Frank Lesh, futures broker at FuturePath Trading, said market activity could be volatile next week.
FORBES: METALS OUTLOOK: Consolidation Possible For Gold Next Week
Frank Lesh, analyst FuturePath Trading, said gold is not acting like a safe haven.
FORBES: Survey Participants Expect Gold Prices To Rise Next Week, But Stay In Range
Frank Lesh, broker and futures analyst with FuturePath Trading, said central bank action is important.
FORBES: METALS OUTLOOK: Gold Could See Potential Bounce Next Week, But Market Watchers Cautious
Frank Lesh, futures broker at FuturePath Trading, said gold overall looks like it could rise next week.
Frank Lesh, broker and futures analyst with FuturePath Trading, said the technical charts look weak for gold.
FORBES: P.M. Kitco Metals Roundup: Weaker Technical Chart Picture Pressures Gold, Silver
Frank Lesh, broker and futures anlayst with FuturePath Trading, said the move is supportive for the gold market.
This prompted some concerns about future Chinese demand, particularly since the country has been a good source of buying, said Frank Lesh, futures analyst with FuturePath Trading.
FORBES: Gold On Defensive While Tracking Euro; Technical Weakness Also Cited
Some of the weakness is also from traders opting to book profits, besides selling to meet margin calls elsewhere, said Frank Lesh, analyst and broker with FuturePath Trading.
Gold bulls were encouraged when the minutes showed FOMC policy-setters had a discussion on whether to undertake QE3, said Frank Lesh, broker and futures analyst with FuturePath Trading.
FORBES: FOCUS: Gold Rises After FOMC Minutes Show Discussion About More Monetary Easing
Frank Lesh, futures analyst and broker at FuturePath Trading said after selloffs or moves of this magnitude, he looks for most commodities, including gold, to develop a trading range.
FORBES: METALS OUTLOOK: Gold Could Stabilize Next Week, But Analysts Cautious
This was due to selling related to disappointment from those longs who had been looking for some kind of announcement on quantitative easing, said Frank Lesh, broker and futures analyst with FuturePath Trading.
Frank Lesh, futures broker at FuturePath Trading, said even with gold prices rebounding this week, at least 10% to15% of gold ETFs are underwater, and those holders are likely to be sellers on any bounces.
FORBES: METALS OUTLOOK: Tug-Of-War Action Possible For Gold Next Week
Frank Lesh, broker and futures analyst with FuturePath Trading, said he sees prices trading steady to lower next week as markets in general are consolidating and gold is starting to look technically bearish in the short-term.
FORBES: Market Participants Divided On Gold's Price Direction For Next Week
应用推荐