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 […]
Since our previous analysis, gold has been downwards. As I expected, the price tested the level of $1,252.27 in a high volume. My downward target at the price of $1,256.00 has been met. A lower diagonal of the channel is on the test. We may see potential bullish correction but due to strong downward pressure […]
Euro & Pound Diverge Morning Report: 06.30 London • The euro remains pressured this morning after heavy selling on Wednesday amid speculation that the ECB will extend its easing program and general policy uncertainty. The move saw the euro sink against the dollar and especially against the pound. […]
Gold prices plunged as traders sensed the Federal Reserve would increase interest rates next month. Minutes from the US central bank’s meeting in April indicated policymakers would consider raising rates in its June gathering. June gold closed at $19.40 an ounce, down 1.5%. July silver ended at $16.88 an ounce, down 2.6%. Declines came as […]
Gold broke below support and out of the triangle pattern yesterday as we expected. The bearish signals were there. Gold is in a bearish trend and could see the $1,237 support being tested. Important resistance is the $1,275-80 area now, and as long as the price is below it, the trend will remain bearish. Black […]
Technical outlook and chart setups: Silver dropped lower towards $16.70 levels yesterday before pulling back higher. The metal is seen to be trading at $16.81 levels at the moment, looking to rally further at least towards $17.60 levels before reversing lower. Please note that the probability still remains that the metal hits fresh highs at […]
Technical outlook and chart setups: Gold has dropped lower and is seen to be trading at $1,258.00 levels, looking to pull back higher for now before turning bearish again. Please note that the yellow metal has again found support around fibonacci 0.618 levels of the rally between $1,227.00 and $1,303.00 levels respectively. Moreover, the metal […]
Overview The gold price approached from testing the main bullish trend line located at $1,267.70. The price needs to settle above this level for the expected bullish trend continuation for today. A breach of the mentioned resistance will extend the bullish wave to $1,344.85 directly. A break of the $1,267.70 level will push the price […]
Overview The silver price trades negatively turning back to test the critical support at 17.00. A break of this level is followed by a breach of 16.90, which is a negative factor that will complete the head and shoulders pattern formation shown on the above chart. Then the price could return to decline targeting 16.37 […]
Since our previous analysis, gold has been moving sideways at the price of $1,273.00. According to the daily time frame, I found weakness in the background. Bullish bar closed in the middle. Anyway, according to the 4h time frame, I found a downward channel. There are two options in my opinion. The breakout of level […]
Soft Start for Euro Morning Report: 06.30 London • This morning, the euro is lagging on reports that the IMF is pressing the EU to allow Greece to skip paying interest payments. • The EUR/GBP is lower despite UK inflation and PPI coming in below […]
Technical outlook and chart setups: Silver is seen to be trading at $17.03 levels. It can produce intraday rallies but remain in control of bears till prices remain below $18.00 levels. The metal dropped lower towards $16.80 levels before pulling back towards $17.40 levels as seen here. Please note that the metal might extend its […]
Technical outlook and chart setups: Gold is seen to be setting up for a continued drop towards $1,237.00 and lower levels. The yellow metal is trading at $1,272.00 levels at the moment, and might test $1,282.00 levels again before finally reversing lower. Please note that Gold remains a candidate to sell on rallies till prices […]
