Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,132.79. According to the daily time frame, we can observe a test of supply bar (potential sign of strengh). Anyway, we saw weakness in today’s price action in the H1 time frame. We got no demand bar and up-thrust […]
Gold price has held support and is showing signs of an upward reversal for the short-term trend. Important resistance is found at $1,130-50 area and a breakout above these levels will push the price towards $1,200. Bullish positions are favored for now as I see more chances of an upward bounce. Gold price is above […]
Overview Silver prices closed yesterday’s trading below 14.40 that confirmed a breakout of this level and opened the way to continue a bearish trend in the upcoming period, as our next targets are located at 13.55 followed by 12.80. Note that the current bearish wave is organized inside the bearish channel that we can see […]
Overview: Since our last analysis, gold has been trading downwards. As we had expected, the price tested the level of $1,117.58. According to the daily time frame, we can observe a strong supply bar in a high volume. Watch only for selling opportunities after retracement. Our support level at $1,125.00 is on the test. If […]
Stocks Report: The Goldman Sachs Group Goldman Sachs reversed from strong support level 172.00 Likely to rise to 190.00 Goldman Sachs recently fell sharply – breaking through the multiple support […] The post HY Newsletter – Gold Broke Support Zone appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) for […]
Gold price continued to move lower below the short-term and weekly support level of of $1,130. The rejection at $1,170 is a bearish sign, but bulls still have some hopes to bounce from the current levels. The weekly close will be very important regarding the medium- and short-term trend. Gold price is testing the Ichimoku […]
Markets Primed After Chinese Black Monday Morning Report: 07.00 London • European markets are on the rise this morning, attempting something of a come back after China’s Black Monday. Stock markets across the world experience the worst volatility since the 2008 crisis, with Chinese equities separating from the west and slipping further this morning. Both Chinese […]
China Lead Equity Rout Morning Report: 07.00 London • This morning, China has continued to lead global stock market rout with another round of sharp sell-offs across Asia. The benchmark Shanghai Composite is down another 8.5%, putting the index in the red for the year. Western markets are following suit with the S&P 500 futures indicating […]
Overview: Since our last analysis, gold has been trading upwards. As we expected, the price tested the level of $1,168.05. According to the daily time frame, we can observe demand in an average volume. I placed diagonal trendline and the price stoped extacly on the trendline. Our Fibonacci retracement 50% is at the price of […]
Technical outlook and chart setups: Gold has pushed through the $1,168/70.00 levels earlier today before pulling back and it seems that bulls are back in control since the rally from the $1,075.00 levels looks to be in the 5 waves. The metal might have formed a meaningful bottom around the $1,075.00 levels and it is […]
Technical outlook and chart setups: Silver pushed through the $15.60/70 levels before pulling back to $15.30. Please note that the metal has reacted well from the Fibonacci 0.618 support around $14.70/80 earlier, and bulls are expected to remain in control until the prices stay above the same. It is just a matter of time for […]
China Slowdown Sends Markets Reeling Morning Report: 07.00 London • This morning, US markets are still struggling after the S&P 500 endured a heavy session last night that saw the benchmark index hit a six month low and turn negative for 2015. You can take your pick on the reason for the decline, with fears of […]
Gold price remains in a bullish short-term trend and has made new higher highs towards $1,170. Price has broken above the weekly support but reached the 61.8% retracement of the decline from $1,225 to $1,1077. I do not see much more upside for Gold price. Red line – broken resistance Blue lines – price projection […]
Overview: Since our last analysis, gold has been trading upwards. As we expected, the price tested the level of $1,151.51. According to the daily time frame, we can observe a demand bar in an average volume. According to Wyckoff analysis, we have strong accumulation and bottoming on gold, so watch only for buying opportunities on […]
Soft Dollar Helps Gold Shine Morning Report: 07.00 London • This morning, the British Pound is holding most of yesterday’s again after CPI and Core CPI both came in above expectations with PPI dropping less than expected. A UK rate hike has been on the horizon for some time, but yesterday’s data helped push this a […]
