Fresh technical selling pressure that started in thin Asian trading is featured early Tuesday.
Fresh technical selling pressure that started in thin overnight Asian trading was featured Tuesday.
Worries the FOMC minutes would indeed be bearish added to the technical selling pressure Wednesday morning.
This, along with fresh technical selling pressure, has both gold and silver markets reeling at present.
Kryuchenkov highlighted long closures in ETF position, little support at lows, and continued technical selling.
FORBES: Heavy Profit Taking In Gold Has Investors Licking Their Wounds
Fresh technical selling was featured as April Comex gold dropped back below its key 200-day moving average.
FORBES: P.M. Kitco Metals Roundup: Gold Ends Solidly Lower on Technical Pressure
Heavy technical selling pressure has emerged as gold prices fell below key near-term technical support levels on Friday.
FORBES: A.M. Kitco Metals Roundup: Gold Sharply Lower, at 6-Mo. Low, on Heavy Technical Selling
Prices had been under moderate selling pressure earlier Thursday, on mostly technical selling and a firming U.S. dollar index.
The gold market is also seeing some more technical selling pressure Thursday as bulls have faded on a near-term basis.
FORBES: A.M. Kitco Metals Roundup: Gold Weaker Thursday Morning on More Technically Related Selling
Some technical selling is featured, while a firmer U.S. dollar index is also a bit bearish for the precious metals.
FORBES: A.M. Kitco Metals Roundup: Gold Weaker on Technical Selling, Firmer U.S. Dollar Index
However, the more likely impetus for lower gold and silver prices so far Thursday is technical selling and a firmer greenback.
FORBES: A.M. Kitco Metals Roundup: Gold Weaker on Technical Selling, Firmer U.S. Dollar Index
Technical selling and profit-taking by weak hands also figured into the mix.
Technical selling was featured as the bulls have faded recently and need to show fresh power soon to avoid fresh near-term chart damage being inflicted.
Gold has seen some intensified technical selling pressure early this week.
FORBES: A.M. Kitco Metals Roundup: Gold Trades Near Steady after Hitting 4-Week Low Overnight
However, fresh technical selling and end-of-year position-evening was also featured Thursday.
Follow-through technical selling pressure and more weak-long liquidation are featured.
The yellow metal has suffered from a combination of intense profit taking, technical selling, and an improved stock market, which has zapped capital ahead of a possible fiscal cliff deal.
FORBES: Heavy Profit Taking In Gold Has Investors Licking Their Wounds
At mid-morning the gold and silver markets dropped sharply and rapidly on some fresh technical selling pressure, talk that a large exchange traded gold fund liquidated a large position, and as the U.S. dollar index hit its daily high.
Gold had seen some intensified technical selling pressure early this week, but on Tuesday the key outside markets turned bullish for gold and silver (lower U.S. dollar index, firmer crude oil prices), which brought at least a temporary halt to the downside price pressure on the precious metals.
By Friday afternoon, however, equities ran out of steam, as technical-related selling appeared to cap an initially promising day.
Several observers listed technical chart oriented selling in gold.
FORBES: Gold On Defensive While Tracking Euro; Technical Weakness Also Cited
Technical-chart selling was triggered on the decline.
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The precious metals markets are also seeing a corrective technical bounce from the strong selling pressure seen earlier this week.
FORBES: Comex Solidly Higher on Bargain-Hunting, Corrective Bounce
Of course the prioritization in our technical work is in the leading selling games from the first generation, just like the PS2 didn't run all PS1 games, it is unlikely we'll ever be able to say the 360 will run all Xbox 1 games.
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Technical analysis reveals that there is major selling by the big, smart money.
That may be good for operating margins--Cisco salespeople are more used to meeting chief technical officers at Forbes 500 companies than selling tiny antennas to managers at Best Buy (nyse: BBY - news - people )--but deeper down there is a corporate connection.
Selling over the past couple of trading sessions has been violent and panicky, as steep declines in the price of bullion were accompanied by the breaking of key technical levels, sparking stop-loss selling, margin calls, and then risk managers and asset allocators offloading commodity holdings to build cash levels.
FORBES: Violent And Panicky Gold Selling Collapse Bullion And Commodity Markets
The markets seem likely to re-test recent lows, and if key technical levels are broken, an explosion in selling is possible.
But for us, technical analysis always overrides the fundamentals when it comes to selling.
After much negotiation and a few technical glitches, it has at last arranged to start selling the funds of a few other providers, possibly by the end of this year.
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