Recently, gold has been trading downwards. As I expected, the price tested the level of $1,321.26. I found strong rejection of the upper diagonal of the channel in the background, which caused the price to go lower. I still don’t see any signs of strength and my advice is to watch for selling opportunities. The […]
On the occasion of Good Friday, most of the world’s major stock exchanges are closed today. The trade will run out in Australia, Germany, France, Poland, Hungary, the United Kingdom, the USA and Hong Kong. This means that most likely a very calm day awaits us and we should not expect large movements. On Friday […]
Overview The Gold price resumes its negative trading now on its way to test 1316.48 that represents our main waited target, noting that it is important to monitor the price behavior when reaching the mentioned level, as breaking it will extend the correctional bearish wave to reach 1301.20 as a next station. In general, we […]
Overview The Gold price resumes its negative trading now on its way to test 1316.48 that represents our main waited target, noting that it is important to monitor the price behavior when reaching the mentioned level, as breaking it will extend the correctional bearish wave to reach 1301.20 as a next station. In general, we […]
Overview The Silver price showed clear break to 16.45 level and settled below it, to continue moving within the sideways track as appears on the above chart, which makes us suggest witnessing more sideways trading until the price manages to surpass one of this range’s lines represented by 16.15 support and 16.80 resistance. Note that […]
GOLD PRICES slipped to new 1-week lows against most major currencies on Thursday in London, but held on track for the highest close to a calendar quarter in 5 years in US Dollar terms. Crude oil retreated again from Tuesday’s new 2018 highs and silver fell harder than gold prices, dropping to $16.24 and […]
The Chinese Ministry of Trade called on the US to withdraw tariffs and investment restrictions on the PRC on Thursday. “They can trigger a chain reaction threatening the global economy, and China will fight until the end” – said Ministry spokesman Gao Feng.At a press conference in Beijing, Gao did not provide details on a […]
Gold price has continued lower towards $1,320 inside our target area of $1,330-20 for the pull back we were expecting. Gold price has reached important short-term support. Gold should bounce from current levels, but if we see choppy sideways action, we should then expect another leg lower. Gold price has broken below the tankan- and […]
Overview Gold kicked off the global trading day with a bullish bias in an effort to regain some of the losses incurred yesterday. Please note note that stochastic provides a positive overlapping signal on the four-hour time frame, which creates a long-awaited momentum to enable the price to achieve more gains in the nearest sessions […]
Overview Silver price pushes on the key support 16.45 now that urges caution for the short term. Stochastic is negative now, so breaking the mentioned level will force the price to suffer losses from 15.49 before any new bullish attempt. Until now, we keep the bullish outlook on condition of the price stability above 16.45. […]
GOLD BULLION again dipped to $1340 per ounce Wednesday morning in London and silver prices also re-touched their lowest since Friday as world stock markets extended yesterday’s 1.7% drop in US equities. Commodity prices fell for a second day as US bond prices jumped again, pushing the yield offered by 10-year US Treasury debt […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,338.54. According to the 4H time – frame, I found that the supply trendline in the backgorund held successfully, which is a sign that sellers are in control. I also found overbought RSI oscillator, which is another sign of weakness. […]
Analysis of 3 key signals in Q1 2018’s gold price action… THANKS to Good Friday, this week ends early for gold investors and traders, writes Adrian Ash at BullionVault. Like pretty much all of the Western world’s bond and stock markets, the London gold market – center of the global wholesale trade – […]
Yesterday’s US Dollar rally is not continuing in Asia, but the swing of sentiment continues. USD / JPY managed to recover from 105.30 to 105.60, AUD is slightly stronger, although AUD / USD did not manage to exceed 0.77. The stock market is sunk in red; gold is red as well, but crude oil is […]
Gold price as expected has pulled back and got rejected at the resistance area. As explained in our previous analysis, Gold price was expected to move lower towards $1,320-30 area. I believe the pull back has started. Gold price is making lower lows and lower highs and is breaking below the 4-hour kijun-sen (yellow line […]
