The US Dollar suffered shortly due to a lack of agreement in the US Congress regarding the extension of budget financing, which stopped the work of public administration. Similarly, EUR does not feel the reaction of the SPD delegates to the coalition with the CDU. After the broad market, there is no increase in risk […]
Recently, Gold has been trading sideways at the price of $1,331.00. According to the 30M time – frame, I found successful rejection of the upward trendline (support), which is a sign that selling looks risky. I also found a potential bullish flag in progress and a hidden bullish divergence on the stochastic oscillator, which is […]
Gold is making lower lows and lower highs since the high of $1,345 in the 4-hour chart. Trend remains bullish though as price continues to hold above the 4-hour Kumo (cloud). Red lines – bearish divergence Green line – important support Black line- short-term resistance Gold price is trading right above the Kumo (cloud) in […]
Overview Gold price keeps trading with a bullish bias to move away from the key support of 1,321.49. We still suggest the bullish scenario valid for the short term.Let me remind you that our next target is located at 1,357.53 as breaching it represents the key to rally towards 1,375.00 followed by 1,404.00 levels as […]
Overview Silver price continues to fluctuate around 17.00 level, while stochastic attempts to gather the positive momentum on the daily time frame. In general, the bullish trend scenario remains active in the short term as long as 16.55 level is intact. Let me remind you that our upward targets begin at 17.43 and extend to […]
GOLD PRICES rose against the falling Dollar but held flat or fell versus other major currencies on Friday as the US faced a possible government shutdown over lawmakers’ failure to agree a 2018 budget. Asian and European stock markets shrugged off last night’s drop in New York stocks but major government bond prices slipped […]
Yields of 10-year US Treasury Bonds are rising towards four-year highs, but this does not help the US Dollar, as the risk of a government shutdown threatens investors. The stock market in Asia drifted close to the Thursday reference point. Gold is higher a little, Crude Oil is losing 1.3%. On Friday 19th of January, […]
GOLD TRADING in London saw wholesale prices rally from near 1-week lows versus the Dollar on Thursday as the US currency fell again after new data said growth in China’s economy accelerated last year for the first time since 2010. Gold prices popped $5 higher but failed to hold above $1330 per ounce as […]
The Asian part of the session was marked by the growing US Dollar weakness across the board. Only the Canadian Dollar was behaving relatively neutral to USD and finished the night at -0.1%, and that was only because of comments made by Donald Trump about the renegotiation of NAFTA decisions. The Reuters agency clearly draws […]
The Gold price is making lower lows but Ichimoku cloud trend remains bullish as price remains above the 4hour cloud. Key technical and cloud support remains at $1,309 and as long as we are above it, the trend remains bullish. Red lines – bearish divergence signs Green line – support trend line Short-term support is […]
Precious metals became the main beneficiary of the weakness of the US dollar. The impressive growth of the world economy allowed palladium to hit record highs near $1,140 per ounce. From the beginning of the year, platinum added almost 8% and is one of the leaders of the commodity market. Gold managed to break through […]
Overview This week, gold price hit a high at 1,344.70. At present, the metal is showing a slight bearish bias from there. Please note that stochastic is still providing positive signals on the intraday time frames, while the EMA50 continues to carry the price from below. Therefore, we keep our bullish overview on the intraday […]
Overview Silver price bounced upwards clearly after a decline yesterday as the EMA50 managed to protect the price from suffering more losses. Now, the price is on track to the key resistance of 17.43 again. Therefore, our bullish outlook remains valid for the short term. Please note that breaching the mentioned level will push the […]
On Tuesday, after the three-day weekend, American investors returned to markets. They did not have much information on which to base the index movement as there was no reaction after the publication of the January NY Empire State Index data, but let us note that the index was 17.7 points while the market participants expected […]
GOLD PRICES pulled back from 4-month highs above $1340 per ounce for the third day running in London on Wednesday, again trading lower for non-Dollar investors as the US currency fell once more. Asian and European stock markets also headed south after Wall Street marked a “key reversal” from fresh all-time record highs for […]
