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: […]
UK Rates Set to Remain Unchanged Morning Report: 06.30 London • The morning markets are eyeing the latest interest rate decision from the Bank of England. As has been the case since the financial crisis, no change is expected, but traders will no doubt read the comments from governor Mark Carney. The EUR/GBP rose sharply […]
Gold price has reached our targets of $1,270-80 for the bounce we expected. Now Gold price is already 10$ lower than its latest high and got rejected at the 50% retracement of the decline. There are increased chances that a high is in and that a push below $1,260 is coming. With stochastic oscillator in […]
After a few quiet days, there are several important data releases today with Super Thursday for the UK standing out as the most important one. With Brexit looming over the horizon, it is very likely that the press conference following the rate decision will focus on the upcoming referendum with any views on it, to […]
Stocks Report: Google Inc Google completed minor ABC correction 2 Likely to rise to 730.00 Google recently reversed up from the support zone lying at the intersection of the pivotal […] The post HY Newsletter – Silver Reversed From Support Zone appeared first on | HY Markets Official blog. Related Posts:Analysis for GBP/USD on April […]
Since our previous analysis, gold has been moving upwards. As I expected, the price tested the level of $1,274.32 in a high volume. According to the 30M time frame, I found that strength came in near the level of $1,270.00. According to the 15M time frame, I found the inverted head and shoulders formation (bottoming). […]
Technical outlook and chart setups: Silver is trading at $17.30 levels at this moment after bouncing off $16.88 levels yesterday. The metal might be looking to retrace lower towards $17.00 levels from here, before resuming rally. Please note that, possibility still remains for a drop to $16.70/80 levels since the fibonacci 0.382 support is also […]
Technical outlook and chart setups: Gold is seen to be trading at $1,272.00 levels at this moment, after having bounced off a major support at $1,256.00 levels yesterday. The wave which began from $1,256.00 levels seems to be loosing steam now, and the metal is preparing for a pullback/drop lower from current levels. It is […]
Kiwi Dollar Pushes Higher Morning Report: 06.30 London • The New Zealand dollar is out-performing overnight after the RBNZ expressed concern about the hot housing marketing, but stopped short of any measure to tighten lending. The NZD/USD is unchanged this morning but saw some late buying interest last night. […]
Gold price as expected has bounced towards $1,270-80 area. Price has reached the first important short-term resistance at the 38% Fibonacci retracement of the decline from recent highs. This upward bounce could continue higher. Blue line – broken channel Price has entered the Kumo area where opening a position should be avoided as this is […]
Today’s calendar is relatively thin, with the only news standing out being UK industrial production as well as GDP estimate for Q2. The USD continued to strengthen against major currencies yesterday. Looking ahead, the collapse in the USD last week could signal the end of the USD selloff, for now. Stocks: this week is more […]
Since our previous analysis, gold has been moving downwards. As I expected, the price tested the level of $1,259.26 in a high volume. According to the 4H time frame, I found that strength came in near the level of $1,260.00. My take profit level, Fibonacci expansion 100% at the price of $1,260.50, has been reached. […]
Nevada gold mining and how to become a 100,000 ounces gold producer? Corrado de Gasperis, President & CEO, Comstock Mining Inc. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#183560 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 […]
China Shrinking at a Slower Pace Morning Report: 06.30 London • This morning, the US dollar has continued its resurgence, switching the balance of power away from the yen which is struggling this morning. The dollar’s surge is being helped by oil prices dropping below $44.00 yesterday. […]
Technical outlook and chart setups: Gold had hit $1,259.00 levels yesterday before pulling back. The metal seems to be trading at $1,266.00/67.00 levels at this moment and maybe looking to rally towards new highs or at least $1,280.00/85.00 levels, in case of a retracement. Please note that the metal may still be considered in a […]
Technical outlook and chart setups: Silver had dropped through $16.88 levels yesterday, before pulling back. The metal is seen to be trading at $17.10 levels at this moment, looking to rally further towards $18.00 and $18.40/50 levels. Please note that $16.80 is fibonacci 0.382 support level of the rally between $14.70 and $18.00 levels respectively, […]
Gold price fell sharply yesterday below $1,270 and reached the lower short-term support boundary at $1,260. A short-term bounce towards $1,270 is justified now or even towards $1,280. So taking profits from short positions is justified in order to re-sell higher. I believe the short-term downward move is complete and a bounce should bring Gold […]
• Historically the first trading session after the NFP, is the least volatile and yesterday’s session held true to that statement. From an economic news point, the highlights of this week include, Thursday’s Bank of England Monetary policy Decision and Friday’s US Retail Sales. The USD is basically at two-week high against the bulk of […]
Overview Gold price has been showing bearish bias since morning to test the bullish trend line, that appears on the chart. The line is met by the EMA50 to add more strength to it. Importantly, stochastic’s got rid of its negativity gradually in attempt to support the chances of resuming the bullish trend in the […]
Overview The silver price has tested the bullish channel’s resistance again without managing to breach it, so silver continues fluctuating around the EMA50. The price may show more sideways fluctuations until stochastic manages to get rid of its negative momentum and gather enough positive momentum to let the price to resume the positive attempts. In […]
Since our previous analysis, gold has been moving downwards. The price tested the level of $1,273.57 in a high volume. According to the 1H time frame, I found a buying climax in the background (volume spike) and strong reaction from sellers, since they absorbed an upward movement. I have placed Fibonacci expansion to find potential […]
Dollar Rallies Despite Payroll Miss Morning Report: 06.30 London • This morning, the dollar index is holding recent gains made despite Non-Farm Payroll data coming in well below expectations at +160k. The dollar’s apparent strength may be as much to do with the yen taking its foot off the gas as the USD/JPY continues its […]
