Overview The gold price settles above the EMA50 and above the bullish trend line keeping the bullish trend active for the upcoming period. Stochastic’ attempts to get rid of its negativity and gain positive momentum on the intraday time frames support the chances of rise continuation on the intraday and short-term bases. Therefore, we believe […]
Overview The silver price showed some slight negative trades this morning testing the EMA50. Stochastic managed to gain positive momentum on intraday time frames supporting the chances of bouncing bullishly and resuming the expected bullish trend on the intraday and short-term bases. Therefore, we are waiting for positive trading in the upcoming sessions; targets will […]
Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,345.39 in a high volume. According to the 4H time frame, I have found solid support at the price of $1,333.00. I found sign of strength from the support level, which is an indicator that selling looks […]
Gold price is showing signs of reversal from our target area of $1,350. Bears need to break below $1,320 for the bearish scenario to play out. Expecting Gold to push lower towards $1,250-70. Red line -support trend line Gold price is trading above the Ichimoku cloud. Short-term support is at $1,328 and resistance is at […]
Technical outlook and chart setups: Silver is seen to be trading at $20.25 levels for now, after having made highs at $20.50 levels earlier. Please make note that Silver is soon approaching resistance at $20.80/90 levels or it has already reversed from interim highs at $20.50 levels. There might be one last leg rally left […]
Technical outlook and chart setups: Gold is seen to be trading at $1,338.00/39.00 levels at this moment, looking to push higher. Please note that the metal broke out of the tight consolidation range and hit highs at $1,345.00 levels. The yellow metal is seen to be in its last leg rally towards $1,350.00/60.00 levels. The […]
Overview The gold price traded with strong positivity yesterday moving away from the bullish trend line after a successful breach of 1,325.00 levels. This supports our bullish expectations on the intraday and short-term bases; and the way to our first main target at 1,375.00 is open. A breach of this level will extend the gold […]
Overview The silver price managed to surpass 20.10 levels and closed the daily candlestick above it reinforcing the expectations for further rise to our next target at 21.12 in the upcoming sessions. Therefore, we still expect the bullish trend on the intraday and short-term bases supported by the EMA50 and conditioned by the price stability […]
Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,342.00 in a high volume. The price reached second target at the level of $1,334.70. According to the 4H time frame, there is a still strong upward pressure on the market. Price is heading to test third […]
Technical outlook and chart setups: Silver is seen to be trading at $20.38 levels for now, after having made highs at $20.45 levels earlier. Please make note that Silver had produced a huge bullish engulfing candlestick pattern right after hitting lows at $19.30 levels, indicating that the follow up rally has been in line with […]
Technical outlook and chart setups: Gold is seen to be trading at $1,341.00/42.00 levels at this moment, as expected and discussed earlier. Please note that the metal broke out of the tight consolidation range just ahead of Fed rate. The yellow metal is seen to be in its last leg rally towards $1,350.00/60.00 levels. The […]
Gold price has bounced towards $1,350 as we expected after breaking above $1,325. Price has reached the 50% retracement of the decline from $1,375 and is expected to reverse lower again to new lows below $1,310. Red line – trend line resistance (broken) Gold price has bounced towards the upper cloud boundary in the 4 […]
Overview The gold price keeps trading above the intraday bullish trend line, while facing resistance formed by the EMA50 at 1,325.00. The price needs to breach this level continue the bullish trend on the intraday and short-term bases. In general, the bullish trend scenario will be still valid and active for the upcoming sessions as […]
Overview Silver price is fluctuating around the EMA50. The price finds it difficult to surpass this barrier that gets support by stochastic negativity. This might cause some sideways fluctuation before turning back to resume the bullish bias. Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis as long as […]
Since our previous analysis, gold has been trading sideways at the price of $1,320.00. According to the 4H time frame, I found strength in the background. I found bullish engulfing pattern, a double bar low with a higher close with ultra high volume demand and the morning star formation. All of these formations happened near […]
