Overview Gold price has fallen under more negative pressure to fluctuate below 1,230.00 barrier now. This supports ta further decline on the intraday basis. We are still waiting for the 1,211.31 level to be tested as the next main target. Please note that the EMA50 keeps supporting the expected bearish wave. Therefore, we are waiting […]
Overview Silver price is showing more decline to move away gradually from 16.56 level. This reinforces the expectations of a further decline in the short term. The way is open towards 15.49 that represents our next main downward target. Therefore, the bearish trend will remain valid on the intraday and short-term basis, supported by the […]
Gold price has broken to new lows yesterday but is very close to making an important bottom reversal if it has not already bottomed. Gold price should bounce at least towards $1,260-70. There are many signs of bullish divergence and similar to when Gold was at $1,194. Gold continues to trade below the Ichimoku cloud […]
The crucial US labour market data for April will be released this Friday May 5, at 13:30 BST. It includes non-farm payrolls, unemployment rate and average hourly earnings. Please note that the release of US labour market data will likely cause volatility for USD, USD crosses and commodities. Spot gold has retraced around 3.6% since […]
Gold price broke below short-term support and is now testing a weekly cloud and technical support at $1,235. This is a great opportunity and a gift for Gold bulls as I believe the low we are about to make will be of equal importance to $1,180 and $1,194. Blue lines – bearish channel Green rectangle […]
The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two-day policy meeting today, but investors will look to see whether the central bank downplays the recent soft patch in the economy to leave the door open for a rate increase in June. The Federal Reserve is widely expected […]
Gold price is close to bottoming. Gold price has limited downside potential and could go as low as $1,245. I cannot see it lower than that area. Gold is expected to bounce strongly towards $1,300 and higher after the coming reversal. Blue lines – bearish channel Green rectangle – support area Gold price is inside […]
Gold price remains in a bearish short-term trend, correcting the entire rise from $1,194. The price has reached the important Fibonacci support levels although the possibility of a move by $10-15 lower is still possible. Overall, my longer-term bullish view remains intact. Green rectangle – support area Blue lines – bearish channel Gold price has […]
Recently, the gold has been trading sideways at the price of $1,262.00. According to the 4H time frame, I found that the price rejected the key supply trendline. My advice is to watch for selling opportunities. I also found a bearish divergence on the moving average oscilator, which is another sign of weakness. Downward target […]
Spot gold has seen a 1.56% retracement over past two weeks after hitting its highest level of 1295.37 last seen on November 9th 2016. That said, this retracement has held above the support line at 1260 over the past two days. On the 4-hourly chart, the price broke the downtrend line resistance on April 26, […]
Gold price is vulnerable to move towards $1,250. The short-term trend remains bearish. However, I favor long positions in the area of $1,245-60 targeting a move above $1,300. Gold remains in a longer-term bullish trend towards $1,500-$1,600. Blue lines – bearish channel Gold price remains inside the bearish channel and below the cloud resistance. The […]
Overview Gold price has settled at 1,263.17 and the price has fallen under continuous negative pressure formed by the EMA50. This makes it more difficult to resume the recently suggested bullish trend. The metal awaits to gain enough momentum to push the price up again. In general, we still suggest the bullish trend unless breaking […]
Overview Gold price has settled at 1,263.17 and the price has fallen under continuous negative pressure formed by the EMA50. This makes it more difficult to resume the recently suggested bullish trend. The metal awaits to gain enough momentum to push the price up again. In general, we still suggest the bullish trend unless breaking […]
Overview Silver price broke 17.43 level and settled with a daily close below it. This stops the recently suggested bullish scenario and puts the price under the negative pressure on the short-term basis, paving the way towards 16.56 as the next key target. Therefore, the bearish trend will remain valid in the short term. This […]
Overview Silver price broke 17.43 level and settled with a daily close below it. This stops the recently suggested bullish scenario and puts the price under the negative pressure on the short-term basis, paving the way towards 16.56 as the next key target. Therefore, the bearish trend will remain valid in the short term. This […]
Gold, as expected, bounced towards short-term cloud resistance but got rejected. Recent lows are important short-term support. A break above yesterday highs could signal that an important short-term low is in. Gold price is trading below the Kumo (cloud) of the 4-hour chart. Price is still inside the bearish channel and yesterday it reached the […]
Overview Gold price has settled at the critical support level of 1,263.17. Please note that stochastics is showing clear signals of oversold market consitions. This creates momentum that we await to encourage a further rise again. This keeps the bullish scenario valid in the short term. Be aware that breaking 1,263.17 and holding below it […]
Overview Silver price managed to reach the bullish channel’s support while stochastic touched the oversold levels. We expect this factor to make the price resume the overall bullish trend after the temporary decline that was setting the tone for the trade yesterday. Therefore, we believe there are still odds of bouncing higher in the short […]
Gold price is trading around important Fibonacci support area of $1,265. Gold price is expected to at least make a bounce towards $1,275-80 where important short-term resistance is found. Gold could very well have finished the entire corrective decline. There are bearish divergence signs in the 4-hour chart that imply a back test at least […]
Is the Crude Oil Market still under pressure from OPEC’s expectations? Chris Kairinos, Rand Merchant Bank You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#211182 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: […]
Recently, the Gold has been trading downwards. The price tested the level of $1,265.50. According to the 4H time frame, I found hidden bearish divergence and broken trendlines in the background, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The first downward target is set at […]
Series continues by looking at laytime and demurrage, Richard Watts, Managing Director, HR Maritime. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#207033 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez […]
Gold remains weak and in a short-term bearish trend. I expect $1,260 to be broken and price to move towards next support of $1,250-45. My longer-term view remains bullish. Gold price held above the 61.8% Fibonacci retracement of the move from $1,245 but is breaking below the 4-hour cloud support. The next leg down in […]
Overview Gold is trading with an obvious bearish bias since the early session today, attacking the bullish channel support level. The metal approached this level testing the critical support at 1,263.17 and bounced higher quickly to settle above the mentioned channel support. This move keeps the bullish trend active until now. Traders are waiting until […]
Overview Silver is trading with a slight bearish bias in an attempt to head for our downward target at 17.43. This keeps our bearish scenario valid for the short term. Let me remind you that we are waiting for a bullish rebound after hitting the mentioned level to resume the bullish trend in the short […]
Gold price as expected is pushing lower towards $1,260 as we justified a correction from last week. The causation today are the French election results. Technically Gold price could continue lower towards $1,260 or even $1,250 but my longer-term view remains unchanged. The gold price has reached the 61.8% Fibonacci retracement of the last move […]
Overview Gold price keeps its stability above the EMA50 that forms good support base for the intraday trading. To enable trading inside the bullish channel displayed on chart, we are waiting until the bullish bias resumes. The first upward target is located at 1,300.00. Therefore, we will keep our bullish outlook unless 1263.17 is broken […]
Overview Silver price broke the intraday bullish channel’s support, which forms a negative factor that is expected to push the price to test 17.43 before turning back to rise again. Therefore, the bearish bias is suggested temporarily. We are waiting for a bounce to resume the main bullish trend. The main target is seen at […]
Series continues by looking at the Panama Canal, Richard Watts, Managing Director, HR Maritime. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#207032 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez […]
Gold price continues to move sideways in a corrective manner. The move that started from recent highs is part of a correction and we are just above the 38% Fibonacci retracement of the rise from $1,246. I remain longer-term bullish but cannot rule out a steep decline towards $1,250 before the resumption of the up […]
