lien : mks.ch

En anglais seulement, pour le moment mais facile à comprendre.

ANALYSE DU LUNDI 09 NOVEMBRE

"In a slow beginning to the week, gold edged higher as the EUR gained against the USD to reach a new record
high, to then trade sideways most of the afternoon.
Gold opened higher in Asia, with some good volume going through at around 1098.50 We peaked at around
1098.80 bid before coming lower into the Tocom open on the back of profit taking. We initially sat towards the
day’s lows but a rapidly weakening U.S. dollar vs the EUR and AUD paved the way for gold to move higher.
The market briefly touched 1100.50 but was sold above 1100 and gave up a dollar. The afternoon remained
fairly quiet with scaled offers on Ecomex holding the market in a range of1099.50-1100.50. Eventually the
EUR moved higher and the gold went through the previous record high at 1101.50 and quickly moved towards
1105.00. Silver also strengthened considerably, running to 17.72 bid, while the PGM's were only moderately
higher. Strong offers at 1105 both on EBS and Ecomex capped the market during Asian hours, but it the feeling
was as though we could try higher.
As the USD kept losing ground against the major currencies, with the EUR gradually rising against the
greenback to reach 1.5000 in the early afternoon, gold steadily made its was higher in thin trading to touch not
long after the New York open a new high of 1110.50 bid, before a stabilizing USD and limited interest in the
market confined the yellow metal to range trading of 1104 and 1108 for the remainder of the day, in the absence
of economic news. In the evening, right before the close gold dropped to 1100.75 offer, the day’s low, on
investors taking profits as world equities had a good day at the office. The gold bounced back to finish at
1101.50 bid, ending a quiet day."

Source : mks.ch

ANALYSE DU MERCREDI 11 NOVEMBRE

"Gold moved higher once more, to remain range bound for the most part of a quiet day as New York was closed.
Gold crept higher in early Asian trade, reaching 1105.50 bid leading into the Ecomex reset. The USD weakness
was the key contributor as the EUR, GBP and AUD all gradually moved higher. After Comex reopened we
touched 1108.20 bid before sitting around 1107 in what proved to be very volatile trading. Tocom opened and
the market remained very thin and choppy in a narrow range of 1106.75-1107.75. This continued into the
morning but settled over time, though this was not the case for the currencies which were extremely volatile
throughout the morning and into the afternoon. After an extremely slow morning, the gold slowly began to
climb, touching just above NYK hi's then slowly declining back towards 1108.
As Europe kicked in, gold moved higher in unison with the EUR against the USD, quickly reaching a trading
range of 1114 – 1116, where it sat for most of the day until mid afternoon. The EUR would trade most of the
day above 1.5000, even coming close to 1.5050 against the USD. Trading was sluggish however, and there was
limited new economic data released.
Around the time of the PM Fix the yellow metal had a sharp rise to reach 1118.00 bid, setting yet another record
high. A firming USD and some large selling pushed the gold lower to trade around 1113 for a while, before
recovering in the evening to finish at 1114.00 bid."

Source : mks.ch