Gold price continues trading sideways and remains below short-term resistance levels. Once the trading range of $1,310-$1,325 is broken we will see either a move towards $1,280 or $1,350. Red line – resistance trend line Gold price is below the red trend line resistance and below the 4 hour Kumo. The trend will change only […]
Technical outlook and chart setups: There is no structural change since yesterday. Silver is seen to be trading at $19.57 levels for now, after having bottomed out around $19.30 levels earlier. Please make note that Silver produced a huge bullish engulfing candlestick pattern right after hitting lows at $19.30 levels, indicating a potential reversal ahead. […]
Technical outlook and chart setups: Gold is seen to be trading at $1,318.00/19.00 levels at the moment, after having hit lows at $1,311.500 yesterday. Please note that the metal continues trading/drifting sideways in a tight range between $1,315.00 and $1.323.00 levels respectively. The yellow metal might still unfold a countertrend rally towards $1,350.00/60.00 levels going […]
Overview The gold price shows bullish rebound signals now in attempt to move away from the intraday bullish trend line shown on the chart. Stochastic positivity on the four-hour time frame supports our bullish trend expectations today. A breach of the 1,329.00 level will help the price continue with its upside track for the rest […]
Overview The silver price kept its stability above 19.35 levels after several tests of this level, accompanied by the bullish trend signals provided by stochastic on the four-hour time frame. The price is likely to resume the bullish trend that was stopped temporarily for some bearish correction after hitting the recent top at 21.12. A […]
Since our previous analysis, gold has been trading sideways at the price of $1,320.00. According to the 30M time frame, I found strength in the background, which is a sign that selling looks risky. There is a successful test bar at $1,319.00 (point of control). The price respected the 21SMA, which is a good sign […]
Gold had not much action yesterday as has mainly been trading sideways for the last couple of sessions between $1,310 and $1,330. The short-term trend remains bearish as the price is making lower highs and lower lows. Important medium-term support is at $1,280-$1,300. Red line – resistance trend line Gold is below the trendline resistance […]
Technical outlook and chart setups: Silver is seen to be trading at $19.60 levels for now, after having bottomed out around $19.30 levels yesterday. Please note that Silver produced a huge bullish engulfing candlestick pattern right after hitting lows at $19.30 levels, indicating a potential reversal ahead. The metal looks poised to rally from here […]
Technical outlook and chart setups: Gold is seen to be trading at $1,316.00/17.00 levels at this moment, after having hit lows at $1,312.00 yesterday. Please note that the metal is trading/drifting sideways in a tight range between $1,315.00 and $1.323.00 levels. The yellow metal might still unfold a countertrend rally towards $1,350.00/60.00 levels going forward, […]
Overview The gold price is testing the intraday bullish trend line shown on the chart. Stochastic reaches oversold areas, creating a positive factor that we are awaiting to make the price resume the main bullish bias that depends on the stability above 1,297.75. Therefore, we are waiting for positive trades in the upcoming sessions. The […]
Overview Silver price is trading at the key support 19.35, which represents the 23.6% Fibonacci level for the rise measured from 13.75 to 21.08. Thus, holding above this level represents the key condition to the continuation of the recently suggested positive scenario and guarantees not extending of the correctional bearish wave on the short term […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,313.38 in a high volume. According to the 30M time frame, I found a sign of strength in the background. There is a climax bar and very high volume down bar but closed in the middle. I saw successful testing […]
Technical outlook and chart setups: Silver is seen to be trading higher at $19.45 levels for now, after bottoming out around $19.35 levels during early trading hours today. The metal should be looking to rally from here towards at least $20.40/50 levels as depicted on hourly chart here. Bulls are expected to remain in control […]
Gold remains in a short-term bearish trend after topping at $1,375 on July 11th. Since then, the price is steadily moving lower in what seems to be a large-degree correction with the initial target at the $1,300 level. The area of $1,280-$1,300 should provide a bounce that will clarify if we continue heading to new […]
Technical outlook and chart setups: Gold is seen to be trading at $1,317.00/18.00 levels at this moment, after having hit lows at $1,313.00 during early trading hours today. Please note that the metal might still unfold a countertrend rally towards $1,350.00/60.00 levels going forward. The wave structure also indicates that the drop from $1,375.00 through […]
