Recently, Gold has been trading sideways at the price of $1,312.00. According to the 30M time – frame, I found a successful rejection of the pivot level ($1,321.00), which is a sign that selling looks risky. I also found bullish breakout of 2-hour balance, whch is another sign that buyers are in control. My advice […]
Gold price tried to move towards the resistance of $1,330 but bulls were unable to hold the price above the tenkan-sen at $1,321-23. Trend remains bearish. Price is still below the 4hour cloud. Kijun-sen support is at $1,315. A break below it will push the price towards $1,300. Resistance remains at $1,326 where the lower […]
Overview Gold price is trading higher in the pre-market today. The price is set to surpass the EMA50 and settle above it that supports the continuation of the bullish trend on the intraday basis. The way is open to visit 1,335.40 level that represents our next target. Please note that breaching this level will extend […]
Overview Silver is now trading sideways after keeping its stability above the bullish trend line that appears on the chart. This supports the scenario of a further bullish trend on the intraday and short-term basis. This reveals a positive signal through stochastic, waiting to target 17.43 that represents our next main station. We should note […]
GOLD PRICES held onto last week’s closing level Monday morning in London as the weekend’s national elections in Italy – the Eurozone’s third largest economy – gave no clear winner overall, writes Steffen Grosshauser at BullionVault. Analysts and traders were further worried by US President Donald Trump’s open declaration of a “trade war”, with […]
Recently, Gold has been trading upwards. The price tested the level of $1,327.00. Anyway, according to the 30M time – frame, I found a broken bearish pennant, which is a sign that buying looks risky. I also found a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice […]
GOLD PRICES whipped amid sharp currency swings on Friday as global stock markets fell hard after US President Donald Trump defended plans for stiff tariffs on imports of steel and aluminum into the world’s No.1 economy by declaring that “trade wars are good”. Proposing 25% tariffs on imports of steel and 10% on aluminum last […]
J. P. Morgan Chase added the cryptocurrency segment to the “Risk Factors” section in its annual report to the US Securities and Exchange Commission (SEC), yesterday. The annual report mentions cryptocurrencies in the “Competition” section, describing how new competitors threatening the activities of J.P. Morgan: “Both financial institutions and their non-bank competitors face the risk […]
Gold price broke to new lows yesterday and reached $1,302. However price held above $1,300 where the lower cloud boundary in the daily chart was and price bounced as Dollar weakened. Gold price is still trading below the 4-hour Ichimoku cloud. Resistance is at $1,331. Support at yesterday’s lows. Price is making lower lows and […]
The events of the last weeks confirm the Fed’s president Jerome Powell in the belief that the US economy will deliver a high level of performance. During the speech in front of Financial Services Committee of the House of Representatives, the chairman of the US Federal Reserve presented an optimistic vision of the current and […]
BUY GOLD prices in London’s wholesale market erased the last of 2018’s previous 4.9% gain on Thursday, falling back near $1300 per ounce after new US inflation data came in stronger than analysts forecast. The PCE measure of US consumer costs rose 1.7% in January from the same month last year, the Bureau of […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,310.57 and met my first objective target. According to the 30M time frame, I found that price has broken the bearish flag pattern and support at the price of $1,313.50, which is a sign that sellers are in control. I […]
Yang Chin-long, the new governor of the Taiwanese Central Bank, said yesterday in a speech that the bank will be open to exploration of Blockchain technology. At the end of January, Taiwan’s capital announced that it intends to transform into a “smart city”, using Blockchain to provide citizens with technological solutions, such as pollution sensors […]
In the first hours of March, the USD sustains growth amid weak sentiment in the equity market. AUD reacted negatively to domestic data. PMI from China surprised positively. On the commodity market, the strength of USD keeps prices in check. WTI crude cannot recover after yesterday’s $2 slump in the direction of 61.30. Similarly, Gold […]
Gold price has made a new lower low. Price remains in a bearish short-term trend after the cloud rejection. Daily trend has turned to neutral after price entering the Daily Kumo. Gold price is below both the tenkan- and kijun-sen indicators. Short-term support is at $1,307 at the February lows. Resistance is at $1,335 at […]
