Overview: Since our last analysis, gold has been trading downwards, the price tested the level of 1,281.46 on ultra high volume (selling climax) according to the 1H timeframe. According to the daily timeframe, we have got weak demand on low volume which caused price to start downward movement. Anyway we have got strong bullish reactions […]
Volatility has finally risen in Gold prices, and we finally saw a break out we were expecting to come. The tight price range of the triangle was preparing us for such a break out. Gold price has broken the $1,287 lower boundaries and is now testing support at $1,280. Gold price in the 4-hour chart […]
Markets still optimistic despite far right gains Morning Report: 08:30 London • Financial markets have generally made a positive start to the day as Asian equities remain around 2014 highs and European markets shrug off electoral gains for far right parties. The big ticket news item is that the ECB might just be willing to open […]
May 27, 2014 – Commodities News Hot News For Today: Gold The price of Gold is currently on its downtrend heading to its support. We saw previously several occasion when the price sharply increase or decrease, however always reversed and returned to the area of $1,295/ounce. With lower tension in Ukraine we should expect the […]
Technical outlook and chart setups: 1. Silver is seen to be bouncing off its lower support range around $19.20/30 at the moment. A bounce towards the $20.00 levels is expected from here on. A push through $20.40 is required to confirm that Silver could continue further upside. 2. Support is seen at $19.00 levels, followed […]
Technical outlook and chart setups: 1. The yellow metal raised through $1,300.00/02.00 levels yesterday before pulling back sharply. Please note that yet again, the metal tested resistance line as seen here around $1,302.00 before drifting lower towards $1,290.00. The lower boundary support is around $1,288.00 at the moment and a bounce can be expected if […]
Overview As shown on the today’s H4 chart, the metal is stabilizing below the Resistance level of 19.50 after its failure to break the Support area of the upward trend line. Currently, we must wait for closing below the Support level of 19.20 and closing below to get the bearish move opportunity. In that case, […]
Overview: Since our last analysis, gold has been trading sideways, around the price of 1,292.00 on volume below the average. According to the daily timeframe, we can observe indecision bar on very low volume and strong bullish reactions in the background from our support at 1,277.00 on higher volume, which is a sign that short-term […]
Gold price has not made any important movement yet and remains inside the triangle formation. The price range is tightening even more and we prefer to wait to see a breakout before taking any action. Price levels to watch out for are the $1,310 and $1,280 levels. Price is below the short-term Ichimoku cloud and […]
Gold ended below $1,300 per ounce on Monday following it ended even for two straight weeks. Billionaire chocolate manufacturer and pro-West Petro Poroshenko claimed the Ukrainian presidency Sunday. He vowed to clamp down pro-Russian rebels and bring the country closer to the West. It was still uncertain on how Poroshenko could square the circle of turning […]
May 26, 2014 – Commodities News Hot Asset For Today: Gold Lately, price of Gold has been traded most of the time below $1,300/ounce. The tension between Russia and Ukraine might increase once the newly elected Ukraine president will be accepted. The president is not pro-Russian which might create some additional tension and pull the […]
Gold exchanged below $1,300 an ounce as unrest in Ukraine rises. Investors evaluated the monetary value of gold in regards with the tension in the Eastern European country. Platinum and palladium that backed assets in exchange-traded funds are set to rise to new records. Bullions today traded for $1,293 an ounce at 1:50pm based on […]
Technical outlook and chart setups: 1. Gold is still trading within the consolidation range between $1,285.00/90.00 and $1,301.00/05.00 respectively. After bouncing off the lower boundary at $1,286.00 levels on Friday, the metal is trading above $1,291.00 at the moment. Minimum implications from here is towards $1,305.00/10.00 levels. 2. Support is seen at $1,280.00, followed by […]
Technical outlook and chart setups: 1. Silver is seen to be trading in a consolidation channel as seen here, just below the line of support. Broader range is between $18.75 and $20.00 levels for now. At the moment, the metal has bounced off support from sub $19.00 levels and moving towards $20.00 levels if not […]
GOLD: Outlook for GOLD continues to remain lower though consolidating. It will have to break either way to create directional trigger. Support resides at the 1,273.80 level as the next support where a breach will set the stage for a run at the 1,268.39 level. Further down, a turn below the mentioned support will target […]
