Recently, the Gold has been trading downwards. The price tested the level of $1,215.40. Anyway, according to the M30 time frame, I found a potential end of the downward movement. The price stopped exactly at the yesterday’s level of $1,215.40, which is a sign that selling looks risky. My advice is to watch for potential […]
Trade tension is the main topic in the first hours of Thursday’s trade. In the currency market, this means a strengthening of the USD, although it also initiates the realization of profits from recent increases in USD / JPY. The stock market in China drops almost -3.0%. Demand for gold is small, while oil is […]
As assumed by economists of large financial institutions and predicted the vast majority of analysts, during the August monetary policy meeting, the Federal Open Market Committee (FOMC) decided to keep the federal funds rate within a fixed range of 25 basis points (1.75% -2%). In the content of the monetary policy statement, only slight changes […]
July was the fourth consecutive month of gold closing in the red zone. The precious metal has not faced such a protracted peak since 2013. The US economy and the aggressive monetary tightening of the Fed, which gained under the influence of the fiscal stimulus, dealt a serious blow to the positions of the bulls […]
GOLD PRICES began August dead-flat from last week’s finish against a falling US Dollar on Wednesday in London, while world stock markets slipped before the latest interest-rate decision and statement from the Federal Reserve. China’s main indices led the drop in global equity prices, losing 2% for the day as Beijing said it won’t […]
Weaker data from China and leaks from the White House regarding customs duties on Chinese goods set the climate at the start of Wednesday’s listing. NZD is worst despite good data from the labor market. The surprising increase in crude oil inventories in the API report is at the WTI price. The stock market in […]
The market is convinced that the Fed will raise interest rates eighth time in the cycle and the third this year at the meeting, which is scheduled for 26 September. Today’s meeting will not bring change in policy parameters and would normally not be absolutely controversial. It would not wake up if it were not […]
Due to Saudi Arabia’s export problems in the Red Sea and information about the previous later than anticipated recovery times in the North Sea, oil was able to lick some of the wounds received in July. Brent and WTI close the month in the red zone amid a strong dollar, growing risks of slowing global […]
Forecast for July 31: Analytical review on the scale of H1: According to Gold, the key levels on the scale of H1 are: 1250.88, 1242.62, 1239.59, 1235.48, 1229.05, 1220.96, 1218.14 and 1213.01. Here, we follow the formation of the upward structure of July 19. The continued upward movement is expected after the breakdown of 1229.05. […]
GOLD PRICES fell below $1220 for the fourth time in a fortnight in London trade Tuesday, hitting new 30-month lows for Euro investors at €1038 as the Bank of Japan sparked volatility on the currency markets by tweaking its “continuous…powerful” QE money creation and asset-purchase program. Vowing to suppress short- and long-term interest rates […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,217.00. According to the H1 time – frame, I found a potential end of the upward correction (abc flat) in the background, which is a sign that sellers are in control. I also found lower lows and lower highs, which […]
The dollar remains stable to other major currencies. The exception is AUD, which grows 0.3%, to 0.7430 and USD / JPY, which rises 0.2%, to 111.25. There are mixed moods on the stock market. Shanghai Composite gently reflects, by 0.2 %, while Hang Seng falls by almost 0.5%. Nikkei225 is still looking for direction. Over […]
Currently, a wave of different opinions passes through the cryptocurrency ecosystem. Fund managers and institutional investors are once again talking about what they think will happen to Bitcoin, altcoins and the entire Blockchain ecosystem. In an interview with Bloomberg, the founder and CIO of Miller Value Partners, Bill Miller, positively assessed Bitcoin, describing it as […]
Trading plan for 30/07/2018: The new week starts with stable trade, as investors wait with patience for key events and decisions of central banks, and the end-of-month vision also inhibits shopping incentives. USD is in the middle of the rate with the strongest NZD and the weakest AUD, CAD – real proof of the lack […]
GOLD PRICES dropped back on Monday morning in London ahead of several key central bank meetings this week, writes Steffen Grosshauser at BullionVault. Rumors in Tokyo say the Bank of Japan may ‘tweak’ its QE asset purchase scheme Tuesday. Supported by last week’s strong US GDP data, the Federal Reserve is then expected […]
