Overview: Since our last analysis, gold has been trading downwards. As I had expected, the price tested the level of $1,066.68. In the daily time frame, I found a supply bar and rejection from the SMA10. Our strong support around the levels of $1,075.00-$1,080.00 has become strong resistance (changing polarity) now. In the M30 time […]
Strong US Data Fails to Lift Dollar Morning Report: 06.15 London • The day after Thanksgiving traditionally has a positive bias, but so far markets are as sluggish with many markets participants taking an extended break. The US dollar index has moved higher over night, but is so far unmoved today. […]
Euro Slips Lower Morning Report: 06.15 London • This morning, markets have a slight negative bias this morning as US markets close for Thanksgiving. The US Dollar is unchanged, but maintaining its position at the highs, while the Euro continues to slip lower. • The Australian […]
Overview: Since our last analysis, gold has been trading downwards. As I had expected, the price tested the level of $1,075.02. In the daily time frame, I found a supply bar in a high volume and rejection from our SMA10. Our strong support around the levels of $1,075.00-$1,080.00 became strong resistance (changing polarity) now. In […]
I believe пold price is at an important trend-turning point in the short- and long-term trends. The price is expected to perform a strong bounce towards at least $1,120-30. However, there are also many chances that the entire bearish market is over or at its final stages. Red line – resistance The 4-hour chart above […]
Markets Eye Thanksgiving Bias Morning Report: 06.15 London • This morning, the US Dollar is on the back foot as markets eye the generally positive bias in the lead up to Thanksgiving. The Dollar index has a slight negative edge, while the Euro holds firm at the lows. […]
Technical outlook and chart setups: Gold has been trading in the lower range around $1,071.00 since yesterday. Please note that bulls might still want to produce a counter trend rally to at least $1,110.00 before reversing. A drop below $1,1063.00 would nullify the chances of a pullback and the metal should be heading straight down […]
Technical outlook and chart setups: Silver is beginning to show bullish divergence on the H4 chart (not shown here), and a breakout above the levels of $14.45 will favor bulls. At the moment, prices are testing the resistance line around $14.15. It is recommended to remain flat now and watch for a breakout above the […]
Overview The silver price managed to touch our first main target at 13.96, falling under continuous negative pressure provided by the EMA50, which encourages us to continue suggesting the bearish bias for the upcoming period. Breaking the mentioned level will extend the bearish wave to 13.50 followed by 13.00. The silver price pushes the critical […]
Technical outlook and chart setups: Gold has been printing fresh lows recently, but the metal may soon produce a counter-trend rally/recovery towards at least the $1,11.00 levels. The metal is seen to be trading around the $1,072.00 levels for now, looking to pull back before resuming the downfall. Immediate resistance is seen at the $1,095.00/96.00 […]
Technical outlook and chart setups: Silver has just broken below the $14.00 levels by a few cents today, touching Stop Outs. The metal maybe looking to pull back towards at least the $14.85 levels before printing fresh lows. It is quite clear that silver is looking to print lower lows, and hence selling on rallies […]
Overview: Since our last analysis, gold has been trading downwards. As I had expected, the price tested the level of $1,067.36. In the daily time frame, I found a supply bar in a high volume and rejection from our SMA10. Our strong support around the levels of $1,075.00-$1,080.00 became strong resistance (changing polarity) now. In […]
Gold price got rejected at the short-term resistance on Friday and resumed its downward trend. A longer-term trend remains bearish but I continue to support the idea that we are in an area of possible long-term trend reversal and this is not the time to be short or selling gold. Surprising results of the Fed […]
Dollar Back In Driving Seat Morning Report: 06.15 London • This morning, the US Dollar is once again in command of FX flows, with the US Dollar index heading back towards the November highs and Dollar pairs suffering. • The big losers so far have been […]
Overview The EMA50 continues forming good resistance barrier against the silver price’s attempts. It keeps the bearish bias valid on an intraday and short-term basis, waiting for testing the previously recorded low at 13.96 as a next main station. Stochastic offers a negative signal now, which supports extending of the bearish trend towards 13.50 followed […]
