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Daily analysis of Gold for August 02, 2017

Overview GOLD price shows some slight bearish bias by today’s opening on its way for new retest process to the previously breached neckline of the inverted head and shoulders’ pattern that appears on the chart before resuming the main bullish trend again. In general, the bullish trend still active on the intraday and short term […]

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Daily analysis of Silver for August 02, 2017

Overview Silver price is testing the key support 16.56 now, as it found difficulty to breach the key resistance 16.80 in the previous sessions, which urges caution from the upcoming trading, as breaking the mentioned support will stop the recently suggested rise and push the price to decline towards 15.49 mainly. Until now, we will […]

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Analysis of Gold for August 02, 2017

Recently, the GOLD has been trading upwards. The price tested the level of $1,274.10. According to the 4H time frame, I found 20-day upward channel. The price successfully tested the lower diagonal of our channel, which is a sign that selling looks risky. Buyers are in control and the short-term trend is bullish. My advice […]

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Technical analysis of gold for August 2, 2017

GOLD price made a new high yesterday but prices soon after pulled back inside near the lows of the day just above $1,262. The trend remains bullish but maybe it is time for a pull back. Our short-term minimum target has been achieved. For gold to break above $1,300 we will need a pull back […]

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Technical analysis of gold for August 1, 2017

GOLD price remains in a bullish trend. In the short-term price is moving sideways in a tight range between $1,271 and $1,265. There are more chances for an upward break out and an extended to move higher towards $1,295-$1,310. Short-term support by the kijun-sen (yellow line indicator) is found at $1,257. Cloud support on the […]

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Daily analysis of Gold for July 31, 2017

Overview GOLD price resumed its positive trading affected by the previously completed inverted head and shoulders’ pattern, and the price gets continuous positive support by the EMA50, reinforcing the expectations of continuing the bullish trend on the short term basis, as our next target is located at 1295.37, while the full target of the mentioned […]

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Daily analysis of Silver for July 31, 2017

Overview Silver price keeps its stability above 16.56 level, while it faces solid resistance at 16.80 formed by the previously broken bullish trend as appears on the chart, which means that the price needs to breach this level to ease the mission of heading towards our expected target at 17.43. In general, we will continue […]

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Technical analysis of gold for July 31, 2017

The GOLD price continues to make higher highs and higher lows above our minimum target of $1,260. The trend remains bullish. A reversal from current levels is justified. Even a pull back towards $1,240. Blue line- trend line support The Gold price is trading above both the tenkan- and kijun-sen indicators. Short-term support by the […]

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Daily analysis of Gold for July 28, 2017

Overview The GOLD price is retesting the previously breached neckline of the inverted head and shoulders’ pattern that appears on the above chart keeping its stability above it, to keep the positive effect of this pattern active, and the price gets positive support by the EMA50, while stochastic gets rid of its negative momentum gradually. […]

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Daily analysis of Silver for July 28, 2017

Overview Silver price fluctuates around the support base formed above 16.56 level after breaching it previously and keeps its stability above it until now, which keeps the bullish trend scenario valid until now, waiting to head towards 17.43 that represents the next main target. Therefore, we will continue to suggest the bullish trend for today […]

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Technical analysis of gold for July 28, 2017

The GOLD price made a new higher high yesterday and remains in a bullish trend. The Gold price is breaking above the $1,250-60 resistance area and is heading towards the long-term resistance at $1,280-90. The Gold price is trading above both the tenkan- and kijun-sen. There are initial signs of a bearish divergence but the […]

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USD, GOLD & Interest Rates: A Triangle to Watch Out For

If you spend enough time observing the market you will realize that action and reaction cause most of market movements. If you take a closer look you will see that three names seem to always appear close to each other when you read your daily market news. The US dollar, better known to traders as […]

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Technical analysis of gold for July 27, 2017

The GOLD price reversed from $1,247 support area and made a new higher high above $1,260. Our minimum target since $1,205 has been reached. A break below $1,245 confirms the upward move is complete and correction will have started. Red rectangle – support Blue trend line – support The Gold price remains in a bullish […]

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The gold is caged

Having completed the week ending July 21 with the best results for the last two months, GOLD began to retreat amid rising yields on Treasury bonds and positive statistics on business activity and consumer confidence in the US. This recent successes are connected to the deteriorating political landscape in the United States, the fall of […]

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Technical analysis of gold for July 26, 2017

The GOLD price got rejected just below the $1,260 level yesterday and has pulled back towards $1,245. Support is critical now at $1,243-$1,237 and if this level is broken we should expect a move at least towards $1,227. Red rectangle – support area Blue trend line – support The Gold price remains in a bullish […]

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Daily analysis of gold for July 25, 2017

