Technical outlook and chart setups: Silver has dropped a bit lower than expected earlier, as depicted on the daily chart here. The metal is seen to be bouncing off the $14.45 levels, pretty close to the $14.40 support of October 02, 2015. Furthermore, the metal is also testing the backside of the resistance turned into […]
Gold price remains near its recent lows. The price should make a short-lived bounce towards $1,120-30 and then a new low towards $1,060-$1,000. A trend remains bearish. However, an overall picture is not that bearish, and I believe we are at the final stages of the bearish market. Blue line – trend line support (broken) […]
China Inflation Retreats Morning Report: 06.15 London • This morning, markets appear to be readying for winter hibernation judging by the level of inactivity this morning so far. After Friday’s NFP inspired moves, there is an air of caution across markets today. Even below expectation Chinese CPI is barely causing a ripple so far, especially in […]
Overview According to the H4 chart, silver price showed a impulsive breakout of the key support at 14.85 and settled below it, which reinforces our expectations of continuing bearish trend in an upcoming period. The way to the level of 13.96 is open now. Currently, stochastic might push the price to the broken support before […]
Overview: Since our last analysis, gold has been trading downwards. As we had expected, the price tested the second major support at the level of $1,085.00. We can observe a massive volume spike (selling climax), which is a sign that selling gold at this stage looks risky. A trend is still downward, but since we […]
Gold price was pushed towards new lows last week following the better-than-expected US Non-Farm Payrolls. In the previous analysis, I mentioned that gold price had to bounce off the area around $1,120-40 in order to avoid new lows. This did not happen. So, bears are still in control. Blue line – support (broken) Gold price […]
Dollar Faces Small Counter Rally Morning Report: 06.30 London • This morning, markets are peeling back a small portion of Friday’s NFP inspired dollar rally. The end of last week saw the release of better than expected US non-farm employment change, an event that underlined the Fed’s hawkish stance and probable interest rate hike in December. […]
Technical outlook and chart setups: Silver has retraced lower towards the fibonacci 0.618 support levels around $15.00/14 levels yesterday. The metal is trading around $15.05/10 levels at the moment, looking to resume a rally higher. Please note that a support trend line is passing through $14.80/90 levels as well, to provide enough support. It is […]
Technical outlook and chart setups: Gold looks to remain vulnerable till prices stay below $1,120.00 levels. As depicted on the 4H chart view here, the yellow metal has broken a rising support trend line and is trading pretty close to its past support at $1,198.00 levels. The daily chart shows some support coming in just […]
Overview: Since our last analysis, gold has been trading sideways around the price of $1,107.50. The intraday and short-term trends are downward as the price is below the Ichimoku cloud on the daily, H4, and H1 charts. In the daily time frame, we can observe a weak demand bar in a low volume. According to […]
Gold price has extended its decline towards the $1,100 support. I expect a bounce towards $1,130-40 where the bullish and bearish scenarios will be tested. Blue lines – bearish scenario Blue upward sloping line – trend line support (broken) Red line – bullish scenario Gold price is trading below the Ichimoku cloud. The stochastics are […]
Pound Wobbles on Dovish MPC Morning Report: 06.30 London • This morning, markets are steady ahead of today’s Non Farm Payroll data. The dollar index remains at the highs, reflecting the general perception that we could see some strong data that underlines the Fed’s more bullish stance on rates. • By contrast, the Bank of England took […]
Overview According to the attached H4 chart, Silver price continues to move within a tight track around 15.00 level, while the stochastic loses its bullish momentum gradually to supported the chances of resuming the bearish trend as the bearish trend scenario is still valid as long as the price is below 15.40, supported by the […]
Overview The silver price crawls gradually to the downside approaching the first main target at 14.85. The EMA50 continues pushing the price, thus supporting a further decline in the upcoming period. Breaking the targeted level will open the way towards 13.96 as a next main station. Therefore, the bearish trend will remain suggested on an […]
Overview: Since our last analysis, gold has been trading downwards. As we had expected, the price tested the level of $1,106.26. The intraday and short-term trends are downward as the price is below the Ichimoku cloud on the daily, H4, and H1 charts. In the daily time frame, we can observe a strong supply bar […]
