GOLD PRICES neared their highest weekly finish against the Dollar in almost 4 years on Friday, trading 3.0% up for the week as the US currency extended its drop on the FX market. Friday morning’s benchmarking auction in London set the highest AM gold price since late January’s 17-month high, finding a balance of […]
Asia is continuing the holiday break, so the market participants can observe further weakening of the USD and sustaining increases in the stock market. EUR/USD hit 1.2450, USD/JPY went down to 105.50. AUD is also very strong. The weakness of the dollar supports increases in gold and crude oil prices. On Friday 16th of February, […]
Gold price is making new highs, and price remains in a bullish trend. The price remains below the January highs but it is expected to move above them. This is not the time to be chasing the bullish trend. When breaking above the $1,334 resistance was the time to buy. Now it is time to […]
Overview Gold price shows sideways trading since morning and it remains stable near 1355.00, as long as the price above 1335.40, so the bullish trend scenario will remain valid in the upcoming period, reminding you that our next target at 1365.97, whule breaching this level represents the rally key to 1395.00 as a next main […]
Overview Silver price resumes its positive trading calmly after surpassing the EMA50, which supports the continuation of our bullish trend expectations for the rest of the day, where our next target at 17.43, pointing that stochastic keeps providing the suggested bullish wave, and its continuation conditioned by holding above 16.56 and the most important above […]
GOLD BULLION hung onto four-fifths of its sharpest 1-day gain since August in London trade on Thursday, holding firm as world stock markets rose again despite longer-term US interest rates holding at multi-year highs after yesterday’s inflation data beat Wall Street forecasts. The Dollar fell again, with the single currency Euro briefing touching $1.25, […]
Valentine’s Day leap in yields and interest rates sees gold price rise… OKAY, this is weird, writes Adrian Ash at BullionVault. “Increase in US inflation sparks bond sell-off,” as the Financial Times reports. “Treasury yields hit 4-year highs,” the FT goes on, referring to the interest rate now offered by 10-year bonds, […]
Gold price reacted negatively after the CPI report yesterday, as Dollar strengthened, but very fast afterwards price reversed upwards and took back all its losses. Price was then trading at the $1,334 resistance are by our Kumo (cloud). As Dollar weakened, Gold price broke above next resistance at $1,344 and moved back above the $1,350 […]
GOLD BULLION prices fell as the Dollar jumped on stronger-than-expected US inflation data Wednesday, only to recover the drop as fixed-income bond prices fell, pushing longer-term interest rates higher once more. World stock markets also sank and then rallied on the news, with Germany’s Dax regaining a previous 1.0% loss by mid-afternoon in Frankfurt. […]
Recently, the Gold has been trading upwards. The price tested the level of $1,336.97. Anyway, according to the 30M time – frame, I found that price has broke the upward trednline, which is sign that buying looks risky. I also found a successful rejection of pivot resistance 2 at the prrice of $1,336.80. My advice […]
Gold price is making higher highs and higher lows. The rice is challenging short-term cloud resistance at $1,334 as we expected. Today’s inflation data announcement will play a decisive role on what Gold will do next. Break out and/or get rejected? Black line – resistance trend line Gold price has broken above the black trend […]
After the panic sales that ended on February 9, stock markets recovered partially, but further growth looks questionable. As it turned out, the markets have accumulated a significant negative potential, which does not allow to support growth, and at the heart of this potential are deep-seated problems of the American economy. FRB San Francisco notes […]
Overview Gold price is carrying on a rally to reach the thresholds if the first target approaches 1,335.40. This keeps the bullish scenario active in the short term. Let me point out that surpassing this level will extend the gains to reach 1,365.97. Besides, holding above 1,316.48 is an important condition for extending the rally. […]
Overview Silver price begins to test the key resistance 16.56. As we mentioned in our recent reports, breaching this level is required to confirm extending the bullish wave towards 17.43. Please note that stochastic is generating a positive signal now to provide momentum that we are waiting for. So, the price has gained fresh impetus […]
GOLD PRICES rallied again versus the weakening Dollar in London trade on Tuesday, briefly touching $1330 per ounce as the US currency extended its losses after President Trump sent his 2019 fiscal plan to Congress for approval. “After so stupidly spending $7 trillion in the Middle East, it is now time to start investing […]
