Technical outlook: Gold has retraced lower towards fibonacci 0.618 support levels of the entire rally between $1,213 and $1,296 levels respectively. Furthermore, it is also a point of convergence of fibonacci 0.382 extensions of wave A, as depicted in Red around $1244.00 levels. Besides, please note that Wave A became equal to Wave C at […]
Gold price has reached our $1,245 target yesterday. It is time for Gold bears to be cautious and use protective stops as any day now we could see a reversal in Gold back towards $1,260-70. Trend is bearish. Price is below both the tenkan- and kijun-sen indicators. Price is around the 61.8% Fibonacci retracement so […]
Gold price is breaking short-term support and is heading towards our target of $1,245. Gold weakness is expected for the start of the week but overall I can see a bigger longer-term upward reversal coming soon. Gold price is making lower lows and lower highs. Price is approaching the 61.8% Fibonacci retracement of the latest […]
Gold price has reached the $1,250 area as we expected from $1,280 and higher. Trend is bearish. I believe that Gold weakness will continue and we might see even below $1,245 where important support is found. However Gold bears should be cautious as the time for a bullish reversal is approaching. Gold price is trading […]
Overview The gold price bounced lower after retesting the previously broken bullish channel support, keeping the bearish trend scenario valid until now. The price is likely to test the critical support levels between 1,254.56 and 1,249.94 before attempting to rise again. It is important to note that a break of the mentioned levels will make […]
Overview The silver price has been trading lower since morning, heading gradually towards our awaited target at 16.56 on the back of negative pressure formed by the EMA50. This keeps the bearish trend scenario valid for today. Besides, stochastic reaches the oversold areas now, supporting chances of a bullish bounce to resume the bullish trend […]
Feed the world with more usage of fertilizer. Food and water are the most important ingredients for human mankind aside clean air to exist. Aguia Resources will be the next fertilizer producer in Brazil. The FAO predicts that the world’s population will increase from 7 to 9 billion by 2050 and the global grain output […]
Gold price reached the Ichimoku cloud resistance as expected at $1,280 and got rejected. This rejection implies that the entire corrective move is not over and we should expect to see Gold price fall below the $1,259 area and near $1,245-50. Gold price is below the Kumo in the 4hour chart. The rejection is a […]
Gold price is bouncing as expected after breaking out of the bearish short-term channel. The trend remains bearish but we could already have completed the entire correction and the next leg up towards $1,400 starting now. It is important to hold the recent low at $1,259. Gold price is trading below the Ichimoku cloud on […]
Overview The gold price crawls calmly to the downside approaching the awaited support at 1,254.56 and keeping the bearish bias active for today, which is also supported by the EMA50 that pushes the price negatively. We are waiting for a bullish rebound after testing 1,254.56 and 1,249.94 levels to resume the main bullish trend. On […]
Overview The silver price continues trading downwards below the 17.00 barrier, reinforcing the expectations for achieving more downward targets that test 16.56 levels mainly. It points to the steadiness of this level against the negative pressure that will help the price resume the main bullish trend. Therefore, the bearish bias will remain preferred for today […]
Spot gold hit a high of $1295.96 on June 6th, last seen on November 9th. However, it has seen a substantial 2.2% retracement since June 7th, due to profit-taking and the release of the UK general election outcome which has eased markets’ risk-off sentiment. The price has been consolidating since Friday evening, holding above the […]
Gold price got rejected off resistance yesterday and is now making new lows. I still expect Gold price to move towards $1,250-45 over the coming days before any upward reversal. I remain long-term bullish looking for $1,400-$1,500. Blue lines – bearish channel Gold price remains inside the bearish channel and has broken below the 4-hour […]
Gold price continued its decline on Friday as we expected towards $1,250. Price stalled at its short-term cloud support at $1,265. There is a chance of a bounce towards $1,280 before the next leg down, or a straight move lower towards $1,250 to complete the correction. Blue lines – bearish channel Price is trading right […]
For the last few days, I’ve been bearish Gold expecting a pull back towards $1,250 at least and I have been warning bulls to raise their stops. Gold finally has provided the reversal signals and is already more than 20$ lower than its recent highs. The gold price has broken below the kijun-sen and has […]
