Overview: Since our last analysis, gold has been trading upwards, as we expected, the price rejected from our Fibonacci retracement 61.8% at the price of 1,290.00 on very high volume. As you can see in the chart, our Fibonacci retracement 61.8% at 1,290.00 held successfully again, which is sign that selling at this stage looks […]
Oil prices fluctuated near a four-week high on May 20, as global markets responded to speculation regarding supplies of the energy source. The June WTI contract fell 24 cents to $102.37 per barrel at 1:24 p.m. on the New York Mercantile Exchange, according to Bloomberg News. The contract reached $102.61 a barrel on the previous […]
Technical outlook and chart setups: 1. Gold continues to drift within the cone structure and is seen bouncing from the support line at $1,285.00 again. The metal is now poised to again test the upper boundary at $1,305.00/06.00 at least. A break higher now, could be very encouraging for bulls. Recommendations are to remain long […]
Gold prices endeavored to glide higher on Wednesday, breaking out before the FOMC minutes, the first main economic development this week. Gold for June delivery fell 50 cents to $1,294.10 per ounce. July silver grew 3 cents to $19.44 per ounce. Previously, gold prices climbed but failed to break free from its close trading range as the […]
Iron Ore Prices Pressure Aussie Morning Report: 08:30 London • This morning, softer iron ore prices are putting pressure on an already struggling Australian dollar. To add insult to injury, consumer sentiment dropped by its largest amount for 12 months. The AUD/JPY is down 0.23%, with related pairs down by a similar margin. […]
Gold remains inside the sideways triangle pattern. Volatility is expected soon to rise and Gold price to start a new move. Gold price will soon start a new move as we expect volatility to rise as this sideways move has lasted too long and the price range is getting tighter. Gold price is in a […]
May 21, 2014 – Commodities News Hot Asset For Today: Gold Yesterday the price of Gold fell below its support at $1,287/ounce, however did not break it and reversed back above $1,292/ounce. The price has been ranging around $1,300/ounce for past week. Now the market awaits the FOMC monetary meeting policy where we expect another […]
May 20, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold increased to $1,305/ounce but due to a lack of economic data the price reversed and fell back below $1,295/ounce. The price reacted to the positive data from U.S. stocks and also as U.S. bonds performed better, investors are more interested […]
May 20, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold increased to $1,305/ounce but with lack of economic data the price reversed and fell back below $1,295/ounce. The price reacted on the positive data from U.S. stocks and also as the U.S. bonds performing better, investors are more interested to […]
Gold slacked in electronic trading Tuesday but stayed mostly to its recent range as traders prepared themselves for the FOMC minutes to be released today. Gold for June delivery slipped $2 to $1,291.80 per ounce. July silver was even at $19.35 per ounce. ANZ Research Analyst Victor Thianpiriya said the fact that funds continued on unloading […]
Aussie shrinks on RBA Minutes Morning Report: 08:30 London • This morning, the Australian dollar is peeling back after the release of the minutes from the last RBA meeting. These minutes appear to pour cold water on the idea of an imminent rate rise, with the AUD/JPY and AUD/USD forced down by 0.60%. The NZD/USD is […]
CRUDE OIL: With Crude Oil rallying during Monday trading session, it faces the risk of a recapture of the 102.64 level. A decisive break and hold above here will aim at the 103.00 level and then the 104.98 level. We may see a price halt here but if taken out, resistance is seen at the […]
Gold ended below $1,300 per ounce as investors assessed the condition of the US economy and the outcome on monetary stimulus against upheaval in Ukraine. Bullion for immediate delivery dealt at $1,294.06 per ounce at 9:42 a.m. in Singapore from $1,293.52 on May 16. Last week, the metal concluded the first weekly profit in three as separatists […]
Aussie Suffers While Euro Rebounds Morning Report: 08:30 London • This morning financial markets have a slight negative bias after a generally benign session in Asia. The S&P 500 is dropping lower, while the main ‘risk on’ currencies such as the Australian dollar are finding few friends. […]
May 19, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold started the week below $1,300/ounce. The price might be under pressure as the U.S. housing data on Friday came above expectation and support the economic outlook of U.S. However, we need to be careful with fast selling decision as the […]
