They are no major economic releases today from the US or EU so sentiment is very likely to remain supportive for stock markets, oil, gold and obviously major currencies versus the USD after Janet Yellen’s speech on Monday. Currencies: USD Index is trading at a 4 week low, EURUSD is attempting new highs but price is […]
Gold price consolidated for a couple of days after the Friday’s spike up to $1,249. Price formed a bullish flag that was falsely broken yesterday and today we see a bullish breakout. Price remains below important long-term resistance of $1,260. Black line – long-term resistance Red lines – bullish flag Gold price is trading above […]
Overview Gold price managed to close above 1,243.17 level yesterday. This fact represents a positive factor that supports the continuation of the bullish trend scenario on the intraday and short term basis. Additionally, this scenario gets continuous support from the EMA50 and the positive overlapping signal that is coming from stochastic now. Therefore, these factors […]
Overview Silver price has been trading with slight negativity since morning, having moved below 16.37 level, and stochastic is reaching the thresholds of the oversold levels now. Meanwhile, the EMA50 forms an intraday support base at 16.25 that protects the positive scenario suggested in our last reports. Therefore, the bullish bias will remain preferred on […]
Since our previous analysis, gold has been moving downwards. The price tested the level of $1,236.30 in a high volume. According to the 30M time frame, I have found changes in the trend dynamic from bullish to bearish. There is a buying climax in the background and today I found no demand bars that is […]
Gold is consolidating sideways and may be forming a bullish flag pattern. The price has stopped its rise right under the daily Ichimoku cloud resistance. I believe a major low is in place, and a new uptrend has started. Black lines – bullish flag pattern This is a promising bullish flag pattern. If the price […]
Overview Gold price managed to touch our first target at 1,243.17 and closed above it last week, which opens the way to continue the bullish wave on the longer term basis. It can help to reach the previously recorded top at 1,303.58 as the next main target. The price needs to build good support base […]
Overview Silver price gained good profit last Friday, having reached the first target at 16.37. Currently, the price advances further, reinforcing the expectations of the continuation of the bullish trend on the longer term basis, especially after silver closed last week’s trading above the mentioned level. Therefore, we believe that the way is open to […]
Since our previous analysis, gold has been moving upwards. The price tested the level of $1,248.54 in a high volume. According to the 5M time frame, I found upward pressure and successful testing of supply in a low volume. Watch for buying opportunities on dips. The trend is upward. Intraday take profit level is set […]
As we expected gold price started a new trend after the Non-Farm payrolls announcement last Friday. In our previous analysis we noted that the downside potential was limited and a bounce towards the $1,250-60 area at least was expected. Gold price spiked upwards and gave a short-term buy signal. Blue lines – bearish channel (broken) […]
Goldman Sachs reports receiving an estimated quarter of a million applications from students and graduates for job positions this summer, quashing fears of ‘brain drain’ in the banking sector as large banks continue to add more employee- friendly regulations. According to Financial Times, the number of applications shows an increase of more than 40% since […]
Stocks Report: Facebook Facebook reversed from pivotal support level 115.00 Further gains likely toward 121.10 and 125.00 Facebook recently reversed up from the support zone lying between the pivotal support […] The post HY Newsletter – Gold Breaks Support Level appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) for […]
Official ‘Out’ campaign in the UK’s EU membership referendum gives the case for the UK to leave the EU by focusing on Europe, Matthew Elliott, CEO, Vote Leave You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#183689 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 […]
Since our previous analysis, gold has been sideways at the price of $1,211.00. According to the daily time frame, I found a reversal candle pattern, the Morning Star formation. Notice the volume on the bearish bar. It is very low, and this is a sign that sellers lost power and that reversal is possible. Stochastic […]
Gold is trading above the $1,200 area and has made a double bottom at $1,206. Breaking below this level will push the price towards $1,190. Upside targets are $1,230 and $1,260. We are close to a bullish reversal. Gold has already bottomed or is very close to making an important low. Black line – long-term […]
