Commodity Analysis & Comment

Gold (XAU/USD) is building a bullish bounce around $1760-$1800.

Moving crude by rail is costly, inefficient, and dangerous compared to oil pipelines. It's also incredibly lucrative.

Oil supplies from OPEC and its key producer allies are set to begin flooding back to the market this year, triggering a shift in global crude quality which could bring welcome relief to swathes of...

Gold prices edged slightly higher during APAC session on Monday as the US Dollar (DXY) index traded steadily near the 50-Day Moving Average line.

Overview: Gold, possible low in place or falling into place.

Gold continues to wallow near its recent low price level, near $1765. Silver has continued to trend moderately higher – but still has not broken out to the upside. 

If Gold were to sink during this current parabolic short trend to as low as 1672, yet then nonetheless recover all the way up to our year's forecast high of 2401, 'twould be an increase of 43.6%...

It looks like gold is ready for a bounce as gold is severely oversold but maybe it's not yet ready for an intermediate advance with major resistance at 1850.