Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,140.23. An intraday trend is neutral. In the daily time frame, I found a trading range between $1,170.00 (resitance) and $1,098.50 (support). In the H1 time frame, we can observe strength (reversal up-thrust) around the level […]
The gold price got rejected at the $1,150 resistance level and pulled back. The big picture remains unclear as long as the weekly candle remains inside the big triangle pattern. A weekly close above $1,150 will open the way to $1,200, otherwise we can see $1,110-20 again. Red line – resistance The gold price is […]
Crude oil futures rebounded in Asia Thursday, dismissing a sudden increase in US inventories, as China resumes trading following week-long holidays. Crude oil futures escalated by 3.1 million barrels to 461 million last week as refineries cut production and idled capacity. Although there was a minimal trading, both major oil benchmarks gained more than 1%. […]
Overview According to the attached H4 chart, silver price tests the support base formed above the level of 15.85 after breaching it previously, while stochastic gains positive momentum heading towards oversold levels. Amid that the chances for a continuation of the bullish trend are still valid in upcoming sessions. It depend mainly on the stability […]
Following China’s week-long holiday, gold dropped from almost two-week highs and silver lost 3% Thursday as Chinese investors sold the precious metals to lock in profits. Spot gold lost 0.2% to $1,143 an ounce before ending 0.1% lower. The metal had rose to $1,153.30 in the last session, its highest since September 24. Silver slid […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,152.82. The intraday trend is neutral. In the daily time frame, I found a trading range between $1,170.00 (resitance) and $1,098.50 (support). In the H1 time frame, we can observe weakness around the level of $1,152.00. A potential downward […]
Gold price broke the triangle pattern providing us with a buy signal. Gold price might pull back today in order to test the breakout area, but an overall trend remains bullish with increased chances for a push higher towards $1,200. Red line – resistance Gold price found short-term resistance at the downward sloping trend line […]
Global Growth Concerns Drive Dollar Lower Morning Report: 06.45 London • This morning, concerns over global growth rates are putting further pressure on the US dollar as the chance of a 2015 rate hike slips back another notch. The dollar index is now down for the fifth day in a row. […]
Overview The silver price shows some slight bullish bias in attempt to resume the bullish correctional trend, which gets a good boost after breaching 15.40 yesterday, besides the continuous support that comes from the EMA50. The metal managed to breach the 15.40 level. It confirms the suggested bullish correctional trend continuation in our last reports, […]
Technical outlook and chart setups: Silver has finally raised through and taken out initial resistance at $15.60. The metal reached a high of $15.70 and is expected to retrace lower. As depicted here, initial support begins at $15.05 along with the back side of resistance trend line, which acts as support now. It is hence […]
Technical outlook and chart setups: Gold bounced off the trend-line support around $1,105.00 last week, as expected. The metal is trading around $1,138.00/40.00 now, looking for an opportunity to move higher. The yellow metal could retrace lower towards $1,118.00/20.00 before resuming its recent rally. Hence, remain long and look for an opportunity to add further […]
Markets Eye Strong US Jobs Data Morning Report: 06.45 London • This morning, the Australian dollar is leading markets higher despite a ballooning gap in the trade balance. The RBA’s decision to keep rates on hold is a more significant factor though as it is set against the outside prospect of a rate cut. […]
Overview: Since our last analysis, gold has been trading sideways around the price of $1,138.00. The intraday trend is neutral. In the daily time frame, we can observe testing of Fibonacci retracement 61.8% at the price of $1,136.70 and a neutral bar (indecision). In the M30 time frame, we can observe a massive volume spike […]
Gold is trading sideways in what seems to be a bullish flag. I expect the gold price to move higher and break short- and medium-term resistances and finally make a move towards $1,200. The bigger triangle pattern remains valid and so we wait for a breakout. Green line – triangle pattern The gold price has […]
