Gold price made a strong reversal yesterday, broke below $1,200 and exited the bullish channel. We could see a bounce to backtest the broken channel today but overall I believe Gold has made a short-term top and a pullback is justified towards $1,180. Red lines – bullish channel Gold continues to trade above the Ichimoku […]
Overview Gold price eventually confirmed breaching $1,211.31 after closing the daily candlestick above it. This supports the continuation of the bullish rally on the intraday and short-term basis. Besides, it opens the way towards $1,249.94 in the short run. The metal is to trade within the bullish channel that is displayed on the chart. Therefore, […]
Overview Silver price managed to surpass the $17.00 barrier and settle above it, where it faces the resistance of the correctional bearish channel that appears on the chart. The metal is likely to breach this resistance to confirm the continuation of the rise in the short term. Its next target is seen at $17.43. In […]
Recently, gold has been trading sideways at the price of $1,212.14, heading upwards. On the 4H time frame, I found an upward channel, which is holding successfully and also there is successful rejection from 25SMA displaced 5, which provides good support. The trend is bullish and you should look for buying opportunities. I placed Fibonacci […]
Gold price remains inside the bullish channel and is making higher highs and higher lows. Trend remains bullish in the short term. We might see a pullback towards $1,200-$1,210. There are several divergence signs but no reversal signal. Red lines – bullish channel Gold price is trading above the Ichimoku cloud and inside the bullish […]
Overview The gold price shows slight positive trading gradually approaching our first awaited target at 1,211.31 and keeps moving inside the bullish channel shown on the chart. The EMA50 protects trading inside this channel, providing positive chances of breaching the mentioned level followed by opening the way to 1,249.94. Therefore, we still expect the bullish […]
Overview The silver price continues to move within a tight range around 16.80. Stochastic has been getting rid of its negativity gradually approaching the oversold areas. This forms a positive factor that we are waiting to make the price resume the bullish trend in the upcoming period, which next main target is located at 17.43. […]
Recently, gold has been trading sideways at the price of $1,218.80, heading upwards. On the 15M time frame, I found a bearish engulfing pattern and price action resistance. There is also a broken upward trendline, which is a sign that buyers lost power. Intraday trend is still upward but I see potential downward corection. Downward […]
Today’s main event will be Theresa May’s speech on Brexit. Naturally this speech is regarded as the most anticipated event since last June, where Brexit took place. Speculation over the weekend indicated that the PM will use this chance to indicate a hard Brexit so any deviation from this agenda could help GBP recover from […]
As expected, gold is making higher highs this morning as the price remains inside the bullish channel. There are several warning signs as the RSI is diverging which justifies a pullback in the short term. This pullback will be confirmed once the price breaks below $1,193. Red lines – bullish channel Black line – divergence […]
The Golden Week is celebrated in mainland China twice every year. The first of these, known as the Chinese Lunar New Year Golden Week (or the Spring Festival), falls in January or February. The second of these, which includes the National Day and the Mid-Autumn Festival, is celebrated in October. These semi-annual events, which last […]
Recently, gold has been trading upwards sideways at the price of $1,203.00. According to the 15M time frame, I found bearish divergence in the Moving Average Oscilator. The price made a higher high and the oscilator made a lower high. My advice is to watch for potential selling opportunities. Downward targets are set at the […]
Gold price remains inside the bullish channel making higher highs and higher lows. However there are several short-term warning signs that a pullback is imminent. Bulls need to be very careful especially if price breaks below $1,187. Red lines – bullish channel Price is above the Ichimoku cloud. The 4-hour RSI is diverging. A pullback […]
he USD is key to 2017 in all of the grain markets. Tracy DeCarlo, President of DeCarley Trading
Gold remains in a bullish trend as long as price is above $1,177. There are bearish short-term signals of divergence. Long covering is preferred as a pullback towards $1,150-60 is the most optimistic scenario. The worst scenario is that we will see a new low in Gold price below $1,100. Red lines – bullish channel […]
