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 […]
Gold remains in a bearish trend making lower lows and lower highs. Gold has the potential to fall below $1,300 towards $1,290-80 at least. Any bounce as long as price remains below $1,345 is a selling opportunity. Gold price is trading below both the tenkan- and kijun-sen. Trend is bearish as long as price is […]
Gold has long been tormented, suffering between the largest drop in US stock indices in the past 6.5 years and the decline in the yield of US Treasury bonds. Moreover, the dollar is strengthening. Ultimately, the last factor won, forcing the quotes of the XAU / USD pair to collapse to four-week lows. Impressed with […]
Overview Gold price ended yesterday’s trading below 1,335.40 that confirms the return of the correctional bearish trend in the intraday trading. We are waiting for a test of the 1,316.48 level as the next station. Therefore, the bearish trend is suggested for the short term, supported by the EMA50. Please note that breaking the target […]
Overview Silver traded with a downward bias yesterday, aiming to test the key support of 16.56. This is needed to keep the price stability above it. Besides, stochastic is still providing positive signals on the daily time frame. Such price action encourages us to keep the overall bullish scenario for the short term. We are […]
Recently, Gold has been trading downwards. The price tested the level of $1,322.45. According to the 30M time – frame, I found a successful rejection of the pivot level at the price of $1,330.23, which is a sign that sellers are in control. I also found a hidden bearish divegence on the stochastic oscillator, which […]
GOLD PRICES rallied from yesterday’s near 4-week low against the Dollar on Wednesday but held below $1330 per ounce as world stock markets failed to follow Wall Street’s sharp bounce from the last week’s 6% plunge. Both the Euro and British Pound continued their retreat against the US currency on the FX market, helping […]
Gold price broke below the $1,334-30 support and pushed towards $1,319-23 where the Head and shoulders neckline support is found. The price briefly broke the neckline but reversed back upwards towards $1,331. As long as price is below $1,345 I believe it is more probable to see $1,310. Blue line – neckline support Black rectangle […]
GOLD PRICES fell $10 per ounce against a resurgent US Dollar on Tuesday in London, erasing this week’s earlier gain as world stock market sank for a third session running. Solid gold trading in Shanghai – where the Chinese stock market today sank over 3% – saw global quotes rise to $1345, with Tuesday’s […]
The correction of oil has been brewing for a long time, and its catalysts have come from the stock market increased volatility, a stronger dollar and a report on the growth of production in the United States to 10.038 million b / s in November, which is the maximum since 1970. In the past few […]
Recently, gold has been trading sideways at the price of $1,3430. According to the 30M time frame, I found a well created upward channel, which is a sign that buyers are in control. I also founda oversold condition on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential […]
Gold price remains inside a trading range of $1,330-$1,347. Trend is bearish as price remains below the 4-hour Kumo. Early today, price is testing cloud resistance. Bulls need to be careful as long as price is below the Kumo. Black rectangle – resistance Gold price shows rejection signs at the 4-hour Kumo. Resistance at $1,347 […]
That is history’s view at least… GOLD PRICE up, stock market down, writes Adrian Ash at BullionVault. It hardly makes an auspicious first day for Jerome Powell’s tenure as chairman of the US Federal Reserve. Whether the legal scholar and former Fed governor can save the stock market after its near record-breaking […]
GOLD PRICES rallied $5 per ounce from Friday’s $20 drop in London trade on Monday, rising to $1335 against a stronger US Dollar as a sell-off hit world stock markets for the 5th time in 6 trading days. With former Fed governor Jerome Powell today replacing Janet Yellen as chair of the world’s single […]
The US Dollar stabilized after Friday’s increases caused by the better-than-expected US labor market report.The stock market has bigger problems because higher wages mean a revival in inflationary pressure and more active Fed in interest rate hikes. The SP500 fell on Friday by 2.54% and gave a signal for sales in Asia. Japanese Nikkei 225 […]
