Technical outlook and chart setups: Gold finally gives in to bearish break out as expected and discussed earlier. The metal has broken lower and has made fresh intraday lows at $1,324.00/25.00 levels as depicted here. Please also note that the wave structure still indicates for a continued push lower towards $1,320.00 levels at least. The […]
Overview The tight range continues to dominate in gold price trading. The price moves near the key resistance that declines now to $1,345.00, and the EMA50 keeps providing the positive support to the price, while stochastic attempts to gain the positive momentum on the intraday basis. Therefore, these factors favor the bullish trend scenario in […]
Overview The silver price holds its positions above 19.38 levels, thus keeping the chances of the main bullish trend resumption high. It is also supported by the EMA50 and stochastic; the price is likely to trade positively in the upcoming sessions to target 21.12 levels mainly. We remind you that a breach of 20.00 levels […]
Since our previous analysis, gold has been trading sideways at the price of $1,333.90. I found a fake breakout of supply trendline, which is good sign for further downward movement. Using the market profile, I found a yesterday’s point of control at the price of $1,336.00. Watch for selling opportunities. Target levels are set at […]
Technical outlook and chart setups: Silver has dropped lower as expected after reversing from $20.05 levels last week. The metal is seen to be trading at $19.41 levels for now, looking to continue dropping lower, provided the price stays below $20.05/10 levels. Please note that a pullback rally towards $19.80 levels remains probable before the […]
Technical outlook and chart setups: Gold has been drifting sideways since hitting $1,343.00 levels last week and is trading at $1,337.00 levels for now. Please note that a push higher above $1,342.00 and subsequently above $1,352.00 levels would change the structure. At the moment, the wave structure favors bears with $1,343.00 levels being intact. It […]
Gold price remains trapped inside the short-term trading range between $1,342 and $1,330. This consolidation will soon end and price will break out of this range. My preferred scenario sees a bullish break out and new highs. Red line – resistance Green line – support Price continues to trade sideways but also above the 4 […]
Overview The gold price keeps fluctuating within a tight track near the key resistance that declines now to $1,345.50. The price needs to breach this level to reinforce expectations for the main bullish trend continuation, which gets positive support by the EMA50. In general, we will keep our bullish overview for the upcoming period conditioned […]
Overview The silver price gradually crawls downwards approaching the support base formed above $19.38 after breaching it earlier, which is met by the EMA50 that adds more strength to it. Stochastic reaches the oversold areas. Therefore, these factors favor the bullish trend scenario in the upcoming sessions. The next main target is located at $21.12. […]
Since our previous analysis, gold has been trading sideways at the price of $1,336.50. The breakout of an upward trend line is still active and my advice is to watch for selling opportunities. I found the supply trend line and lower swing highs, which is a sign of weakness. Using the market profile, I found […]
Gold price has made a new short-term lower low at $1,333 and a lower high at $1,341. Price remains above $1,330 the consolidation range before the high at $1,344. On a medium-term trend basis trend remains neutral as price is still trapped inside the trading range. Red line – short-term resistance Green line -short-term support […]
Technical outlook and chart setups: Silver managed to reverse from $20.05 levels as expected and has hit fresh interim lows at $19.60 levels. The metal is seen to be trading at $19.68 levels for now, looking to continue dropping lower provided prices should stay below $20.05/10 levels. The wave structure still indicates that the recent […]
Technical outlook and chart setups: Gold seems to have carved out a lower top at $1,340.00 levels on Friday before pulling back lower. The metal is seen to be trading at $1,339.00 levels for now, looking to test recent highs and continue lower. Please note that a push higher above $1,342.00 and subsequently above $1,352.00 […]
Since our previous analysis, gold has been trading sideways at the price of $1,337.50. The recent strength on Gold was caused due to FED Fund rate decision this week but today I found lack of professional interest for an upward movement. I found a broken upward trend in the background. Using the market profile, I […]
Gold price could have finished the upside move from $1,308 and could start a correction towards $1,320. Price remains still inside the long-term sideways trading range of $1,300-$1,360 and as long as we are inside this range there will be no clear signal. Gold price has broken above the 4 hour cloud resistance and could […]
