Financial markets are in a sleeping mode with the hope of awakening with the help of a Fed chairman’s speech this afternoon. Asia limited its activity with zero premises from the currency market. Japanese Nikkei225 has found the strength to increase by 1.07%, but in China, the indexes are losing – Shanghai Composite is lower […]
Gold price got rejected at the $1,342 level yesterday and pulled back towards the short-term $1,330 support by the kijun-sen. Price remains below the Ichimoku cloud in the short-term, implying trend remains bearish, as price could not break above the cloud. Blue line – support trend line Black rectangle – resistance area Gold price reached […]
GOLD PRICES regained half of last week’s losses on Monday morning in London as the US Dollar inched down ahead of US inflation data and the new Fed chief Jerome Powell’s first congressional testimony, writes Steffen Grosshauser at BullionVault. Federal Reserve chairman Jerome Powell will speak about US monetary policy before the House Financial […]
The post of President of the People’s Republic of China, Xi, took place at a time that only apparently required a new head of state to carry out far-reaching reforms. Going back in time, you can see that the first months of Xi’s power are primarily the presence of relatively strong shocks generated by financial […]
Calm Monday trading as markets awaits Powell hearing The rebound on the Asian stock markets following the optimistic end of the last week on Wall Street brings stable trading in currency markets with a mild weakening of the US Dollar and the strengthening of the emerging markets. Gold is trying to rally, Crude Oil remains […]
Overview The Gold price opens today’s trading with strong rise after leaning well on the bullish channel’s support that appears on the chart, to breach 1335.40 level and settles above it now, which hints stopping the recently suggested negative scenario and head to regain the main bullish trend again, supported by moving above the EMA50 […]
Overview Silver price managed to achieve our first target represented by the EMA50, located now at 16.75, noticing that stochastic provides clear positive signals on the daily time frame, which forms positive motive that we are waiting to push the price to continue rising in the upcoming period, waiting to head towards 17.43 that represents […]
Recently, the Gold has been trading upwards. The price tested the level of $1,341.06. Anyway, according to the 30M time – frame, I found a rejection of the upper diagonal, which is a sign that buying looks risky. I also found the overbought condition of the stochastic oscillator, which is another sign of weakness. My […]
Laszlo Hanyecz, the man who made the world’s first documented transaction for the purchase of a physical object using Bitcoin in 2010, in which he paid 10,000 BTC for two pizzas, now bought two pizzas using the Bitcoin Lightning Network. On February 25, Hanyecz published on the Lightning-dev mailing list that he had to ask […]
The Gold price has broken through the 4-hour cloud resistance and is now trading inside the Kumo (cloud). The trend is now neutral. Bulls need to break above the cloud resistance in order to change trend to bullish again. The Gold is trading above both the tenkan- and the kijun-sen in the 4-hour chart. Short-term […]
GOLD PRICES in the global wholesale center of London headed for the steepest 1-week drop of 2018 so far on Friday, holding a 1.7% loss against a stronger US Dollar as major government bond prices edged higher again from this month’s sharp sell-off, nudging interest rates down. Failing to set a 4-year weekly closing high […]
Recently, gold has been trading sideways at the price of $1,328.20. According to the 30M time frame, I found that the price is trading in the range between the support of $1,322.00 and the resistance $1,332.00. Gold is in the downward trend and my advice is to watch for selling opportunities with a potential target […]
GOLD BULLION rallied just $3 off a 1-week low versus the rebounding Dollar on Thursday as world stock markets fell after notes from the Federal Reserve showed the US central bank expects to keep raising its key interest rate in 2018. China’s stock market opened sharply higher on the first trading day of the […]
Goldcorp invested over 35Mio. $ into Auryn Resources which is a huge commitment for the company, the team and the properties. A lot of good drill results came out recently but many more will be released in the first half of 2018, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this […]
On Tuesday, February 20, the Financial Times reported that the Venezuelan government began pre-selling the world’s first Petro-based Petr Criminal Investigation (PTR) based on oil. 82.4 million Petro is already on sale, both for cash and cryptocurrency, although it remains unavailable for Venezuelan Bolivar. According to Venezuelan Minister of Foreign Trade and International Investments, Jose […]
