Overview Gold price closed yesterday’s trading above $1,281.17 level, noticing that the last decline is confined inside falling Wedge pattern which signs appear on chart. As the price attempts to breach its resistance and moves above its resistance now, which hints the price head to regain the main bullish trend again and stop the negative […]
Global macro overview for 24/10/2017: The New Zealand Dollar is usually strong in the periods of risk appetite, but in recent days has been hit by the domestic political developments. The overnight bumps sparked reports that the new government is planning to “revise and reform” the law governing the Reserve Bank of New Zealand. This […]
President Donald Trump said that he is “very, very close” to announcing his nominee for chairman of the Fed. Trump is considering Stanford University economist John Taylor and Fed Governor Jerome Powell, although Fed Chair Janet Yellen could be reappointed (but it’s clear that Yellen is never a favorite of Trump). Reportedly, Trump’s advisors are […]
The dumbest investing idea you’ll read before the next stockmarket crash… SO LAST WEEK’s LBMA conference in Barcelona coincided not only with the city’s split over independence for Catalonia, writes Adrian Ash at BullionVault. It also saw the 30th anniversary of the 1987 stock market crash, the sharpest ever plunge in major world […]
Recently, the Gold has been trading sideways at the price of $1,278.00. Anyway, I found rejection from supply cluster near the pivot resistance 1, which is a sign that buying looks risky. There is also a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for […]
Bitcoin analysis for 24/10/2017: The planned Bitcoin fork will be held not on 25/10/2017 as originally announced, but the day before, at the height of block 491407, when miners begin to form blocks with the new proof-of-work algorithm, Equihash. Of course, Blockchain Bitcoin will remain the same, while the new segment will be split from […]
Volcanic Gold Mines has a great team and consolidates a massively under-explored gold district in Guinea in Africa and the neighboring countries. The team will create a leading junior gold resource company with future production potential, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive […]
The Gold price has broken out of the downward sloping wedge pattern but has stopped right at the short-term cloud resistance at $1,282. Price needs to break above $1,282 and especially $1,290 for any upward move to consider the start of the next upward move to $1,400. Blue line – resistance (broken) Red lines – […]
Bitcoin analysis for 23/10/2017: Research by CB Insights shows that Goldman Sachs, Google and Citi Bank are among the five most active corporate investors in Blockchain. According to the report, financial services companies and major banks were the first corporate users of the technology. On the basis of the information contained in the report, as […]
The Gold price got rejected last week and has made a new short-term low below $1,277. Price is making new lows but the RSI is not. The price remains close to the 61.8% Fibonacci retracement of the latest rise but the weekly chart warns that unless we see a swift reversal upwards, we could push […]
Millennial Lithium will be the next Lithium producer from Argentina and should be in production by 2020 hitting a growing and strong demand from e-mobility worldwide. Company is financed and moves rapidly in permitting and drilling, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive […]
Bitcoin analysis for 20/10/2017: On October 16, Ilan Goldfajn, president of the Central Bank of Brazil (Banco Central do Brasil), disregarded Bitcoin. He said: “Bitcoin is a financial asset without the ballast people buy because they believe it will grow. This is a typical bubble or pyramid.” Many huge jumps in value made Goldfajna’s unfavorable […]
Trading plan for 20/10/2017: The US Senate approved the budget for 2018 yesterday. In the first reaction, EUR/USD fell from around 1.1850 to 1.18. USD/JPY shot up to 113.30 and GBP/USD went down at 1.31. US Dollar gains versus other majors without exception and in the Asian session, the weakest are JPY and NZD and […]
Gold price stopped its recent rise from $1,277 support at the short-term resistance at $1,290. Price pulled back overnight towards $1,282 where the 61.8% Fibonacci retracement of the latest rise is found. As can be seen in the 30min chart above, price has stopped the decline at the 61.8% Fibonacci retracement. Short-term support is at […]
Overview Gold price begins today’s trading with a bearish bias, moving below 1,281.17 level after closing the daily candlestick below it. This puts the price under more expected negative pressure on the intraday basis, targeting 1,263.15 before attempting to return to rise again. Therefore, we expect more decline in the upcoming sessions supported by the […]
