Gold has broken out of the downward sloping wedge pattern and yesterday it pulled back to back test the breakout area. Price made a higher low so far, but the short-term trend remains bearish as long as the price is below the Kumo. Blue line – resistance Red line – support The Gold price is […]
Global macro overview for 31/10/2017: The recent weeks have left investors sharply negative about the US Dollar. Just two months ago, the market discussed d the low probability of tax cut approval and a rate hike in December. Today, both scenarios are baseline, which, together with the fears of a US-North Korean conflict and strong […]
Recently, gold has been trading sideways at the price of $1,273.50. According to the 15M timeframe, I found a broken support cluster and the pivot level lies at the price of $1,274.70, which is a sign that sellers are in control today. I also found a broken upward trendline in the background, which is another […]
Three Mines in production for base & precious metals from Peru and Mexico, Mike McAllister, VP Corporate Development, Sierra Metals Inc. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#223623 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 […]
Bitcoin ‘to da moon!’ is slaying Google searches to ‘buy silver’… QUICK! Can you name this asset? asks Adrian Ash at BullionVault. There’s not a moment to lose… It’s got a storming story – new technology, China, mass adoption, the future, you name it; Scarcity is guaranteed (kinda), with a huge shortage certain […]
GOLD PRICE gains of 0.5% evaporated in Dollar terms in London trade Tuesday as European stock markets rose with government bond prices despite the “internationalization” to Belgium of Catalonia’s separatist push against Spain. With Dollar-gold trading down to last week’s finish at $1272 per ounce — the lowest Friday close since early August — the […]
Aurvista Gold is a well-funded gold exploration company focused on advancing one of the largest undeveloped gold projects in Quebec. The Company’s district-scale 330+ km² Douay Gold Project is located along a 40km segment of the Casa Berardi Deformation Zone within the prolific Abitibi Greenstone Belt. The Project hosts a multi-million ounce gold deposit that […]
Gold price made a higher high in the very short term yesterday, breaking above and out of the downward sloping wedge, but price remains below the 4 hour Cloud resistance. The trend remains bearish. Blue line – resistance Red line – support Gold price is trading above both the tenkan- and kijun-sen indicators in the […]
Recently, the Gold has been trading sideways at the price of $1,271.00. According to the 15M time – frame, I found broken intraday bearish flag formation, which is sign that buying looks risky. I also found broken pivot level at $1,270.36, which is another sign of weakness. My advice is to watch for potential selling […]
GOLD PRICES inched lower on Monday morning in London ahead of a busy week for central bank policy meetings, plus Donald Trump’s pick for the next head of the US Federal Reserve, writes Steffen Grosshauser at BullionVault. After the European Central Bank slowed its QE stimulus growth last week, the Bank of Japan will […]
Technical outlook: The yellow metal seems to have dropped into 5 waves from $1,357.00 levels as labeled here until October 06, 2017. An impulse normally leads to a 3 wave correction and the rally between $1,260 through $1,306 seems to be the first corrective wave. The drop from $1,306 towards $1263 lows made on Friday […]
The Gold price remains in a bearish trend at least in the short-term. Price continues to make lower lows and lower highs below the Kumo (cloud). A move towards $1,260-50 is not out of the question as long as we trade below $1,283. Blue line – resistance Red line – support The Gold price is […]
Overview The Gold price settled near our waited target at 1263.15, reminding you that this level represents 61.8% Fibonacci correction for the rise measured from 1204.81 to 1357.53, which means that breaking it will extend Gold price losses to reach 1240.85 direct, especially that the price moves within bearish channel supported by the EMA50. In […]
Overview Silver price returns to decline calmly and approach from the key support 16.56, and as we mentioned in our recent reports, holding above this level is important to continue the overall positive scenario, as breaking it will push the price to visit 15.49 areas before any new attempt to rise. Stochastic shows clear oversold […]
Stefan Ingves, CEO of Riksbank, expressed satisfaction with the condition of the Swedish economy. CPI inflation in the projection period should stabilize around the inflation target, he said, allowing a debate on the future of QE in the coming months. The forecasts made by Riksbank assume a rate hike in mid-next-year. The strength of the […]
