comex gold intraday

Gold futures finished weaker Monday, in response to a slide in crude oil and other commodities, as well as end-of-quarter long liquidation.

The euro was not able to extend early gains and weakness in crude oil during the latter stages of the session helped pull down gold and silver

International spot gold traded in the range $940.8 - $914.90, and last quoted at $915.30 ($930).

June gold fell $15 to finish at $921.50 a troy ounce on the Comex division of the New York Mercantile Exchange.

Light, sweet crude for May delivery fell $4.04, or 3.8%, to settle at $101.58 a barrel. Brent crude on the ICE futures exchange settled $3.47 lower at $100.30 a barrel.

The focus is largely on upcoming U.S. data and events, including a closely watched index from the Institute for Supply Management Tuesday, as well as eagerly awaited data on U.S. employment for March, due out on Friday.

In economic data Monday, business activity in the Chicago region continued to contract in March, but the contraction was less severe than in February, according to a survey of corporate purchasing managers released Monday.

The Chicago Purchasing Managers' index was at 48.2% in March compared with 44.5% in February. Readings under 50% indicate overall business contraction.

Medium term outlook (Spot Gold)
Bullish above $916; Resistances are $926, $932, $947, $954, $973, $984, $995, $1002, $1022, $1035, $1052; supports $896, $883. Further up-trend is expected above $954.60.

Last day DGCX Gold June traded in the range $945.2 – $917.70 and closed at $921.70 ($936.70).

DGCX Gold June





TECHNICAL OUTLOOK (Intra-day)

GOLD (June) - Bullish above $ 926; bearish below $ 921

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