Gold price got rejected last week at the upper cloud boundary in the 4-hour chart. Price is vulnerable to a push lower towards $1,310-$1,300 over the coming days. An important top has been made in Gold and the pullback has started. Black rectangle – resistance Green rectangle – support Gold price has broken below the […]
Overview Gold price is trading sideways in a tight range, settling around 1,345.00. As long as the price is below 1358.40, the bearish scenario will remain valid for today. This scenario is supported by stochastic’s current negativity. Please note that breaking 1,335.40 will open the way towards our next main target at 1,316.48. The expected […]
Overview Silver price is trading sideways in a tight range, settling below 17.43. Let me remind you that holding below this level will keep our bearish outlook valid. We are waiting until the 17.05 level is broken to reinforce the chances of heading towards our main target at 16.56. Therefore, we still suggest the bearish […]
GOLD PRICES sank $10 inside 30 minutes Friday lunchtime in London as new US data showed a stronger-than-expected rise in new jobs plus the largest annual rise in average wages since January 2009. The Dollar jumped on the FX market, extending an overnight rally begun as the Bank of Japan became the first central […]
Recently, Gold has been trading sideways at the price of $1,344.00. Anyway, according to the 30M time – frame, I found a successful rejection of strong resistance cluster at the price of $1,347.00, which is a sign that buying looks risky. I also found a bearish momentum, which is another sign that sellers are in […]
Gold is holding above support although it tested $1,336 yesterday, now it is trading above $1,347 and is challenging cloud resistance. Trend is about to turn bullish again in the 4-hour chart as price is about to break above the cloud. Today’s NFP announcement is expected to provide some volatility in Gold prices. Black rectangle […]
GOLD PRICES fell back below $1340 per ounce in London’s wholesale trade Thursday despite the US Dollar slipping again on the currency market after the Federal Reserve’s “no change” decision on interest rates overnight. Janet Yellen’s final meeting as Fed chair saw policymakers at the US central bank signal they’re on track to take […]
The US Dollar finds support from a slightly hawkish FOMC message, because the March interest rate hike remains in play. EUR/USD is stable at 1.24. The equity market revolves around reference levels. Oil remains high after yesterday’s rebound.The stock market in Asia seems lost without an indicated direction on Wall Street. Nikkei 225 managed to […]
Gold price made a new low and revisited its highs next after the FOMC. So far, it is trading in a range between $1,350-$1,330. A break out will give a big move towards $1,300-$1,280 or $1,400. Black rectangle – resistance Green rectangle – support Gold price is trading below the 4 hour Kumo. Bears have […]
Investors remembered the previous year with enthusiasm, when working with gold, a simple strategy was relevant: as the FOMC meeting was approaching, at which the federal funds rate was to be raised, it made sense to sell the XAU/USD. On the topic of monetary tightening, the precious metal, on the contrary, was redeemed on the […]
Overview Gold price is hovering around the EMA50 now. The bearish scenario is still valid for today as long as the price remains stable below 1,353.00. Let me remind you that we need to break 1,335.40 to confirm a longer bearish wave towards 1,316.48 as the next station. We should note that breaching 1,353.00 will […]
Overview Silver price resumes its decline, trading near the minor bullish channel’s support line which is displayed on the chart. The price needs to break the level of 16.95. It should be broken to confirm a further decline towards 16.56. Until now, the bearish trend scenario is still valid as long as 17.43 level remains […]
GOLD BARS dealt in London’s wholesale market held flat against most major currencies on Wednesday morning, edging back up to $1343 per ounce for US investors as world stockmarkets steadied from their 3-sesson drop ahead of today’s US Federal Reserve decision on Dollar interest rates. Heading for a 3.7% rise for the first month […]
Gold price remains near the monthly highs. Price got rejected at the long-term resistance of $1,350 however there is no confirmed reversal here yet. A rejection at the long-term resistance could start a new downward move back below $1,300, if however price manages to recapture the $1,350-55 level, we should expect the resumption of the […]