Recently, the Gold has been trading downwards. The price tested the level of $1,264.00. According to the 15M time – frame, I found that price is trading below the pivot level $1,271.00, which is a sign that sellers are in control today. There is also a hidden bearish divergence on the stochastic oscillator, which is […]
GOLD BULLION headed for its lowest weekly close since the start of August today, losing over 1% against the rising Dollar from last Friday’s finish as world stock markets rose yet again. After Thursday’s latest data showed the US trade deficit, jobless benefit claims and pending home-sales all worsening, GDP figures for July to […]
Bitcoin is currently struggling to break above $6,000 price resistance level which is expected to be broken above in the coming days. The price has created higher lows which indicates pre-breakout structure with a Triangle pattern in the chart which is more likely to break upwards. After appearance of Bitcoin Gold, Bitcoin has been quite […]
Bitcoin analysis for 27/10/2017: More and more stock exchanges are being withdrawn from support for SegWit2x, but in the distance, there are already signs of the next fork. This time cryptocurrency market participants will be preparing for Bitcoin Silver. Bitcoin Silver developers have told Bitcointalk forum, that their plan is to make Bitcoin decentralized again. […]
Yesterday’s ECB decision to keep interest rates unchanged and extend the QE program for another nine months was a predictable choice, so EUR/USD dipped towards the 1.1662 and GBP/USD towards 1.3082. USD/JPY went as high as 114.37. On commodity market Gold made a new local low at $1,267. The German DAX made a new high […]
Gold price has broken to new lows. In our last analysis we said that a new rejection at $1,282-83 would be a bearish signal and that a new low would not be avoided. Trend remains bearish. Although the Wedge pattern was broken upwards, price was not strong enough to break above the short-term resistance. Blue […]
GOLD PRICES fell against a rising US Dollar on Thursday but erased this week’s earlier 0.7% loss versus the Euro currency as the European Central Bank unveiled a smaller than expected “taper” of its quantitative easing program. Vowing to keep its zero and negative interest-rate policy unchanged “for an extended period [and] well past […]
zd Overview: The USD/CHF pair is still trading in the bullish trend from the support spot of 0.9870- 0.9900. On the H4 chart, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that it is still in a bullish trending market. As the price is still above the moving […]
Gold is bouncing as expected. However, the price remains below the 4hour Kumo (cloud) while testing the first important short-term resistance by the kijun-sen at $1,283. The short-term trend remains bearish but we have several indications that the low could already be in. Red lines – bullish wedge pattern Gold price has broken out of […]
Trading plan for 26/10/2017: The currency market drifted during the Asian session, but a fall on Wall Street is sustained by the temporary weakness of the USD. EUR is slightly higher before the ECB interest rate decision. Nothing interesting happens on the oil market, while gold uses the dollar’s weakness and extends the bounce. On […]
The renewal of the October low will increase the risks of continuing the southern campaign of XAU / USD pair. The “bears” are inspired for XAU / USD for new attacks because of the victory of Shinzo Abe’s party in the parliamentary elections in Japan, the departure into the shadows of the North Korean issue, […]
Ascendant bought in fall 2016 the El Mochito mine from Nyrstar and turned it immediately around with already positive EBITDA in July and August 2017. The company expects from Q4-2017 on-wards positive free cash flow and to be profitable in 2018. Future production is planned with 90 Mio. pounds Zinc equivalent. Jochen Staiger, CEO & […]
The Gold price has made new lows earlier today but the oscillators are not following to new lows. The trend remains bearish. There is a bullish wedge pattern in play, and a breakout should signal the start of the next upward leg. Blue lines – downward sloping wedge Red lines – expected price path Gold […]
Overview: The USD/CHF pair is still trading in the bullish trend from the support spot of 0.9810- 0.9836. On the H4 chart, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that it is still in a bullish trending market. As the price is still above the moving average […]
While Kurdistan is at war with the federal forces of Iraq, OPEC is optimistic about the stabilization of the situation on the oil market, and while Brent is preparing for the first time in two years to storm the psychologically significant level of $60 per barrel, the United States is altering the world for themselves. […]
