Recently, the Gold has been trading downwards. The price tested the level of $1,295.00. Anyway, according to the H1 time – frame, I found a potential end of the downward correction (abc), which is a sign that selling looks risky. I also found the upward trendline on the test, which is another sign of potential […]
Gold price bounced off the support area at $1,280 but price remains inside a daily bearish channel. I feel confident that price will reverse back to the upside and move at least towards $1,315-20 area. Gold price needs to make a higher low and then break above $1,305-07 resistance area. Red lines – bearish channel […]
AUD / USD Despite the geographical distance and traditional calm of Australian investors for European events, the double political crisis in Europe, including Italy and Spain, could not help but touch Australian trading floors. The Australian dollar lost 28 points on Friday, but taking into account the fall in oil prices by 4.5%, iron ore […]
GBP / USD During the turbulent events in Spain and Italy on Friday, the dollar index increased by 0.52% which dragged the British pound down to 84 points. In the last two days, gold and oil strongly fall which also affected the dollar strengthening. On Friday, the the second assessment of UK GDP for the […]
According to the 4-hour chart, gold is still moving in the bearish bias. After the price touches the previous resistance, it seems gold now wants to try to re-test again this level again in a few days ahead if Gold does not break out and closes above the $1,305.75 level. Meanwhile, the precious metal is […]
Private gold investing sinks as stock market teeters… PRIVATE INVESTOR interest in gold has collapsed in 2018, writes Adrian Ash at BullionVault. Any dealer tells you otherwise, they’re lying. What began as a Trump slump for US gold coin sales in 2017 has now spread to retail gold bar investing demand in […]
GOLD PRICES held above $1300 per ounce in London trade Friday, erasing half of last week’s 2% drop even as the Dollar rose again on the FX market amid fresh tensions between Nato members Turkey and the US plus growing doubts over the debt stability of Italy, the Eurozone’s third largest economy. Euro gold […]
USD/JPY is expected to continue its rebound. The pair is rebounding above the key support at 109, which should maintain the buying interest. The golden cross between the 20-period and 50-period moving averages has been identified, indicating the bullish reversal. The relative strength index is bullish above its neutrality level at 50. Therefore, as long […]
Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,306.19 and reached my first yesterday’s target. According to the H1 time – frame, I still expect higher price. I found a bullish flag in creation, which is sign that sellers are still weak and that buyers may continue with […]
Gold price has bounced above $1,300 towards our first set of targets and short-term resistance levels as expected. As long as the price is above $1,280, we consider any pullback as a buying opportunity. I remain bullish Gold. Red line – short-term resistance (broken) Purple line – short-term support Blue line – bullish divergence Green […]
Gold is again in demand amid a flight from risks and a weakening of the US dollar. The instrument bounced off from its annual low and goes up, with a potential to return to the area of 1300-1302. Such dynamics contribute to the sharply clouded fundamental background for the US dollar. And although it is […]
GOLD PRICES rose within $1.10 of $1300 per ounce against a falling US Dollar on Thursday in London after yesterday saw the release of what analysts and headline-writers called “dovish” notes from the Federal Reserve’s latest policy meeting. While the Fed’s May meeting minutes showed a consensus for raising Dollar interest rates as expected […]
Recently, Gold has been trading sideways at the price of $1,295.00. According to the H1 time – frame, I found a broken downward channel in the background, which is a sign that selling looks risky. I also found a hidden bullish divergence and potential finished (abc flat correction), which is another sign that buyers are […]
The financial media reports, that India is working on legislation to ensure that cryptocurrency transactions are subject to value-added tax (GST). According to anonymous sources, the Central Council of Indirect Taxes is considering applying a 18 percent tax on foreign exchange operations, which it would perceive as “intangible assets”. “The purchase or sale of cryptocurrencies […]
AUD / USD Yesterday, the Australian dollar was down to 15 points under pressure from the US dollar. The iron ore (0.55%), copper (1.45%) and a number of other important goods for the Australian economy. While oil was declined by an average of 0.4% and gold fell by 0.35%. Completed construction work in Australia in […]
