The Gold price continues to trade inside the $1,360-$1,300 range. The price is near the upper boundary and below resistance. There is a danger of seeing a push lower towards $1,300 as long as we remain below $1,350. Magenta line – long-term resistance Black line – short-term support The Gold price is in a bullish […]
The missile attack of the US, the UK, and France in Syria did not make panic on the financial markets yet. The currency market is calm, JPY is the strongest, but USD/JPY stopped the falls before 10 7.10. After AUD and NZD, there is no increase after the recent drops. The Asian stock market is […]
Overview Gold is going on trading higher with the aim of moving away gradually from 1,335.40 level. This keeps the bullish scenario valid for the rest of the day, supported by stochastic positivity. Let me remind you that our next main target is located at 1,365.97, while breaking 1,335.40 represents the negative factor that will […]
Overview Silver traded with a negative bias yesterday after testing 16.80 level that represents resistance of the sideways channel that appears on the chart. Now the price is on the way for a potential test of support at 16.15 of this trading range. Therefore, silver is still trading sideways on the intraday basis, waiting to […]
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GOLD PRICES failed to hold an overnight rally in London on Friday, dropping back to show no change for the week in Dollar and Euro terms as Moscow hit back at US sanctions and accused a “Russophobic campaign” of staging last weekend’s chemical attack on civilians in Syria. Trading back at $1337 per ounce, […]
Recently, Gold has been trading downawrds. As I expected, the price tested the level of $1,334.38. Accoridng to the M30 time – frame, I found a broken bullish support line in the background, which is a sign that sellers took control from the buyers. Currently, Gold is trading in the corrective mode and a potential […]
The Ministry of Internal Affairs of the Russian Federation spokeswoman, Irina Volk, stated that the police detained two people related to the mining farm found in an abandoned factory. As reported in the Russian media, more than 6,000 mining devices were found in the city of Orenburg. Reports also contained a recording of police raids. […]
Gold price continued with its pull back yesterday towards $1,330 while now is trading around the key level of $1,340. In Ichimoku cloud terms, trend remains bullish in the short-term as the price is again above the cloud. However, the rejection at the long-term resistance and the ugly intraday reversal was a major weakness sign […]
GOLD PRICES slipped on Thursday in London, retreating further from yesterday’s 2.5-month high against the Dollar after the US Federal Reserve forecast stronger interest-rate rises ahead and US President Donald Trump dialled down his threat to hit Russia’s ally Syria with airstrikes. “Never said when an attack on Syria would take place. Could be […]
Recently, Gold has been trading upwards. The price tested the level of $1,364.80. Anyway, according to the H4 time – frame, I found a fake breakout of resistance in the background, which is a sign that buying got trapped. I also found a bearish flip on stochastic oscillator, which is another sign of weakness. My […]
Gold and why you should own it now? Udo Sutterluety, Funds Manager, Sunares Natural Resources Funds. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#239980 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: […]
The US Dollar is not able to strengthen after the publication of FOMC Minutes and as a result, the Asian session ran in a sleepy atmosphere. EUR/USD is at 1.2360, GBP/USD around 1.4180 and USD/JPY again, the European session will start around 107.00. The Crude Oil remained above 67.00, but the Gold receded to USD […]
The US consumer inflation declined by 0.1% for the month of March. This is the first time that the data dropped since May 2017 against the backdrop of falling gasoline prices. At the same time, core inflation (Core CPI) increased by 0.2% with a year-on-year growth of 2.1%. The report as a whole should be […]
The Gold price broke to new highs yesterday and came very close to the January highs of $1,365. However, buying interest did not last long at those levels and a reversal with medium-term bearish implications followed. The inability for Gold to finally break above $1,365 and the pull back towards $1,350 is not a good […]
When investors do not know what to do, they buy gold. Mutual threats of the US and China on the introduction of import duties caused only a temporary decline of stock indices on fears of a slowdown in the world economy due to the trade war. The US administration managed to calm investors, who can […]
