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  • Gold Nears the Near Term Major Resistance

    The dollar index plunged 0.61% on Thursday 16th Feb, fell to a 1-week low of 100.38. Despite the better-than-expected US housing market data (Jan) and the initial jobless claims (for the week ending Feb 11), the dollar index has seen the biggest intra-day fall since the beginning of Feb, indicating the end of the uptrend […]

  • Technical analysis of gold for February 17, 2017

    The price of gold is in a bullish short-term trend. The price has reversed from $1,216 and is trying to break highs recorded this year of $1,244.50. We might see a pullback but overall technical picture is bullish and our target of $1,280-$1,320 remains valid. Red line – resistance (broken) Black line – support Gold […]

  • Auto Draft
    EUR And Gold Retraces

    As EUR/USD and Gold are expected to retrace in coming weeks, we expect oil to make a last move and top out. It could enter several months of correction while the Energy sector widely under-performs, Jean-Francois Owczarczak, Director, Management Joint Trust and FinGraphs.com. You can view this video and the full video archive on the […]

  • Daily analysis of Gold for February 16, 2017

    Overview Gold resumes its positive attempts after the sideways fluctuation that appeared this morning. It supports the continuation of our bullish trend expectations for the rest of the day, with testing the targets at the level of 1,249.94 initially. We remind you that breaching this level will push the price towards 1,260.00 as the next […]

  • Trading plan for Gold for February 16, 2017

    Technical outlook: The 4H chart presented here is indicative of clear 2-wave count potential. The first is being worked out between $1,180 and $1244.00 levels; it is an immediate boundary, being worked out. According to this wave count, strong support lies at $1,205.00, which is also Fibonacci 0.618 and immediate trendline support as depicted here. […]

  • Gold analysis for February 16, 2017

    Recently, gold has been trading upwards. As I expected, the price tested the level of $1,235.00. According to the 1H time frame, I found hidden bullish divergence and parabolic bottoming, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities. Targets are set at the price of $1,244.00 […]

  • Technical analysis of gold for February 16, 2017

    Gold made a very bullish reversal yesterday. Despite falling towards $1,216, support was briefly broken but buyers stepped back in despite Dollar strength and supported the price. Moreover, the price continued higher and closed above $1,228-33 area where it is trading now. Red line – resistance (broken) Black line – support Gold has broken again […]

  • Daily analysis of Gold for February 15, 2017

    Overview The price did not show any strong move since morning. It is fluctuating within tight range settling above the level of 1,221.50. Thus, there is no change on our bullish trend scenario that depends on holding above the mentioned level and above 1,211.31. Thus, supported by stochastic it is heading towards the oversold areas, […]

  • Gold analysis for February 15, 2017

    Recently, gold has been trading sideways at the price of $1,225.50. According to the 30M time frame, I found hidden bullish divergence in creation on the moving average oscillator, which is a sign that sellers lost power. I found potential parabolic bottom formation, which is a very strong type of bottoming. My advice is to […]

  • Intraday technical levels and trading recommendations for EUR/USD for February 15, 2017

    In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0570, which had been previously reached in August 1997. […]

  • Auto Draft
    Discover the Markets: Trading – GOLD

    For more info: http://www.easymarkets.com The modern day world presents us with an environment which is overly noisy and congested. The international markets are often no different. However, like in life, if you can take the time to clear you head and focus to understand what traded instruments actual are and what drives them, then you […]

  • Technical analysis of gold for February 15, 2017

    Despite Dollar strength yesterday, Gold remained resilient and above $1,218-20 short-term support. As long as Gold remains above that level I expect a swift upward move towards $1,250 and eventually towards $1,280-$1,300. Gold remains in a bullish trend. Blue line – support Red line – resistance Gold is inside the 4-hour cloud. Short-term trend is […]

  • Technical analysis of GBP/JPY for Feburary 15, 2017

    GBP/JPY is expected to trade with bullish bias above 142.10. The pair has broken above a negative trendline, and has been supported by the rising 20-period moving average, which has just crossed above the 50-period one. Meanwhile, the relative strength index is above its neutrality area at 50 and lacks downward momentum. As long as […]

  • Daily analysis of Gold for February 14, 2017

    Overview Gold showed initial breach to the falling wedge’s resistance that appears on the chart and closed the last 4-hours’ candlesticks above it, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards our next main target at 1,249.94. Therefore, we are waiting for more rise […]

  • Gold analysis for February 14, 2017

    Recently, gold has been trading downwards. As I expected, the price tested the level of $1,221.32. Anyway, according to the 1H time frame, I found hidden bullish divergence in creation on the moving average oscilator. There is also a potential double bottom formation. My advice is to watch for potetnial buying positions. The first target […]

