The Japanese Financial Services Agency (FSA) issued orders to improve the business of the twelve national cryptographic exchanges. One of the main concerns of FSA is the compliance of exchanges with Anti-Money-Laundering (AML) requirements. Inspections carried out by the agency revealed that several cryptographic exchanges do not apply sufficient Know-Your-Customer (KYC) controls to confirm the […]
Gold price made a new short-term lower low yesterday still above $1,290 but did not break above resistance. Price remains under pressure and as long as price is below $1,300-$1,310 there will be a danger of seeing $1,280 or lower again. Yellow line – medium-term resistance Green lines – targets Red lines – extension targets […]
As seen on the 4 hour chart, gold is moving in a bearish bias. The precious metal is moving in a down slope channel. In a few days ahead, as long as gold does not break out and close above the 1,304.93 level, it will likely test the next support level at 1,281.57. The material […]
GOLD and SILVER PRICES rose against a weakening US Dollar in London trade Monday, rallying to $1298 and $16.55 per ounce respectively as China and European leaders repeated their challenge to President Trump’s imposition of trade tariffs. Beijing also hit back this weekend over the European Commission lodging a complaint with the World Trade […]
Recently, the gold has been trading downwards. The price tested the level of $1,293.00. According to the H1 time frame, I found a potential end of the downward correction phase (abc), which is a sign that selling looks risky. I also found a broken intraday supply trendline, which is a sign of strength. My advice […]
Financial media reports that Estonia withdrew its plan to issue the national cryptocurrency of Estcoin after criticism from the President of the European Central Bank, Mario Draghi, and local banks. Managing director of the Estonian e-residency program, Kaspar Korjus, proposed the creation and release of Estcoin in August last year. In addition to becoming the […]
Gold price was unable on Friday to break above the medium-term resistance of $1,305 and pulled back below $1,300 towards $1,290. We continue to consider this pull back as a buying opportunity and that Gold will eventually and most probably this week break higher towards $1,310-20. Yellow line – medium-term resistance Red lines – extension […]
GOLD PRICES fell hard Friday in London, retreating beneath this week’s previous lows for Dollar investors after new US jobs data smashed analyst forecasts. Gold priced in the US Dollar fell to $1282 per ounce – just $10 above last week’s new 2018 lows – as the UK gold price in Pounds per ounce […]
Wave picture of the chart D1: Quotations of gold since December 2016 keep a steady vector on the “north” of the chart. The current wave formed the final part (C) in a larger-scale wave model and is not yet completed. The wave pattern of the graph H1: The price has formed a bearish zigzag since […]
Gold price remains near key resistance of $1,305. Every time Gold tried to break above the resistance it got rejected. Will the NFP announcement today provide the necessary boost for a break above resistance and finally a move towards $1,320-30? I believe so. Blue horizontal line -short-term resistance Yellow line – medium-term resistance Purple line […]
The Central Bank of Russia has published a report stating that cryptographic assets do not threaten global financial stability, because the global volume of cryptographic transactions is very low. The research paper states that instead of the term “cryptocurrency”, the Financial Stability Board proposes to use the term “crypto assets”, which can be considered as […]
GOLD BAR prices slipped against all major currencies in London’s wholesale market on Thursday as solid US data followed a rise in Eurozone consumer-price inflation, and Italian bonds rallied for a second day, pulling borrowing costs lower again from Tuesday’s spike to 5-year highs as the Eurosceptic M5S and Lega coalition worked to form a government. […]
Singapore’s Monetary Office (MAS), the de facto central bank of a city-state, proposes changes to existing laws that would facilitate the entry of decentralized Blockchain-based exchanges. According to the published document, MAS claims that the current, single-level legal framework of “recognized market entities” (RMO) is not able to meet the demand for new business models […]
Gold price is ready for a move higher towards $1,320-$1,330. It is breaking above the medium-term resistance trend line and should rally for at least a few days. I remain bullish on gold. Purple line – short-term support Yellow line – medium-term resistance Green horizontal lines – targets Gold price is moving above the yellow […]
Forecast for May 30: Analytical review on the scale of H1: For Gold, the key levels on the H1 scale are: 1316.66, 1311.26, 1308.97, 1305.28, 1302.58, 1295.70 and 1288.63. Here, the price is in deep correction from the upward structure of May 21. The continuation of the price movement towards the top is expected after […]