GOLD: With GOLD reversing almost all of its gains to close marginally lower the past week, further downside pressure is likely in the new week. However, as long as it can hold above the 1,268.39 level, it should maintain its recovery tone. Resistance comes in at the 1,315.48 level. A violation will aim at the […]
Overview According to our yesterday’s expectations, the price’s close below the Support level of 19.50 would give new opportunities for sell signals. Currently, the metal has already managed to close below the Support level to trade below and open the way towards 19.20 as the first target, then the metal must test the Support level […]
Overview: Since our last analysis, gold has been trading sideways, around the price of 1,294.00, we are waiting for larger activity. As you can see in the chart, our Fibonacci retracement 61.8% at 1,290.00 held successfully, and that caused price to start upward movement and test the level of 1,305.64. According to the Daily timeframe, […]
Silver has been under strong bearish pressure recently – with each upward correction being met with sharp selling which eventually brought the price to the major support level 19.00 (which has been steadily reversing the Silver up from the start of December, as you can see on the daily Silver chart below). The latest upward […]
The scenario where we can see the Gold price rise above $1,331 is losing points every day. There are now more chances to see Gold price break down below $1,270 and move to $1,200. Gold price has been rejected at the upper triangle price range and is trying to break below the short-term support area […]
Technical outlook and chart setups: 1. Gold hits the line of resistance within the cone consolidation around $1,305.00 levels and falls back sharply towards $1,294.00/95.00 levels as expected. The metal is still trading at range lows and $1,280.00 could be bought, if prices reach there and bounce off. Recommendation for now is to remain flat. […]
May, 16 – Commodities News Hot Asset For Today: Gold Gold climbed early during the Asian session on increased physical demand stemming from the CME’s decision to reduced the required margin for trading the precious metal by 7.7%. However, now the commodity is retracing all the gains in anticipation of US data coming out later […]
Technical outlook and chart setups: 1. Silver falls back to $19.40 levels as discussed and expected yesterday. The metal could now rally up to $19.80 levels before falling back. A break of the interim support line and $19.00 20/00 levels from here could be encouraging for bears and open doors for fresh lows below $18.00 […]
Correction or reality starting to set in? Morning Report: 08:30 London • Yesterday saw stock markets and the main ‘risk-on’ currency pairs fall back despite some positive economic news from the US. Europe led the way here as Eastern nations saw their growth slow more than expected and French & Italian economies flat lining. This is […]
The yellow was beaten by a strong US dollar. The recent economic data strengthen the USD. Yesterday, the printed economic data were in a mixed bag. The metal is still trading below the white upper trendline (below chart) and 50 day SMA. From last two days it is making a lower lows and lower highs […]
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Overview: Since our last analysis, gold has been trading upward, the price tested the level of 1,308.83 on volume just above the average according to the daily chart. As you can see in the chart, our Fibonacci retracement 61.8% at 1,288.00 held successfully, and that caused price to start upward movement and test the level […]
Overview In today’s H4 chart, the metal is still trading between the Support level of 19.50 and the Resistance level of 19.75 after it failed to break the Resistance level of 20.00 yesterday and bounced from it to take a slightly downward move. Currently, it is approaching the Resistance level of 19.75. Presently, we suggest […]
Gold prices were seen falling on Thursday as investors raise concerns over the possible lower demand from China, the largest consumer of the metal. Gold Futures for immediate delivery fell 0.18% lower to $1,303.50 an ounce at the time of writing, dropping from $1,309.09, the highest price since May 7. While silver edged 0.15% lower […]
The government and the quasi-governmental bank, the U.S. Federal Reserve, do not want you to read this report we are about to share with you, because it uncovers the devastating impact they have had on the nation’s money (YOUR money), as well as the U.S. economy and financial markets. Operating under a government mandate and […]