Recently, gold has been trading upwards. The price tested the level of $1,206.74 in an average volume. According to the 30M time frame, I found divergence in the Moving Average Oscilator. The price made a higher high and the oscilator made a lower high. My advice is to watch for potential selling opportunities. Anyway, the […]
Overview Gold price traded firmly higher yesterday. Now the metal is expected to go on its climb from $1,200.00 to keep the bullish scenario valid on the intraday and short-term basis. The way is open to test $1,211.30 that represents the next main target. We remind you that breaching the targeted level will extend gold […]
Overview Silver price retested the 16.56 level and bounced bullishly from there, to resume its bullish track inside the minor bullish channel which is displayed on the chart. We are waiting a further rise of the metal to visit 17.43 as a next main station. Therefore, the bullish trend will remain strong supported by the […]
Gold price is making new highs at $1,200 as we have been expecting for some time now. Gold price could continue higher towards $1,220 but Gold bulls need to be very cautious as there are bearish short-term divergence signs. A pullback is justified towards $1,170-60. Red lines-bullish channel Blue line- new highs Black line – […]
Overview Gold demostrates calm positive trading, approaching the $1,190.00 level. The EMA50 provides continuous positive support to the price. The bullish trend line can be seen on the chart, waiting for more rise in the upcoming sessions. Therefore, bullish trend will remain valid on the intraday and short-term basis. Our next target is located at […]
Overview Silver price rallied and surpassed the 16.56 level which supports our bullish outlook in the upcoming period. The way is open towards the 17.43 level that represents the next main target. Besides, the key resistance lies at 17.15. The price needs to breach this level to confirm bullish trend. Therefore, we still expect continuation […]
Recently, gold has been trading upwards. The price tested the level of $1,191.10 in an average volume. According to the 30M time frame, I found a fake breakout of yesterday’s high, which is a sign of weakness. There is also a divergence in the Moving Average Oscilator. The price made a higher high and the […]
Gold prices have rebounded since mid-Dec after testing the significant support line at 1120. On the 4 hourly chart, gold bullish momentum has been strengthened since the beginning of this year, helped by the dollar retracement. Gold spot has been trading along the downside uptrend line support year to date, breaking the two near term […]
Gold price made a new higher high yesterday but it was not confirmed on the 4-hour chart by the RSI, which means that bulls need to be very cautious as a pullback is imminent. Trend remains bullish in the short-term and I continue to target $1,200-$1,220 for a reversal. Red lines- bullish channel Blue lines […]
The situation for global gas and LNG markets is such that the over supply is going to last for a few years. Dr. Massimo Di Odoardo, Wood Mackenzie. Related Posts:Technical Analysis of Intraday Price Movement of Filecoin… April 7, 2024 With the appearance of the Bullish 123 pattern which is…Technical Analysis of Intraday Price Movement […]
Overview Gold price didn’t show any strong move since morning, to keep fluctuating near 1185.00 level, as long as the price above 1172.68 level, so the bullish trend scenario will remain active for today, supported by the EMA50, waiting for heading toward 1211.1 that represents the next main target for the current bullish wave. You […]
Overview Silver price managed to breach 16.56 level and settles above it now, reinforcing our expectations for the continuation of the rise in the upcoming sessions, opening the way toward our next target at 17.43. Stochastic heads to the upside to support the chances of the bullish bias continuation for today, therefore, we will keep […]
Recently, gold has been trading upwards. As I expected, the price tested the level of $1,187.41 in an average volume. According to the 30M time frame and using the market profile, I found yesterday’s point of control at the price of $1,174.50. I found a fake breakout of yesterday’s high, which is a sign of […]
Today’s financial calendar is missing any important announcements that could spark volatility in the markets. Instead, market participants will continue to focus on the upcoming Fed policy speeches (8 speeches this week – not counting Chair Yellen’s with 5 due on Thursday. Other headlines that dominate FX moves are the recent Comments from UK PM […]
Gold price remains near its highs after making a higher high yesterday at $1,187. However in the short-term a pullback is justified towards $1,150-60 as there are bearish divergence signs on the 4-hour chart. Red lines – bullish channel Gold price is trading inside a short-term bullish channel above the 4-hour Ichimoku cloud support. Short-term […]