During the night, the negative sentiment for the stock market was crystallized during the bust of Wall Street from the last few tens of minutes of trading. Futures on the SP500 are below 2700 points, the EUR/USD subsided at 1.23 and USD/JPY is below 107.50. Profitability of 10-year US Treasury bonds is growing towards long-term […]
The Gold price is trading below the 4-hour Kumo. This is a short-term bearish sign. The price bounced towards cloud resistance yesterday and was unable to break it. The price got rejected and moved to new lows yesterday. The price is making lower lows and lower highs. The price is below the Ichimoku cloud. Resistance […]
After displaying an irrational behavior in early 2018, the dollar and gold gradually return to the previous drivers. If in January and in the first half of February the increase in the yield of US Treasuries led investors to confusion causing the decline in the USD index, then on the eve of the publication of […]
Due to the financial crisis in 2008 and 2009 we lost several years of commodity exploration. Despite that, there are still active companies out exploring aggressively and successfully their projects like Fission Uranium, first Cobalt and Maple Goldmines, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full […]
GOLD PRICES struggled to recover from yesterday’s sharp drop against the rallying US Dollar in London on Wednesday, halving last week’s 2.2% gain as world stock markets fell, bond prices steadied and commodities edged higher. Retreating 2.6% from last Friday’s 3-week high at $1361 per ounce, the gold price in Dollar terms has now cut […]
Gold price as expected pulled back towards the cloud support but also broke below in early Wednesday trading. The dollar strength seems to be affecting the gold price negatively as the technical picture has weakened. The 4 hour cloud support is broken. Next important support is at $1,317, the post CPI report is low, and […]
GOLD PRICES rallied from a brief dip below $1340 per ounce in London trade on Tuesday, rising against a firm US Dollar as New York traders returned from the long Presidents Day weekend. With China’s markets still closed for the New Year of the Dog celebrations, Asian stock markets closed lower while European equities […]
After a long 7-month rally, the oil market again took up the old one. For tug of war. On one side are the American producers of black gold, for which the current prices provide an excellent opportunity to increase the production volumes. In February, it jumped to a record of 10.27 million b / s […]
Recently, gold has been trading downwards. The price tested the level of $1,336.00. According to the 30M time frame, I found that the price is trading in the downward channel, which is a sign that sellers are in control. I also found a broken bearish pennant in the background, which is another sign of weakness. […]
Cryptocurrency fraud has generated over 1,200 complaints to the Australian consumer law monitoring authority in 2017. Data from the Australian Commission on Competition and Consumers (ACCC) disclose 1289 complaints, some of which seem to refer to ICO. Australia has not responded to the recent requests from international regulators to closely follow the sale of cryptocurrency […]
In the holiday season, the currency market makes uncorrelated movements that are difficult to attribute to a specific reason. The USD continues to slowly strengthen across the board, only AUD is currently higher. In the commodity market, gold and copper are falling down, but oil is holding tight. On Tuesday 20th of February, the event […]
Gold price has broken below the $1,340 level. The price is heading towards the cloud support as expected after getting rejected once again at the $1,350-60 area. The price got rejected for the second time at the long-term resistance level. In the 4 hour chart, Gold price is still above the Ichimoku cloud (Kumo). Trend […]
Breaking forecast 02/20/2018 EURUSD: Consolidation before growth. The whole technical picture indicates the incompleteness of the upward trend: No reversal figure. The price is well above the support line. Major safe haven assets – yen, franc, gold, pound -are pictured directed against the dollar. At the same time, before the increase can be significant, there […]
Overview The Gold price settled around 1,345.00 level after the strong decline that it witnessed on last Friday, noticing that stochastic got rid of its negativity and gained clear positive momentum on the four hours’ time frame, while the EMA50 continues to support the price from below. Therefore, we expect to resume the bullish track […]
Overview The Silver price tests the support base formed above 16.56 level, which represents the first protecting factor to the continuation of the recently suggested positive scenario, waiting to resume the bullish trend that its next target located at 17.43. Therefore, we will keep our bullish overview unless breaking 16.56 followed by 16.15 levels and […]