Overview GOLD price managed to close the daily candlestick above $1,254.56 level which is a positive factor that supports extending the bullish wave in the upcoming period. Besides, the stochastic reached the oversold areas’ thresholds, waiting to motivate the price to continue rising today. Therefore, these factors encourage us to continue suggesting the bullish trend […]

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Daily analysis of Silver for July 25, 2017

Overview The Silver price did not show any strong moves yesterday fluctuating within a tight track confined between the key levels represented by the 16.20 support and the 16.56 resistance. We are waiting for a breach of these levels to detect the next trend clearly, until then we remain neutral. We remind you that a […]

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Technical analysis of gold for July 25, 2017

The GOLD price is consolidating near its highs. It is very possible that we might see a move above $1,260 soon for a final new high of this move that started at $1,205. Gold bulls must be very cautious as a pull back is justified from current levels. Blue lines – bullish channel The Gold […]

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Technical analysis of gold for July 21, 2017

GOLD price held the $1,235 support yesterday and has broken to new short-term highs. Price is trading just below $1,250 and our target of $1,260 is very close. Trend is bullish. Gold price is trading above both the tenkan- and kijun-sen indicators. Trend is bullish in the 4 hour chart. Price held above short-term support […]

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Daily analysis of Gold for July 20, 2017

Overview GOLD price has settled around 1,240.00 level, and the price might be forced to show more sideways fluctuation until stochastic manages to get rid of its negativity and gain enough positive momentum to continue the bullish trend. The bullish scenario is still valid and active as long as the price is holding above 1,229.32. […]

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Daily analysis of Silver for July 20, 2017

Overview Silver price made some bullish efforts yesterday, heading towards our first main target at 16.56. Please note that stochastic negativity that is clearly seen now might cause temporary sideways fluctuation before a further rise. In general, we will keep our bullish scenario conditioned by holding above 15.49 level. Please be aware that breaching 16.56 […]

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Technical analysis of gold for July 20, 2017

GOLD price has stopped its rise at the short-term resistance level of $1,245. Gold price might pull back even further towards $1,230 if $1,235 is broken but overall I remain bullish looking for a move towards $1,260 at least. Gold price is trading above the 4-hour Kumo (cloud) and the kijun-sen indicator (now at $1,229). […]

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Gold Deceived Speculators

Moderately pigeon rhetoric Janet Yellen, disappointing statistics on US inflation and retail sales, which is the first time since 2010, China’s GDP growth of 6.9% in the second quarter and the closure of short positions were the main factors of the GOLD futures rebound from support level at $ 1205 per ounce. The key driver […]

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Technical analysis of gold for July 19, 2017

GOLD price made new highs yesterday. Short-term trend is bullish. We could see a pullback towards $1,230 but overall I’m expecting a move towards $1,260 at least. Blue lines – bearish channel Gold price is trading above the 4-hour Kumo (cloud). Support is at $1,230. Resistance is at $1,250-60. Gold price could see $1,230 if […]

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Technical analysis of gold for July 18, 2017

The GOLD price is in a short-term bullish trend targeting $1,260. Today we may see a pull back towards $1,230 but I believe this will only be a back test of the breakout. I remain short- and long-term bullish. Blue lines – bearish channel The Gold price has broken out of the bearish channel and […]

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Daily analysis of Gold for July 17, 2017

Overview GOLD has been trading higher since the start of this week. The metal has been able to breach 1,229.32 level and hold above it, which supports the outlook for a further bullish wave on the short-term basis. This opens the way to head towards 1,254.56 that represents our next main target. The price gets […]

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Daily analysis of Silver for July 17, 2017

Overview Silver price bounced bullishly after 15.65 and has been trying to hold against the recent dip moves. Now the price is heading towards our first target at 16.56. The price is supported by the rise that appears on stochastic. Therefore, our positive overview will remain valid and active in the upcoming sessions conditioned by […]

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Technical analysis of gold for July 17, 2017

The GOLD price as we expected has broken out of the bearish short-term channel. The trend has reversed to bullish and my minimum expected target is at $1,260 this week. There we could see a pull back but overall I believe a larger degree move higher has started. Blue lines – bearish channel The Gold […]

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Daily analysis of Gold for July 14, 2017

Overview The GOLD price settles around 1,214.30 level, and stochastic managed to reach the oversold areas, to form positive factor that we expect to assist to push the price to rebound bullishly and resume the bullish bias again, waiting to visit 1229.32 level initially. Therefore, we will continue to suggest the bullish trend in the […]

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Daily analysis of Silver for July 14, 2017

Overview The Silver price shows some bearish bias to approach from testing the key support 15.49, and the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, as breaking this level will put the price under the negative pressure again, and it might head to visit […]

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