Gold price made some extreme movements on Friday after the announcement of the NFP numbers. Price held support even in the 4-hour chart and reversed higher but was unable to make a new high. A longer-term trend remains bullish. Blue lines – bullish channel Gold price made a spike towards $1,330 on Friday and touched […]
Technical outlook and chart setups: Silver hit fresh highs at $21.20/30 levels in the first week of July 2016 and has been trading lower since then. The metal made lows at $19.20 levels last Friday and is seen to be trading at $20.55 levels at the moment. Please note that potential still remains for a […]
Technical outlook and chart setups: Gold has re-tested its highs at $1,375.00 levels today before pulling back lower. The yellow metal is seen to be trading at $1,367.00 levels at the moment, looking to slide lower. Please note that $1,380.00 levels should provide enough resistance to the metal, if it manages to reach there. The […]
Overview Gold price approached from testing the main bullish trend line that rises now to 1347.50 and bounced bullishly from there. This keeps the bullish trend scenario valid efficiently for the upcoming period. This stochastic reaches the thresholds of the oversold areas, providing positive motive that we are waiting to assist to push the price […]
Overview Silver price returns to fluctuate negatively to move below the 0.00 level. Taking a deeper look at the chart, we find that the price is facing potential negative formation shown on the minor image. This pattern’s confirmation line is located at 19.50, thus, breaking this level might push the price to test the most […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,350.64 in a high volume. According to the 30M time frame, I found potential end of bullish corrective phase at the price of $1,362.70. The value area from previous day is lower, which is a sign that sellers are in […]
Gold price is pulling back as short-term support is broken. This is considered a normal corrective pullback in a larger bull market. We warned bulls that profits should be taken and positions should be protected as a pullback was imminent. Now the pullback has started and could even bring price back towards $1,300. Blue lines […]
US On Stable Ground Morning Report: 07.00 London• This morning, world markets are stable after a reassuring set of economic figures from the US last night. The US dollar is down slightly this morning, but the USD/JPY is continuing its downside trajectory. […]
Overview The gold price has been showing sideways and tight-range trading above 1,345.80 since morning. Therefore, our bullish trend expectations remain valid for today, supported by the positive overlapping signal that comes from stochastic now, looking to head towards 1,400.00 that represents the next main target. In general, we still expect the bullish bias in […]
Overview The silver price traded steadily above 20.00 levels yesterday to reinforce the expectations of further upside on the intraday and short-term bases. We are waiting for the price to resume the bullish bias, which next targets are located at 22.00 then 22.40. The price needs to gain enough positive momentum to reach the mentioned […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,360.00 in an ultra volume (climax). According to the 30M time frame, I found a climatic action and responsive buyers reaction at the price of $1,359.90. Using market profile, I found single prints at the price of $1,139.90. Be very […]
Gold price is trading inside a bullish channel. Price reached a new higher high as we had expected but still it is below $1,400. Price reached the resistance area and we might see a pullback towards $1,260 today. A deeper pullback towards $1,250-45 is also possible but overall trend remains strongly bullish. Blue lines – […]
Aussie Rallies on Political Resolution Morning Report: 07.00 London• This morning, the Australian dollar is performing well as the country heads back towards political certainty as a government under the leadership of Malcolm Turnbull. The AUD/USD is on the rise. […]
Technical outlook and chart setups: Silver had pushed through $21.15 level earlier before pulling back lower. The metal is seen to be trading at $20.15 level at the moment, looking to resume lower from here. Looking into the wave structure, the metal might have completed an impulse (5 waves) rally from $13.60 through $21.15 levels […]
Technical outlook and chart setups: Gold printed fresh highs yesterday around $1,375.00 levels before pulling back lower. The metal is seen to be trading at $1,267.00 level at the moment, looking to resume lower. The wave structure indicates that the yellow metal might have completed a 5-wave rally from $1,046.00 through $1,375.00 level as depicted […]