Gold price has continued its upward move as we expected from our latest analysis after breaking above the short-term trend line resistance and has already reached our minimum target level of $1,140. Gold price is now in a strong resistance area and we could see a bearish reversal any time. This however does not mean […]
Technical outlook and chart setups: Silver has bounced off from $14.80/90 levels as expected yesterday and managed to take off initial interim resistance at $15.40 levels for now. Please note that the metal has potential to push through $16.40 levels, and bulls could remain in control till prices stay above $14.70 levels. It is hence […]
Technical outlook and chart setups: Gold has managed to push through $1,130.00/32.00 levels for now, as expected. Please note that it has reached the fibonacci 0.618 resistance levels, and a turn around can be expected here. Also, $1,130.00/32.00 levels is past support turned resistance now. It is hence expected to book profits on long positions […]
Overview According to the attached H4 chart, Silver price broke the 15.00 level and closed the daily candlestick below it as the price completed forming a minor head and shoulders’ pattern that appears on chart. It stops the recently suggested positive scenario and push the price to decline to test the 14.40 level mainly. Therefore, […]
Stocks Report: Exxon Mobil Exxon reversed from resistance zone Likely to fall to 76.30 Exxon recently reversed down from the resistance zone lying between the resistance level 79.00 (former strong […] The post HY Newsletter – Silver completed minor ABC correction appeared first on | HY Markets Official blog. Related Posts:Technical Analysis of Intraday Price […]
Overview: Since our last analysis, gold has been trading upwards. According to the daily time frame, we can observe a neutral bar (doji) in a volume below the average. According to the 30M time frame, we can observe a volume spike (buying climax) with a wide-range bar at the price of $1,121.00, which is a […]
Gold price has reached the 38% Fibonacci retracement and found support. Price is now giving some short-term bullish signals targeting new short-term highs above $1,130. Important short-term support is at $1,116. If broken, we could see a new lower low below $1,110 towards $1,100. Red line – resistance Gold price touched the 38% retracement, held […]
Pound Holds After Inflation Surprise Morning Report: 07.00 London • This morning, the British pound is holding most of yesterday’s again after CPI and Core CPI both came in above expectations with PPI dropping less than expected. A UK rate hike has been on the horizon for some time, but yesterday’s data helped push this a […]
Technical outlook and chart setups: Silver had dropped lower into $14.70 levels, just below its 50-day moving average, before pulling back higher again. Besides, please note that the drop has stalled at the fibonacci 0.618 support of the rally between $14.40 and $15.60 levels respectively. Furthermore, the backside of the resistance line is being tested […]
Technical outlook and chart setups: Gold had dropped lower towards its 50-day moving average as seen here, before bouncing back higher again to $1,115.00/17.00 levels. The yellow metal is expected to push higher at least towards $1,130.00/35.00 levels if not higher. It is recommended to initiate long positions with risk at $1,100.00 levels. Immediate support […]
Overview According to the shown H4 chart, Silver price settles above the EMA50 waiting to resume the bullish trend on the intraday basis, which targets the 16.05 level mainly in the upcoming sessions. In general, we continue suggesting the bullish trend on the intraday basis as long as the price is above 15.00 supported by […]
Overview: Since our last analysis, gold has been trading sideways around the price of $1,119.00. According to the daily time frame, we can observe a neutral bar (doji) in a volume below the average. According to the 30M time frame, we can observe a volume spike (selling climax) with a wide range bar at the […]
Gold price remains in a short-term bullish trend despite the longer-term bearish trend. Price is a making an upward bounce that could eventually push the metal towards $1,140-50 level. The $1,111 level is a key for the short-term trend while the $1,090 is critical support for the bullish trend. Blue line – trend line support […]
Technical outlook and chart setups: Silver is seen to be trading around $15.25/30 levels, just ahead of its 50 DMA as seen here on the 4H chart view. Silver bulls would be wanting to target $15.90 levels to confirm that a meaningful bottom has been formed around $14.40/50 levels recently. The metal should be supported […]
Technical outlook and chart setups: Gold is unchanged from what was discussed yesterday and is seen to be trading around $1,118.00 levels at the moment. Please note that the 50 DMA is passing through $1,110.00 levels and the yellow metal could bounce from there, pushing it further into the $1,130.00/35.00 resistance zone. It is recommended […]