Strong US Data Fails to Lift Dollar Morning Report: 06.15 London • This morning, the US dollar is still in neutral mode and selling off yesterday despite better than expected Philly Fed data and inline unemployment claims. It seems to be more of a case of markets adjusting after Monday’s safe haven move. […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,087.21. In the daily time frame, I found a strong demand bar in a high volume testing our SMA10. Our strong support around the levels of $1,075.00-$1,080.00 became strong resistance (changing polarity) now. In the M30 time frame, I […]
Gold price has made a strong bounce yesterday towards the first important short-term resistance at $1,090. I have warned gold bears that this is not the time to go short on gold despite the new yearly lows. The price is at the oversold levels and on the top of the major long-term Fibonacci retracement. Blue […]
BNP Paribas SA has recommended traders to load up on securities in order to profit from escalating consumer prices in the United States. The lender joins several banks, including Credit Agricole SA and Goldman Sachs Group Inc., that say inflation projections currently denoted by bond yields underpin the likelihood for consumer prices to rise at […]
Overview The silver price approached our first target at 13.96 yesterday, showing some slight bullish bias to hover around 14.20. So the EMA50 continues forming a resistance barrier against the price attempts. It keeps the negative scenario valid for the upcoming period, waiting to break the 13.96 level to confirm extending the bearish wave towards […]
Technical outlook and chart setups: Gold is pulling back from $1,080.00 trading around $1,072.00 at the moment. The yellow metal actually needs to breakout above the trend line and take out the level of $1,098.00 to confirm that a counter-trend rally is underway. It is hence recommended to remain flat for now. Immediate support is […]
Technical outlook and chart setups: Silver managed to hold the level of $14.00. The metal should be looking for a counter-trend rally towards $14.60 and $15.00. As we can see here, the metal is just looking to break out of its resistance trend line. Immediate support seems to be coming in around $14.10 followed by […]
Gold bounced back from previous losses on Thursday, boosted by the weaker US dollar. Analysts continue to speculate over whether the Federal Reserve would raise its interest rates in the […] The post Gold Rebounds From Losses As Greenback Weakens appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) for […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,078.97. According to the daily time frame, I found neutral bar in a high volume, which is a sign of indecision and sign for exhausted gold. Our strong support around the levels of $1,075.00-$1,080.00 became strong resistance (changing polarity) […]
Fed to Hike in December…With Caveats Morning Report: 06.15 London • Central banks were the focus yesterday and will continue to be today with the release of the minutes from the last ECB meeting. The FOMC kept up the chance of a December rate hike, but there is a considerable caveat in this in wanting to […]
Gold price remains in a long-term downtrend in the bearish market, but I believe we are very close to seeing a long-term bottom and a major bullish reversal in Gold. I expect gold prices to reach the area of $1,045 plus or minus $10, but we can easily start the reversal from current levels. Red […]
Overview The silver price showed negative trading yesterday. Our first main target is at 13.96. We expect a stronger decline on an intraday and short-term bases supported by the negative pressure by the EMA50. Breaking the mentioned level will extend the bearish wave to 13.50 followed by 13.00. Therefore, the bearish trend scenario will remain […]
Overview: Since our last analysis, gold has been trading downwards. The price tested the level of $1,064.70. According to the daily time frame, I found a strong downward bar in a high volume. Our strong support around the level of $1,075.00-$1,080.00 became strong resistance (changing polarity) now. According to the M5 time frame, I found […]
Gold price hit a new low yesterday and remained in a short- and long-term bearish trend. Prices are moving towards lower lows and lower highs. However, the risk reward for going short at these levels is not favorable. It is preferred to stay neutral and wait for the buy signal. Gold is near its end […]
Markets Eye Fed Minutes Morning Report: 06.15 London • This morning markets are mixed and buffeted by various cross winds ahead of the released of the minutes from the last Fed meetings. The Euro is showing a modicum of strength after further selling yesterday. Stock markets may have staged a so called ‘patriot’ rally, but forex […]
