Since our previous analysis, gold has been trading downward. As I expected, the price tested the level of $1,220.35 in a high volume. According to the 15M time frame, I found strong downward momentum and a few up-thrust bars (supply overcame demand). I also found resistance cluster at the price of $1,222.60, which was held […]
Technical outlook and chart setups: Silver is seen to be trading at $16.25 levels at this moment after bouncing off $16.15 levels. Please note that another low could be made around $16.00 levels before pulling back. Please make note that $16.00 levels is the Fibonacci 0.618 support of the rally between $14.80 and $18.00 levels. […]
Is now the time to get into precious metals? 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/#184397 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: […]
Technical outlook and chart setups: Gold has dropped lower yet again today and is seen to be trading at $1,224.00/25.00 levels at this moment. Please note that the metal is at fibonacci 0.786 support of the rally between $1,207.00 through $1,303.00 level respectively. Moreover, a fibonacci convergence is also seen around $1,227.00/29.00 levels as depicted […]
Gold price moved lower to new lows near $1,220 just below our short-term target of $1,230. Price remains in a bearish trend but I prefer to take profits now in order to wait for the bounce to re-sell for the bigger correction target below $1,190. Black line – long-term resistance Blue lines – bearish channel […]
Gold to hit $100? Morning Report: 06.30 London • This morning, the US dollar is on the back foot after the dollar index closed at its highest levels for over two months last night. The USD/JPY is following suit and tucking back so far this morning. […]
USD Index is mixed as now markets are continuing to ad hopes for a summer rate hike, and markets starts preparing for next week’s NFP which is very likely to be the most volatile of this year. While EUR is soft, GBP remains the strongest currency of this week. Yesterday, US home sales data, showed […]
Overview The gold price showed a new test to the $1,243.17 level yesterday and kept trading steadily above it, which keeps the bullish trend valid until now. The price needs more positive momentum to resume the bullish bias, the main targets of which begin at $1,276.50 followed by $1,303.58 levels. We should take into consideration […]
Overview The silver price tests the critical support level at 16.25. This level represents one of the next trend keys besides the 16.37 resistance, where the price needs to breach one of these levels to detect its next targets clearly. Therefore, we will keep our neutrality until we get a clearer signal for the next […]
Since our previous analysis, gold has been trading downward. The price tested the level of $1,240.87 in a high volume. According to the 15M time frame, I found strong downward momentum and I found no demand bars. Buying Gold at this stage looks very risky. The support at the price of $1,243.00 has been taken […]
Aussie Still Trending Lower Morning Report: 06.30 London • Despite a few attempted recoveries in recent weeks, the trend seems firmly set against the Australian dollar with further downside this morning. This follows a Dovish interpretation of RBA Governor Stevens’ speech this morning. The New Zealand dollar is lower. […]
Gold price continues to trade in a bearish trend and is expected to move towards $1,230 before a bigger bounce. Overall I believe a big correction has started that will bring price towards $1,170-90. Black line – resistance trend line Blue lines – bearish channel Gold price is trading below the Kumo (cloud) and inside […]
Technical outlook and chart setups: Silver is also seen to be trading lower at $16.28 level at this moment, and it is expected to find support at $16.00 level. Please note that fibonacci 0.618 support is also at $16.00 level and a bullish turn from there remains high probability. It is hence recommended to initiate […]
Technical outlook and chart setups: Gold is seen to be trading lower at $1,245.00/46.00 levels for now, just below the trend line support as depicted here. Please note that the metal is still holding fibonacci 0.618 support zone and hence high probability still remains for a bullish turn around from here. The metal could probably […]
Despite a very thin calendar, the market was relatively volatile yesterday, and in favor of the USD. Catalyst for the strength in the Dollar was the evident support from FOMC members in favor for a rate hike sooner than the market expected. On the data front, German ZEW economic sentiment will be the main focus […]
Gold prolonged its four-day slump as more Federal Reserve officials made their case for increasing interest rates, denting the yellow metal’s appeal and the outlook for the US dollar. Philadelphia Fed chief Patrick Harker and San Francisco Fed head John Williams are projecting two to three rate increases in 2016. Previously, the central bank hinted […]
Overview The gold price has not shown any strong moves since morning, still steadily fluctuating within a tight track above the $1,243.17 level. Therefore, there is no change in the bullish trend scenario that is supported by stochastic reaching the thresholds of the oversold areas. The price is likely to breach $1,274.70 levels to open […]
Overview The silver price continues fluctuating steadily within a sideways track above 16.37 and 16.20 levels shown on the chart. This keeps the bullish trend scenario valid and active for the upcoming period. The price is likely to test 17.00 levels initially; a breach of this level will push the price towards 18.00 directly. Note […]
Since our previous analysis, gold has been trading sideways at the price of $1,249.00. According to the M1 time frame, I found a massive volume spike (selling climax), which is a sign of strength. A wide-spread bearish bar is in an ultra-high volume, but notice that the bar closed in the middle. If professional traders […]
Commodities and currencies. 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/#184387 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 Dukascopy TV dans […]
Technical outlook and chart setups: Silver has just hit another low at $16.29 levels, and should find support around $16.00 levels going forward. Please also note that fibonacci 0.618 support level of rally between $14.80 and $18.00 levels is also seen at $16.00/05 as depicted here on the 4H chart view. Please note that the […]
Technical outlook and chart setups: Gold is seen to be trading at $1,252.00/53.00 levels, testing its trend line support again. The metal seems to be looking to drop lower around $1,242.00 levels and complete its correction, before turning bullish again. Please note that structurally, the metal is looking to form an up gartley and should […]
Gold price remains in a bearish trend and despite the pause in the decline from $1,290, I expect price to move lower over the coming weeks as the weekly chart shows more weakness should be expected towards $1,200. Black line – trend line resistance Blue lines – bearish channel Gold price is trading inside the […]
Since our previous analysis, gold has been downwards. As I expected, the price tested the level of $1,243.62 in a high volume. According to the 15M time frame, I found weakness and resistance cluster at the price of $1,257.50. There are few bullish bars in a high volume but with weak close, which is a […]
US Manufacturing Gives Cause for Concern Morning Report: 06.30 London • This morning, the US dollar is holding recent gains despite below par US manufacturing data yesterday. Philly Fed Manufacturing dropped unexpectedly while unemployment claims came in marginally above estimates. • The USD/JPY fell back […]
Technical outlook and chart setups: Silver has dropped lower as expected and is now seen to have found support at the fibonacci 0.50% retracement levels of the rally between $14.80 and $18.00 levels respectively. The metal is seen to be trading at $16.50 levels and might drop to $16.00 levels before resuming its rally. Please […]
Technical outlook and chart setups: Gold has bounced off the fibonacci 0.618 support of the rally between $1,208.00 and $1,303.00 levels at $1,244.00/45.00 yesterday. The metal is seen to be trading at $1,253.00/54.00 levels for now, and it should be looking to continue the rally further towards fresh highs. Also please note that the metal […]
Gold price has broken down yesterday as we expected towards $1,240 and bounced. Price stabilized for a few hours around $1,260-55 and then broke to new lows. Price is expected to move even lower as I believe the big correction towards $1,150 has started. Black line – resistance Gold price is below the Kumo (cloud) […]
The financial calendar is light today with FED rate expectations dominating the moves in the market overnight. Yesterday Fed’s Dudley said that the US economy could stand a rate rise in June or July, however he also said that the UK referendum poses a risk to the fed’s rate outlook. On the data front, UK […]
Long term commodities development, Dr. Torsten Dennin, Chief Strategist, 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/#184274 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 […]