  • Technical analysis of gold for February 14, 2017

    Gold price tested short-term support yesterday at $1,220 and еру price bounced off that level confirming support. Trend remains bullish in the medium term and in the long term I remain bullish expecting a new big upward move towards $1,280-$1,320 to start soon. Red line – resistance Blue line – support The Stochastic oscillator is […]

  • Gold analysis for February 13, 2017

    Recently, gold has been trading upwards. As I expected, the price tested the level of $1,237.14. According to the 30M time frame, I found head and shoulders formation (bearish), which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The first target is set at the price of […]

  • USD/CAD intraday technical levels and trading recommendations for February 13, 2017

    The USD/CAD pair challenged the upper limit of the depicted channel around 1.3360-1.3400 which succeeded to apply enough bearish pressure on the pair. Shortly after, a bearish engulfing weekly candlestick was expressed by the end of the week indicating strong resistance around 1.3550. Bearish persistence below the price level of 1.3300 (50% Fibonacci Level) was […]

  • Intraday technical levels and trading recommendations for GBP/USD for February 13, 2017

    By the end of June a significant bearish break below 1.3550 was expressed as seen on the depicted charts (Fundamental Reasons). Bearish persistence below the demand level at 1.3550 enhanced the bearish scenario toward the price levels around 1.2700 (Bearish projection target). The GBP/USD pair has been trapped inside the depicted consolidation range (above 1.2700) […]

  • Intraday technical levels and trading recommendations for EUR/USD for February 13, 2017

    In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0570, which had been previously reached in August 1997. […]

  • Technical analysis of gold for February 13, 2017

    The price made a pullback late last week but prices bounced back up towards the first short-term resistance at $1,235. Gold remains resilient despite the Dollar strength of the last few sessions. This implies strength in Gold. Gold is in a medium-term uptrend targeting $1,280-$1,320 over the next month. Red line – resistance Blue line […]

  • Daily analysis of Gold for February 10, 2017

    Overview Gold price shows positive trading now in attempt to regain its bullish track that stopped temporarily after yesterday’s decline. Notice that stochastic begins to overlap positively on the 4-hour time frame. That supports the chances for the rise without the need to hit the level of 1,211.31. Therefore, we believe that there are chances […]

  • GOLD Fundamental Analysis February 10, 2017

    GOLD continued it bullish counter move from the late December 2016, and continuing the bullish trend in non-volatile manner after massive sell off in 2016. Yesterday, USD had some pressure after the Unemployment claims positive report which resulted the price to proceeding down toward 1,218.91. In few weeks, Trump will be revealing the tax plan […]

  • Trading plan for Gold for February 10, 2017

    Technical outlook: A 4H chart view has been presented here to understand the wave structure since December 15, 2016. The yellow metal has formed a meaningful bottom at $1,122.00 level around December 15, 2016, and since then has rallied through $1,245.00 level making a series of higher highs and higher lows as seen here. According […]

  • Gold analysis for February 10, 2017

    Recently, gold has been trading downwards. The price tested the level of $1,221.70. According to the 15M time frame, I found bullish hidden divergence in the progress. My advice is to watch for potential buying opportunities. There is a broken supply trendline in the background. I have placed Fibonacci retracement to find potential upward targets. […]

  • Bullet Report: Trump Shakes the Markets Yet Again | Gold on the Move

    The dollar stood atop large gains early today after soaring broadly overnight on comments by U.S. President Donald Trump that he would announce the most ambitious tax reform plan since the Reagan era in the next few weeks. The U.S. dollar dropped against the CAD on Thursday, despite the release of upbeat U.S. jobless claims data, […]

  • Technical analysis of gold for February 10, 2017

    Gold price made a short-term reversal yesterday. The price has broken through support and finally the bearish divergence signals from the oscillators have been confirmed. The pullback was justified and normally this is inside the medium-term uptrend we are in. Blue line – support (broken) Gold price is heading towards the cloud support at $1,210. […]

  • Auto Draft
    A Trump Weak USD Good For Gold

    Have fundamental drivers for gold changes since Donald Trump gained presidency? Alasdair Macleod, Gold Money You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#205923 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman […]

  • Gold analysis for February 09, 2017

    Recently, gold has been trading upwards. As I expcted, the price tested the level of $1,244.77. According to the 4H time frame, I found successful rejection from lower diagonal of upward channel. The trend is still bullish. Based on 1H time frame, I have found broken symmetrical triangle, which sign that gold may continue with […]

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