Overview Gold price is trading lower at around $1,285.90. The price aims to break it and is struggling to hold below it now. This supports the continuation of our bearish outlook efficiently for the upcoming period. The price is affected by the negative signal provided by stochastic now. Let me reminding you that our next […]
Overview Silver is trading lower around the EMA50. So, no change to the sideways scenario suggested in the recent reports. The price is confined between 16.15 support and 16.80 resistance, waiting to breach one of them to determine the next targets clearly. The details of the expected targets after the breach area explained in our […]
449 operable reactors in 30 different countries, 56 reactors under construction, 158 reactors on order or planned and 351 reactors proposed. That’s the reality and the future of Uranium. UEC – Uranium energy Corporation will restart their US production when Uranium prices go over 40 $ per pound. UEC also holds one of the largest […]
GoldMining is one of the largest gold resource holders in the world with 21 Mio. ounces in the Americas plus 2 Bio. Pounds of copper. Management owns 25% and the who is who like Sprott, KCR, Brasilinvest, Oppenheimer funds and Marin Katusa of the mining world are large shareholders. The company has two possible production […]
GOLD PRICES fell $10 to new 5-month lows against the rising US Dollar on Monday in London after Washington said the US-China trade war is “on hold”, writes Steffen Grosshauser at BullionVault. Gold touched the lowest level since the end of December at $1282 per ounce before bouncing back to $1285 while the US […]
Gold price is breaking down below the recent $1,285-$1,295 consolidation. Gold price could see $1,270-75, but the bearish divergence signs continue to warn us that the next big move will be to the upside. I’m a buyer of Gold at the current or lower levels. Blue lines – bullish divergence warning Green lines – target […]
The daily strong support is seen at 0.6844. However, the stop loss order should always be taken into account, for that it will be reasonable to set your stop loss at the level of 0.6974 which represents the gold ratio on the H1 chart. The material has been provided by InstaForex Company – www.instaforex.com Related […]
To the golden barricades, comrade…! The IMPACT of the French Revolution? asks Adrian Ash at BullionVault. Two centuries after 1789, “It’s too early to tell” said Chinese premier Zhou Enlai at a meeting with US president Richard Nixon in the early 1970s. What a wag! Those bureaucrats in Beijing sure take the […]
GOLD PRICES moved in a tight $5 range above yesterday’s new 2018 low against a rising US Dollar on Friday, holding a 2.5% drop for the week at $1287 per ounce as Asian stockmarkets climbed back to unchanged and European equities held a half-a-per-cent gain. The rising Dollar also pushed other non-US currencies down […]
Friday starts stable on the currency market with minor movements among the main currencies. The focus is on the US-China trade negotiations, where chances of agreement are growing. The stock market is moderately optimistic: Shanghai Composite grows 0.3% and Nikkei 225 gains 0.4%. Gold is not going too far to $1,290 and WTI crude is […]
Gold price remains near its weekly lows. Gold price has reached important support area and could start a reversal from current levels. Gold price is testing important weekly cloud support. I’m bullish at current levels but I would get aggressively bullish above $1,300. Red line – long-term resistance Blue line – medium-term support Green line […]
GBP/JPY Yesterday, the players were on the raise, thanks to the combination of supports (the lower bounds of the clouds of the lower halves + the final boundaries of the gold cross N4), led by daily Tenkan (148.16), were able to maintain a daily short-term advantage. As a result, today we see a continued increase, […]
GOLD PRICES set fresh 2018 lows for the third day running in London trade Thursday, dipping below $1286 per ounce as US bond prices continued to fall, pushing longer-term interest rates up to yet more 7-year highs. The rising US Dollar also pushed the Euro currency back down near this week’s drop to the […]
The State Duma of the Russian Federation will support the first reading of the initiative, which will add the basic norms of the digital economy to the civil code of the Russian Federation. This is the latest step on the way to introducing cryptocurrencies in the country, informs local press service. “The initiative aims to […]
Gold price remains under pressure near the weekly lows. Medium-term support is very close and bulls would not like to break below as this would imply more downside towards $1,255 should be expected. I prefer to be a contrarian and be bullish at current levels but specially if we close the week and break above […]
