Overview The gold price showed positive trading yesterday, but it is again fluctuating with slight negativity. The price is affected by stochastic negativity shown on the four-hour time frame that is likely to get rid of this negativity and gain enough positive momentum to make the price resume the main bullish wave, which gets continuous […]
Overview The silver price has been trading sideways since morning. Meanwhile, stochastic begins to overlap positively on the intraday time frames, supporting the chances of resuming the main bullish trend that is forming within the bullish channel shown in the image. We are waiting for the price to test the 18.63 level that represents our […]
Since our previous analysis, gold has been trading sideways at the price of $1,318.50. According to the 30M time frame, I found the key point of control from the massive bullish day in the background is set at the price of $1,317.50. Today, I found buying tails from the bottom at the price of $1,313.20. […]
Gold has completed 5 waves up in the short term from $1,305 to $1,328 and also made a corrective pullback towards the 61.8% Fibonacci retracement. This is the first short-term bullish signal after the spike last week, and as long as we hold above $1,305, we can say that the next leg up has started. […]
Overview The gold price has been trading with slight positivity since morning moving away from the key support at 1,303.58, supported by the bullish trend provided by stochastic. We are waiting for the price to breach 1,333.00 levels to confirm further movement to 1,400.00. Therefore, we still expect the bullish trend on the intraday and […]
Overview The silver price rallied upwards strongly this morning breaching 18.00 levels and settled above it, which supports the continuation of our bullish overview for the upcoming period; the way is open to head towards 18.63 as a next main target. Therefore, we expect the continuation of the bullish bias on the intraday and short-term […]
Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,323.39 in a high volume. According to the daily time frame, I found a strong upward trend and no selling pressure bar. The bar with a lower volume is compared to the previous 2 bars. This is […]
Global macro analysis for 29/06/2016: The Crude Oil Inventories data are scheduled for release today at 02:30pm GMT and market participants expect the US stockpiles to drain even more than the last time. The expected figures are still negative: -2500k vs. -918k prior, so it means the inventories are now being drained for another week […]
Markets Retreat Into Their Shell Morning Report: 07.00 London• After a positive response yesterday, markets have retreated back into their shell, with ‘risk-off’ currencies in favour. The British pound is on the back foot, but so far holding the gains made yesterday. This comes after David Cameron’s speech in Europe last night which pointed to […]
Technical outlook and chart setups: Silver is trading higher at $18.20 levels at this moment, looking to push towards $18.50 levels (major resistance on the weekly chart), before giving in to bears. The wave structure reveals that Silver might have topped out at $18.30 level or should produce a top at $18.50 level and produce […]
Fallout from the Brexit is still dominating the markets which have stabilized after wild swings. Traditional safe haven currencies which get stronger at times of insecurity and fear, such as USD, CHF and JPY have lost value overnight as market sentiment improved both in US as well as Europe and Asia. Several data releases are […]
Technical outlook and chart setups: Gold continues its sideways movement for now, and is seen trading at $1,220.00/21.00 levels at the moment. The yellow metal should be looking to rally one last time and hit fresh highs right above $1,358.00 level before turning lower. The wave structure indicates that the metal could be into its […]
After testing support at $1,300-$1,305, gold is bouncing upwards towards resistance of $1,330. The price has broken slightly above the triangle pattern, so we would like to see a break above $1,325 to confirm the triangle breakout. Gold has also retraced 50% of the rise after the referendum in the UK, and this complies with […]
Overview The gold price shows some slight bearish bias now approaching from retesting the support base formed above the 1,303.58 level, accompanied by stochastic, which enters the oversold levels to provide positive motive that we waited to push the price to resume its main bullish track. Therefore, our bullish trend expectations will remain valid and […]
Overview The sideways range dominates. The silver price continues fluctuating around 17.75 levels. Stochastic gradually heads towards the oversold areas to support the chances of resuming the bullish trend in the upcoming sessions. Therefore, we still expect the bullish trend on the intraday and short-term bases, which gets continuous support by the EMA50. Positive targets […]