Overview The silver price continues fluctuating near the critical resistance at 15.40, waiting for breaching this level to reinforce the expectations for the bullish correctional trend, where the next targets located at 15.85 and then 16.30 are. In general, we will keep preferring the bullish bias if the price settles above the 14.35 level, which […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,141.06. The intraday trend is neutral. In the daily time frame, we can observe a testing of Fibonacci retracement 61.8% at the price of $1,136.70. In the M30 time frame, we can observe a massive volume spike (Friday news) […]
Dollar Still Slow after NFP Miss Morning Report: 06.45 London • This morning, the dollar index is still suffering the consequences of below expectation Non Farm Payroll data from the US on Friday. NFP came in significantly below the expected +201k at +142k, while average earnings failed to grow at all. This adds another layer of […]
The gold price has finally bounced towards our minimum target of $1,140 as expected. The bounce came off the lower triangle boundary at $1,105. The price has stopped right under the triangle resistance and it implies that the sideways move will continue. Green lines – resistance The gold price bounced off support at $1,105 and […]
Trading outlook and chart setups: Silver has bounced off $14.40 levels today and is again trading around fibonacci support at 0.618 ($14.50/55 levels). Please note that the metal has held its support well and is expected to push higher above $15.60. It is hence recommended to hold long positions with risk around $14.00. Immediate support […]
Technical outlook and chart setups: Gold has dropped to the $1,105.00 levels today before bouncing back. Please note that the metal has tested an interim trend-line support and bounced higher. The metal started producing a bullish morning star candlestick pattern on the H4 chart . It is still recommended to hold long positions from the […]
Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,105.93. The intraday trend is downward, so watch only for selling opportunities after retracement. In the daily time frame, we can observe a supply bar in an average volume. In the M15 time frame, we can […]
Markets Eye Strong US Jobs Data Morning Report: 06.45 London • This morning, markets are wary with no strong movements so far this morning ahead of this afternoon’s Non Farm Payroll data. The Aussie dollar continues to set the pace as investors enjoy the lack of negative headlines around China. In line retail sales data helped […]
The gold price has made a new lower low today early at the European session, but it still holds above $1,100. The price has extended much more than I initially expected, but the wave count is still valid. Moreover, the price remains inside the big triangle pattern so a bounce towards at least $1,140 is […]
Overview From the attached H4 chart, the silver price keeps fluctuating near the breached bearish channel’s resistance level, while stochastic provides positive signal now that we wait for a boost for the price to resume the bullish trend, waiting for breaching the 14.85 level to reinforce the expectations of heading towards 15.40 as the first […]
Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,115.10. An intraday trend is downward, so watch only for selling opportunities after retracement. In the daily time frame, we can observe a supply bar in an average volume. In the M15 time frame, we can […]
China Data Soothes Markets Morning Report: 06.45 London • This morning, the Australian dollar is bidding higher after Chinese manufacturing data reassured markets that the world’s growth engine had not spluttered to a halt. There are some who think that official Chinese economic data is about as trustworthy as VW emissions tests, but the results have […]
Gold price moved lower than initially expected but my wave count is still valid as this wave 2 has not breached the start of its wave 1 yet. Technically, the price is very close to the lower triangle boundary, so a bounce from current levels could push the pair to at least $1,140. Black lines […]
Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,112.86. An intraday trend is downward, so watch only for selling opportunities after retracement. In the daily time frame, we can observe a supply bar in an average volume. In the M15 time frame, we can […]
Stocks Report: The Goldman Sachs Goldman Sachs reached pivotal support level 172.00 Likely to fall to 165.00 and 160.00 Goldman Sachs has been falling sharply inside the 3rd intermediate impulse […] The post HY Newsletter – Goldman Sachs reached pivotal support level appeared first on | HY Markets Official blog. Related Posts:Technical Analysis – ETHUSD finds support […]
Overview The silver price remains stable above the bearish channel’s resistance level, and therefore the chances for resuming the bullish correctional trend, which depends on the stability above the 14.50 level, remain valid. However, it is important to be aware that stochastic and the EMA50 are negative, which makes the price rise difficult. The metal […]
