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 […]
Gold price has hit the upper triangle boundaries and has stopped its upward move as expected. No break out has been in Gold price yet. It is very possible to see the lower triangle boundaries now. Gold has short-term resistance at $1,308 and short-term support at $1,294. If support at $1,294 is broken we should […]
May 15, 2014 – Commodities News Hot Asset For Today: Gold Gold has risen recently due to safe haven demand from tension over the situation in the Ukraine. However, today the precious metal is retracing some of its gains in light of upcoming U.S. data. Note that safe haven demand is still strong, so there […]
Pound Extends Losing Streak Morning Report: 08:30 London • Markets are jittery so far this morning after disappointing earnings from Japanese companies such as Sony. The Ukrainian crisis continues unabashed with the West blaming Russia for inflaming the crisis in the East. The S&P 500 is up slightly while the dollar index regains its winning form. […]
Technical outlook and chart setups: 1. Silver has hit the $20.00 levels as it was discussed yesterday. At the moment the metal is pulling back, and support could be seen around the $19.40 levels before the rally resumes. A break below $19.20 levels would indicate that a top is in place at $20.00 now, and […]
Technical outlook and chart setups: 1. Gold rallied yesterday only to face resistance around $1,304.00 levels as seen here. The metal is consolidating again in a cone format between decreasing resistance and increasing support lines as seen here. A break out of this consolidation is required to decide further direction, recommendations for now is to […]
Investors who participate in crude oil trading should be keeping an eye on two situations at the moment – the Ukraine crisis and supply in the U.S. According to Reuters, Brent futures reached a two-week high earlier this week in response to growing tensions in Ukraine. Russian President Vladimir Putin recently said he would pull […]
CRUDE OIL: With Crude Oil’s strength cut short at the 102.64 during Wednesday trading, its faces downside risk in the days ahead. On the downside, support lies at the 101.15 level where a violation will turn focus to the 100.00 level. A cut through here will pave the way for a run at the 99.00 […]
Overview : Since our last analysis, gold has been trading upward, the price tested the level of 1,305.64 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 […]
Yesterday the metal failed to break the Support level of 19.50 to bounce again from it and trade between this Support level and the Resistance level of 19.75. Currently, the metal is approaching the Resistance level of 19.75 in order to test it again, therefore we should wait for closing above to continue its upward […]
May 14, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold slightly advanced after the U.S. Retail Sales data showed disappointing 0.1% instead of expected 0.5%. The price shortly move up but never reach $1,300/ounce. The price has been mostly ranging between 1,290 and 1,297. Today we should keep an eye […]
Markets Bypass China/Ukraine Concerns Morning Report: 08:30 London • This morning, the Australian dollar is centre stage after the 2014 budget saw the introduction of a number of radical measures including a 2% levy on incomes above $180,000. The move hit Aussie equities, but so far currency traders have boosted the AUD/JPY and AUD/USD. […]
Gold price continues its sideways consolidation by forming a triangle pattern. This means that the trend is neutral and traders should wait for a breakout. Gold price as shown in the chart below is trading inside a triangular price range and there is no clear trend yet. So the best thing to do is to […]
Technical outlook and trade setups: 1. Silver is seen to be trading in a range between $19.00/05 and $19.70/80 levels as seen here. The metal is poised to test the resistance zone again around $19.90/20.00 levels. A break above it shall be extremely positive and encouraging for bulls and push further towards $20.50 and higher […]
Technical outlook and chart setups: 1. Gold has again found support around the $1,285.00/90.00 region, but a push above $1,310.00 levels needs to be seen to confirm further upside momentum. At the moment, the metal is seen to be trading in a range between $1,270.00 and $1,305.00/10.00. Recommendations are to remain long, with risk below […]
OverviewSince our last analysis, gold has been trading upward, the price tested the level of 1,303.58 on volume just above the average according to the daily chart. As you can see in the chart, our support level is held at 1,277.00 successfully, and that caused price to start upward movement and test the level of […]
Overview According to out last week expectations, Silver would take an upward move after its rebound from the Support level of 18.90. Currently, it is testing the Resistance level of 19.50 trying to break it through to continue its bullish move. More buy-signals would be provided in case of closing 4H above this Resistance level […]
Markets rally despite China Production Slip Morning Report: 08:30 London • Financial markets have a positive bias this morning as last night’s positivity from the US spread throughout Asia overnight. This bullish mood is carrying over despite poor Chinese data overnight which saw another slip in production, investment and retail sales. […]
Technical outlook and chart setups: 1. Silver has produced an engulfing bullish candlestick chart pattern right at the trend line support around sub $19.00 levels as seen here. At the moment, the metal is consolidating gains and is expected to rally further to take out $20.00/40 levels from here on. This event would confirm that […]
Technical outlook and chart setups: 1. Gold has produced a bullish engulfing candlestick chart pattern by bouncing off the trend line support around $1,280.00 levels as seen here. This indicates that bulls are in control for now and dips could be bought till prices are above $1,280.00 levels.Minimum upside target seen from here is the […]
Gold price remains above critical support of $1,270-75 but lacks the strength to break above short-term resistance of $1,315. Price has pulled back after trying to move above $1,300. Gold price has moved below Ichimoku cloud again and this is not a good sign for bulls. The only good thing for bulls is the fact […]
May 13, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold was spurred yesterday by tension in Ukraine, however as Russia did not make any significant steps the safe-haven assets declined. The price of gold immediately returned below $1,291/ounce and if the data in U.S. (Retail sales at 12.30PM GMT) comes […]
GoldAll eyes are on today’s US core retail sales and retail sales. We expect the indicator to rise at solid pace. The sales growth is likely to be above 0.4%. In yesterday’s session Gold was supported by geo-political tensions. The SPDR gold fell to 780.46 tonnes from 782.80 tonnes. In yesterday’s session the metal again […]
