• Daily analysis of Gold for May 26, 2017

    Overview The GOLD price continues to fluctuate within a sideways track and the price needs to breach one of the key levels represented by the 1,249.94 support and the 1,263.00 resistance to detect its next destination clearly. Therefore, we still remain neutral until we get a clearer confirmation signal for the next trend. Note that […]

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  • Daily analysis of Silver for May 26, 2017

    Overview The Silver price calmly edges higher approaching our initial target at 17.43, motivated by Stochastic positivity shown on the four-hour time frame. A breach of this level will extend silver gains to 18.30 levels on the near-term basis. Therefore, the bullish trend will remain valid and active for today unless breaking and holding below […]

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  • Ichimoku indicator analysis of gold for May 26, 2017

    GOLD price is forming a sideways triangle price action. This tightening range will soon provide a break out and a clear signal. I believe that it is more probable the breakout to be to the upside. Blue lines -triangle pattern Gold price is trading around the tenkan- and kijun-sen indicators above the 4-hour Ichimoku cloud. […]

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  • Daily analysis of Gold for May 25, 2017

    Overview GOLD price has not shown any strong move since morning. The metal is still fluctuating between the key levels represented by 1,254.56 support and 1,262.25 resistance. The price needs to breach one of these levels to indicate its next destination clearly. As a result, traders are in the wait-and-see mode at the moment. To […]

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  • Daily analysis of Silver for May 25, 2017

    Overview Silver traded positively after retesting the neckline of the double bottom pattern that appears on chart. It confirms that a bullish bias is still dominating the intraday trading. We are waiting until 17.43 level is tested initially. Please note that breaching this level will push the price to head towards 18.30 as the next […]

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  • Ichimoku indicator analysis of gold for May 25, 2017

    GOLD price has held above the support level and reversed higher again today as we expected. Now it is testing important highs. The resistance between $1,257-$1,265 is critical for the short-term trend. Breaking it will open the way for a rise towards $1,280 at least. The price is trading above the 4 hour Kumo. The […]

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  • Analysis of gold for May 24, 2017

    Recently, the GOLD has been trading downwards. As I expected, the price tested the level of $1,248.00. Anyway, on the 15M time frame, I found a fake breakout of the yesterday’s low at the price of $1,249.80. There is also a hidden bullish divergence on the moving average osiclator, which is another sign of potential […]

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  • Ichimoku indicator analysis of gold for May 24, 2017

    GOLD price pulled back from $1,260 area as expected. Gold price could still move lower towards $1,240-45 area before the next upward move towards $1,280-$1,300. I do not see a deeper pullback at the moment at hand, so I will be waiting for an upward reversal that can come even this week. Gold price continues […]

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  • Analysis of Gold for May 23, 2017

    Recently, GOLD has been trading upwards. As I expected, the price tested the level of $1,263.75. Anyway, according to the 30M time frame, I found a fake breakout of yesterday’s high at the price of $1,262.60, which is a sign that buying today seems risky. There is also a hidden bearish divergence on the moving […]

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  • Ichimoku indicator analysis of gold for May 23, 2017

    GOLD price remains just below the important resistance of $1,265 where the 61.8% Fibonacci retracement is found. Trend remains bullish but a pullback towards $1,250 is justified in the short term. As long as price is above $1,213, I expect Gold to reach $1,280-$1,300. Gold price continues to trade above both the tenkan- and kijun-sen […]

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  • Ichimoku indicator analysis of gold for May 22, 2017

    GOLD price is overbought in the short-term and justifies a pullback towards $1,240. It is important for Gold bulls to hold above $1,230 and create a new short-term base of a higher low in order to move above $1,280-$1,300 which is the long-term resistance. Gold price is trading above the Ichimoku cloud support. Price got […]

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  • Daily analysis of Gold for May 19, 2017

    Overview The GOLD price shows bullish bias after testing the critical resistance at 1,547.56, where the price is affected by positivity of stochastic and the EMA50. As long as the price stays below this level, the bearish bias will remain preferred; the price is likely to test 1,229.32 levels before it returns to resume the […]

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  • Daily analysis of Silver for May 19, 2017

    Overview The Silver price trades upwards and begins testing 16.80 levels. Stochastic provides a positive signal that supports the chances for the continuation of the bullish trend in the upcoming sessions, thus keeping the positive scenario active for the rest of the day. Our next main target is at 17.43, while its achievement is conditioned […]

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  • Analysis of Gold for May 19, 2017

    Recently, GOLD has been trading downwards. The price tested the level of $1,246.00. According to the 30M time frame, there is a fake breakout of yesterday’s low, which is a sign that sellers lost downward pressure. There is also a hidden bullish divergence on the ROC oscilator, which is another sign of strength. My advice […]

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  • Ichimoku indicator analysis of gold for May 19, 2017

    GOLD price as expected is pulling back from the important weekly resistance at $1,260. Bulls now we need to see a higher low relative to the May lows at $1,214. A corrective pullback that will not hurt the bullish scenario should hold above $1,234. Gold price is trading above the 4-hour cloud. Trend is bullish. […]

