Metals: Mini Gold
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ones^
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Il future sull'oro con scadenza febbraio 05 ha chiuso le contrattazioni del 30/11/2004 in flessione a 453,4$ malgrado il nuovo record messo a segno dall'euro nei confronti del dollaro a 1,3334$. Questo è un fattore da tenere in considerazione, in quanto è la prima volta che l'oro non mette a segno nuovi high in stretta correlazione con un ulteriore indebolimento del dollaro! Ricordiamo che i primi segnali di debolezza avranno un senso se almeno per 3 sedute avremo massimi e minimi decrescenti per poter cominciare a valutare un'apertura di posizioni short con più tranquillità. Per la seduta odierna abbiamo un primo supporto a 450,1$ e un secondo a 446,9$ mentre le resistenze a 456,5$ e 459,7$.Come vediamo dal grafico la situazione resta con gli oscilatori in ipercomprato, quindi il mercato necessita di presa di fiato, possibile anche senza rottura dei supporti indicati.
ones^
Forumer attivo
SAN FRANCISCO (CBS.MW) -- Gold futures climbed Wednesday to close near $456 an ounce -- the highest settlement price since June 1988 -- with traders betting that the U.S. dollar's weakness will continue to drive demand for metals.
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Gold is sensitive to the dollar's devaluation," said John Person, president of National Futures Advisory Services. And "it doesn't appear that there is much available to defend or cure the dollar's trouble immediately."
The dollar extended its descent versus major currencies worldwide Wednesday on concern about burgeoning U.S. deficits, with growing optimism on the British economy also having an impact. See Currencies.
Traders will continue to sell the dollar until talk of currency intervention is backed up with action, said Dale Doelling, chief market commentator.
Against this backdrop, gold for February delivery closed at $455.90 an ounce on the New York Mercantile Exchange, up $2.70 for the session. Prices haven't closed at a level this high since June 1988, when they settled at $460, according to weekly charts.
Gold has found support at the $450.90 level after hitting a high of $457 on Monday, said Person. Prices fell Tuesday, but they "needed to take a breather before a next leg run up," which could be as high as $475 and eventually $500, he said.
Calpers departure a loss for shareholder activism
U.S. stocks end higher on slide in oil, positive data
Oil ends below $46, a 7% drop, as U.S. supplies rise
Fed's Beige Book reports continued U.S. growth
GeoPharma halted amid confusion about product's status
Gold is sensitive to the dollar's devaluation," said John Person, president of National Futures Advisory Services. And "it doesn't appear that there is much available to defend or cure the dollar's trouble immediately."
The dollar extended its descent versus major currencies worldwide Wednesday on concern about burgeoning U.S. deficits, with growing optimism on the British economy also having an impact. See Currencies.
Traders will continue to sell the dollar until talk of currency intervention is backed up with action, said Dale Doelling, chief market commentator.
Against this backdrop, gold for February delivery closed at $455.90 an ounce on the New York Mercantile Exchange, up $2.70 for the session. Prices haven't closed at a level this high since June 1988, when they settled at $460, according to weekly charts.
Gold has found support at the $450.90 level after hitting a high of $457 on Monday, said Person. Prices fell Tuesday, but they "needed to take a breather before a next leg run up," which could be as high as $475 and eventually $500, he said.
ones^
Forumer attivo
Nella seduta del 2 dicembre 2004 il future sull'oro con scadenza febbraio 05 ha chiuso in flessione a 452,5$ perdendo 3,3 punti rispetto al prezzo di apertura. Il mercato necessita di una presa di fiato dopo una lunga corsa e gli oscillatori, come si può vedere dal grafico, stanno rientrando dalla zona di ipercomprato mostrando qualche segnale di inversione brevissima, in quanto il trend resta ancora Up, il traguardo dei 460$ ancora deve essere raggiunto e la resistenza a 463,5 deve essere testata! Per oggi la prima resistenza resta a 458,0$ mentre i supporti sono a 447,8$ ed a 443,1$.
ones^
Forumer attivo
NEWS
3rd December 2004
It was another busy volatile day yesterday with direction still influenced by the currencies. Gold was initially in a firm mood, adding to Wednesday’s firm close of $455.50 to post a fresh high of $456.50 on the European open as both the Euro and Yen extended their gains against the dollar with the Euro touching an all-time high of 1.3383 and the Yen hitting its highest level since 2000 at 101.86. Profit taking hit the metals across the rest of the European session as the dollar staged a modest recovery, pushing gold to open in the US at $453.50 however a stronger Euro as the ECB left interest rates unchanged at 2% encouraged buying back to the $455.50 area over the opening hours trade. Downward pressure in oil and a strong correction by the dollar emerged across the rest of the session triggering selling from a number of sources, including fund. Gold was soon trading back to $450 where stops were eventually triggered, accelerating the pressure and forcing gold below Tuesday’s low of $448 to touch $446.75. Book squaring across the rest of the day saw gold trade out around the $450 level, closing at $450.25 and trading $449-50 so far this morning.