Technical outlook and chart setups: Crude oil has already resumed its downtrend, possibly wave 5, which is setting up for a drop below 26.00 levels going forward. The journey has begun from 51.50 levels, and the price is now trading around 47.50 levels, after hitting fresh lows at 45.80 earlier. Please note that this counter-trend […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,305.25 in a low volume. According to the 4H time frame, I found a strong upward trend in the background. The price went into a bearish correction, which is a normal reaction after the massive demand in the background. I […]
Technical outlook and chart setups: Silver is seen to be trading at $17.60/70 levels at this moment, after easing out from $18.30 levels last week. The metal has been drifting sideways since then in a dropping wedge format. The immediate wave structure indicates that Silver is trading above its trend line support for now and […]
Technical outlook and chart setups: Gold had rallied through $1,358.00 level last week, a relatively less probable move. The metal is seen to be trading at $1,316.00 levels at this moment, drifting sideways since last Friday. The wave structure indicates that Gold might have produced a bottom at $1,200.00 level now, and should be looking […]
Gold continues to consolidate sideways. I expect this consolidation to break to the upside towards new highs soon. There is a triangle being formed, and we will have a clear picture of the breakout when it occurs. Green lines – triangle pattern Gold is trading inside the triangle pattern with support at $1,308 and resistance […]
Pound Rallies After Second Wave of Turmoil Morning Report: 07.00 London• We’re seeing a repeat of Monday morning so far, but let us hope the rest of the day does not follow suit. The pound suffered follow on selling as the day progressed yesterday after a promising start, but so far today, markets appear calmer. […]
Political Uncertainty Sparks Follow On Selling Morning Report: 07.00 London• After an historic day on Friday, world markets are bracing themselves for a fresh round of volatility. Following the Brexit result, world markets are having to content with a Tory leadership contest, the prospect of Scotland leading the UK and a Labour party in complete […]
Today’s historic and shocking decision for the UK to leave the EU is likely to have an intense impact on global markets for some time to come. We saw the sterling hit a 30-year low, stocks across the globe reacted negatively with the UK footsie losing 8.7% and predictably gold surged a massive $100. Volatility […]
Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,358.21 in a ultra high volume. In reaction of massive buying climax from the top, the price managed to go into bearish correction and the Gold tested $1,306.00. According to the 15M time frame, I found strong […]
One of the most historic events has unfolded overnight in the financial markets as the UK has voted to leave the EU, causing financial chaos in global markets including indices, stocks, currencies and commodities. Biggest victim has been the GBP which has fallen around 11% from 1.50 to 1.3250 in dramatic fashion. Focus will now […]
Pound Plunges to 30 Year Low as UK Votes Brexit Morning Report: 07.00 London• The UK has defied opinion polls and is projected to formally vote for to leave the European Union. In a re-run of the general election, pollsters appear to have underestimated the voting power of the older generation who were far more […]
Gold price broken to new highs after the results of the UK’s EU referendum. As I mentioned yesterday, the technical view on Gold was that a bounce should follow at least towards $1,280, and there were also many chances that the entire decline was over at the $1,250-60 area. Blue lines – bearish channel Gold […]
Overview The gold price shows slight negative trading gradually heading towards our awaited target at 1,243.17 as the price is affected by the previously completed triple top pattern. The mentioned level represents the full target of the negative pattern, which means that the chances to resume the main bullish trend again will be valid. Therefore, […]
Overview The silver price shows clear bullish attempts now moving away from the EMA 50, thus supporting our expectations for bullish trend continuation today. Its first target is at 18.00. Therefore, the bullish trend scenario will remain valid and active for the upcoming period. It might be preceded by some slight bearish bias affected by […]
Klondex Mines reported again good Q1-2016 results and is full on track to meet production guidance, Jochen Staiger, CEO, 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/#187011 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: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish […]
