Tag Archive: selling pressure

Gold Slightly Lower

The gold market is getting hit hard in action on Thursday following significant weakness in the overnight session. The primary drivers behind the selling include weak data out of China, a higher dollar index and some corrective trade after recent gains. An apparent stall in U.S./China trade talks is not doing the market any favors, either. Chinese Data The Chinese economy continues to show signs of slowing as industrial output came out lower than expected. According to MarketWatch, the latest reading on industrial output rose... Continue Reading

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Let the Coiling Continue

The last several months have unquestionably been challenging for the gold market. Higher stocks, a stronger dollar and overall robust appetite for risk have all played a role in the metal’s lack of upside. Although it is unclear of the market has yet found a long-term bottom, recent price action would seem to suggest that a bottom is at hand, or very close. The market has been consolidating in recent days as it tries to hold the psychologically important $1200 level. The selling pressure appears... Continue Reading

Take Advantage Now

The gold market continues to remain on the defensive, as prices have not been able to distance themselves from 12-month lows. Weaker crude oil, a stronger dollar, rising yields and higher stocks have all taken a decidedly bearish toll in recent weeks. Selling pressure has seen the metal drop to 12-month lows, while also potentially threatening to take it down even further. Sentiment in the sector is bearish, and could arguably be seeing an extreme level that may not be sustainable. In other words, right... Continue Reading

Don’t Be Fooled

The gold market has come under some selling pressure in recent weeks and can be viewed in one of two ways: First, that the recent rally is failing and that further downside could potentially be seen or, secondly, that the current dip from recent highs is nothing more than back and fill trade and an excellent opportunity to buy gold at a relative discount. Sure, the dollar index has been rebounding a bit and that may be weighing on gold. And yes, stocks remain at... Continue Reading

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