Commentary
Add as a preferred source on GoogleQuotes from BofA Merrill Lynch:- The weakness in gold has been much greater than anticipated. However, our view remains unchanged. We are in a medium to longer term uptrend, targeting 1345 (Jul'14 high) and potentially a…
Quotes from BofA Merrill Lynch:
- The weakness in gold has been much greater than anticipated. However, our view remains unchanged. We are in a medium to longer term uptrend, targeting 1345 (Jul'14 high) and potentially as far as 1433 (Aug'13 high) before the long term bear trend emerges.
- Now, we look for a base into 1196/1169 support (3m trendline and 78.6%of the Nov/Jan advance) before the choppy gains continue.
- Bears need a sustained break of 1132 (Nov-07 low) to regain control.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
