Global macro overview for 20/11/2017

It looks like this week’s most important event is Thursday’s Thanksgiving Day in the US, which has implications for the global market. The week will be shorter, so traders and investors in the US will leave for home early. This situation would mean a lack of incentives to play long-term subjects, and even short-term speculation […]

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Daily analysis of Gold for November 20, 2017

Overview GOLD price succeeded to reach our first expected target at 1,299.20, showing that a slight bearish bias is now affected by stochastic negativity. The metal is waiting to gain enough positive momentum to push the price to breach the mentioned level and open the way towards 1,321.50 that represents our next main target. In […]

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Daily analysis of Silver for November 20, 2017

Overview Silver price succeeded to reach our first target at 17.43, reinforcing the expectations of a further bullish trend on the intraday- and short-term basis. We are waiting until this level is breached to confirm that the bullish wave is extended towards 18.30. Please be aware that the EMA50 provides the positive support to the […]

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Trading plan for 20/11/2017

Trading plan for 20/11/2017: The new week starts with the Euro depreciation in response to overnight reports from Germany about the break of coalition talks.The press service has concluded that the impasse in the talks could lead to accelerated choices. EUR/USD lost at the start of 50 pips and dropped to 1.1730. On the other […]

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Wave analysis of gold for November 20, 2017

The GOLD price has once again reached the upper boundary of the short-term trading range it is in since late October. The price action, however, does not look impulsive so far as the form of the rise is full of overlapping three-wave structures. This implies that this upward move is part of a bigger downward […]

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Brexit, Gold and Harold Wilson’s ‘Pound in Your Pocket’, 50 Years On

How the 1967 devaluation of Sterling killed the GOLD Standard…   THIS WEEKEND will mark 50 years since Harold Wilson’s infamous devaluation of Sterling, writes Adrian Ash at BullionVault.   Hoping to cut the trade deficit by making imports dearer and exports cheaper, the Labour prime minister claimed that the “Pound in your pocket” hadn’t […]

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Global macro overview for 17/11/2017

The US Industrial Production jumped a solid 0.9% in October as factory activity recovered from the impact of Hurricanes Harvey and Irma (consensus: 0.5%). New light for the expected growth rate for the fourth quarter threw a massive jump in factory production (1.3% m/m, consensus: 0.6%) which was recorded at its seven-year high. Mining activity […]

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Global macro overview for 17/11/2017

Interesting comments from Mario Draghi has hit the newswires. Mario Draghi, the president of the ECB, points out in his speech at the Frankfurt European Banking Congress “Europe into a New Era – How to Seize the Opportunities” that a change in the pace of buying-in is signaling an inevitable end to European slack. In […]

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Ichimoku indicator analysis of gold for November 17, 2017

GOLD price continues to trade sideways. Trend remains neutral as Gold price is moving above and below the Ichimoku cloud in an overlapping structure. Gold price is vulnerable to the downside but I remain longer-term bullish. Blue lines – sideways channel Gold price is above the Ichimoku cloud. However this does not give us a […]

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Gold Price Flat as Half-Billion Da Vinci Sale Sees Stocks and Junk Bonds Rally

GOLD PRICES edged back up to $1280 per ounce on Thursday in London as world stock markets rose for the first session in six.   With gold prices trading just $10 per ounce above the 13-week closing low of week-ending Friday 3 November, so-called “junk bond” prices also rallied with equities.   US corporate bonds […]

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Trading plan for 16/11/2017

Sentiment on Thursday looks a bit better than yesterday and risk aversion was slightly forgotten during the Asian part of the trading session. Stock markets and Oil are slowly climbing up, better off the emerging markets currency. Among the main currencies is quite calm. EUR/USD is stopped at 1.1800 and USD/JPY is trading at 113. […]

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Ichimoku indicator analysis of gold for November 16, 2017

GOLD price re-tested the important resistance of $1,283-88 but got rejected once again. Despite Dollar’s weakness, Gold did not break above the resistance. This was a bearish sign. The other bearish sign we noted yesterday was the form of the rise from $1,262 that was not an impulsive, but overlapping corrective structure. This increased the […]

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Gold emerges from sleep mode

The problems surrounding the tax reform and the related weakness of the US dollar allowed “bulls” for the XAU/USD to go into a counter-attack. GOLD enjoys an increased demand for safe-haven during conditions when the risks of correction of the S&P 500 significantly grows. Indeed, the desire of Senate Republicans to connect its plan of […]