Recently, the Gold has been trading sideways at the price of $1,221.25. Anyway, according to the H1 time – frame, I found breakout of upward trendline and successful re-test after the breakout, which is a sign that sellers are in control. I also found a potential end of the upward correction (ABC flat) in the […]
GOLD PRICES popped $5 but held on track for the 7th weekly drop in 9 against the Dollar on Friday after new US data matched analyst and President Trump’s forecasts with the fastest GDP growth since 2014. Falling within $6 of last week’s 1-year low at $1211.89 this morning in London, gold prices then […]
Recently, Gold has been trading downwards. The price tested the level of $1.218. According to the H1 time – frame, I found ф breakout of the bearish flag pattern and the major upward trendline in the background, which is a sign that buying looks risky and that sellers are in control. My advice is to […]
The Gold price remains trapped inside the wedge pattern. The price got rejected at the $1,230-35 resistance area and is now challenging short-term support at $1,220-17 area. A break below this area will open the way for a push lower towards $1,200-$1,180. A break above $1,235 will open the way for a move towards $1,245-50. […]
SILVER slipped with other precious metal prices on Thursday in London, holding firmer than gold but weaker than platinum as Eurozone stock markets rose following US President Trump’s positive trade meeting with European Commission chief Juncker, plus a “no change” decision from the European Central Bank. Trump overnight claimed his meeting with the EC […]
Recently, the Gold has been trading downwards. The price tested the level of $1,226.53. According to the M30 time frame, I found a successful breakout of the support at the price of $1,227.00. I also found a confirmed hidden bearish divergence on the LBR oscillator, which is a sign of weakness. My advice is to […]
The Gold price remains inside the downward sloping wedge pattern. The price is right below critical wedge resistance at $1,230-35 area. Only a break above this level will give us a bullish sign that price could reach next resistance level of $1,245-50. Black lines – wedge pattern Red line – bullish divergence Blue line – […]
On the yesterday’s afternoon, the global investors got to know the reports of the American Energy Information Administration (EIA) regarding crude oil inventories. After an increase in inventories by 5.836 million barrels last week, this time the consensus assumed a decline of 2.600 million barrels. The final reading, however, indicates a much larger drop in […]
GOLD PRICES recovered or rose above last week’s closing level in terms of all major currencies on Wednesday, touching $1232 per ounce as the US Dollar slipped on the FX market and European equities fell ahead of Donald Trump’s meeting on trade with Jean-Claude Juncker. “I have an idea,” tweeted the US President over […]
Gold price started the day yesterday by falling below $1,220 only to gradually get back above it and test the short-term resistance of $1,230. The price remains inside the downward sloping wedge pattern. Black lines – wedge pattern Red line – RSI bullish divergence Gold price has short-term resistance at $1,230 and next at $1,235. […]
Analytical review of Gold. According to Gold, the upward structure of July 19 is considered as a large initial condition. The continued upward movement is expected after the breakdown of 1229.63 July 24 – 25. The level of 1218.15 is the key support The forecast for July 24: Analytical review on the scale of H1: […]
GOLD BULLION rallied against most major currencies Tuesday in London, recovering most of yesterday’s drop as the Chinese Yuan steadied from a new plunge on the FX market and US Dollar slipped back ahead of Donald Trump meeting the European Commission’s Jean-Claude Juncker amid the worsening ‘trade war’ spat over tariffs between the world’s two […]
Recently, Gold has been trading downwards. The price tested the level of $1,220.00. Anyway, according to the M30 time – frame, I found a breakout of well-defined bullish flag, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward target is set at the price […]
The Gold price remains inside the downward sloping wedge pattern. The Gold price got rejected at the upper wedge boundary yesterday. Black lines – bullish wedge Red line – bullish divergence The Gold price continues to make lower lows and lower highs. The trend remains bearish. Support is at $1,212 and next at $1,200. Resistance […]
Technical outlook: Gold hourly chart setups look to be poised for an extended rally towards at least $1,250.00 levels if not higher. Please note that this is just a corrective rally and not a change in trend that we are expecting. The push could also move towards $1,265.00 levels before it finds resistance as shown […]