Try none of the above vs gold… ITALY proves yet again how a true crisis strikes, writes Adrian Ash at BullionVault. Very, very slowly…and then all of a sudden at once. “We were not in the midst of a sovereign debt crisis, Brexit, subprime etc,” tweets Democratic Party politician and former economic […]
The euro/dollar pair yesterday tested multi-month lows: the last time the price was in the level of the 15th figure was in November last year. The european currency has entered the zone of turbulence and almost recoilless fall across the market. Moreover, the problems are growing like a snowball: now the focus of attention of […]
Gold shows mixed dynamics amid the interaction of many “bullish” factors with a strong US dollar. The fastest decline in the yield of 10-year Treasury bonds since mid-2016, the fall in the likelihood of four federal funds rate hikes in 2018 from more than 50% to 23%, a correction in the US stock market and […]
GOLD PRICES rose back above $1300 per ounce in London trade Wednesday as the Dollar retreated from this week’s jump on the FX market after US data came in weaker than expected and European markets rallied from Italy’s political sell-off. Ahead of Friday’s official non-farm payrolls estimate for May, today’s private-sector ADP report said […]
Two Russian financial institutions are to test the regulatory platform, which aims to make national ICOs more transparent and safe for traditional investors. The Russian NSD (National Settlement Depository) has announced that it is working with Sberbank CIB to test the ICO emissions platform launched in April by the Bank of Russia. According to the […]
The night on the currency market was quite calm as none of the major currencies changes the value to USD by more than 0.2. EUR/USD challenges the support zone around the October minimum, USD/JPY fights to preserve the growth structure by defending support 108.50-70. In the stock markets very negative moods. Yesterday on Wall Street, […]
Gold price is still inside the bearish channel in a bearish Daily trend as price remains below the Daily Kumo (cloud). Gold price showed some strength signs yesterday but bulls were not able to break out and above the bearish channel. Breaking above $1,305-$1,307 will open the way for a bigger bounce towards cloud resistance […]
Forecast for May 30: Analytical review on the scale of H1: For Gold, the key levels on the H1 scale are: 1316.66, 1311.26, 1308.97, 1305.28, 1302.58, 1295.70 and 1288.63. Here, the price is in deep correction from the upward structure of May 21. The continuation of the movement towards the top is expected after the […]
Overview The gold price is trading downwards moving away from 1,301.20 levels, which keeps our bearish overview valid for today. Our next main target is located at 1,285.90; a breach of 1,301.20 – 1,303.80 levels will stop the expected decline and lead the price to regain its main bullish track again. The expected trading range […]
Overview The silver price shows more sideways trading, settling around 16.56 levels staying within the sideways range, which lines are represented by the 16.15 support and the 16.80 resistance. We are waiting for the price to breach one of these levels to determine the next targets clearly. To review the details of the expected targets […]
EURO GOLD prices jumped to 11-month highs as London and New York re-opened after the long holiday weekend on Tuesday, breaking above €1130 per ounce as Italy’s political mess saw Rome’s short-term borrowing costs jump to the highest since the peak of the Eurozone debt crisis in 2012. Giuseppe Conte, the chosen prime minister […]
Recently, the Gold has been trading upwards. As I expected, the price tested the level of $1,297.00. According to the H1 time – frame, I found a rejection of the support trendline, which is a sign that selling looks risky. My advice is to watch for a potential bullish flag and then for buying opportunities. […]
Gold price remains supported in the short-term despite a widespread dollar’s strength. Gold remains above $1,290 and is expected to make a new move higher at least towards $1,320-30 area. This is very important confluence area of resistance. Yellow line – resistance Purple line- short-term support Green lines – targets Gold price is making higher […]
After holidays in the USA and the UK volatility in the Asian session remained severely limited. The exception is USD/JPY, which again descended under 109.00 and again defended the support zone 108.50-70. EUR/USD remains close to the long-term hole and support around 1.1620. GBP/USD is struggling to hold at 1.33. US 10Y yields are falling […]
On Monday in the United States and Great Britain there were long weekends due to holidays. In the foreign exchange market, activity was noticeably lower than normal due to the lack of a large number of American investors and foreign investors who work through American professional market participants. But, despite this, the US dollar on […]
