Overview The gold price showed some bearish bias after it found sold resistance formed by the EMA50. Besides, Stochastic shows negative signals that might push the price for more negative attempts before turning back to rise. In general, we still expect the bullish trend for the upcoming period unless breaking and holding below 1,297.75 levels. […]
Overview The silver price rebounded bearishly after the first test to the previously broken intraday trend line (turned into resistance now at 19.95) accompanied by the overbought signals that appear on Stochastic. This might push the price to test the key support base at 19.35 before turning back to resume the positive attempts. Until now, […]
Since our previous analysis, gold has been trading upwards. As I expected, the tested level of $1,333.70 is in a low volume. My upward target at $1,332.00 has been reached. Anyway, the price went into bearish correction from the $1,333.70 level. I placed Fibonacci retracement to find the potetential end of downward correction and I […]
Gold strengthened as USD weakened yesterday, the dollar index fell from 97.225 to 96.760 because of two reasons. Firstly, although the Unemployment Claims and Existing Home Sales both beat expectations, the Philadelphia Federal Reserve Manufacturing Index underperformed falling to -2.9 compared to the expectation of 5.0 and the previous figure of 4.7, which is the […]
Gold bounced yesterday higher towards $1,340, but the important resistance and trend change level of $1,350 was not broken upwards. The price is now turning back down, and a test of the recent low will be decisive of whether we would see another test of $1,375 or a break below $1,300. Gold is trading below […]
Yesterday ECB left the deposit rate unchanged at -0.4% and the main refinancing rate at 0%. The central bank also maintained the asset purchase of 80B euro per month until March 2017 or beyond, if necessary. Despite rigorous questions about Brexit’s impact on Eurozone’s outlook and ECB’s monetary policy outlook, Draghi refrained from giving any […]
Technical outlook and chart setups: Silver is seen to be trading higher at $19.75 levels for now, after bottoming out around $19.25 levels yesterday. The metal looks to be carving out a regular flat now, having tested $19.20/25 levels, and it should rally to produce a lower high ahead of $21.13 levels. Please note that […]
Technical outlook and chart setups: Gold dropped to $1,310.00 levels yesterday before pulling back sharply, as expected and discussed earlier. Please note that the metal might just have begun 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 $1,310.00 levels is an impulse (5 waves), […]
Overview The gold price approaches from the bullish bias now after approaching from the targets mentioned in our last reports, where the price was affected by stochastic positivity. This provides signals for curving to the upside and an attempt to resume the main bullish trend after the temporary decline that controlled the last trading. Therefore, […]
Overview The silver price shows positive trading now. We found out that yesterday’s decline stopped at the 23.6% Fibonacci level by measuring Fibonacci correction for the last rise from 13.75 to 21.08. This signals that the price has attempted to resume the main bullish trend. Therefore, we believe that the chances of positive trading on […]
Since our previous analysis, gold has been trading downwards. The tested level of $1,310.65 is in an average volume. The price reached my downward target at $1,312.20. According to the 30M time frame, I found potential changing in the trend dynamic from bearish to bullish. I found fake breakout of yesterday’s swing low and successful […]
Gold continued moving lower towards its support of $1,310-$1,300 yesterday after breaking below the triangle pattern we noted 2 days back. The trend remains bearish. A short-term reversal signal will come if Gold breaks above $1,320. Confirmation of the short-term trend reversal will come if the price breaks above $1,340. Blue lines – bearish channel […]
Technical outlook and chart setups: Silver is seen to be trading lower at $19.25 levels for now, looking to form a bottom around $18.50/19.10 levels. The metal has dropped beyond our projection, but it looks to be forming a flat, and minimum expectations are below $19.00 levels. Please note that a meaningful top is already […]
Technical outlook and chart setups: Gold is seen to be trading around $1,314.00/15.00 levels at this moment, looking to form a meaningful bottom soon. The metal has made overnight lows at $1,310.00 levels as expected and discussed yesterday. It is possible that the metal might have already completed 5 waves down from $1,375.00 levels producing […]
Since our previous analysis, gold has been trading downwards. The tested level of $1,316.89 in a high volume. According to the 30M time frame, I found a broken trading range, which is a sign that we may see downward pressure. Watch for selling opportunities on the pullbacks. Critical support today will be at the price […]