Overview Gold price settles near 1285.00 after the price decline with the end of yesterday, while stochastic approaches from the oversold levels, to provide a positive motive that we expect to lead the price to resume the main bullish trend, organizes within the bullish channel that appears in the image. Therefore, we will keep preferring […]
Overview Silver price shows slight bearish bias to approach from retesting the critical support at 17.43, as long as the price above this level, the bullish trend scenario will remain valid on the intraday and short term basis, pointing that the next main target at 18.30. On the other hand, breaking 17.43 level will push […]
Gold price is showing reversal signs. It is still too early to tell if the pullback towards $1,250 we expect has started or something of a smaller degree. Important level to watch is at $1,277. Gold price has broken below the 4-hour tenkan-sen (red line indicator). This is the first bearish warning. Short-term support by […]
EUR/USD slipped 0.10% to 1.1234, off a one-week high of 1.1257 hit overnight. GBP/USD fell 0.32% to trade at 1.2850 after the latest YouGov poll released on Wednesday showed that Theresa May’s Conservative Party is only 3 %age points in front of the opposition Labor Party ahead of the June 8 election. It was up […]
Gold remains in a bullish trend. There is still no sign of reversal but bulls should continue raising their protective stops as a pullback towards $1,250 is justified. Gold has reached our short-term targets. Short-term support by the tenkan-sen (red line indicator) is at $1,287 and next is at $1,278 (kijun-sen). Kumo support is at […]
Safe havens have strengthened across the board as the recent risk events have lifted markets’ risk off sentiment. Notably the London terror attack, gulf states cut diplomatic ties with Qatar, and the upcoming UK general election. Spot gold has seen a significant 6% gain since May 11th. On Tuesday, June 6th, spot gold rallied 1.1%, […]
Gold price is reaching our targets we mentioned since early May. There are several indicators showing that this rally will be short-lived and bulls need to raise their stops and protect their positions. A pullback at least towards $1,250 is expected. Gold price remains in a bullish trend as price continues to trade above both […]
Good Mining news from GoldMining, Treasury Metals and Osisko Gold Royalties. All 3 companies show tremendous development in their business and should be on the watch list of investors, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#211371 Смотрите […]
Serving as a pre-empt for today’s key Non-Farm Payrolls (NFP) data, May’s ADP employment change report had strongly boosted the market’s confidence with a strong number and lifted risk sentiment. With an increase of 253k, the number had significantly exceeded the market’s 180k consensus and jostled US markets higher on Thursday. All eleven sectors on the S&P 500 […]
Gold price is pulling back as expected. Price is now testing important short-term support. If this support fails to hold, we should expect Gold price to move towards $1,245. My target for a pullback has been for some time this level and I continue to believe that Gold is not yet ready for a break […]
Sierra Metals, Klondex Mines and Caledonia Mining reported solid numbers from the first quarter 2017. All companies reported despite some weather or mining issues robust numbers and are full on track with their business. Caledonia maintains their high dividend with a nice yield of 4% and Sierra Metals wants to start to pay 2018 again […]
EUR/USD slipped 0.10% to 1.1234, off a one-week high of 1.1257 hit overnight. GBP/USD fell 0.32% to trade at 1.2850 after the latest YouGov poll released on Wednesday showed that Theresa May’s Conservative Party is only 3 %age points in front of the opposition Labor Party ahead of the June 8 election. It was up […]
Gold price has reached the upper trading range boundary resistance and is pulling back down. Short-term traders could try and profit from short positions with tight stops at $1,275 as a pullback towards the lower boundary level is justified. Blue lines – trading range Gold price got rejected at the upper blue trading range boundary. […]
Zinc inventories are depleted but demand grows still further. Mine closures and not enough new projects lead to a supply crunch until 2020 at least. Higher prices are for sure and zinc producers like Ascendant and Pasinex Resources will benefit of this market situation, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can […]
Gold price is trading between $1,270-60. Overall Gold bullish strength has weakened. Although we may see a new higher high towards $1,280-90, I do not believe Gold is ready to break above $1,300. I believe it is more probable to see a pullback towards $1,200-$1,230 first. Blue lines – trading range Gold price is holding […]