The yields of the 10-year-old US jumped over 3.10%, but the dollar’s reaction disappoints. The prime leads the GBP thanks to information on Brexit, and AUD found support in a solid report from the labor market. EUR/USD bounced back from 1.1760 on Wednesday, and managed to reach 1.1830 after the information was denied that the […]
After a short pause, the US dollar again began to strengthen, growing against the euro to a 6-month high at the trades on Wednesday. The markets once again felt a taste for risk, which is reflected in the stable growth of yields on government bonds and the increase in the stock markets on both sides […]
For the first time since December, gold went beyond the trading range of $1300-1360 per ounce against the background of the growth of the yield of 10-year US Treasury bonds to 7-year highs. Strong statistics on American retail trade in April made investors believe in a bright future of the world’s leading economy and the […]
GOLD PRICES fell to new 2018 lows against a rising Dollar for the second day running on Wednesday, falling further below $1300 per ounce as world stock markets dropped and longer-term interest rates touched new 7-year highs after stronger-than-expected US economic data. After Tuesday saw March’s retail sales revised higher while New York State […]
Recently, Silver has been trading downwards. The price tested the level of $16.15. Anyway, I found the bearish flag in progress, which is ф sign that buying looks risky. I also found a broken upward trendline in the background, which is another sign of weakness. My advice is to watch for a potential breakout of […]
The decision of Donald Trump on the US withdrawal from the nuclear deal with Iran has become a catalyst for the growth of oil prices to their highest level since autumn 2014. Despite the fact that speculators recorded profit on the record net-long for Brent against the background of the principle of “Buy on the […]
Recently, Gold has been trading downwards. The price tested the level of $1.309.07. According to the H4 time – frame, I found that price is trading inside of the channel, which is a sign that Gold is in a consolidation phase. Since the impulse was down in the background, Gold may resume bearish direction in […]
Overview Gold price ended yesterday’s trading below 1,316.48. The price remains under negative pressure in the upcoming sessions. The gold price aims to test 1,301.20 level mainly. Therefore, the bearish bias is suggested for today unless the price manages to breach 1,316.48 level and hold with a daily close above it again. The expected trading […]
Overview Silver price rebounds bearishly after testing the sideways range resistance that appears on the chart. The price is about to visit the support line at 16.15. This keeps the price confined between the mentioned support and 16.80 resistance. Therefore, we still suggest the sideways trading until the price manages to breach one of the […]
In Thailand, under the Royal Decree, the legal framework for cryptocurrencies comes into force. The law published in the National’s Royal Gazette defines cryptocurrencies as “digital assets and digital tokens” and passes them under the jurisdiction of the Thai Securities and Exchange Commission (SEC). Thailand’s media quotes finance minister Apisak Tantivorawonga, who claims that the […]
Return of yields on 10-year US Treasury bonds over 3% supports strengthening of USD: USD/JPY is already at 109.90, and EUR/USD has fallen to 1.1915. The strong USD and the lack of a clear positive receipt of data from China results in drops in the stock market. Hang Seng is losing 1.1%, Shanghai Composite falls […]
Gold price pulled back yesterday, but as we previously said, any pullback is seen as a buying opportunity for Gold as long as the price is above $1,300. Gold price should find support at $1,307 and start the next big bounce towards at least $1,330. Black line – support trend line Green line -RSI support […]
Overview: The USD/CHF pair is still moving around the spot of 0.9993 (pivot). 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 […]
GOLD PRICES stayed flat against a weak US Dollar on Monday in London, holding around $1319 per ounce as violence flared in Jerusalem, where the United States today opened its Embassy to Israel, moving it from Tel Aviv, writes Steffen Grosshauser at BullionVault. Press reports said 41 Palestinians were killed and 1,700 injured as […]
The Reserve Bank of India (RBI) has banned banks and other financial institutions from facilitating cryptocurrency transactions in the country. In response to this coalition consisting of four platforms for the exchange of cryptocurrencies and other startups, the regulator filed a petition in court, questioning the RBI directive. The decision of the Supreme Court will […]