Overview The gold price retested the previously breached resistance line of the falling wedge that met the key support at $1,205.80. The price succeeded to hold above this level rebounding bullishly in attempt to resume the bullish trend on an intraday and short-term basis. The price is supported by stochastic positivity that appears clearly on […]
Overview The silver price steadily fluctuates above the key support at 15.87. Stochastic heads upwards providing a positive factor that supports a rise continuation in the upcoming period. Therefore, our bullish overview will remain valid and active on an intraday basis. The first target is represented by testing the 16.37 level, a break of which […]
Since our previous analysis, gold has been sideways at the price of $1,216.60. According to the daily time frame, I found a reversal candle pattern, the Morning Star formation. Notice the volume on the bearish bar. It is very low, and this is a sign that sellers lost power and that reversal is possible. Stochastic […]
Pounds Levels after Brexit Scare Morning Report: 06.30 London • This morning, the pound is on the rise after two days of selling sparked by referendum polls on EU membership narrowing. The EUR/GBP looks set for another day of gains, though. […]
Gold is trading above the $1,200 level and near the $1,220 short-term resistance. The price is expected to make a strong bounce towards $1,260 at least. However we might first see a small decline and a new low near $1,190 before this bounce. Black trend line – resistance trend line Blue lines – bearish channel […]
Technical outlook and chart setups: Silver is seen to be trading at $15.97 levels for now after bouncing off $15.81 levels yesterday. The metal now seems to have formed an intermediary low at $15.81 levels and is looking to rally from here. Please note that the metal has bounced off the fibonacci support/convergence around $15.80/16.00 […]
Technical outlook and chart setups: Gold is seen to be trading at $1,214.00/15.00 levels at this moment. It may be looking to print one last low around $1,197.00 levels before turning bullish. The metal is looking to produce a countertrend rally after forming a base around $1,197.00 levels. On the flip side, the metal may […]
Sector selection and companies in oil, gas, mining or gold? Dr. Torsten Dennin, Tiberius Asset Management AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#184466 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 Schauen Sie Dukascopy TV in Ihrer […]
The future development of crude oil. Dr. Torsten Dennin, Tiberius Asset Management AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#184392 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 Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez la […]
Since our previous analysis, gold has been trading upwards. The price tested the level of $1,219.70 in an average volume. According to the 30M time frame, I found an upward channel. We can observe successful testing of the upward diagonal, which is a sign that selling looks risky. I found a narrow spread of the […]
Gold price bounced as we expected above the short-term resistance of $1,215 and has reached $1,220. However the form of the rise continues to look corrective and this means that once this bounce is over, a new low towards $1,190 should follow. Black trend line – long-term resistance Blue lines – bearish channel Black lines […]
Since our previous analysis, gold has been trading upwards. The price tested the level of $1,214.08 in an average volume. According to the 30M time frame, I found a potential bearish flag formation. Watch for potential breakout of an upward channel to confirm further downward continuation. If the price breaks the level of $1,209.70, we […]
This week we have crude oil prices climbing to $50 a barrel, while Gold plummeted to a 3-month low. Here’s What Happened: The price of crude oil surpassed the $50 a barrel level for the first time since October 2015 and reached $50.19. Since mid-February when it was trading at a 13-year low of $26.04 […]
Gold price held above $1,200 yesterday and bounced towards our first important short-term resistance of $1,215. Price remains inside the bearish channel and as long as we are inside it we can even see it near $1,190-80. I believe a bigger bounce has already started towards $1,250. Black line – long-term resistance Blue lines – […]
Overview Gold price opened this week with a clear decline towards the main target at 1,205.80. It was pushed negatively to surpass the target and settles below it. This opens a way for the extension of the correctional bearish wave on the short-term basis to target 1,175.60 areas as next main station. Therefore, we expect […]
