Gold Prices Track Rising US Bond Yields Closest Since 1987 as Government Shutdown Looms

GOLD PRICES rose against the falling Dollar but held flat or fell versus other major currencies on Friday as the US faced a possible government shutdown over lawmakers’ failure to agree a 2018 budget.   Asian and European stock markets shrugged off last night’s drop in New York stocks but major government bond prices slipped […]

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Trading plan for 19/01.2018

Yields of 10-year US Treasury Bonds are rising towards four-year highs, but this does not help the US Dollar, as the risk of a government shutdown threatens investors. The stock market in Asia drifted close to the Thursday reference point. GOLD is higher a little, Crude Oil is losing 1.3%. On Friday 19th of January, […]

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Trading plan for 18/01/2018

The Asian part of the session was marked by the growing US Dollar weakness across the board. Only the Canadian Dollar was behaving relatively neutral to USD and finished the night at -0.1%, and that was only because of comments made by Donald Trump about the renegotiation of NAFTA decisions. The Reuters agency clearly draws […]

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Ichimoku cloud indicator analysis of gold for January 18, 2018

The GOLD price is making lower lows but Ichimoku cloud trend remains bullish as price remains above the 4hour cloud. Key technical and cloud support remains at $1,309 and as long as we are above it, the trend remains bullish. Red lines – bearish divergence signs Green line – support trend line Short-term support is […]

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Four drivers of gold growth

Precious metals became the main beneficiary of the weakness of the US dollar. The impressive growth of the world economy allowed palladium to hit record highs near $1,140 per ounce. From the beginning of the year, platinum added almost 8% and is one of the leaders of the commodity market. GOLD managed to break through […]

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Daily analysis of Gold for January 17, 2018

Overview This week, GOLD price hit a high at 1,344.70. At present, the metal is showing a slight bearish bias from there. Please note that stochastic is still providing positive signals on the intraday time frames, while the EMA50 continues to carry the price from below. Therefore, we keep our bullish overview on the intraday […]

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Daily analysis of Silver for January 17, 2018

Overview Silver price bounced upwards clearly after a decline yesterday as the EMA50 managed to protect the price from suffering more losses. Now, the price is on track to the key resistance of 17.43 again. Therefore, our bullish outlook remains valid for the short term. Please note that breaching the mentioned level will push the […]

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Global macro analysis for 17/01/2018

On Tuesday, after the three-day weekend, American investors returned to markets. They did not have much information on which to base the index movement as there was no reaction after the publication of the January NY Empire State Index data, but let us note that the index was 17.7 points while the market participants expected […]

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Analysis of Gold for January 17, 2018

Recently, GOLD has been trading sideways at the price of $1,337.00. According to the 30M time – frame, I found that price rejected of the pivot support at $1,332.00, which is a sign that selling looks risky. I also found positive readings on MACD oscillator, which is another sign of strength. Short-term trend is still […]

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Technical analysis of gold for January 17, 2018

GOLD price has pulled back from its recent highs at $1,344 as the bearish divergence signs suggested it would. It now remains to be seen how deep this pull back will be. Short-term trend remains bullish as long as price is above $1,309. Red lines – bearish divergence signs Green line – support Short-term support […]

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Brent fell under the fire of OPEC

It happened! What seemed like an impossible dream six months ago, managed to come true. “Bulls” in the North Sea grade tested a psychologically significant level of $70 per barrel, although they could not gain a foothold above it on the first attempt. Will they reach it the near future? On one hand, looking at […]

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Daily analysis of silver for January 16, 2018

Overview Silver price settles near the key resistance at 17.43, and we are still waiting to breach this level to confirm extending the bullish wave towards our next target at 18.30, reinforced by the positive signal that appears on stochastic. In general, we suggest continuation of the bullish trend domination in the upcoming period unless […]

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Trading plan for gold and silver for January 16, 2018