Recently, Gold has been trading sideways at the price of $1,337.00. According to the 30M time – frame, I found that price rejected of the pivot support at $1,332.00, which is a sign that selling looks risky. I also found positive readings on MACD oscillator, which is another sign of strength. Short-term trend is still […]
Gold price has pulled back from its recent highs at $1,344 as the bearish divergence signs suggested it would. It now remains to be seen how deep this pull back will be. Short-term trend remains bullish as long as price is above $1,309. Red lines – bearish divergence signs Green line – support Short-term support […]
It happened! What seemed like an impossible dream six months ago, managed to come true. “Bulls” in the North Sea grade tested a psychologically significant level of $70 per barrel, although they could not gain a foothold above it on the first attempt. Will they reach it the near future? On one hand, looking at […]
Overview Silver price settles near the key resistance at 17.43, and we are still waiting to breach this level to confirm extending the bullish wave towards our next target at 18.30, reinforced by the positive signal that appears on stochastic. In general, we suggest continuation of the bullish trend domination in the upcoming period unless […]
GOLD PRICES for Euro, UK and Japanese investors fell back near unchanged for 2018 so far on Tuesday and silver fell to a small loss for the New Year as world stock markets pushed up to fresh record highs. Industrial commodities fell but major government bond prices rallied from their sell-off, pulling the yield […]
Technical outlook: We have presented a weekly chart to represent a multi year consolidation of gold prices. It began in November 2015 with lows at $1,047.00 and has unfolded into 5 waves within a contracting triangle, with each wave sub dividing into 3 waves a-b-c as labelled here. The triangle might be terminating into its […]
Early Tuesday trading brings a calm trade on the forex market, which especially for USD means stopping the sell-off. Some timid corrections are seen for USD/JPY and NZD/USD, and the rest of the crosses are practically standing still. The stock market is climbing higher. Gold and Crude Oil are stable. On Tuesday 16th of January, […]
Gold price is trading near its 4-month highs and below long-term resistance of $1,350-60. A rejection at current levels could push price towards $1,290 or even towards $1,270 if the first support fails to hold. Trend is bullish. Gold price is making higher highs and higher lows. Trend is bullish as price is above the […]
The end of days hits New Year 2018… GOLD PRICES have jumped over 8% from this point last month, says Adrian Ash at BullionVault. At the same time, major government bond prices have dropped as 2018 gets started, pushing up the yield offered to new buyers. Bond yields up, gold up? […]
GOLD BAR prices shot to new 4-month highs against the Dollar in wholesale trade on Monday morning in London as the US currency plunged to a 3-year low versus the world’s other currencies amid worsening tensions between nuclear states India and Pakistan, write Steffen Grosshauser and Adrian Ash at BullionVault. With US markets shut […]
Overview: The EUR/USD pair broke resistance which turned into strong support at the level of 1.2204 last week. Moreover, it should be noted that the weekly support is seen at 1.2058. The level of 1.2058 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength […]
The US dollar is losing ground, not convincing anyone with strong economic data. EUR/USD remains strong above 1.22. The stock market is dominated by the greenback. Gold broke over 1,340 USD / oz. In addition, it is expected to be a quiet start to the week as the US celebrates Martin Luther King’s Day. On […]
The Gold price is making new highs. The trend is clearly bullish. Gold has broken out of a consolidation range of $1.326-$1.305 and is testing the long-term resistance at $1,350. Orange rectangle – consolidation range Red line – short-term trend line support The consolidation range is now important support for the Gold price. As long […]
Gold investing can wait ’til the crash. Right…? SO EVERYONE thinks the stock market is about to pull back or even crash, but no one is doing a damn thing about it, writes Adrian Ash at BullionVault. “Many clients we meet are fully invested bears,” reports ever-bearish strategist Albert Edwards at SocGen, “nervously […]
Overview Gold price provided clear positive trading to move away from the key support 1,321.49. This supports the continuation of our bullish outlook for the rest of the day. The metal finds continuous positive support by the EMA50. Let me remind you that our next main target is located at 1,357.53, while holding above 1,321.49 […]