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Tulips, Railways and Why We Don’t Take Bitcoin

Not stocks, bonds, seashells or Yap stones either…   ONE KEY requirement of money, writes Adrian Ash at BullionVault, is that it doesn’t drop 27% of its purchasing power inside 4 days…   …only to regain all that drop again in the following 72 hours.   This kind of hyper-volatility signalled the death of the […]

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Gold Prices Hit 4-Week Dollar High as Stocks Fall from ‘Irrational Exuberance’

GOLD PRICES jumped to 4-week highs against a weakening US Dollar in London trade Wednesday lunchtime, reaching $1288 per ounce as world stock markets followed Wall Street lower for the 5th session running.   New data today showed US inflation holding at the Federal Reserve’s 2.0% annual target in October, while retail sales rose 4.6% […]

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Trading plan for 15/11/2017

Risk aversion continues to increase. Particularly clear is the pressure on commodity markets. In addition, there is a lot of doubt about the reform of the US tax system. EUR/USD after yesterday 1.0% shot to 1.18 remains close to this barrier. USD / JPY is heading towards 112.94, which cannot be surprising, as the Asian […]

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Ichimoku indicator analysis of gold for November 15, 2017

GOLD price continues to trade above the 4 hour Ichimoku cloud. Trend is bullish in Ichimoku terms, but price is mainly moving sideways and has not yet convincingly broken above the critical short-term resistance. Blue lines – sideways channel Short-term support is at $1,278 and resistance at $1,288. Price is trading above the 4 hour […]

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Analysis of Gold for November 14, 2017

Recently, GOLD has been trading downwards. As I expected, the price tested the level of $1,270.00. According to the 30M time – frame, I found broken bearish flag in the background, which is sign that buying looks risky. I also found successful testing of supply trendline (downward channel), which is another sign of weakness. My […]

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Trading plan for 14/11/2017

The major currencies consolidate on Tuesday, with the exception of the NZD, which loses for no apparent reason. USD/JPY reached 113.60, the EUR/USD hit 1.1670. Pound managed to pull back after Monday due to political factors, although today in the morning we can see a return of pressure and the GBP/USD down to 1.31. Outside […]

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Gold Prices Bounce from Comex Sell-Off as Fed Looks to 3x Rate Hikes in 2018

GOLD PRICES traded in a narrow $5 range above last week’s close on Monday morning in London as expectations held firm for a US Fed rate hike next month and the British Pound dropped amid fresh doubts over Prime Minister Theresa May’s leadership, writes Steffen Grosshauser at BullionVault.   Gold prices climbed to $1279 per […]

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Analysis of Gold for November 13, 2017

Recently, GOLD has been trading sideways at the price of $1,277.45. According to the 30M time – frame, I found broken intraday bearish flag below the pivot level ($1,278.75), which is a sign that buying looks risky. I also found a hidden bearish divergence on the stochastic oscillator, which is another sign of weakness. My […]

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Global macro overview for 13/11/2017

The Federal Budget Balance data measures the difference in value between the federal government’s income and spending during the previous month. The October budget statement from the Treasury will mark the beginning of the fiscal year 2018. During the fiscal year 2017, the budget deficit increased to $666 bn, from $586 bn during the previous […]

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Trading plan for 13/11/2017

Monday’s opening brings the sale of the British Pound under the influence of the weekend press. The Nikkei225 marks a sudden drop, pulling in USD/JPY and giving a negative signal to the markets in Europe. The fall on the Japanese stock exchange woke up the GOLD bears. The ounce price rises to $1,277 from $1,273 […]

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Ichimoku indicator analysis of gold for November 13, 2017

GOLD price made a sharp reversal on Friday getting rejected once again at the $1,283-88 resistance area and where we also warned that the important 61.8% Fibonacci retracement was. Price has now tested the Ichimoku cloud support and is bouncing. Gold has pulled back towards the 4 hour Kumo support and holds above it. Price […]

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Ichimoku indicator analysis of gold for November 10, 2017

GOLD price is trading around its important short-term resistance area of $1,283-87. There is no clear break out above the resistance area as price has stuck around here. There are some Fibonacci retracement resistance levels here that are important and should not be ignored. Gold price is trading above the 4-hour Ichimoku cloud. Cloud support […]

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