Since our previous analysis, gold has been trading sideways at the price of $1,325.35. According to the 30M time frame, I found weakness and that price is respecting the 21SMA, which is sign that buying looks risky. My advice is to watch for selling opportunities on the pullbacks. The first take profit level is set […]
The leading miner Fresnillo holding 56% with MAG Silver holding the remaining 44% and the project is fully funded into commercial production, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#188144 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: […]
Gold price remains in a bearish short-term trend but also inside the upward sloping channel since $1,300. Gold price is approaching the medium-term support at $1,320-$1,300. Gold could bounce this week towards $1,350 and as long as it trades above $1,300 here is still hope for a new higher high near $1,400. Blue lines -bullish […]
Technical outlook and chart setups: Gold is seen to be trading lower at $1,327.00/28.00 levels at this moment, looking to complete an impulse (5 waves) by dropping towards $1,313.00 levels at least. The metal should remain good to be sold on rallies, till prices stay below $1,375.00 levels. The wave structure indicates that the yellow […]
Overview The gold price found a good intraday support base at 1,320.00 and showed some slight bullish bias affected by Stochastic’s positivity, which gradually loses its bullish momentum heading towards the overbought areas. The EMA50 keeps on placing the intraday trading under negative pressure. Therefore, these factors boosts our expectations for the bearish trend in […]
Overview The silver price has not shown any strong moves for days as it continues fluctuating around 20.25 levels and keeping its positions above the 20.00 barrier. The positive effect of the previously completed inverted Head and Shoulders’ pattern still valid and active, waiting to get enough positive momentum to make the price resume the […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,336.58 in a high volume. According to the 30M time frame, I found that sellers lost their power and that we may see a change in trend dynamic. Today I found that support at the price of $1,327.50-$1,330.00 held successfully. […]
Case Study: Successfully Forecasting Crude Oil from 2014 to Today The Wave Principle helped investors prepare for today’s energy market action By Elliott Wave International March 31, 2014 was no time to issue a bearish forecast for crude oil — or so it appeared. But that’s exactly the scenario Elliott Wave International’s founder Bob Prechter […]
BoE Shocks By Doing Nothing Morning Report: 07.00 London • As leaders assess the human impact of the devastating Nice terror attacks last night, markets appear to have compartmentalised the incident. The euro itself is rallying and there does not appear to be a wider risk-off move as a result of the attack. Francois Hollande […]
Gold made a new low at $1,320 yesterday and is making a small bounce since then towards $1,340. The trend remains bearish as the price is making lower lows and lower highs. Only a break above $1,350 could give hope to bulls for a new high closer or above $1,400. Blue lines – bullish short-term […]
Since the Brexit vote, we have seen some interesting price action unfold with various assets. With global/Euroland uncertainty, investors have been flocking to what they feel are the safe havens until things get sorted out overseas. Typically, precious metals and the Dollar Index move in opposite directions. This means that if the dollar rises, metals […]
New mining after redevelopment shall start in Q1-2017 with a profitable annual production of 75,000 ounces gold at cash cost of 759 USD/ounce gold and an IRR of 41.5%, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#188151 Смотрите […]
Overview The gold price resumed its negative trading after testing the EMA50 this morning and headed towards our main awaited target at 1,303.58 – 1,297.75 levels. The current dynamic is supported by stochastic negativity that appears clearly on the four-hour time frame. It is important to monitor price behavior when reaching the targeted levels. A […]
Overview The silver price keeps fluctuating within a tight track above 20.00 levels, while the EMA50 continues providing support to the price from below, which keeps the bullish trend scenario valid for the upcoming period. Stochastic is likely to provide a positive signal on the four-hour time frame. Our main awaited targets reach to 22.00 […]
Good news from the mining world including Brazil Resources with a new resource estimate for the their Alaska properties and Endeavour Silver buying their 4th production site El Compas from Oro Silver Resources, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,324.45 in a high volume. According to the 30M time frame, I found that sellers are in control and that buying looks risky. The price is below the 21SMA and I found no demand bars, which is a sign that […]
Bank of England Eyes Historic Cut Morning Report: 07.00 London• This morning, the British pound is on the front foot despite the strong potential for an interest rate cut today. Markets are pricing in a 75% chance of a reduction from 0.5% to 0.25% today, but some analysts think the MPC could go further. No increase […]
Gold bounced towards short-term resistance of $1,350 yesterday as we expected and is turning back down towards its recent lows. The trend is bearish for the short term, and this pullback could extend much lower. Blue lines -bullish channel The price has broken below the 4-hour Kumo confirming a bearish short-term trend. The price remains […]
Overview The gold price has been showing some slight bullish bias since morning approaching from testing the EMA50, which forms an intraday resistance barrier at 1,345.25 and supports our negative scenario. Stochastic’s positivity interprets the reasons for the current bullish bias. Therefore, the bearish bias will be expected on the intraday basis, noting that this […]
Overview The silver price shows slight positive trades steadily above 20.00 levels as stochastic provides a positive signal on the four-hour time frame, which is likely to make the price continue the bullish trend in the upcoming period; it was affected by the completion of the inverted head and shoulders’ pattern previously. The EMA50 keeps […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,327.40 in a high volume. According to the 30M time frame, I found a change in the trend dynamic from bearish to bullish. I found a fake breakout of the swing low in the background and a successful testing of […]
It was a relatively dull session yesterday (Monday July 11th) with stocks gapping higher only to trade sideways up till now. As I talked about in the morning’s video I expected stocks to grind higher, and for vix ETF to keep moving lower for another day or three. Coffee continues to be on caffeine-high today testing near today’s […]
Gold continued lower yesterday breaking short-term support and the NFP low at $1,335. The short-term trend is bearish but a bounce back towards $1,350 is justified for today. However, it seems that gold is heading towards the $1,300 level where the 38% Fibonacci retracement of the latest rise is found. Blue lines – bullish channel […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,350.21 in an ultra high volume. According to the 30M time frame, I found a bullish engulfing candle pattern in a high volume from the support at the price of $1,350.60. I am expecting higher price. Be careful when selling […]
Gold price pulled back towards the short-term support level of $1,350. As long as the price stays above it we could see another move higher towards $1,400. A deeper correction is not out of the question as the expanding triangle scenario is still valid. After the upward move to $1,375 Gold price pulled back and […]
Markets Rally on Wave of Optimism Morning Report: 07.00 London• This morning, world markets are on the rise after a wave of optimism sparked by the anointing of Theresa May as British Prime Minister and renewed faith in the US economy. The US dollar is on the back foot this morning as investors seek our […]
Technical outlook and chart setups: Silver is seen to be trading at $20.36 levels, a bit lower than yesterday. The metal could be looking to form a base around $19.70/80 levels before rallying further. The wave structure indicates that the metal is probably in its final leg (rally) before turning lower. The final push could […]
Technical outlook and chart setups: Gold is trading lower for the day at $1,355.00 level at this moment, and should be looking to reverse lower from here or from $1,380.00/85.00 levels as depicted on the chart view. Please note that if the metal slips below $1,358.00 levels from here, it would be confirm that a […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,335.21 in an ultra high volume. My take profit level at the price of $1,350.00 has been reached. According to the 30M time frame, I found strong rejection from the level of $1,335.00. Using market profile analysis, I found a […]
Japan Provides Election Stability Morning Report: 07.00 London• This morning, the Japanese yen is under performing after an overwhelming election victory for Shinzo Abe’s party. The news has provided confidence for Asian markets, reducing demand for the safe-haven yen. The yen pairs are all trading higher, led by the GBP/JPY. […]