Overview Silver price breached 16.56 level after closing the daily candlestick above it. This confirms the bullish trend on the intraday and short term basis. The upward target is set towards 17.43 as a next main station. Therefore, the bullish trend is expected in the upcoming sessions that is supported by moving above the EMA50. […]
GOLD PRICES slipped from an overnight spike to fresh 5-week highs against the falling US Dollar on Tuesday, dropping 1.1% as world stock markets jumped, extending yesterday’s strong rebound on Wall Street. After suffering its worst week since gold prices peaked in 2011, the US stock market yesterday recorded its strongest 1-day gain since […]
Recently, Gold has been trading upwards. The price tested the level of $1,356.38. According to the 4H time – frame, I found a strong rejection of supply trendline (resistance) in the background, which is sign that buying looks risky. I also found an overbought condition on the RSI oscillator, which is another sign of weakness. […]
Gold price is trading above $1,350 but still below January highs. Trend is bullish in the short-term as long as the price is above $1,350. I believe Gold has more chances of a pull back for a higher low than a continuation of the upward trend. Only aggressive traders should try a short position. Blue […]
GOLD PRICES rose and silver jumped against a falling US Dollar on Monday in London, trading near 5-week and 3-week highs respectively as global stock markets bounced amid negotiations between the US and China to avert a ‘trade war’ between the world’s two largest economies, writes Steffen Grosshauser at BullionVault. Gold overnight in Asian […]
On Monday, NZD is the most powerful, as changes in the RBNZ mandate are devoid of dovish elements. After the rest of the currencies, there are minimal attempts to improve sentiment, although the mood is far from good. The stock market in Asia is fighting for a bounce, but no avail. Crude Oil is very […]
Nigerians have been warned by the Nigeria Deposit Insurance Corporation (NDIC) before using cryptocurrencies because the Central Bank of Nigeria (CBN) does not recognize them as a legal currency, according to the local Business Post Nigeria magazine.This is not the first cryptocurrency warning because various government agencies in Nigeria warned citizens about a new form […]
The Gold price has stuck again at the long-term resistance of $1,350-60. The price shows rejection signs as expected. Bulls should be very careful as we could see another pullback towards $1,300-$1,310 before the next move higher. Blue lines – sideways channel The Gold price is trading above the Ichimoku cloud in the 4-hour chart. […]
As expected, the range for the federal funds rate was raised by 25 bp to 1.50-1.75%. In the statement, the Fed pointed out that the risks for the economy remain balanced. Importantly, the economic outlook has improved over the past months and inflation will continue to be monitored. Further gradual interest rate increases are expected. […]
Yesterday, Trump signed a memorandum imposing customs duty on imports of goods worth 50 billion USD from China, which the US suspects to have arisen from the theft of intellectual patents from the US. China did not remain indebted and announced the introduction of duties on imports of some US goods for around $ 3 […]
Recently, Gold has been trading upwards. The price tested the level of $1,346.97. According to the 30M time – frame, I found a breakout of yesterday’s high in the background, which is a sign that buyers are in control. I also found a successful rejection of the upward trendline, which is another sign of strength. […]
Bladetec, a British supplier of computer hardware, recently revealed plans to build a Bitcoin farm in the south-east of Great Britain. The project called “Third Bladetec Bitcoin Mining Company Ltd (TBBMC)” aims to raise 10 million pounds or about 13.9 million dollars from investors for building and running a farm in the next two to […]
Over the night the US Dollar was losing after the information was released that national security adviser McMaster was leaving the White House. In addition, China imposes tariffs on the US in retaliation for Trump’s decision yesterday. The customs war struck the sentiment on the stock market. Japanese Nikkei fell 4.51%, in China Shanghai Composite […]
Gold price is making new higher highs in the short-term but remains inside the long-term trading range of $1,350 – $1,300. Big resistance is just above us right now so bulls need to be careful. A rejection in the area of $1,340-50 could bring Gold price back towards $1,320-$1,300. Blue lines – trading range Short-term […]
GOLD PRICES rose sharply against all major currencies on Friday, recovering even last week’s 1.5% drop in Japanese Yen terms while stocks and shares fell worldwide as Beijing hit back at Washington with plans for new import tariff rates on US goods arriving in China. President Trump’s new $60 billion tariffs on a raft […]