Overview The gold price bounced bullishly after testing the bullish trend line yesterday. This reinforces the continuation of our bullish overview for the upcoming period. Stochastic continues providing a positive signal on the four-hour time frame helping the price move towards our main awaited target at 1,400.00. Note that a break of the 1,343.50 level […]
Overview The silver price has been trading around 19.90 since yesterday after finding a solid resistance at 21.10, which means the price needs to get enough positive momentum to resume the main bullish trend that is affected by the completion of the inverted head and shoulders’ pattern seen on the chart. Until now, our bullish […]
Since our previous analysis, gold has been trading upwards. As I expcted, the price tested the level of $1,374.25 in an high volume. According to the 30M time frame, I found strong upward trend and successful testing of supply in a low volume at the price of $1,364.00. I have placed Fibonacci expansion to find […]
Carney Triggers Carnage Morning Report: 07.00 London• This morning, the pound remains low after hitting a 31-day low against the US dollar yesterday. The main catalyst was a speech by Mark Carney who warned that the risks of Brexit were beginning to crystallise. He pointed to adjustments in commercial real estate as investors take fright […]
Gold price remains in a bullish trend holding above the short-term support of $1,340 and testing the post-Brexit high at $1,360. I continue to expect a new higher high near $1,400 where the first important long-term resistance is found. Blue lines – bullish channel Gold price continues to trade above the Ichimoku cloud and inside […]
Overview The gold price tests the bullish trend line shown in the image and keeps trading steadily above this level. Stochastic reaches the thresholds of the oversold levels now, supporting the chances of resuming the main bullish trend, which next target is located at 1,400.00. Therefore, the positive scenario will remain valid for today conditioned […]
Overview The silver price ended yesterday’s trading above the 20.00 barrier to build a new support base above this level that reinforces the continuation of the bullish trend scenario on the short- and mid-term bases. Besides, the EMA50 continues providing support to the price from below, and the price is likely to head towards 22.00 […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,338.34 in an ultra high volume (climax). According to the 30M time frame, there is massive climax in the background and successful testing of supply, which is a sign that selling looks very risky. Climatic action represents panic reaction usually […]
Aussie Feels Pressure of Election Wobble Morning Report: 07.00 London• Market confidence has hit a slight wobble this morning as the Australian political impasse rolls on. Worse, retail sales and trade balance came in much lower than expected. The Aussie and New Zealand dollar are both topping the losers list this morning, with the AUD/JPY […]
Gold price is pulling back after testing the post-Brexit high of $1,360. I continue to expect a higher high for Gold price near $1,400. The trend remains bullish. Green line – support Gold price pulled back towards the 38% Fibonacci retracement as this is a justified pullback. The price is trading above the 4-hour Kumo […]
After a quiet start of the week due to US Independence Day, the market will turn its head to the Speeches and Economic Data that is due today. BoE will present its report on financial stability today and Governor Mark Carney will speak at a press conference in which traders will examine the BoE response […]
Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,357.30 in a high volume. According to the 30M time frame, I found that demand is in control in the market. The price went into correction and I found successful testing of supply at the price of […]
Markets Quiet as Osborne Lays Out 5 Point Plan Morning Report: 07.00 London• Markets are thankfully quiet this morning after a weekend of relative calm from the UK. The Conservative government looks to be settling into a leadership contest, while chancellor Osborne outlines his 5 point post Brexit plan which includes cutting corporation tax to […]
Gold price continues to move higher towards our $1,400 target as we suggested from last week. Bulls should raise their stops to $1.328 at least if not $1,333. I remain bullish Gold. Black lines – triangle (broken) Gold price has reached the post-Brexit highs as we expected and I believe it can continue higher towards […]
The First trading day of the busy week ahead is expected to be on a light tone as the US celebrates its Independence Day and the markets there are closed. Further down the week, we have a lot of data to set the tone. FOMC minutes (Wednesday) will reveal the discussion on keeping rates unchanged […]