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  • Daily analysis of Gold for May 18, 2017

    Overview GOLD price managed to confirm the return to the main bullish channel after closing yesterday’s trade above 1,254.56 level. This reinforces expectations for a further bullish trend on the short-term basis. Besides, it provides signals of stopping the downward correction that set the tone for trading in the second half last month. Therefore, we […]

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  • Daily analysis of Silver for May 18, 2017

    Overview Silver price are still holding above 16.80 level, and the EMA50 provides continuous positive support for the price. At the same time, stochastic is making attempts to get rid of its negativity, so solver is gaining momentum gradually that is seen on the chart of a four-hour time frame. Therefore, these factors encourage us […]

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  • Analysis of Gold for May 18, 2017

    Recently, GOLD has been trading upwards. As I expected, the price tested the level of $1,265.05. The metal tested my yesterday’s take profit level at $1,265.50. Anyway, today I found that price is having hard time to break above yesterday’s high, which is a sign that downward correction is possible. My advice is to watch […]

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  • Ichimoku indicator analysis of gold for May 18, 2017

    GOLD price has reached our target of $1,250-60 as we mentioned in our recent posts since price was trading just above $1,215. Now it is time for a pullback as price has reached important resistance levels. A shallow retracement will be a bullish sign. A sharp decline could be the start for a final decline […]

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  • Analysis of Gold for May 17, 2017

    Recently, GOLD has been trading upwards. As I expected, the price tested the level of $1,248.84. The price is heading higher since the breakout of a flat base in the background. My advice is to watch for buying opportunities. The upward target is set at the price of $1,264.50 (Fibonacci retracement 61.8%). Resistance levels: R1: […]

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  • Ichimoku indicator analysis of gold for May 17, 2017

    Short-term trend has changed to bullish in GOLD as price has broken out of the 4-hour cloud resistance as expected. Gold price is approaching our target area of $1,250-60 where the important medium-term resistance is found. Blue lines – bearish channel (broken) Gold price is breaking out above the Ichimoku cloud on the 4-hour chart. […]

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  • Daily analysis of Gold for May 16, 2017

    Overview The GOLD price keeps its stability above 1,229.32 levels and above the correctional bearish trend resistance keeping the bullish trend active for today. The price is likely to test 1,254.56 levels initially. A breach of this level will open the way to head towards 1,295.37 as the next main station. Therefore, we will continue […]

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  • Daily analysis of Silver for May 16, 2017

    Overview The Silver price settles above 16.56 levels. The 16.80 barrier is still forming an obstacle against the price attempts to rise, while stochastic attempts to get rid of its negativity and gain the positive momentum on the four-hour time frame. Therefore, the bullish trend scenario will remain suggested in the upcoming period unless breaking […]

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  • Analysis of Gold for May 16, 2017

    Recently, GOLD has been trading upwards. As I expected, the price tested the level of $1,237.34. Anyway, I still epxect higher price. Today I found an open and dive type of trading, which is a bullish session type. In the background, I found a broken trading range, which is another sign of strength. The price […]

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  • Ichimoku indicator analysis of gold for May 16, 2017

    GOLD price is trading in a neutral zone inside the 4-hour Kumo. Trend has changed to neutral and price has bounced as we expected from the support area of $1,210-20. Blue lines -bearish channel Gold price has broken out of the bearish channel. Short-term resistance is at $1,242 and next at $1,250-60. As long as […]

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  • Analysis of Gold for May 15, 2017

    Recently, GOLD has been trading sideways at the price of $1,228.00. According to the daily time frame, I found a broken sideways range today, which is a sign that selling looks risky. I also found hidden bullish divergence on the 2-period rate of change, which is another sign of strength. My advice is to watch […]

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  • Ichimoku indicator analysis of gold for May 15, 2017

    GOLD price as expected has bounced off the $1,210-20 support area and is breaking out of the bearish channel. Price could make a pullback early this week and provide a double bottom but overall I’m pretty confident the bounce towards $1,250-60 has started. Blue lines – bearish channel Gold price is trading below the 4-hour […]

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  • Daily analysis of Gold for May 12, 2017

    Overview GOLD price is fluctuating near the initial resistance of 1,229.32, which is met by the EMA50 to add more strength to it, while stochastic is approaching from the overbought areas now. Therefore, these factors encourage us to expect the bearish trend in the upcoming sessions. The first target is represented by testing 50% Fibonacci […]

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  • Daily analysis of Silver for May 12, 2017

    Overview Silver price breached the minor bearish channel resistance, which might push the price to test the key resistance ceiling at 16.56 before turning back to resume the bearish trend again. As we notice the EMA50 keeps putting downward pressure on the price, while stochastic reaches the thresholds of the overbought areas. Therefore, we will […]

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  • Ichimoku indicator analysis of gold for May 12, 2017

    GOLD price is bouncing and trying to break out of the bearish channel. Trend remains bearish as price is below the 4-hour Kumo. Important resistance levels ahead at $1,245 and at $1,260 must be broken so that the bullish scenario of $1,300-$1,400 is realized. Blue lines – bearish channel Gold price is breaking above the […]

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