Technical outlook and chart setups: Silver is seen to be trading at $19.76 levels for now, looking to form an interim bottom soon. The metal can form the bottom between $19.50 and $19.70 levels before rallying higher. Please note that the expected rally could still be corrective in nature and prices should remain below $21.13 […]
Gold price is breaking short-term support and triangle pattern to the downside. This implies that $1,300 will be tested. This is most probably that the final downward extension of the decline started at $1,375. Red lines – triangle pattern Blue lines – bullish channel Gold price is trading below the 4 hour Kumo (cloud) and […]
Technical outlook and chart setups: Gold continues to drift sideways for now, confined within the boundaries of support and resistance. The metal is seen to be trading around $1,330.00/31 levels at this moment, looking to drop lower towards $1,310.00/07.00 levels. Please note that the yellow metal seems to have terminated its last leg within the […]
Since our previous analysis, gold has been trading sideways at the price of $1,329.50. According to the 30M time frame, I found buying climax and successful testing of demand in a low volume, which is a sign that buying gold at this stage looks risky. I found trading range between the price of $1,320.00 (support) […]
GET THIS VIDEO EVERY DAY BEFORE THE MARKET OPENS – CLICK HERE Related Posts:Video market update for April 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Forecast for EUR/USD pair on April 5, 2024 April 7, 2024 The EUR/USD pair on Thursday rose to the corrective level…Can Q1 earnings […]
‘Bitcoin’ is on a tear away rally. Its’ performance, over the last year, has been outstanding and it has outperformed most ‘asset classes’, by a wide margin. It is probably the only asset class which beats out both gold and silver, in 2016. Why is it shooting into outer space? People look at alternate asset […]
Gold is consolidating above the $1,325 short-term support area in a triangle pattern. The price remains inside the medium-term bullish channel but a final downward move towards $1,310 cannot be ruled out before a bigger bounce higher towards at least $1,350. Red lines – triangle pattern Gold has been moving sideways for the last few […]
Gold is consolidating above the $1,325 short-term support area in a triangle pattern. The price remains inside the medium-term bullish channel but a final downward move towards $1,310 cannot be ruled out before a bigger bounce higher towards at least $1,350. Red lines – triangle pattern Gold has been moving sideways for the last few […]
Technical outlook and chart setups: Silver is seen to be trading $19.885 levels at the moment, looking to drop lower towards $18.50 levels going forward. The metal needs to push below $19.25 levels to accelerate lower since it is acting as an intermediary support for now. The structure indicates that Silver might have already formed […]
Technical outlook and chart setups: Silver is seen to be trading $19.885 levels at the moment, looking to drop lower towards $18.50 levels going forward. The metal needs to push below $19.25 levels to accelerate lower since it is acting as an intermediary support for now. The structure indicates that Silver might have already formed […]
Technical outlook and chart setups: Silver is seen to be trading $19.885 levels at the moment, looking to drop lower towards $18.50 levels going forward. The metal needs to push below $19.25 levels to accelerate lower since it is acting as an intermediary support for now. The structure indicates that Silver might have already formed […]
Technical outlook and trade signals: Gold continues to drift sideways for now, seen to be trading at $1,329.00/30.00 levels at the moment. The yellow metal should ideally remain below the previous resistance at $1,347.00 levels from here on. The wave structure indicates that Gold is setting up for another drop towards $1,311.00 at least. Please […]
Technical outlook and trade signals: Gold continues to drift sideways for now, seen to be trading at $1,329.00/30.00 levels at the moment. The yellow metal should ideally remain below the previous resistance at $1,347.00 levels from here on. The wave structure indicates that Gold is setting up for another drop towards $1,311.00 at least. Please […]
Overview The sideways range still dominates the gold dynamic. The price still trades below the EMA50, which forms intraday negative pressure that we are awaiting to make the price visit 1,303.58 – 1,297.75 levels before turning back to resume the main bullish trend. Therefore, we still predict the temporary bearish trend for the upcoming sessions. […]
Overview The silver price shows more sideways movements in tight ranges. A deeper look at the intraday time frames revealed that the recent trades are confined to a Bullish Pennant pattern shown on the minor image. Therefore, a breach of this pattern’s resistance at 20.35 will support the continuation of the main bullish trend. Therefore, […]
