Technical outlook and chart setups: Gold had broken above $1,270.00 levels last Friday and print new interim highs at $1,284.00 levels before retracing lower. Furthermore, the metal has formed yet another higher low at $1,272.00 levels yesterday. The metal is trading at $1,283.00 levels for now and should be looking to push higher towards $1,295.00/1,303.00 […]
Since our previous analysis, gold has been trading upwards. The price tested the level of $1,283.16 in a high volume. According to the 15M time frame and using the market profile analysis, I found intraday initiative buyers, which is sign that buyers are in control. The price is trading above the yesterday’s value area and […]
Gold price remains above support and is preparing to break above the recent highs at $1,285. A daily close above $1,280 will help Gold push towards $1,300 and higher. I remain bullish from $1,250. Blue line – support trend line Gold price is trading above the Kumo (cloud) and the blue upward sloping trend line. […]
Since our previous analysis, gold has been trading sideways at the price of $1,272.80. According to the 5M time frame and using the market profile analysis, I found intraday distribution in the background, which is a sign that sellers are in control today. Today’s point of control is set at the price of $1,276.70. Watch […]
Gold price remains in an uptrend as price made a higher high and higher low. Price has reached the lower target of $1,280 on Friday. I’m bullish since $1,250 is calling for a strong bounce towards $1,280-$1,300. A major low could still be in but we can’t confirm that yet. Blue line – support Price […]
Overview Gold price is hovering around the EMA50 and the intraday bullish trend line that appears on the chart. Therefore, there is no change in the overall bullish scenario that depends on the stability above 1249.94 level, while its main targets begin at 1297.74. We remind you that breaching 1249.94 level will extend the bullish […]
Overview Silver price shows more fluctuation around the EMA50, and we are still waiting to breach 17.80 level to ease the mission of resuming the main bullish trend. It stopped recently for some bearish correction which is depicted on the chart above. Therefore, the bullish trend scenario will remain valid for the upcoming period unless […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,265.34. According to the 30M time frame and using the market profile analysis, I found rejection of an extreme swing high at the price of $1,272.00, which is a sign of weakness. I placed FIbonacci expansion to find potential objective […]
Overview Gold price shows slight bullish bias supported by stochastic positivity that appears clearly on the four hours’ time frame, to keep the bullish trend active for the rest of the day, waiting to target 1297.74 level mainly, which breaching it represents the key to extend gold price gains towards 1,375.00. Therefore, we will continue […]
Overview Silver price bounced bearishly after failing to confirm breaching 17.80 level yesterday, to approach from testing the key support base 17.43, accompanied by stochastic reach to the oversold areas, which supports the chances of turning back to rise, waiting to head towards 18.30 as a first main target. Therefore, our bullish overview still valid […]
Since our previous analysis gold has been trading downwards. The price tested the level of $1,264.53. The price reached my downward target from yesterday at the price of $1,268.75. According to the 30M time frame and using the market profile analysis, I found rejection of extreme swing low at the price of $1,265.00, which is […]
Gold price pulled back towards short-term support of $1,262 yesterday but still remains above support and above recent low at $1,260. I expect Gold price to push upwards from the current levels towards $1,280-$1,300. Gold price has pulled back towards the Ichimoku cloud on the 4-hour chart. Resistance is found at $1,268-70. Support is at […]
Technical outlook and chart setups: Silver has dropped a bit lower than expected and seems to have formed interim lows at $17.57 level as depicted here. Please note that the metal might be bouncing off the fibonacci 0.786 support of the recent rally as seen on the chart. The metal is seen to be trading […]
Technical outlook and chart setups: Gold has now retraced towards $1,265.00 level as expected and discussed earlier and should resume the rally. The metal is trading at $1,265.00 level for now and should be looking to push higher towards $1,286.00/1303.00 levels from here. Also note that it is bouncing off the interim trend line support […]
Since our previous analysis, gold has been trading sideways around the price of $1,271.00. According to the 30M time frame and using the market profile analysis, I found rejection of extreme swing high at the price of $1,276.30 from yesterday, which is sign of weakness. Watch for selling opportunities on the pullbacks. First downward target […]
