GDX241220C26000
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VanEck Gold Miners Equity ETF Newsroom
Israel has made a heavyweight announcement! The price of Gold has suddenly dropped by 16 dollars. How to Trade Gold?
During the Monday New York trading session, spot Gold experienced a dramatic drop, resulting in the price of Gold closing on Monday with most of the day's gains erased. FXStreet Analyst Christian Borjon Valencia pointed out that the Relative Strength Index (RSI) fell below the neutral line, indicating that sellers are in control of the situation.
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Gold has suddenly surged! The gold price has just surpassed 2660 USD as significant data from the USA arrives. How to trade Gold?
#Gold Technical Analysis# On Monday (December 16), during the early European market, spot gold suddenly surged quickly in the short term, with the gold price just breaking through the $2660 per ounce mark, rising nearly $14 during the day.
Gold prices have rebounded by more than 12 dollars from the intra-day low! Two charts to view the technical outlook for Gold. How can investors take profits?
On Monday in the Asian market, spot Gold continued to rebound, with the price currently rising to around $2,656 per ounce, rebounding more than $12 from the daily low of $2,643.38 per ounce touched earlier in the session. FXDailyReport Analyst Nicholas Kitonyi stated that from a technical perspective, according to the 60-minute chart, the Gold price is trading within a downward channel.
The price of Gold is forming a huge "cup and handle" bullish pattern! Analyst: Gold will reach 3000 dollars next year, with a short-term correction in the first quarter becoming a buying opportunity.
Analysts indicate that Gold has formed a significant cup and handle pattern on the monthly chart, forecasting that gold prices will rise to 3,000 USD next year, and the short-term adjustment in the first quarter may provide a strategic Buy opportunity.
After a 30% surge this year, who will buy gold next year? JPMorgan: Global central banks, Chinese mothers, and Western Gold ETFs all have room for growth.
Driven by macroeconomic uncertainty and expectations of interest rate cuts by the Federal Reserve, Global central banks, China Consumers, and Gold ETFs are set to become the main buyers of gold next year. JPMorgan predicts that the gold price may exceed $3,000 per ounce by 2025.
Morgan Stanley: The undervalued "Gold Triad" of China.
Morgan Stanley pointed out that against the backdrop of intensified geopolitical risks, China gold will benefit from market risk aversion sentiment and be favored by Chinese investors, while expectations of yuan volatility also provide support for gold prices to rise. Zijin Mining Group, SD GOLD, and ZHAOJIN MINING are undervalued in the market, and their production is expected to grow significantly in the next five years. It is anticipated that gold prices will reach $2,850 per ounce in the second quarter of 2025.
GOLD FUTURES LIKELY TO TRADE HIGHER NEXT WEEK
Gold's forecast for next week: The Federal Reserve's statement and dot plot may trigger market volatility! Latest technical outlook analysis for gold prices.
#Gold Technical Analysis# 24K99 News On Friday (December 13), due to the US dollar holding steady at its highest level in over two weeks, gold prices fell.
Gold Slides but Gains for the Week Ahead of Expected Fed Rate Cut
VanEck Gold Miners Equity ETF Options Spot-On: On December 13th, 129.4K Contracts Were Traded, With 2.97 Million Open Interest
On December 13th ET, $VanEck Gold Miners Equity ETF(GDX.US)$ had active options trading, with a total trading volume of 129.4K options for the day, of which put options accounted for 48.81% of the
Trump discusses the possibility of war between the US and Iran: anything is possible, the situation is very unstable.
① The elected President Trump of the USA stated in a recent interview that he does not rule out the possibility of war between the USA and Iran; ② According to previous media reports, Trump will continue to exert maximum pressure on Iran during his second term.
Commodity Roundup: Oil and Gold Set for Weekly Gains on Global Woes
After the sharp decline in Gold prices, buyers are not ready to give up! FXStreet Senior Analyst: Gold prices are expected to rebound by more than 15 dollars.
#Gold Technical Analysis# 24K99 News After the sharp decline in the previous trading day, on Friday (December 13) during the European market morning, spot gold maintained a mild rebound trend within the day, with the current gold price around 2684 USD/ounce.
Gold: Critical Support and Resistance Levels to Watch Ahead of Fed Next Week
Two major bearish factors press down on the USA! Gold prices at 2687 show weak recovery. FXEmpire's latest technical analysis on Gold, Silver, and the USD.
USA PPI data exceeded expectations, the number of initial unemployment claims rose sharply, Gold is struggling to rise at 2687 dollars, and the strong dollar is back in focus as the market closely watches the pricing of next week's FOMC interest rate decision.
After the sharp drop in Gold prices, important Resistance levels are maintained! Bulls are targeting this goal. Analysis of Gold Trade by well-known Institutions.
On Friday, during the late trading hours in Asia, spot Gold maintained an intraday rebound trend, with the current gold price around 2687 dollars per ounce. According to Economies.com, despite the decrease in gold prices yesterday, it held above the main Resistance. Additionally, there are other technical factors that are Bullish for Gold, with the bullish target aiming at 2745.00 dollars per ounce.
Gold Price Trades With Positive Bias; Remains Below $2,700 on Fed Rate Cut Expectations