December Rate Hike On Table Morning Report: 06.30 London • This morning, markets are stable after Fed Chairman Yellen upset the apple cart yesterday by reaffirming the idea of a December rate hike. Markets reacted in predictable fashion, with equities hitting reverse gear and the Dollar index firing back to life. • The Dollar pairs are quiet […]
The gold price continued with its downward move despite holding above the long-term support trend line coming from $1,080. Breaking below this trend line is not a good sign for gold bulls. A bounce towards $1,130 is confirmed here but it seems that we are not going to avoid a new low below $1,080. Blue […]
Technical outlook and chart setups: Gold is still seen to be testing the trend line support that extends through the July and October 2015 lows as depicted here on the daily chart setups. In the event of a break below $1,100.00 levels, the July lows at $1,080.00 levels shall be exposed. On the flip side, […]
Technical outlook and chart setups: Silver has converged towards $15.00/10 levels as expected and discussed earlier as seen on the daily chart setups depicted here. Please note that the metal is trading at a strong fibonacci convergence around current levels, and a bullish reversal here, would be extremely encouraging. On the flip side, a drop […]
Thomas H. Lee Partners and Goldman Sachs Group Inc.’s private-equity unit are weighing on buying Blackstone Group LP’s GCA Services Group Inc., a provider of custodial services, according to sources. Thomas H. Lee and Goldman Sachs’s consortium made an offer valuing GCA at about $1 billion, and there’s no guarantee it will prevail, Reuters reported. […]
Overview The silver price is trading steadily below the 15.40 level. It keeps the bearish trend scenario valid for today, waiting to test the 14.85 level initially, where the EMA50 continues placing the intraday trading under pressure. We remind you that breaching the 15.40 level will lead the price to return the gains way that […]
Technical outlook and chart setups: Silver seems to be converging towards the Fibonacci 0.618 support around $15.14/20 levels as depicted here. The metal should find support there and produce a bullish reversal soon. Please note that the metal is still around the past resistance turned into support levels as well. A bullish turn here should […]
Technical outlook and chart setups: Gold had dropped below the $1,125.00 levels, taking out stops yesterday. But the yellow metal seems to have found support at the Fibonacci 0.786 level and trend-line convergence. The metal seems to be testing trend-line support again around the $1,118.00 levels for now, before staging a rally. Only a drop […]
Stocks Report: Exxon Mobil Exxon broke resistance zone Likely to rise to 90.00 Exxon recently rose sharply – following the earlier breakout of the resistance zone lying at the intersection […] The post HY Newsletter – Gold Falling Inside Impulse Waves appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) […]
Overview: Since our last analysis, gold has been trading downwards. As we had expected, the price tested the level of $1,114.28. The intraday and short-term trends are downward as the price is below the Ichimoku cloud on the daily, H4 and H1 charts. In the daily time frame, we can observe a strong supply bar […]
Chinese PMI Reassures Morning Report: 06.30 London • Despite Premier Xi officially lowering growth targets, China has offered some reassurance this morning. Chinese Caixin services PMI came in above expectations, while Australian trade balance (Often seen as a China proxy) expanded less than expected. The Aussie Dollar is bidding higher as a result. • By contrast, the […]
Gold price has collapsed yesterday towards my lower target of $1,120 and has hit the long-term support trend line from $1,080. The pause of the decline at that area is a good sign. It implies that the support at $1,120 is respected and important. A bounce of higher highs and higher lows is now what […]
Gold accelerated Tuesday after hitting its one-month low, as investors weigh the outlook for interest rate hikes before Federal Reserve Chair Janet Yellen’s speech. Yellen is scheduled to address the House Financial Services Committee, who previously said the central bank will look into rate increase in December. Fed Vice Chair Stanley Fischer and Federal Reserve […]
RBA Holds Steady Morning Report: 06.30 London • This morning, the Australian Dollar is out performing its peers after the RBA opted to keep rates on hold at 2% against an outside chance of another cut. The Australian Dollar is performing well across the board, as the Dollar backs off. • Elsewhere, the USD/JPY is slipping back […]
Goldman Sachs Group has hired Jose Abad to cover Spanish banks for its equity research team. Abad will report to the head of the European financial research team, Jernej Omahen, a firm’s spokesman said. He will be based in London. Abad joins from Moody’s Investors Service, and was chief economist at Spain’s Instituto de Credito […]
