Since our previous analysis, gold has been trading downwards. As I had expected, the price tested the level of $1,180.17 in a high volume. Using the market profile analysis, I found the fairest price today at the level of $1,186.30. Besides, I found a trading range between the price of $1,180.00 (support) and the price […]
Gold price broke through the $1,200 support yesterday and declined towards $1,180-$1,170 as expected. We are now at the final stages of the decline in gold prices as this will mark a similar low of high importance as the $1,045 low. Green line – support Blue lines – wedge Gold price has reached the $1,180 […]
Overview The gold price has been hovering around $1,211.31 levels since yesterday, while stochastic keeps providing positive signals on the four-hour time frame, which is likely to make the price resume the expected bullish bias in the upcoming period. Bullish targets begin by surpassing the $1,225.85 barrier opening the way to $1,249.94 as the first […]
Overview The silver price tested the key support at $16.56 and held above it, thus keeping the bullish trend scenario valid until now. The count is also supported by stochastic positivity shown on intraday time frames. The price is likely to head towards $17.43 initially. The mark of $16.56 represents the 61.8% Fibonacci correction level […]
Since our previous analysis, gold has been trading downwards. As I had expected, the price tested the level of $1,209.86 in a high volume. Using the market profile analysis, I found a strong point of control from 2 days ago at the price of $1,214.00. The price made resistance cluster today near this level; and […]
Gold price continues to trade sideways around the $1,220-$1,210 area where the 50% Fibonacci retracement of the entire rise from $1,045 is found. Gold price has not given any confirmation of a trend reversal, so a trend remains bearish and price is in danger of breaking below $1,200. My longer-term view remains bullish Gold. Blue […]
Overview Gold has been trading in a tight range since morning keeping its stability above 1,211.31. As long as the price holds above this level and above 1,200.00, our bullish trend expectations remain valid and active for today. The first target level to be tested lies at 1,249.94. Breaching this level will extend gains to […]
Overview Silver price opens today’s trading with clear bullish bias after failing to break the 16.56 level in the past days, This failure hints the strength of the mentioned level that represents 61.8% Fibonacci correction level. The rise measured from 13.75 to 21.22 provides positive chances to target the 17.43 level initially in the upcoming […]
Since our previous analysis, gold has been trading sideways next to the price of $1,214.80. Using the market profile analysis, I found a strong multiday point of control near the price of $1,225.00. I also found a potential bearish flag formation, which is a sign of weakness. Watch for a potential breakout of the upward […]
The gold price is reversing higher from the 50% Fibonacci retracement. The price is making higher highs and higher lows in the short term increasing the chances of a bigger reversal. I remain longer-term bullish on gold, but the possibility of an important low to be seen below $1,200 is still alive. Short-term support is […]
Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,217.36 in an average volume. Using the market profile analysis, I found potential intraday bottoming near the price of $1,212.00 on the 15M time frame. I found a higher value area compared to Friday, which is a […]
Gold price is showing short-term signs of an upward reversal. Price is inside my target area for an important low to be created, so the next leg up I expect in Gold could start anytime now. At current levels I’m only buying Gold. Gold has short-term resistance at $1,233 and next at $1,250-70. Gold price […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,202.76 in a high volume. Using the market profile on 15M time frame, I found today’s point of control at the price of $1,208.20. I found signs of a trend dynamic from bearish to bullish. Price is trading above 21SMA, […]
Gold has seen a substantial retracement of 5.18% post the US presidential election, due to the sharp reversal of the dollar. On 11th Nov, the psychologically important level at 1250.00 was broken. Yellen’s testimony, yesterday, has further lifted market expectations on a rate hike. The dollar index hit a record high of 101.435. The strengthening […]
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Currencies: The Dollar continued to surge overnight with new highs across the board. Against the JPY, the USD reached 110.91 its highest since 31th May. Against the EUR, The USD traded at 1.0580, the lowest level of EURUSD since late December last year. Fed fund futures continued to price in over 90% chance of a […]
With the new low yesterday at $1,203 Gold price most probably completed wave C down and 5 wave down from the post election high. Gold price action is placing the last puzzle pieces of the entire correction that started from the highs at $1,375. I remain long-term bullish about Gold. On the 4-hour chart above, […]
Millennial Lithium develops in Argentina Lithium deposits and wants to be in production by 2019, Graham Harris, Chairman & Director, Millennial Lithium Corporation. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#197692 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 […]
Since our previous analysis, gold has been trading sideways around the price of $1,227.10. Using the market profile on 30M time frame, I found a strong 3-day point of control at the price of $1,224.00-$1,226.00. Besides, I found a new upward channel and price respected lower diagonal few times, which is a good sign for […]
Gold price is moving higher early today as the US dollar weakens. Gold price is at very important price levels that justify a bounce if not a bigger reversal for the start of the next leg up. My long-term reversal zone is $1,220-$1,170 and we already have touched a part of this area. Red rectangles […]
Overview The gold price continues fluctuating within a sideways range between the 1,211.31 support and the 1,249.94 resistance. Thus, we still keep our outlook neutral until the price manages to breach one of these levels and detect its next track clearly. Note that a break of 1,211.31 levels will extend the correctional bearish wave to […]
Overview The silver price gradually crawls upwards approaching from retesting the 17.43 level, which represents 50% Fibonacci level that was broken previously. Stochastic reaches the overbought areas thresholds, while the EMA50 forms continuous negative pressure on the intraday and short-term trading. Therefore, we still suggest the bearish trend in the upcoming sessions, and the targets […]
Since our previous analysis, gold has been trading sideways at the price of $1,226.10. Using the market profile on 30M time frame, I found a strong point of control at the price of $1,225.35. Besides, I found a broken upward channel in the background. The metal is now trading below 21SMA, which is a sign […]
The again strong quarterly results from Caledonia and Sierra Metals shows the harvesting after improved investment into their mines and optimization of operations. Klondex did a major step towards becoming a +300,000 ounces gold producer through their acquisition of 2 mines, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video […]
Gold price is trading sideways with a slight positive slope. Price is inside a short-term bullish channel but the bullish trend is still very fragile as long as the Dollar remains so strong. Gold is in a corrective phase and is expected to make or to already have made a major low between $1,220-$1,170. Black […]
Since our previous analysis, gold has been trading sideways at the price of $1,226.10. Using the market profile on 15M time frame, I found strong point of control at the price of $1,223.85. Watch for potential breakout of this level to confirm a downward movement. A downward target is set at the price of $1,211.50. […]
Gold price is in wave 2 and has already touched the Ichimoku cloud support and started a bounce. Gold price has made a long-term low at $1,045 according to my analysis and 5 waves up followed and we are now in a three-wave corrective phase. Black lines – bearish channel Gold price has broken out […]
Since our previous analysis, gold has been trading downwards. As I expected, the price tested the level of $1,212.56 in a high volume. The price met my yesterday’s take profit at $1,226.50. Using the market profile analysis, I found today’s point of control at the price of $1,222.55. Besides, I found that sellers are in […]
Gold price crashed to new lows on Friday and even today closer to our $1,200-$1,180 target area after breaking below $1,250-40. We are in wave 2 down for Gold and this is not the time to be bearish. I expect Gold price to reverse to the upside once wave 2 down is complete. Black lines […]
The Value of the USD keeps appreciating with the Dollar now reaching at 9 month highs. The reason for the appreciations seems to be the perception that inflation will rise higher than expected in the US, greatly due to Trump’s policies in regards to fiscal spending commitment (building up infrastructure, hospitals, schools etc.) as well […]
