GOLD INVESTMENT bars pushed their New Year 2018 gains to 2.3% versus a falling Dollar in London trade Friday, rising even as world stock markets extended yesterday’s fresh record highs in US equities. Large bullion bars traded by wholesalers and investment dealers reached new 4-month highs at $1332 per ounce before edging back after […]
Recently, gold has been trading upwards. The price tested the level of $1,333.15. According to the 4H time frame, I found a broken 7-day rectangle, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward projcted targets for the rectangle pattern are set at $1,341.00 […]
A calm night passed on the forex market with little change, though trends from Thursday have been sustained. EUR/USD approached 1.2065, supported by hawkish mentions in minutes of the ECB. USD remains in the middle of the area, modest increases are recorded by EUR, SEK, and GBP; on the other end are AUD, CAD, and […]
Gold price made a new higher high overnight. Trend remains bullish. Price remains supported. RSI is diverging. Bulls remain in control of the trend. Red lines -bearish divergence signs Gold price has short-term support at $1,316 and resistance at $1,330.50. I’m still bearish but price does not follow my view. Price remains supported above the […]
GOLD PRICES rose back above $1320 per ounce against a weakening US Dollar on Thursday as major government bond yields rose once more and Beijing played down rumors it might stop or cut its demand for US government debt. Responding to Wednesday’s claims from Bloomberg that the People’s Bank may stop buying Treasuries as […]
Bitcoin (BTC) has been trading downwards. As I expected, the price tested the level of $12.594 (first target met). Jamie Dimon of JP Morgan Chase says he regrets calling bitcoin a fraud. Now, legacy bank Goldman Sachs is formally recognizing how cryptocurrencies such as bitcoin could act as global money. 2018 might be shaping up […]
Recently, Gold has been trading sideways at the price of $1,319.00. According to the 30M time – frame, I found a successful rejection of resistance at the prrice of $1,325.00, which is a sign that buying looks risky. I also found a bearish flag in creation and my advice is to watch for potential selling […]
Overview: The pivot point of USD/CHF is set at the point of 0.9810 in the H1 chart. Also, it should be noted that the USD/CHF pair broke resistance which turned to strong support at the levels of 0.9786 and 9756 yesterday. The level of 0.9786 coincides with a golden ratio (38.2% of Fibonacci), which is […]
Overview: On the one-hour chart, the NZD/USD pair bullish trend from the support levels of 0.7152 and 0.7171. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), immediate support […]
The new Uranium Report 2018 was just released by Swiss Resource Capital AG. Uranium prices restarted to rise already to 26 USD per pound and broke the downtrend in the chart. Demand stays high with over 56 nuclear power plants in under construction and over 300 planned worldwide. E-Mobility needs power, Jochen Staiger, CEO & […]
Gold price made a new high yesterday near $1,328 but the oscillators did not confirm it and price fell back down towards $1,315. Price is trading in a sideways manner right now in a tight range. Blue line – diverging highs Red line – support Gold price is trading above the Ichimoku clouds. Trend remains […]
GOLD PRICES jumped 1.2% against a plunging Dollar in London trade Wednesday morning, setting the highest bullion-market benchmark in 4 months as financial markets whipped on rumors that China may stop buying more US government debt for its huge foreign currency reserves. Bloomberg News says officials running China’s $3.14 trillion of central-bank reserves have […]
American lawmakers are so carried away by the rapid progress of tax reform through Congress that they completely forgot the question of who will pay for the banquet? Reducing taxes and increasing the budget deficit requires an increase in the issuance of debt obligations. In purchases of the latter, as a rule, non-residents are involved, […]
Overview: The USD/CHF pair broke resistance which turned to strong support at the levels of 0.9786 and 9756 yesterday. The level of 0.9786 coincides with a golden ratio (38.2% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI […]
Gold price has broken the triangle pattern we mentioned yesterday to the downside. As long as price is below $1,322 I expect Gold to move towards $1,290-80 at first. Gold short-term trend is changing to bearish. As said before, Gold is in a similar place when it was trading at $1,237 but from the bearish […]