Technical outlook: We have presented a weekly chart to represent a multi year consolidation of GOLD prices. It began in November 2015 with lows at $1,047.00 and has unfolded into 5 waves within a contracting triangle, with each wave sub dividing into 3 waves a-b-c as labelled here. The triangle might be terminating into its […]

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Trading plan for 16/01/2018

Early Tuesday trading brings a calm trade on the Forex market, which especially for USD means stopping the sell-off. Some timid corrections are seen for USD/JPY and NZD/USD, and the rest of the crosses are practically standing still. The stock market is climbing higher. GOLD and Crude Oil are stable. On Tuesday 16th of January, […]

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Technical analysis of gold for January 16, 2018

GOLD price is trading near its 4-month highs and below long-term resistance of $1,350-60. A rejection at current levels could push price towards $1,290 or even towards $1,270 if the first support fails to hold. Trend is bullish. Gold price is making higher highs and higher lows. Trend is bullish as price is above the […]

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Bond Yields Up, Gold Price Up?!

The end of days hits New Year 2018…   GOLD PRICES have jumped over 8% from this point last month, says Adrian Ash at BullionVault.   At the same time, major government bond prices have dropped as 2018 gets started, pushing up the yield offered to new buyers.   Bond yields up, gold up?   […]

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Technical analysis of EUR/USD for January 15, 2018

Overview: The EUR/USD pair broke resistance which turned into strong support at the level of 1.2204 last week. Moreover, it should be noted that the weekly support is seen at 1.2058. The level of 1.2058 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength […]

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Trading plan for 15/01/2018

The US dollar is losing ground, not convincing anyone with strong economic data. EUR/USD remains strong above 1.22. The stock market is dominated by the greenback. GOLD broke over 1,340 USD / oz. In addition, it is expected to be a quiet start to the week as the US celebrates Martin Luther King’s Day. On […]

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Technical analysis of gold for January 15, 2018

The GOLD price is making new highs. The trend is clearly bullish. Gold has broken out of a consolidation range of $1.326-$1.305 and is testing the long-term resistance at $1,350. Orange rectangle – consolidation range Red line – short-term trend line support The consolidation range is now important support for the Gold price. As long […]

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2018: The Wrong Lesson on Gold Investing

GOLD investing can wait ’til the crash. Right…?   SO EVERYONE thinks the stock market is about to pull back or even crash, but no one is doing a damn thing about it, writes Adrian Ash at BullionVault.   “Many clients we meet are fully invested bears,” reports ever-bearish strategist Albert Edwards at SocGen, “nervously […]

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Daily analysis of Gold for January 12, 2018

Overview GOLD price provided clear positive trading to move away from the key support 1,321.49. This supports the continuation of our bullish outlook for the rest of the day. The metal finds continuous positive support by the EMA50. Let me remind you that our next main target is located at 1,357.53, while holding above 1,321.49 […]

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Daily analysis of Silver for January 12, 2018

Overview Recent trades with Silver are confined within a bullish flag pattern that appears on the chart. This means that breaching 17.15 will activate the positive effect of this pattern and push the price to continue the main bullish trend. Therefore, we believe that the chances are valid to rise even higher in the upcoming […]

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Analysis of gold for January 12, 2018

Recently, GOLD has been trading upwards. The price tested the level of $1,333.15. According to the 4H time frame, I found a broken 7-day rectangle, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward projcted targets for the rectangle pattern are set at $1,341.00 […]

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Trading plan for 12/01/2018

A calm night passed on the Forex market with little change, though trends from Thursday have been sustained. EUR/USD approached 1.2065, supported by hawkish mentions in minutes of the ECB. USD remains in the middle of the area, modest increases are recorded by EUR, SEK, and GBP; on the other end are AUD, CAD, and […]

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Technical analysis of gold for January 12, 2018

GOLD price made a new higher high overnight. Trend remains bullish. Price remains supported. RSI is diverging. Bulls remain in control of the trend. Red lines -bearish divergence signs Gold price has short-term support at $1,316 and resistance at $1,330.50. I’m still bearish but price does not follow my view. Price remains supported above the […]

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