EQUITY WORLD Estimated the price of gold for next trade potentially weak with the rise of the Wall Street stock exchange. Will also be observing the movement of the U.S. dollar.

Gold prices are expected to move in the range of $1.138 Support-$ 1.136, but if the price rises will move in a range of $1.142 Resistance-$ 1.144.

Gold prices rose higher with the decline in the strength of the U.S. dollar on Monday, despite expectations of a tight monetary policy continued to provide positive sentiment for the Ascension.

This average currently stands at minus 4.0%, versus a reading of minus 18.0% a month ago when gold stood at just shy of $ 1,200 per ounce. In other words, in the wake of a $ 60 drop in the price of gold, gold timers has increased the average exposure levels 14 percentage points.

That means we are no further than we were a month ago to a level of sentiment that would lead contrarians issued a buy signal. As you can see from the diagram above, the required level is lower than minus 30%.

The price of spot gold rose 0.5 per cent to $1, 224.30 per ounce. Gold touched $1, 122.35 on Thursday, the weakest since February 2.

Pressure Thursday came from a stronger dollar after the approximate level of Netanyahu from the Federal Reserve. U.S. gold futures price rose 1 percent to $0.4, 142.20 per ounce.

EQUITY WORLD: Gold Is Nowhere Near Ready To Shine

EQUITY WORLD Gold Is Nowhere Near Ready To Shine

The Fed raised interest rates for the first time in a year last week and again projecting three increases in the year 2017, up from two projected in September, Equity World.

The US dollar index dropped 0.1 per cent against a basket of six major currencies, European bourses mixed and u.s. stocks higher as investors await a speech by Federal Reserve Chairman Janet Yellen. Richmond Fed President Jeffrey Lacker said Friday that the Fed is facing the challenge of gradually towards the cooling of the U.S. economy.

Yields on U.S. 10-year Treasury rose to the highest since September 2014 on Thursday, before ending at approximately 2.6 percent. Ownership of the SPDR Gold Trust, the world’s largest gold-backed exchange-a fund, down 0.63 percent to 836.99 tonnes on Friday. Ownership is down more than 11 percent since November.

Managers of hedge funds and financial cut their net long position in COMEX gold contract for the fifth week in a row, bringing it to a 10-month low in the week to December 13, the US data, Commodity Futures Trading Commission indicated on Friday.

Silver rose 0.4 per cent to $16.03 per ounce. Platinum fell 1 cent at $918.60.

White metal soared 3.7 per cent on Friday. Palladium down 1.8 per cent at $680.22 an ounce, after falling to the lowest level in a month in the previous session.