Overview According to the attached H4 chart, silver keeps its stability moving below the level of 14.70, which keeps the negative pressure valid in the upcoming period, supported by the EMA50. That could resume the bearish trend with targets at 13.50 and 12.80 in the near term. Stochastic positivity explains the reasons for the current […]
Technical outlook and chart setups: Silver has reacted well as expected at the levelsof $15.00 levels. Bears will remain in control until prices stay below the levels of $15.60. Also please note that it has reversed from $15.00, which is Fibonacci 0.618 resistance, indicating a continuation of a bearish move. It is hence recommended to […]
Technical outlook and chart setups: Gold continues to trade around the levels of $1,118.00/20.00 for now after reversing from $1,170.00 earlier. The yellow metal should be looking for a way to drop below $1,075.00 in the sessions to come. Also please note that the metal has reversed from a trend line and fibonacci 0.618 resistance […]
Overview: Since our last analysis, gold has been trading sideways around $1,120.00. Low activity is observed in the market today. We are waiting for larger activity and higher volume. As we had expected, the price tested the level of $1,122.67. According to the daily time frame, we can observe a weak supply bar in an […]
Dollar Still The Big Bet After NFP Morning Report: 08.30 London • This morning, the US Dollar remains the go-to currency despite Friday’s off colour Non Farm Payroll numbers. The Japanese Yen has been picking up momentum, but throughout this, the Dollar index has remained resolute and never fallen significantly from the highs. • The Yen pairs […]
Gold price remains under pressure as prices remain below resistance levels and a short-term bearish pattern is being formed with a trigger below $1,117. Green line – cup with handle pattern being formed Gold price is below the Ichimoku cloud in the 4-hour chart. This is the first bearish sign. Gold price reached a lower […]
Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,122.67. According to the daily time frame, we can observe a weak supply bar (no-supply bar) in a volume below the average. Watch only for selling opportunities after retracement. Strong support is found at the level […]
Gold price broke its short-term support yesterday but found the next support at $1,120, where the recent low was found on August 18. The short-term trend is bearish. Bullish signal will come when we break above $1,133. Green line – support Black line – resistance Gold price is trading above the Green trend-line support but […]
All Eyes On Fed While Aussie Stumbles Morning Report: 07.00 London • This morning, all eyes will be on the US Federal Reserve with the prospect of a September rate hike still finely poisted. The divergent nature of world central banks was highlighted yesterday with a unexpectedly dovish statement from the ECB’s Maria Draghi which. This […]
Technical outlook and chart setups: Gold dropped lower to the levels of 1,127.00 as we had expected, after reversing from $1,170.00 earlier. The metal responded to its fibonacci 0.618 resistance and is expected to drift lower towards $1,030.00 in coming sessions. It is hence recommended to continue holding short positions now with risk at $1,180.00. […]
Technical outlook and chart setups: Silver bulls seem to be looking for an opportunity to push the price through $15.00, which is also accompanied by the fibonacci 0.618 resistance, 50-day moving average, and intermediary resistance trend line as depicted on the H4 chart. The metal remains a sell-on-rallies candidate until prices stay broadly below $15.60 […]
Overview Silver price continues fluctuating near the 14.70 level settled below it. The EMA50 keeps forming negative pressure against the intraday trading, which keeps our bearish trend expectations valid until now, targeting 13.50 then 12.80 levels initially. It is important to be aware that breaching the 14.70 level will push the price to test the […]
Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,129.98. According to the daily time frame, we can observe a weak demand bar (no demand bar) in the background. Anyway, we saw weakness in Fridays’s price action in the H1 time frame. We got a […]
Sept 3rd, 2015: Euro Finds Its Feet Morning Report: 07.00 London • This morning, the yen has continued its recent dominance with losses across all yen pairs this morning. This is all the more impressive considering the dollar index remains at the highs. • One of the biggest losers today is the Australian dollar, especially […]
Gold bulls were unable to break above the resistance of $1,150 yesterday, and the rejection pushedthe price lower towards short-term support of $1,125. The inability to break above resistance was not a good sign, but bulls still have one more chance as I expect a new bounce to come over the next couple of days. […]
