Gold’s rally to a record above $1,900 an ounce has pushed the metal to overbought levels according to technical analysis tools, as economist Dennis Gartman said prices will go “parabolic.”
Yuan forwards signal losses in the spot rate will stall after the contracts reached a key level on technical charts that Commerzbank AG uses to gauge trading patterns.
The euro may weaken 1.2 percent against the pound to as low as 86.12 pence should it break below a key area of support, according to Commerzbank AG, citing trading patterns.
Gold, which climbed to a record last month on concern that the global economic recovery may be faltering, may slide to the lowest price since May, according to a technical analysis from Commerzbank AG.
Silver may climb toward $25 an ounce after prices rebounded from the lowest level since September 2010, according to technical analysis by Commerzbank AG.
An ounce of gold may buy the most silver in more than two months, according to technical analysis by Commerzbank AG.
Gold is poised to extend the biggest annual drop in three decades to the lowest since September 2009, according to technical analysis by Commerzbank AG.
Gold may rise to about $1,350 an ounce in three weeks after prices resumed gains to a record, according to technical analysis by Commerzbank AG.
"In the next few days, there should be some sort of support there."
- Axel Rudolph on Oct 15, 2014