressure with just a nudge back up.

Today's supports and resistances according to pivots.. Supports 1306 1302 1296 Resistances 1284 1280 1274

I think that if it breaks through the resistance at 1.3200 it might reach 1.3250, but after that I too think it will probably start falling again and reach 1.3100.

Its obvious we have a Bear trend. Weekly TL is broken and massive void space at the bottom.

The weekly chart looks kinda bullish. This could be a time to go long maybe till the end of the week.

As it is UK bank holiday it is most likely that pound will travel small pips into one direction. Gap on opening very possible, where - no one knows. On Sunday there was a summit of some sort, so it most likely echo on possible price opening!

Personally i'd say AUD is much stronger and kinda more stable..

it is time to go long next week in the pair as i see it..

Weaker Prices Forecast For Gold Market – Survey Participants Weaker Prices Forecast For Gold Market ? Survey Participants | Kitco News

CME Group Lowers Margins For Gold, Silver, PGMs, Copper CME Group is lowering margins for Comex gold, silver and platinum group metals futures, and the new rates will be effective as of the close of business on Friday, according to a notice from CME Group late Thursday. They also lowered copper margins, but those will be effective as of the close of business Monday. The exchange operator said the changes were the result of “the normal review of market volatility to ensure adequate collateral coverage.” Margins act as collateral on futures trades. CME Group also changed margins for electricity, crude oil, natural gas futures and a number of other products. In the case of the main 100-ounce gold-futures contract, CME Group trimmed the “initial” margin for new speculative trades to $5,060 from $5,940. The “maintenance” margin for existing speculative trades, plus all hedge positions, was cut to $4,600 from $5,400. For the 5,000-ounce silver contract, CME Group lowered the initial speculative margin to $7,150 from $8,250. The margin requirement for maintenance speculative positions, plus all hedge trades, was lowered to $6,500 from $7,500.

I'm in long from 1.3222, will keep scaling in as far down as 1.31 - TP is somewhere in the 1.455 region.

Monday holidays in the UK will probably mean the present bearish undecided scenario remains in play.

103.50 could be coming this week as the stock indexes are on a non-stop high..

3308 and 3366 are good targets for longs, if the bottom stays untouched after FOMC.

Took long on eurgbp - pullback into bullish engulfing daily from last week

Fund Managers Boost Bullish Gold Positions In Latest CFTC Data Fund Managers Boost Bullish Gold Positions In Latest CFTC Data

Have a sell limit in for 1.34140 Hope it will be hit before London-open tomorrow.

I see the pound dropping to 1.66383ish level and testing the daily 200 ema early in the week.

Gold forecast for the week of August 18, 2014 The gold markets did very little during the course of the week, essentially going sideways. The candle looks as if it’s showing support at the $1300 level again, so it’s not a surprise to see that we ultimately went nowhere, especially considering that this is an area of such great interest. With that, we are not interested in this market from a longer-term perspective as far as trading is concerned. However, we do believe that ultimately the goal market will go higher, so perhaps purchasing some physical gold may be the way to go.