| Commentary

Become a contributor

Bookmark Econotimes

| Commentary

U.S. existing home sales rise above expectations in October

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

U.S. existing home sales decline in August

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

U.S. weekly jobless claims unexpectedly decrease

Reserve Bank of India likely to stand pat in December

U.S. Consumer Confidence falls in September

U.S. House prices increase slightly in July

U.S. Q3 economic growth unrevised in second estimate

Best Gold Stocks to Buy Now: AABB, GOLD, GDX

Philippine central bank keeps interest rate unchanged at 2 pct

U.S. vehicle sales fall again in November

Canada's economy shows growth in July, but growth stalled in

U.S. durable goods orders sustain robust growth

Swedish economic sentiment indicator rises in November

©Econometrics LLC . All Rights Reserved.

Outlook for Gold: BofA Merrill Lynch

Thursday, March 19, 2015 5:25 PM UTC

BofA Merrill Lynch notes ....

Evidence for a bullish turn in gold continues to build. Yesterday's Bullish Engulfing Candle and impulsive break of 1175 (Mar-09 high) points to a near term base and turn higher.
Now, watch 1195/1215 (7wk channel resistance and old 4m trendline support, now resistance). Through here confirms a bullish turn, targeting the jan-22 high at 1307 and beyond. We remain bullish for 1307/1345.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification

Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends

Honduras Election Turmoil Deepens as Nasralla Alleges Fraud in Tight Presidential Race

European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure

Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand

China’s Expanding Maritime Military Presence Alarms Taiwan and Japan

Australia and Japan Strengthen Defence Cooperation Amid Rising Regional Tensions

Honduras Election Turmoil Intensifies as Nasralla Blames Trump for Shift in Results

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Outlook for Gold: BofA Merrill Lynch

Editor's Picks

Welcome to EconoTimes