Frosts in the northeastern United States, the continuing decline in US oil reserves, the anti-government strikes in Iran, the high level of compliance with contractual obligations by OPEC members, and the weakness of the dollar pushed the quotations of Brent and WTI to the area of three-year highs. However, some of black gold’s advantages, in […]
Overview: The USD/CHF pair broke resistance which turned to strong support at the level of 0.9786 yesterday. The level of 0.9786 coincides with a golden ratio (38.2% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 70. The RSI is still […]
Gold price is consolidating and moving sideways in the short-term. Price has formed a triangle pattern. Triangles are usually found at the last stages of a trend, so we could see a final break out towards $1,330-40 before the reversal. Red lines – bullish channel Blue lines – triangle pattern Gold price remains inside the […]
GOLD PRICES slipped Tuesday in London’s wholesale market, falling for only the fourth time in 16 trading days as world stock markets, commodities and government bond prices all rose yet again. The US Dollar extended this week’s rally from 3-month lows on the currency market, pushing the Euro down to $1.19205, a 7-session low. […]
Overview The gold price shows some bearish bias after testing 1,321.49 levels this morning. As long as the price is above 1,299.20, our bullish overview will remain active for today, supported by the EMA 50 that carries the price from below. A breach of 1,321.49 levels is required to confirm heading towards 1,357.53 as the […]
Overview A tight range continues to dominate the dynamic of the silver price, which moves around 17.20 levels. Thus, there is no change to the bullish trend scenario that depends on holding above 16.55 levels, supported by the EMA50 that carries the price from below. Our main targets begin by a breach of the 17.43 […]
In December, non-farm employment increased by only 148k, less than expected 190k. Wages increased by 0.3% m/m, maintaining the annual dynamic at 2.5%. The unemployment rate remained at 4.1%, as expected. For the market participants, employment is of secondary importance, but the lack of a positive surprise in wages strikes the optimism built after good […]
GOLD PRICES held onto last week’s 1.4% gains in London trade Monday but silver slipped amid a rally in the Dollar on the forex market. World equities pushed up to fresh all-time record highs as major government bond prices also rose, pushing interest rates lower. European banking stocks lagged the broader gain in […]
The Gold price is about to start a correction lower at least towards $1,290. Trend in the very short-term is turning bearish as price has showed topping and reversal signs. The bearish divergence we mentioned last week is starting to push price lower. Blue lines – bearish divergence signs The Gold price has short-term support […]
The world of commodity trading. Series continues by looking at containers, Richard Watts, Managing Director, HR Maritime. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#222188 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer […]
Overview The gold price returns to decline and moves below 1,321.49 levels, postponing the positive scenario suggested in the morning. The price is affected by stochastic negativity and is waiting to get enough positive momentum to resume the bullish bias and breach the mentioned level, keeping the main bullish trend. In general, we still expect […]
But what about those Not Dollar gold investing…? 2018 BEGINS with smart people saying the year ahead looks good for gold investing, writes Adrian Ash at BullionVault. So far the market agrees. The gold price in Dollars has just made its strongest run of back-to-back daily gains since February 2016, rising on 10 […]
Overview The silver price traded negatively in a muted way yesterday in attempt to approach our first awaited target at 17.43, keeping the bullish trend scenario valid as it is without any change. The price is likely to breach this level to confirm extension of the bullish wave towards 18.30, reminding you that holding above […]
GOLD PRICES rose back above $1320 per ounce versus the falling Dollar in London’s wholesale trade on Friday, heading for the highest weekly close in 16 after new data said the United States added far fewer jobs than analysts expected last month. The official non-farm payrolls estimate also put average annual wage growth in […]
Many people see bitcoin as the cryptocurrency preferred by criminals, but according to experts, this is less and less valid. Criminals give up bitcoin for other virtual currencies. In recent years, the internet hidden network (deep web) has gained in popularity. The main attraction that people can find there are the offers of shops selling […]