The oil futures marked the worst five-day period in the last 2 years, and only the rebound of US stock indices allowed the bulls to find the ground under the feet of the black gold. Over the past few months, Brent and WTI have confidently moved north due to optimism about improving the health of […]
Recently, Gold has been trading upwards. The price tested the level of $1,330.00. Accorrding to the 15M time – frame, I found a successful rejection of the support at the price of $1,328.00, which is a sign that selling looks risky. I also found a higher highs and higher lows today, which is a sign […]
Gold price remains in a bearish short-term trend as price is below the 4-hour Kumo (cloud) at $1,334-41. Price is bouncing to challenge cloud resistance. Bulls need to be cautious in case we see a rejection at $1,334. On the other hand, bears need to push price back below $1,321 as soon as possible. Black […]
SPOT GOLD bounced back on Monday morning in London as the US Dollar declined after last week’s rally while investors wait for US President Trump’s spending plan and inflation data, writes Steffen Grosshauser at BullionVault. Gold Prices started the week by rallying from $1316 to $1319 per ounce after their second consecutive weekly decline, while […]
Recently, the Gold has been trading sideways at the price of $1,320.00. According to the 30M time – frame, I found that rejection of the pivot resistance 2 at the price of $1,328.00, which is a sign that buying looks risky. I also found a breakout of intraday support cluster at $1,322.00, which is a […]
We are starting a new week on the financial markets, where from the beginning we can see a mixed attitude for the American currency. The US Dollar index is traded today 0.3% lower, which gives us an EURUSD pair around 1.2300. Looking at the macroeconomic calendar, we see a typical Monday with the lack of […]
The Gold price as expected is bouncing towards the broken neckline resistance of $1,326. Support at $1,310-$1,307 held and produced this bounce. It is important for bears to see a rejection today and a break below $1,312 otherwise bulls could be preparing for a higher high and a break towards next important resistance of $1,337-40. […]
GOLD PRICES steadied against the rising Dollar on Friday but headed for the 3rd weekly loss of 2018’s six weeks so far at $1315 per ounce amid what traders called “carnage in the stock market.” Gold prices in all other major currencies bar the Japanese Yen held firm for the week, rising in Sterling […]
Recently, the Gold has been trading sideways at the price of $1,316.00. According to the 30M time – frame, I found confirmed head and shoulders pattern (bearish) in the background, which is a sign that seller is in control today. The price also respects a pivot level at the $1,316.00 which is another sign of […]
Gold price is in a bearish short-term trend as price is below both the tenkan- and kijun-sen indicators. Gold is making lower lows and lower highs and is expected to move towards $1,300-$1,280 area once we break below $1,307. Blue lines – horizontal support Despite the risk off sentiment in equity markets and the weak […]
GOLD PRICES bounced $10 per ounce from new 5-week lows against a rising US Dollar in London on Thursday, rallying to $1316 as Western stock markets also fell hard once again. Commodities held flat, but major government bond prices dropped, driving longer-term interest rates higher. Benchmark UK Gilt yields neared the highest since […]
Overview Gold price crawls downwards gradually on its way towards our expected target at $1,301.20. As long as the price is below $1,316.48, the bearish trend scenario will remain active for today. Note that breaking the target level will extend losses and bring gold prices to the level of $1,285.90 as a next station. Breaching […]
Overview Silver price keeps trading in the negative zone, moving away from 16.56 level. It supports continuation of our bearish overview. Our long-awaited target is located at 15.49, while holding below 16.56 represents the most important condition to continue the suggested decline. The expected trading range for today is between 16.00 support and 16.50 resistance. […]
Failing that, ask its pension fund for a few index-linked Gilts… The BANK of ENGLAND announced its latest policy decision in London today, writes Adrian Ash at BullionVault. In effect it told UK investors and savers to buy gold. Because gold tends to rise when interest rates fail to rise faster than the […]
The Dollar index has reversed short-term trend to bullish. Price broke above the 89.60 resistance level, has also broken out above the 4-hour cloud, back tested it as expected and is making new higher highs. For the last few weeks I have been saying that the downside was limited and we should expect a big […]