Global macro analysis for 19/10/2017: In New Zealand, The Labor Party will form a cabinet with the support of the NZ First. The NZD/USD rate is almost 1.5% lower, so this violent reaction of the market is a sign that investors strongly favor the coalition of the Conservative Party with NZ First instead. Moreover, the […]
Barcelona conference loved palladium, shrugs at gold prices… GOLD PRICES again proved the least interesting and least discussed issue at this year’s LBMA conference, writes Adrian Ash at BullionVault. Palladium everyone loves. It’s got narrative (gasoline hybrid autos need pall’ catalysts, while platinum’s diesel market is hated by lawmakers and headline-writers) plus momentum […]
Trading plan for 19/10/2017: The overnight trading was again without major changes. EUR/USD is holding around 1.1800, USD/JPY is 113.00 and GBP/USD is trading around 1.3200. The data from China confirmed, that Chinese economy in the third quarter grew at a consensus 6.8% on a yearly basis. On Wall Street moderate gains and relative strength […]
Gold price has reached the support at the 61.8% Fibonacci retracement. I expect an upward reversal from current levels. If this does not happen, we should expect gold to fall towards $1,240-50. Blue line – expected move Gold price is testing the lower Ichimoku cloud boundary and the 61.8% Fibonacci retracement. Oscillators are oversold and […]
The reduction in the degree of geopolitical risks, the growth of the yield of US Treasury bonds and the strengthening of the dollar made gold notch a three-day decline in prices. The precious metal has returned to the weekly low, and judging by the growing probability of tightening the Fed’s monetary policy in December to […]
Overview Gold price is trading lower, heading for the key support at 1,281.17. Traders are advised to excercise caution in the short term, as settling below this level will extend Gold price losses to reach 1,263.15 in the upcoming period. In general, we will keep today’s bullish scenario valid on condition of holding above 1,281.17. […]
Overview Silver price is trading lower to move below the bearish trend line again. This might push the price to test the key support 16.56 before turning back to rise again. Stochastic keeps getting rid of its negative momentum to support the expectations of a further overall bullish trend, which is holding above 16.56. The […]
Recently, Gold has been trading downwards. The price tested the level of $1,278.90. According to the 15M time – frame, I found that sellers are in control and that pivot support 1 at the price of $1,278.95 is on the test. If the price breaks the S1, watch for potentential selling opportunities. The downward targets […]
Trading plan for 18/10/2017: The FX market remains tight and stock indices consolidate recent gains. Gold reverses Tuesday’s gains and Crude Oil is rallying higher by a good API report. The 19th Congress of the Communist Party of China has started, but so far the conference has brought more pompous language than the announcement of […]
Gold price is near short-term support of $1,280-82. Gold price should bounce from current levels and break above $1,303 in order to move towards $1,400 to get started. Otherwise, we are in danger of moving lower towards $1,277 where the 61.8% Fibonacci retracement is found. Gold price is at the upper Kumo (cloud) boundary and […]
Markets can be punished for conceit. For a long time, investors ignored geopolitical risks and were confident that the North Sea grade of oil would be quoted within the range of $40-60 per barrel for long term. The is because the prices increased above the resistance level that will probably increase production in the U.S., […]
The Bitcoin (BTC) has been trading sideways at the price of $5.665. At the moment there are two forks planned for the Bitcoin network, and cryptocurrency proponents are curious about taking the best preparations. One fork is called Bitcoin Gold which is scheduled for October 25, while the other hard fork Segwit2x (BTC1) will take […]
Recently, the Silver has been trading downwards. As expected, the price tested the level of 1.3250. According to the 15M time – frame, I found bearish flag in creation and fake breakout of pivot point at 1.3260. I also found shoting star candle in the background, which is another sign of weakness. My advice is […]
Trading plan for 17/10/2017: At night we saw transient reactions after CPI from New Zealand and RBA minutes, but overall the Asian session went into a sleepy atmosphere. The stock market maintains a positive sentiment, which indirectly weakens the gold.However, the value of USD on the market remains modest. EUR/USD drops below 1.1770 and USD/JPY […]
Gold price reversed yesterday and has pulled back below $1,300. As we mentioned a couple days ago, the area of $1,305-$1,310 is an important resistance area and a pullback from that area towards $1,280 was justified. In Ichimoku cloud terms, this pullback is considered a buying opportunity. Price is above the 4-hour Kumo. Price is […]