Today the main focus will be on the non-farm payroll figures due at 1.30pm GMT but beyond that FX analysts are beginning to change there short-term view on the dollar, indicating further gains with ECB President Jean-Claude Trichet's post meeting comments about the relative strength of the Eurozone contrasting with recent disappointing data and increasing trader scepticism.
For the moment gold continues to look top heavy with a 9,565-lot increase in COMEX open interest for Wednesday to 355,211-lots suggesting gold now needs to correct lower in order to make further mid to long-term advances. The metal should continue to find good scaled down buying, primarily from physical sources but also from investors keen to enter the market. Support should be seen at $445 but a think we could see gold dip as low as $438-40 as we start to see early year-end book squaring while resistance is expected all the way up to yesterdays’ high of $456.50.
3rd December 2004
It was another busy volatile day yesterday with direction still influenced by the currencies. Gold was initially in a firm mood, adding to Wednesday’s firm close of $455.50 to post a fresh high of $456.50 on the European open as both the Euro and Yen extended their gains against the dollar with the Euro touching an all-time high of 1.3383 and the Yen hitting its highest level since 2000 at 101.86. Profit taking hit the metals across the rest of the European session as the dollar staged a modest recovery, pushing gold to open in the US at $453.50 however a stronger Euro as the ECB left interest rates unchanged at 2% encouraged buying back to the $455.50 area over the opening hours trade. Downward pressure in oil and a strong correction by the dollar emerged across the rest of the session triggering selling from a number of sources, including fund. Gold was soon trading back to $450 where stops were eventually triggered, accelerating the pressure and forcing gold below Tuesday’s low of $448 to touch $446.75. Book squaring across the rest of the day saw gold trade out around the $450 level, closing at $450.25 and trading $449-50 so far this morning.
Today the main focus will be on the non-farm payroll figures due at 1.30pm GMT but beyond that FX analysts are beginning to change there short-term view on the dollar, indicating further gains with ECB President Jean-Claude Trichet's post meeting comments about the relative strength of the Eurozone contrasting with recent disappointing data and increasing trader scepticism.
For the moment gold continues to look top heavy with a 9,565-lot increase in COMEX open interest for Wednesday to 355,211-lots suggesting gold now needs to correct lower in order to make further mid to long-term advances. The metal should continue to find good scaled down buying, primarily from physical sources but also from investors keen to enter the market. Support should be seen at $445 but a think we could see gold dip as low as $438-40 as we start to see early year-end book squaring while resistance is expected all the way up to yesterdays’ high of $456.50.
generali1984
Forumer storico
Up , sempre molto interessante .
Ones , mi sembra di capire , che sei negativo sul breve periodo
e positivo sul lungo , sbaglio ?
Questo è quello che si leggerebbe anche dai Cot stando alla spiegazione
che hai gentilmente fornito qualche pagina addietro .
Ones , mi sembra di capire , che sei negativo sul breve periodo
e positivo sul lungo , sbaglio ?
Questo è quello che si leggerebbe anche dai Cot stando alla spiegazione
che hai gentilmente fornito qualche pagina addietro .
ones^
Forumer attivo
Nella seduta di ieri 3 dicembre 2004 il future sull'oro con scadenza febbraio 05 ha chiuso sui max di questa settimana a 457,7$senza però raggiungere l'high di periodo che si attesta sui 458,8$, avanzando cmq di ben 5.2 punti rispetto al prezzo di apertura in stretta correlazione con un ulteriore indebolimento del dollaro nei confronti dell'euro. Il trend è molto forte e il primo traguardo è confermato in area 463$ dove troverà la seconda resistenza valida a 464$, la prima è invece a 460,9$. In questa settimana il mercato ha cercato di rientrare da un'area di ipercomprato scaricando gli oscillatori ma senza mai testare seriamente i supporti in area 446$ (primo supporto valido per segnale di indebolimento serio).
Per la prox settimana ci aspettiamo un allungo verso un nuovo high a 463$, quindi sono sconsigliate operazioni contro trend prima di questo traguardo.
Per la prox settimana ci aspettiamo un allungo verso un nuovo high a 463$, quindi sono sconsigliate operazioni contro trend prima di questo traguardo.
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