Overview Silver price remains stable below the 14.70 level, where the EMA50 continues forming negative pressure against the price, while stochastic heads towards the downside in the four-hour time frame. Therefore, we keep preferring the bearish trend on the intraday and short-term basis organized within the bearish channel that appears in the image, and the […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,135.31. According to the daily time frame, we can observe a weak demand bar (no demand bar). Anyway, we saw weakness in Fridays’s price action on the H1 time frame. We got a buying climax with a wide spread […]
Gold price continues to trade in a short-term bullish trend moving towards higher highs and higher lows. My medium-term targets for Gold price are between $1,170 and $1,200 as the weekly chart is supported. Green line – support Gold price is trading above the green trend-line support and is trying to break out above the […]
Aussie Boosted by Poor GDP Data Morning Report: 07.00 London • It says something of the current environment when poor GDP data is cause for some celebration, but this seems to be the case this morning with the Australian dollar. Given the turmoil of recent weeks and its reliance on China, the Australian dollar has been […]
Technical outlook and chart setups: Gold is still a candidate to be sold on rallies until prices stay broadly below $1,200.00/30.00. The metal has reversed lower after stalling at $1,170.00 levels recently and prices are expected to move lower towards at least $1,030.00. It is hence recommended to remain short with risk around $1,180.00. Immediate […]
Technical outlook and chart setups: The daily chart view for silver indicates that the metal is stalling around the fibonacci 0.382 resistance levels around $14.60/80 for now. A push above $14.80 could test $15.00 before reversing lower again. Please also note that the past support turned resistance at $14.40/50, where prices have stalled at the […]
Overview Silver price remains stable moving below the level of 14.70 today. Therefore, our bearish trend expectations remains valid and active supported by stochastic and the EMA50 negativit. The targets are seen at 13.50 and then at 12.80. The EMA50 adds more strength to the resistance, and stochastic is gradually losing its positive momentum in […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,144.53. According to the daily time frame, we can observe a weak demand bar. Anyway, we saw weakness in Fridays’s price action in the H1 time frame. We got a buying climax with the wide spread and supply coming […]
Gold prices bounce above short-term support and has most probably started its next upward move towards $1,170 or even higher. Bulls remain in control as long as prices are above $1,125. The short-term trend is bullish. Gold prices are testing the Ichimoku cloud resistance today in the 4 hour chart as shown above. The bounce […]
Overview Silver price retested the 14.70 level and bounced bearishly from there, getting negative signals through stochastic and the EMA50, which supports the continuation of the expected bearish trend for the upcoming sessions, which targets begin at 13.50 followed by 12.80. Silver price fluctuates within tight track since morning, therefore, there is no change in […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,140. According to the daily time frame, we can observe a weak demand bar (potential selling coming in). Anyway, we saw weakness in Fridays’s price action in the H1 time frame. We got buying climax with wide spread and […]
Gold price holds above the important short-term bullish trend support level of $1,115. The price bounced towards $1,138, but buyers were not strong enough. Medium-term trend remains bullish with next big resistance at $1,150. Gold price is above the 61.8% retracement, but below the Ichimoku cloud. Resistance is seen at $1,138-40. Breaking above this level […]
Technical outlook and chart setups: Gold seems to have completed its counter trend rally last week after hitting its trend-line resistance around $1,170.00 as depicted here. Please also note that the fibonacci 0.618 resistance levels, of the drop from $1,206.00 to $1,075.00 levels respectively, has also been hit and prices have reacted well there. It […]
Technical outlook and chart setups: Silver dropped to the level of $13.97 last week before pulling back above $14.50 again. The metal needs to reach the level of $15.50 to confirm that bulls are back in control. It is recommended to remain flat for now and watch for a reaction at current levels, before committing […]
Overview Silver price continues to rise gradually approaching the previously broken support level of 14.70 that turned into resistance now. It was met by the EMA50 to add more strength accompanied by stochastic in the overbought areas. Therefore, these factors encourage us to keep our bearish overview for the upcoming period, waiting a visit to […]
