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Technical Selling

All articles tagged with #technical selling

finance2 years ago

Gold and Silver Prices Face Pressure Amid Deteriorating Charts and Hawkish Fed Stance

Gold and silver prices are under pressure as technical selling and a stronger U.S. dollar index weigh on the precious metals. The deteriorating near-term chart patterns for both metals have turned more bearish. Additionally, China's consumer and producer inflation slipping into deflationary territory raises concerns about the need for more government stimulus in the world's second-largest economy. The overall market sentiment remains cautious due to the potential for the Middle East situation to escalate again.

via Kitco NEWS|
#china#finance#gold
finance2 years ago

Gold prices slide as technical selling and Fed uncertainty weigh

Gold prices are lower due to technical selling and a drop in crude oil prices, while silver prices are higher on bargain hunting. U.S. stock indexes are weaker as risk appetite returns to the market. The U.S. dollar index is steady, crude oil prices are lower, and the yield on the U.S. Treasury 10-year note is around 4.5%. Technically, gold and silver futures prices hit three-week lows, with bears having the overall near-term technical advantage. Copper prices also closed lower, with bears having the overall near-term technical advantage.

via Kitco NEWS|
#crude-oil#finance#gold
finance3 years ago

Gold prices continue to slide amidst economic uncertainty.

Gold and silver prices are slightly down due to technical selling and lack of fresh fundamental inputs. The US debt-ceiling extension talks are in focus this week, with President Biden and House leaker McCarthy scheduled to meet today. The US dollar index is weaker, while Nymex crude oil prices are near steady. Technically, gold futures bulls have the overall near-term technical advantage, while silver bears have the overall near-term technical advantage.

via Kitco NEWS|
#finance#gold#market-rating