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 […]
Gold is trading inside a triangle pattern while now it is testing the lower boundary. If support fails to hold, then we should expect the price to test the important short-term $1,260 support. If this support fails, my target is $1,237 and the next one, below $1,200. Bulls need to retake $1,290 in order to […]
Market challenges, silver markets today and results 2015/2016, Bradford Cooke, CEO, Endeavour Silver Corp. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#183665 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 […]
Since our previous analysis, gold has been moving downwards. The price tested the $1,268.91 level in a high volume. On the daily time frame chart, I found a strong sign of weakness. I found a bullish bar in an average volume bit with very weak close. The bar closed below the middle, which is a […]
Gold bulls tried to break above the trend line resistance yesterday at $1,290 but got rejected. The price remains above the critical support of $1,260 but yesterday’s rejection is an important weakness sign. A confirmation of this weakness will come once the price breaks below support at $1,260. Black line – resistance Green line – […]
A filing with the U.S. SEC revealed on Monday that hedge fund Paulson & Co. slashed its stake in the gold-backed exchange-traded fund SPDR Gold Trust in the first quarter of 2016. The 13F-HR filing showed Paulson $ Co. maintained 4.8 million shares worth $561.7 million on March 31 in the ETF Paulson also cut […]
Today’s focus turns to US and UK CPI inflation as well as US Industrial production figures for the US. Overnight, we saw a quiet session with OIL’s recovery being the main theme. Stocks: Asian stocks have recovered from 2 month lows on Tuesday after a rebound in US where stock markets gained around […]
Overview The gold price failed to break the bullish trend line (shown on the above chart) to trade positively and breach the minor bearish channel’s resistance. The latter forms bullish flag continuation pattern that we expect to lead the price to achieve more gains in the upcoming period, especially given that the EMA50 supports the […]
Overview Silver price attempted to break the neckline of the head and shoulders pattern that appeared on chart without managing to break it. It also made an attempt to visit the bullish channel resistance located at 17.75, supported by breaching of the EMA 50. Besides, stochastic is heading upwards in the four-hour time frame. Therefore, […]
Since our previous analysis, gold has been moving upwards. The price tested the $1,283.64 level in a high volume. On the 5M time frame chart, I found an upward trend line and successful rejection in a low volume. The price is testing an upward diagonal and there has been no selling power for breakout so […]
Optimistic Start to Week Morning Report: 06.30 London • This morning, markets have started the week with an optimistic, if cautious bias. Economic Bellwether the Australian dollar is on the rise, along with its close cousin the New Zealand dollar. […]
Today’s calendar is very light with only US PMI standing out this afternoon, which is expected to decline to 7 from 9.6 in April. Over the weekend, Chinese data came out weaker than expected however reactions were not very negative. The new string of bad data reveals though that China’s assumed recovery is still fragile. […]
Gold remains supported and mainly moves sideways in a neutral range between $1,290 and $1,250. A breakout above or below this range will push the price towards $1,350 or $1,190 respectively. Black line – resistance trend line Gold is trading again above the Kumo on the 4-hour chart but below the black trendline and with […]
Technical outlook and chart setups: Silver dropped lower to $16.80 levels on Friday before pulling back. The metal is trading higher at $17.30 levels at this moment, expected to face resistance at $17.50 levels. Please note that $17.50 is also the fibonacci 0.618 resistance of the drop between $18.00 and $16.60 levels respectively. The metal […]
Technical outlook and chart setups: Gold is seen to be trading higher for the day at $1,278.00 levels at this moment and is soon approaching a resistance zone around $1,280.00/82.00 levels. A push above $1,282.00 levels would open doors for a test of $1,295.00 levels at least. Please note that probability still remains for a […]
Overview The gold price showed positive trading this morning starting new test of the bearish channel’s minor resistance. This urges caution from the upcoming trading as a confirmed breach of the level of $1,273.00 will stop the current negative pressure and lead the price to attempts to regain the main bullish trend. Therefore, the bearish […]
Overview Silver price continued its negative trading yesterday to show initial test of the neckline of the head and shoulders pattern that appeared on chart. It is located at 16.90. As we mentioned yesterday, breaking this level will push the price to suffer more intraday and short-term losses. Its main targets are 16.05 and 15.65. […]
Since our previous analysis, gold has been moving upwards. The price tested the $1,276.12 level in a high volume. On the 15M time frame chart, I found upward trend channel. The price is testing lower diagonal of channel, and there has been selling power for breakout so far, which means that we may see potential […]
Technical outlook and chart setups: Silver is seen to be trading at $17.10 for now, after testing $16.88 level yesterday. The wave structure indicates that the metal is likely to push lower below $16.80 from the current levels. The metal is facing strong resistance at $17.60, and only a break above it would indicate that […]
Technical outlook and chart setups: Gold is seen to be trading at $1,275.00 levels at this moment, looking for a certain direction for the next move. The metal needs to either break above $1,280.00 levels or below $1,256.00 levels to determine its next move. Please note that the metal had bounced off the Fibonacci 0.618 […]
US Economy Remains Sluggish Morning Report: 06.30 London • This morning, the US dollar remains unchanged after a positive session yesterday. The move is part of the ongoing preference for safety following lackluster US unemployment claims yesterday. • Markets are generally lacking a strong trend […]
Gold had a very volatile day yesterday. The price remains pressured and poised to move lower as long as bulls cannot break above $1,290. Breaking above that area will open the way for $1,350. Until then, we remain bearish or neutral. Black line – trend line resistance Yellow area – overbought stochastic and previous tops […]
Successful sustainability management in mining in general. How Endeavour Silver handles this? Bradford Cooke, CEO, Endeavour Silver Corp. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#183680 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 […]
Overview Gold price found a good resistance for the minor bearish channel that its lines appears in the above chart. It begins to provide bearish bouncing signals now, supported by stochastic negativity that appears in the four-hour time frame. Therefore, the bearish bias will be preferred in the upcoming sessions, and the target is testing […]
Overview Silver is trading with a downward bias now heading for the critical support level at 16.90, as we mentioned this morning. This level represents the neckline of the head-and-shoulders pattern that appears in the image. Therefore, breaking it will confirm the extension of the bearish wave on the short- term basis to reach 15.65 […]
Since our previous analysis, gold has been moving downwards. The price tested the level of $1,266.32 in a high volume. On the 30M time frame chart, I found that strength came in at the $1,266.35 level. Bearish bar is in a high volume but it closed near the top (sign of strength). If there is […]
Outlook for 2016 from a TOP 10 gold producer. Neal Froneman, CEO of Sibanye Gold Ltd. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#183653 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: […]