Technical outlook and chart setups: Silver had rallied through $20.05 level yesterday, beyond our expectations before pulling back. The metal is seen to be trading at $19.80 level after for now, and should be looking lower if $20.05 level holds well. Please note that the metal is stalling at fibonacci 0.786 resistance of the drop […]
Technical outlook and chart setups: Gold had rallied through $1,343.00 level yesterday before pulling back. Please also note that the metal has reacted at fibonacci 0.786 resistance of its earlier drop between $1,352.00 through $1,306.00 levels. The metal is seen to be trading lower at $1,334.00 level for now, looking to form a lower top […]
Since our previous analysis, gold has been trading upwards. The price tested the level of $1,336.86 in a high volume. The recent strength on Gold was caused due to FED Fund rate decision yesterday but today I found lack of professional interest for an upward movement. I found a broken upward trend line and sideways […]
Yesterday the Fed announced rates remain unchanged, ranging at 0.25% – 0.5%. Despite the sound growth in the labour market, the economic indicators have given mixed signals. The Fed has cut the medium-term economic growth projection for 2016, from 2% to 1.8%, also has lowered the Q4 inflation projection, from 1.4% to 1.3%. The announcement […]
Gold price has reached our short-term target after breaking above $1,319. Price is making higher highs and higher lows and has reversed confirming our bullish reversal signals I noted yesterday. Short-term trend is bullish but medium-term trend remains neutral as price remains trapped inside the multi-week trading range. Gold price has broken above the 4-hour […]
Technical outlook and chart setups: Silver has rallied swiftly through $19.90 level yesterday as expected and discussed. The metal is seen to be trading at $19.78 level after printing highs at $19.87 level early hours today. Please note that the metal is stalling at fibonacci 0.786 resistance of the drop between $20.10 and $18.65 respectively. […]
Technical outlook and chart setups: Gold has almost achieved minimum expectations by hitting highs at $1,335.00 level yesterday. The metal is seen to be trading at $1,333.00 level at the moment, looking to drop lower at least as a retracement. The wave structure indicates that Gold might have completed its counter trend rally yesterday and […]
Since our previous analysis, gold has been trading upwards. The price tested the level of $1,322.23 in a high volume. The price reached my take profit level from yesterday at the $1,309.50. According the 30M time frame and using the market profile, I found a selling tail in a high volume, which is a sign […]
Wild swings in Gold price after the BOJ are testing both support and resistance. Currently Gold price is breaking above the latest short-term high after successfully testing short-term support at $1,308. Price has now the potential for an upside move at least towards $1,330. Gold price is expected to test at least the lower cloud […]
Technical outlook and chart setups: Silver has swung both sides today hitting highs at $19.31 and lows at $19.00 level respectively. The metal is seen to be trading at $19.17 and it should be looking to rally towards $19.70 level at least from here. The wave structure indicates that the metal has produced an impulse […]
Technical outlook and chart setups: Gold has touched $1,320.00 level today before dropping lower in a snap. The metal is trading at $1,311.50 level at this moment of writing, after hitting $1,307.00 lows. The metal should be looking to rally from the current levels and bulls should remain in control till prices stay above $1,306.00 […]
Overview Gold is trading sideways in a tight range since yesterday’s evening. The precious metal is holding above the bullish trend line that appears on the chart. At the same time, stochastic attempts to get rid of its negativity and gain positive momentum in intraday time frames, which forms the positive factor that we are […]
Overview Silver price approached the key resistance level at 19.38 yesterday after it managed to breach the EMA50 and hold above it, forming good support base. It supports the chances of breaching the mentioned level followed by prospects of a further rise in the short term. Therefore, we are waiting for an upward in the […]
Since our previous analysis, gold has been trading sideways at the price of $1,314.15. According the 30M time frame and using the market profile, I found a point of control at the price of $1,315.60. I found the weakness on the European sesion and selling tail, which is a good sign for a further downward […]
Lithium is the future energy storage metal for batteries used like in Tesla cars. After Dieselgate will Volkswagen invest up to USD 5bn in Electric vehicle developments and battery technology. The Lithium price doubled in the last 12 month and can go higher, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view […]
