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Analyst Alley: Bullish Commodities
GOLD Analysis
Major Commodities
GOLD Price Analysis:
(2024-10-30 00:36:09 EDT) - GC price is changed 1.22 % in the last 3 days and changed 0.93 % in yesterday. Gold (COMEX) closed the trading day at 2768.40, which is 16.66 % above its 200-MA. The asset price is in the overbought area with RSI at 72.2. GC's last close price was between Upper and Middle Bollinger Bands. The MACD is in the bullish area, and the value of the histogram is higher than that of the previous day.
GOLD NEWS SENTIMENT ANALYSIS:
Sentiment analysis algorithms collect the most up-to-date news headlines for GoldCOMEX from 20+ major financial news sources every morning before the market opens. Market sentiment for GC is within the positive territory, and the sentiment score is 0.62. The sentiment score is a value scaled between [-1, 1] where a value close to -1 indicates a strongly negative sentiment and a value close to 1 indicates a positive sentiment.
SILVER Analysis
Major Commodities
SILVER Price Analysis:
SI price is changed 1.96 % in last 3 days and changed 1.30 % yesterday. Silver closed the trading day at 34.27, which is 21.03 % above its 200-MA. The asset price is neutral but close to overbought area with RSI value of 65.6. SI last close price was between Upper and Middle Bollinger Bands. MACD in the bullish zone and the value of the histogram higher than the previous day.
SILVER NEWS SENTIMENT ANALYSIS:
​Sentiment Analysis Algorithms collect the latest news headlines for Silver from 20+ major financial news sources every day before the markets open. The market sentiment for SI is in the positive territory and the sentiment score is 0.14. Sentiment score is a value scaled between [-1, 1] where a value close to -1 indicates a strongly negative sentiment and a value close to 1 indicates a positive sentiment.
Risk Disclaimer:The technical analysis provided on this website is for informational purposes only and does not constitute financial advice. Trading and investing involve significant risk and may result in the loss of your capital. Past performance based on technical analysis does not guarantee future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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