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 […]
Since our previous analysis, gold has been trading sideways around the price of $1,265.00. According to the 30M time frame and using the market profile analysis, I found the strong point of control area at the price of $1,261.50. The price rejected successfully from the point of control, which is a very good sign of […]
Gold price is making a pullback towards the breakout area of $1,262. Price remains inside the neutral cloud area but I believe support will hold and Gold price will continue its bounce and make short-term higher highs and higher lows. Red line – support (previous resistance) Gold price is inside the Ichimoku cloud. Trend is […]
Technical outlook and chart setups: Silver is seen to be trading at $17.45 level at this moment of writing, looking to produce a bullish bounce at trend line support. Please note that if this wave count holds well, the metal should push through $18.20/30 levels at least. The metal is lagging slightly behind its counterpart […]
Technical outlook and chart setups: Gold had spiked towards $1,275.00 level during New York session before retracing lower. The metal is trading at $1,262.00/63.00 levels at this moment of writing and should be looking to push higher towards $1,280.00/90.00 levels from here. Please note that the metal is just around the vicinity of past resistance […]
Since our previous analysis, gold has been trading sideways around the price of $1,270.00. According to the 30M time frame, I found strong upward momentum. I placed an upward trend line and the price respecting very well the upward trend line, which is a sign of strength. Using the market profile analysis, I found yesterday’s […]
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As expected Gold price has broken above the trading range and has reached $1,270. Important resistance is at $1,280 and if broken we could see Gold price reach for $1,300 and higher over the next couple of weeks. A short-term trend is bullish as long as we hold above $1,250. Red lines – trading range […]
Technical outlook and chart setups: Silver had dropped to $17.30 levels earlier before pulling back and hit $17.77 levels hinting a break out. The metal is seen to be trading at $17.71 levels for now, looking to stage a counter trend rally towards $18.50/19.00 levels. Silver is lagging slightly behind its counterpart, gold, and it […]
Technical outlook and chart setups: Gold finally broke above its resistance boundary at $1,265.00 levels and printed $1,273.00/74.00 highs yesterday. Please note that $1,265.00 will act as support now and help the metal to bounce back towards higher levels. Gold is seen to be trading at $1,272.00 levels for now and should be looking to […]
Overview Gold price continues to fluctuate around the EMA50, break of which will open the way to continue the main bullish trend on the intraday and short-term basis. Stochastic provides positive overlapping signal now, motivating the price to trade upwards in the upcoming sessions. Therefore, we will keep our bullish overview for today with the […]
Overview Positive attempts of the silver stopped around 17.70 yesterday as the price lost its positive momentum on the intraday time frames. In connection with that the price fluctuates within sideways and tight track, waiting to get enough positive momentum to continue the main bullish trend. In general, we will keep our bullish overview valid […]
Since our previous analysis, gold has been upwards. The price tested the level of $1,270.65 in an average volume. On the 4H time frame chart, I found a trading range (potential re-distribtion) between the price of $1,265.50 (resistance) and the price of $1,241.22 (support). The Gold is in a downward trend and my advice is […]
Gold price continues to trade sideways inside a tight trading range. A breakout above $1,263 will open the way for a push higher towards $1,280-90. I’m bullish at current levels. Red lines – trading range Gold price has entered the 4-hour Ichimoku cloud. A trend is neutral. We could see a push towards the upper […]
Technical outlook and chart setups: The silver had dropped to $17.30 levels before pulling back and hit $17.70 levels hinting a break out. The metal is seen to be trading at $17.63 levels for now, looking to stage a counter trend rally towards $18.50/19.00 levels. Currently, it is expected to correct lower and then push […]
Since our previous analysis, gold has been trading sideways at the price of $1,261.00. On the 4H time frame chart, I found a trading range (potential re-distribtion) between the price of $1,265.50 (resistance) and the price of $1,241.22 (support). The Gold is in downward trend and my advice is to watch for a potential breakout […]
For the last couple of sessions, I have expressed the bullish outlook for Gold expecting at least a bounce towards $1,280-$1,300. However, we should not ignore the possibility that the entire decline is over. Gold is trying to breakout above the short-term trading range. Red lines – trading range Gold price has entered the short-term […]
Technical outlook and chart setups: Silver had dropped to $17.30 levels on Friday before pulling back. The structure remains unchanged for now. The metal is seen to be trading at $17.57 levels, looking to stage a counter trend rally towards $18.50/19.00 levels. Silver has just resumed pushing higher, a break above $17.70 levels should accelerate […]
Technical outlook and chart setups: Gold had dropped lower towards $1,245.00 levels on Friday before pulling back. The metal is seen to be trading at $1,257.00 levels for now and is likely to rally from here. A push above $1,261.00 levels should accelerate the movement towards $1,280.00 and above. The wave structure also indicates that […]
Since our previous analysis, gold has been trading sideways at the price of $1,253.00. On the 30M chart, I found Friday’s point of control at the price of $1,255.77, using the market profile. The price respected Friday’s point of control and sellers came in on the market. My advice is to watch for potential selling […]
Gold price continues to trade sideways between $1,262 and $1,250. Last week we witnessed two fake breakdowns towards $1,247 only to be reversed upwards within the same hour. This is a bullish sign. Gold is very likely to start a new upward move from current levels. Red lines – trading range Green rectangles- fake breakdowns […]
As talks between the UK and the European Union over the Brexit terms are approaching, it might not be unexpected by a number of investors that the pound has had decreases for the last six weekly trading sessions in a row. According to recent comments by the UK Prime Minister Theresa May during a Conservative […]
Technical outlook and chart setups: Silver had dropped to $17.30 level on Friday before pulling back. The metal is seen to be trading at $17.45 level for now, looking to stage a counter trend rally towards $18.50/19.00 levels. Please note that it is quite possible that the metal may resume its long term rally from […]
Technical outlook and chart setups: Gold had dropped lower towards $1,245.00 level on Friday before pulling back. The metal is seen to be trading at $1,254.00 level for now and should be looking to rally from here. The wave structure also indicates that the counter trend rally is expected to terminate around the past support […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,252.70 in a high volume. On the 30M chart, I found yesterday’s point of control zone around the price of $1,258.40, using the market profile. The price is trading below 48 SMA according to the 30M time frame, which is […]
Overview Silver price continues to fluctuate near the key support at 17.43, which represents 50% Fibonacci correction level for the rise measured from 13.75 to 21.12. Breaking this level will extend the correctional bearish wave towards the 16.56 level. Here, traders should be cautious in case the price continued its negative pressure on this level. […]
Gold prices have plunged since the beginning of October, hitting a post Brexit low of 1241.35 on 7th October, in line with a strengthening of the dollar. The price rebounded after testing the significant mid-term support line at 1250, as this level provides very strong support. The current trading pattern is likely to oscillate in […]
October is an important month for the US stock market seeing as the SPX has delivered an average of 1.9% returns during the month. This month also happens to keep the investors on edge with the most number of 1% moves in the index since 2000 as shown on the table below. Considering the historical […]
Gold showed signs of strength yesterday but not enough to break above short-term resistance at $1,260. Price is moving mostly sideways around the critical support of $1,250. A new low below $1,250 will most probably bring more sellers and push Gold price towards $1,220-30. Red lines – trading range Gold price is moving sideways. Upper […]
Technical outlook and chart setups: The structure and pricing remains more or less unchanged with silver seen to be taking support from $17.00 level. The metal is seen to be trading at $17.42 level for now, looking to stage a counter trend rally towards $18.50/19.00 levels. Please note that it is quite possible that the […]