GOLD PRICES rose in Asian and London trade Wednesday morning, rising above $1345 per ounce for the 6th time in 2018 so far amid worsening US-Russia tensions over Syria. Gaining 1.0% from the end of last week in US Dollar and Japanese Yen terms, the gold price rose less steeply for investors in other […]
Recently, the Gold has been trading upwards. The price tested the level of $1,344.00. Anyway, according to the H1 time – frame, I found a potential rising wedge in creation, which is sign that buying looks risky. I also found a rejection of the major resistance in the background, which is another sign of weakness. […]
Gold is trading inside a short-term bullish channel but still below the 4-hour Kumo (cloud). Price is making higher highs and higher lows since the $1,319 low but I believe we should expect another leg down towards $1,300 as long as price remains below $1,355. Magenta line- long-term resistance Blue line -long-term support The last […]
GOLD AND SILVER PRICES slipped on Monday morning in London amid the ongoing uncertainty over the US/Chinese trade war and the air strikes in Syria, writes Steffen Grosshauser at BullionVault. Gold fell $6 from Friday’s close at $1333 per ounce after a volatile week while markets were waiting for the next move in the trade […]
Gold price has tried to bounce towards $1,350, but only managed to top around $1,348 and reverse back towards $1,330. Price is trading again below the 4 hour Ichimoku cloud and is vulnerable to a deeper pull back towards $1,300. Red line – resistance Blue line – support On a weekly basis, the multiple rejection […]
Google searches to ‘buy gold’ hit pre-crisis lows… “ON SALE!” says yet another email from yet another gold coin dealer, writes Adrian Ash at BullionVault. It isn’t the gold that’s on offer. Bullion itself is trading near the top of its last half-decade range priced in US Dollars. But coin and small-bar […]
Overview Gold price resumes its downward bias to approach our main waited target at 1,316.48. Let me remind you that breaking this level will push the bearish wave to reach 1,301.20 as a next station. In general, the expected decline will remain valid unless breaching 1,335.40 level and holding with a daily close above it. […]
Overview Silver price tested 16.15 level yesterday and rebounded from there. The price is confined inside the sideways range. Its lines are represented by the mentioned support and 16.80 resistance that keeps the sideways trading scenario valid on the intraday basis until the price makes a valid breakout of one of the mentioned levels. We […]
GOLD PRICES jumped Friday lunchtime in London, briefly showing a weekly gain versus all major currencies bar the Canadian Dollar after US jobs data for March came in badly below analyst forecasts and world stock markets struggled to extend the week’s earlier rally as trade tensions between the US and China worsened yet further. […]
Recently, Gold has been downwards. The price tested the level of $1,319.50. According to the 15M time – frame, I found that sellers are in control and that buying looks risky. I also found a potential third wave is building and my advice is to watch for potential selling opportunities. The downward targets are set […]
The Gold price behavior so far has been bearish. The weekly candle is screaming rejection and lower prices. Bulls need to push the price back towards $1,350 otherwise they will be in danger of seeing $1,310-$1,300 and why not lower. On a weekly basis, we see a rejection and a close below the tankan-sen so […]
GOLD PRICES fell on Thursday as global stock markets rose sharply after US President Trump’s new economic advisor denied that the world’s No.1 economy has started a “trade war” with the No.2, China, but tensions over a military war between Nato members Turkey and Greece worsened. “There’s no trade war here,” former CNBC anchor […]
After the turbulent trade on Wednesday, the financial markets finally clung to the hope that a trade war between the US and China would be avoided through negotiations. A 180-degree turnaround on Wall Street helps in the Nikkei rally. USD/JPY wiped off by 107, but improvement in sentiment does not bring AUD and NZD to […]
Gold quite rapidly responded to the United States and China’s transition from a conflict to massive military action. China is ready to to retaliate in the “tit for tat”, answering exactly the same way as its opponent. If the introduction of Washington’s import duties on steel and aluminum on Beijing is estimated at $3 billion, […]