What do the Comex silver bears know…? YOU MIGHT think hedge fund traders have called it right so far in 2018 on silver investing, writes Adrian Ash at BullionVault. As a group, the ‘Managed Money’ category of traders betting on Comex silver contracts stayed bearish overall in mid-to-late February, having turned against the […]
Overview Gold price came under strong negative pressure yesterday evening to settle at 1,316.48 level. Please note that the price finds solid support at this level, reinforced by stochastic positivity. On the other hand, the EMA50 creates negative pressure that might push the price to break the mentioned level and extend the correctional bearish wave […]
Overview Silver traded with an obvious downward bias yesterday. Now silver is aiming to reach the key support 16.25. As we mentioned in our recent articles, holding above this level keeps the bullish scenario valid for the short term. The next main target is set at 17.43. Therefore, we still suggest the bullish trend on […]
GOLD PRICES steadied at multi-week lows on Wednesday as the Dollar paused its gains but world stock markets followed Wall Street lower after new Federal Reserve chair Jerome Powell told US lawmakers to expect further interest rate hikes. Extending its sharpest 1-week drop of 2018 to date, gold fell another $20 per ounce between […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,313.44 and reached both of our yesterday’s targets. According to the 30M time – frame, I found a bearish flag (pennant) pattern in creation, which is a sign that buying looks risky. I also found a hidden bearish divergence on […]
The quotations of gold futures fell to 2-week lows against the background of “hawkish” comments by Jerome Powell. Speaking before the Congress, the head of the Federal Reserve expressed confidence in the rapid achievement of inflation targeting, noted the strength of the world economy and a significant fiscal stimulus. In his view, the headwinds that […]
The European Commission hosted a conference entitled “Cryptocurrencies – Opportunities and Risks”, including the impact of cryptocurrencies on financial markets and problems arising in connection with Initial Coin Offers (ICO). The meeting was chaired by Valdis Dombrovskis, Vice-President of the Commission responsible for financial stability, financial services and the union of capital markets. The Commission’s […]
Gold price broke below support yesterday after a wave of strength in the Dollar was the result of the new Fed chair’s testominy. Gold is making lower lows and lower highs. Price got rejected at the cloud resistance but is still holding above $1,310-07 support area. Gold price is trading below the cloud resistance in […]
Thanks to an improving external background and unexpected growth of US stocks by 1.6 million barrels, by the end of the week by February 16, oil futures managed to close 8 out of the last 9 trading sessions in the green zone. Where are the fears that the extraction of black gold in the United […]
GOLD PRICES fell as new US Fed chair Jerome Powell began his first testimony to lawmakers on Tuesday, retreating to last week’s closing level as the US Dollar rallied from a fresh drop on the currency market. New data meantime missed analyst forecasts, showing the US trade deficit in goods widening badly even as […]
In his speech in the European Parliament, The European Central Bank (ECB) president Mario Draghi demanded a central role in the supervision of clearing central counterparties (CCPs), yet struck a more flexible tone than some European politicians who want the multi-trillion Euro clearing industry to be removed from London City. Draghi made it clear that […]
The currency market shows no major signs of life, and investors focus on the Fed Chair’s J. Powell afternoon speech. The text of Jerome Powell’s speech will be published at 03:30 pm GMT and the meeting in front of the Financial Services Commission will start at 05:00 pm GMT. The main attention, however, will be […]
The Bitcoin (BTC) has been trading upwards. The price tested the level of $10.751. The Supreme Court of Israel issued a temporary injunction order on Monday forbidding Bank Leumi from sweepingly halting the account activity of the Bits of Gold bitcoin exchange. This is seen as a major victory in the Israeli cryptocurrency industry that […]
Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,330.70. Anyway, I found a breakout of the upper channel, which is a sign that buying looks risky. I also found an overbought condition on the stochastic oscillator, which is another sign of weakness. My advice is to watch for […]
Elon Musk, a billionaire, and entrepreneur known for setting up and running Tesla Motors and SpaceX, on Thursday, February 22, revealed on his Twitter how many Bitcoins he has. This is 0.25 BTC, or about $ 2,478, equivalent to 0.000012% of its total net assets. Musk revealed the number of cryptocurrencies owned, after several false […]