Overview: Since our last analysis, gold has been trading upwards, as we expected, the price tested the level of 1,303.41 on high volume according to the 4H time frame. According to the Daily timeframe, we can observe indecision bar and strong bullish reactions in the background from our support 1,277.00 on higher volume, which is […]
Markets Stretch Back Towards Highs Morning Report: 08:30 London • This morning, world markets are eyeing all time highs, as Asia-Pacific stock markets eye 2014 highs and the S&P 500 its all time highs. • Generally, markets are waiting […]
Nothing has changed in our Gold outlook since yesterday. Price remains inside the triangle formation. As suggested by our previous analysis, the preferred strategy to follow is to be neutral and wait for a break out. The price range of the triangle is tightening. Soon we will see a breakout. Above $1,310, the trend is […]
Technical outlook and chart setups: 1. Silver is seen to be trading around $19.45 levels for now, well above its support at $19.00. The metal is consolidating since last several trading sessions between the $20.00 and $19.00 levels. A break out on either direction is required to confirm the next trade direction. At the moment, […]
Technical outlook and chart setups: 1. Gold is still trading in a tighter cone consolidation as seen here. The upper and lower boundaries remain as $1,300.00/05.00 and $1,285.00/90.00 for now. A break out is imminent as each session passes by. Recommendations are to remain long, risk remains below $1,280.00 levels. 2. Support is seen at […]
May 23, 2014 – Commodities News Hot Asset For Today: Gold Gold is ranging today as there is no information being released anytime soon that could affect its price. US housing data later today may push gold, but aside from that there are no external forces that could move the precious metal significantly, Consequently, more […]
Gold exchanged under $1,300 an ounce, slightly altered this week, as investors evaluated the health of the U.S. economy and the effect on financial stimulus. Platinum and palladium were set for a second week of advances. Bullion for immediate delivery exchanged at $1,294.94 an ounce at 11:29 a.m. in Singapore, based to Bloomberg generic pricing. […]
Overview Based on the H4 chart above, silver has stabilized above the Support area again after its rebound from the Resistance level of 19.75 yesterday. If silver continues its bearish move and manages to break the Support area after closing below the upward trend line, it will produce a strong indication for the downward move […]
The metal is going through a huge consolidation and making a symmetric triangle, either breakout will create a wide room for trading. The height of the triangle is 62.5 points, which creates a new direction in the near-term future. The pair has been trying to break the 50-day SMA for the last one month, but […]
Overview As it was expected yesterday, Silver has taken an upward move after its rebound from the Support area of the upward trend line with the Support level of 19.20. Currently, it is testing the Resistance level of 19.75 trying to break it through to continue its bullish move. More buy-signals would be provided in […]
Gold prices were seen trading slightly higher on Thursday, rising from the lowest in two weeks yesterday after the release of the Federal Open Market Committee’s (FOMC) minutes. Gold futures edged 0.48% higher, trading at $1,294.30 per troy ounce, after trading at $1,289.90, the lowest in two weeks. While silver futures edged 0.73% higher, trading […]
May, 22 – Commodities News Hot Asset For Today: Gold Since the release of the FOMC Meeting Minutes, gold has been climbing. The primary concerns for the yellow metal were a raising of the interest rate and further tapering. Since the Fed noted that they are not on a timetable for an interest rate hike […]
Overview: Since our last analysis, gold has been trading upwards, as we expected, the price rejected from our Fibonacci expansion 100% at the price of 1,284.00 on average volume. According to the Daily timeframe, we can observe indecision bar and strong bullish reactions in the background from our support 1,277.00 on higher volume, which is […]
Gold futures held below $1,300 per ounce after SPDR Gold Trust assets plunged to the lowest since December 2008 and the Federal Reserve said it noticed a hushed inflation risk. Bullion for immediate delivery increased and decreased at least 0.2% ahead of before trading at $1,294.72 by 2:58 p.m. in Singapore, previously $1,292.04. Gold for August delivery […]
Gold price has not made any real movement the last few sessions. Gold price continues to trade within the tightening range of the triangle. The triangle boundaries are at $1,287 and at $1,304. Gold price has a very low volatility for some time now and I expect this to end soon. I expect Gold price […]