The American president showed the markets again who is the boss in the house. His tweet on Tuesday night unfolded his mood in the global financial markets. His dissatisfaction with the process of negotiations between the states and the PRC, as well as the postponement of the meeting with the leader of North Korea, made […]
Contrary to the US dollar not getting tired of gaining momentum, gold managed to push off from the five-month bottom against the backdrop of growing demand for safe haven assets. According to US Treasury Secretary Steve Mnuchin, Washington’s intention to put a trade war with China on a pause, the temporary cancellation of import duties […]
The oil market feels very confident. A barrel of Brent crude oil is traded in the area of $ 79, while WTI fluctuates around 72 points. Aggravated relations between the US and Iran, as well as the results of elections in Venezuela give impetus to oil quotes, but not all commodity currencies take advantage of […]
Recently, the Gold has been trading upwards. As I expected, the price tested the level of $1,298.00. According to the H1 time – frame, I found a broken ending diagonal in the background, which is a sign that buyers are in control. I also found a broken intraday bullish flag, which is another sign of […]
DOLLAR GOLD PRICES came within $2.25 of $1300 per ounce in London on Wednesday morning, rallying even as the US currency rebounded on the FX market ahead of today’s release of notes from the Federal Reserve’s latest meeting on interest-rate policy. That helped drive Euro gold prices back up towards early May’s 8-month highs […]
Trading plan 05/23/2018 The overall picture: The growth of the dollar meets resistance. There is no important news right now. The effect of the growth of yields on Treasuries of the US to 3% per annum continues. On the other hand, the strengthening of the dollar was too fast and requires some correction. The euro […]
Gold price has broken above the short-term resistance trend line and is now trading back and forth above and below it. I expect Gold price to continue higher towards $1,300 this week. I remain bullish. Blue line – bullish divergence Red line – short-term resistance Yellow line – medium-term resistance Green lines – targets Gold […]
The Trump – Kim summit is still uncertain, so the dollar is slightly stronger in an environment of heightened risk aversion. USA 10Y debt yield is 3.05% on Wall Street and Asian floors, the sellers clearly dominate. The dollar restores appreciation as the EUR/USD returns to 1.1750, GBP/USD drops to 1.3400. Commodity currencies, which in […]
Some countries have sanctions imposed by the US and many European nations. Several experts believe that there are countries that can bypass international sanctions through decentralized cryptocurrencies. Russia and Iran are two countries that are currently under severe sanctions that may soon use cryptocurrencies to circumvent them. Politicians in Russia and Iran are discussing the […]
GOLD PRICES rallied above $1295 and silver almost recovered last week’s 3% loss in London trade Tuesday, gaining as the US Dollar eased back on the currency market following ‘dovish’ comments from Federal Reserve policymakers. Asian stock markets slipped but Europe pushed higher after Wall Street reached a 2-month high overnight. With crude […]
Recently, Gold has been trading upwards. The price tested the level of $1,295.00. According to the H1 time – frame, I found a valid breakout of downward channel (ending diagonal), which is a sign that selling looks risky. I also found a hidden bullish divergence on the MACD oscillator, which is another sign of strength. […]
USD halves the $110 it added to gold price… DID gold prices really drop through $1300 last week? asks Adrian Ash at BullionVault. Nope. Gold did no such thing. Not when you discount Donald J.Trump’s impact on the Dollar. In this parallel universe, gold hasn’t even got above $1250 per ounce since […]
In the overnight trading session changes in the value of individual currencies are rather symbolic, but the strengthening of the US dollar is not so much visible. It is worth paying attention to the new wave of charges against the Prime Minister of Japan Abe, which push USD / JPY at 111.00 and persistence by […]
Gold price bounced from the long-term support of $1,282 and is challenging short-term resistance as we expected. Gold price is expected to continue higher this week and I expect a weekly close above $1,300 to signal a bigger upward reversal and the start of a bigger bounce. Blue line (RSI) – bullish divergence Red line […]
Overview: The USD/CHF pair is still trading around the area of 0.9993/0.9945. The bias remains bullish in the nearest term, testing 1.0134 or higher. The price is still moving around the major support of 0.9933. The USD/CHF pair follows a bullish trend from the support levels of 0.9945 and 0.9993. Currently, the price is in […]