Technical outlook and chart setups: Silver had also pushed higher towards $17.86 levels yesterday and remained shy by just a couple pips from previous highs. The metal is seen to be trading at $17.68 levels for now, looking to correct lower towards $17.60/65 levels before resuming higher again (please note that the chart was prepared […]
Technical outlook and chart setups: Gold has rallied and print yet another high at $1,276.00/77.00 levels as seen here. The metal is trading at $1,271.00 levels for now and should be looking to push higher towards $1,280.00/1300.00 levels from here. A corrective drop towards $1,266.00 levels is possible, though before pushing higher. Please note that […]
WTI spot had held above the significant support line at 50.00 in the past two weeks, after retracing from the mid-term major resistance level at 52.00. Yet the support line has been broken yesterday, as the API Crude Oil Stock figure surged to 4.8 million barrels, hit the highest level since this April. The breakthrough […]
Gold price has broken above the trading range and is making higher highs and higher lows. I remain short-term bullish looking for $1,300 to be reached. My long-term view remains bullish. Blue line – resistance Red line – support Gold price is above the Ichimoku cloud making higher highs and higher lows. As long as […]
Since our previous analysis, gold has been trading sideways around the price of $1,270.00. According to the 30M time frame and using the market profile analysis, I found the strong point of control from yesterday $1,265.00. The price broke the point of control from yesterday and I expect higher price. Upward targets are set at […]
Gold price continues to trade just above the $1,262 breakout area. Yesterday we saw a spike towards $1,272 but it was short-lived. This bounce has helped us see clearly the resistance levels ahead which are at $1,272-75 area. As long as we are above $1,247 we look for an immediate bounce towards $1,290-$1,300 at least. […]
Technical outlook and chart setups: Silver also pushed higher towards $17.88 levels yesterday before pulling back sharply. The metal seems to have formed interim lows at $17.51 levels and it should be looking to rally towards higher levels ($18.30). As an alternate though, if prices drop below $17.30 level, the metal would be heading towards […]
Technical outlook and chart setups: Gold had swung both sides, $1,261.00 and $1,271.00 levels yesterday, hinting a flat wave 4 correction. The metal is trading at $1,265.00 level for now and should be looking to push higher towards $1,280.00/1300.00 levels from here. Please note that the metal should push through the past support turned resistance […]
Overview Silver price has not been showing any strong moves recently and is still fluctuating around the key support at 17.43, keeping its stability above it. Thus, the bullish trend scenario is still valid. The price needs to breach 17.80 level to reinforce the chances of heading towards 18.30 followed by 19.38 area. We remind […]
Since our previous analysis, gold has been trading sideways around the price of $1,264.00. According to the 30M time frame and using the market profile analysis, I found the strong point of control area at the price of $1,266.00. The price rejected successfully from the point of control, which is a clear sign of weakness. […]
The gold price has pulled back to test the breakout area of $1,262 again. I believe this week it is ready for another move higher towards $1,280-90 at least. Gold has made an important low at $1,247, and a new up trend has started that will push it back towards $1,300 and maybe above it. […]
Technical outlook and chart setups: Silver is seen to be trading at $17.54 level for now, looking to push higher towards $18.20 level at least. The metal is lagging slightly behind its counterpart Gold but it should accelerate and push through interim highs from here. The metal has tested the fibonacci 0.786 support of its […]
Technical outlook and chart setups: Gold seems to have made an interim bottom at $1,261.00 level last week and bulls should be looking to push higher this week. The metal is trading at $1,264.00/65.00 levels for now and should be looking to push higher towards $1,280.00/90.00 levels from here. Please note that the metal is […]
Overview Gold price continues to fluctuate around the EMA50, while stochastic begins to provide positive overlapping signal on the 4H time frame. These factors support our main bullish trend overview which depends on the stability above $1,249.94. Our main target starts at $1,297.74. We remind you that breaching the targeted level will push the gold […]
Overview Silver price shows positive attempts to move above 17.43 level again, which supports continuation of the bullish trend scenario for today efficiently. Reinforced by stochastic positivity, the price waits to breach the 17.80 level to ease the mission of heading towards our positive targets begining at 18.30 and extending to 19.38. Let us remind […]
