Gold advanced to the highest peak in more than a week, slated for a monthly profit, as a declining crisis in Ukraine boosted haven demand. Assets in the biggest exchange-traded product were still the same on the fourth day. Bullion to be delivered immediately climbed around 0.3% to $1,306.59 per ounce, the highest since April 16, and dealt […]
Gold soared to the topmost performing mark in more than a week, set for a monthly advance, as an escalating dispute in Ukraine stoked haven demand. Assets in the biggest exchange-traded goods were unaltered for a fourth day. Bullion for immediate delivery rallied as much as 0.3 percent to $1,306.59 an ounce, the topmost since […]
Aussies Leads Away From Ukraine Morning Report: 08:30 London • Aussies Leads Away From UkraineFinancial markets have started the week with a dash of optimism despite ongoing tensions in Ukraine. Stock markets are up slightly, while the main risk-on Australian dollar pairs are on the rise. […]
Gold price continued its reversal from Thursday lows at $1,268. Gold price has broken the short-term downward sloping trend channel and is now testing resistance at $1,305 where the previous high is and the Ichimoku cloud resistance. Gold price has made a short-term reversal and is looking higher towards $1,330. I will be more confident […]
April 28, 12014 – Commodities News Hot Asset For Today: Gold The price of Gold has been pulled up for the same reason as Yen. Tension in Ukraine and adding sanction from the U.S. and European Union are increasing the demand for safe-haven assets. With higher price the physical demand for gold might weaken which […]
Technical outlook and chart setups: 1. Silver is testing line of resistance at 19.60/70 levels at the moment. Bulls need to clear 20.40 at least to remain in control. A turn from current levels could possibly print fresh lows. Recommendations are to remain flat for now. 2. Support is at $18.75, followed by $18.00 while […]
Technical outlook and chart setups: 1. Gold has pulled back sharply towards $1300.00/04.00, after printing lows last week. As seen here, the resistance line is being tested at $1,304.00/05.00 levels; a bullish break out would test $1,330.00 levels. Recommendations are to exit long positions, if any, and remain flat for now. 2. Support is at […]
GOLD weekly forecast U.S. policymakers have the chance this week to give clearer guidance on the future path of interest rates and settle markets that are uncertain over how and when a hike would occur. The Federal Reserve’s Open Market Committee meets from Tuesday to Wednesday. The U.S. central bank is likely to announce a […]
GOLD: With the commodity closing on a rejection candle the past week, we look for price correction in the new week. On the upside, resistance is seen at the 1,318.30 level where a violation will aim at the 1,331 level. Above here if seen will trigger further gains towards the 1,359.00 level followed by the […]
Overview: Since our last analysis, gold has been trading downwards, as we expected, the price tested and rejected from the level of 1,268.35 on high volume (almost met our down station at 1,262.00). If we take a look at 4H timeframe, we can observe that support level at the price of 1,277.00 held successfully and […]
April 25, 2014 – Commodities News Hot Asset For Today: Gold Gold has rebounded a bit today after falling for the past few days due to a combination of bad Chinese data, Good American data, and minimal geopolitical tension. However, this changed today when the Ukrainian army killed five separatists. Russian President Vladimir Putin warned […]
Overview As it is seen in today’s H4 chart, the metal is stabilizing above the Support level of 19.20 after its failure to break the Support level of 18.90 yesterday. Currently, we should wait for the retesting of the Support level again and closing below it to get the bearish move opportunity. In that case […]
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Gold price made a fake break down yesterday and reversed higher above $1,290 breaking the downward sloping short-term trend channel. Gold price touched the lower boundaries of the downward sloping channel breaking $1,275 and reversed above the channel. Breaking below $1,275 has increased chances that wave 2 was completed at $1,331 but the reversal above […]
Technical outlook and chart setups: 1. Silver prints lows just below the $19.00 levels and pulls back sharply as seen here. The metal has also produced an engulfing bullish candlestick signal, indicating a bullish reversal ahead. Recommendations are to still buy on dips, risk remains at $18.40. 2. Support is at $18.75, followed by $18.00 […]
Technical outlook and chart setups: 1. Gold has broken down to fresh lows at $1,270.00 but the recovery is even faster. A 4H chart view is presented here to look into immediate wave structure. The metal has produced an engulfing bullish candlestick signal indicating that the next leg could be higher. Recommendations are still to […]
Gold bounced back from a 10-week low in New York as dispute between Ukraine and Russia mounted, triggering demand for haven assets. President Vladimir Putin warned Ukraine versus extending its anti-separatist offensive after government troops killed five rebels and triggered Russia’s military to start new drills. The metal achieved a six-month high in March after […]
Overview: Since our last analysis, gold has been trading downwards, as we expected, the price tested the level of 1,269.85 on high volume. If we take a look at 4H timeframe, we can observe that support level at the price of 1,277.00 got broken. We can also observe weak demand in the background, which caused […]
Technical outlook and chart setups: 1. Silver is trading in the sell zone of support line but $19.00 levels remain intact. The metal is consolidating in a decreasing cone format and hence a break below $19.20 would be extremely bearish and would threaten the potential uptrend setup as well. 2. Support is at $19.00, followed […]
Technical outlook and chart setups: 1. Gold is in its 4th straight session trading within the $1,277.00/85.00 region. Indecisive candles are being produced at the moment leaving room for either directional trades. Looking into the overall setup, bulls are favored to remain in control till prices stay above $1,277.00 levels for now. 2. Support is […]
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Gold price is holding above short-term support at $1,275 but does not make any upward break out. Gold price remains inside the short-term downward sloping trend channel and it cannot break above the channel resistance at $1,290. If price remains inside the channel, it will accelerate downwards when support at $1,275 fails. The trend remains […]
April 24, 2014 – Commodities News Hot Asset For Today: Gold Price of Gold has remained low, however without any significant movement. The price ranged between $1,280/ounce and $1,288/ounce. Today the price might be under pressure as the U.S. data (Core Durable Goods) is coming out. The lower price might be supported by physical demand […]
Gold surged on Wednesday, coming from its 2-1/2 month low it touched in the last session, as a milder tone to equities and the dollar backed arrest its glide although it stayed vulnerable to additional losses as investor demand stayed loose. The metal reached its lowest since mid-February on Tuesday following the US housing figures outmatched expectations, amplifying […]
An improving U.S. economy is not a good thing for gold prices, as it usually generates more confidence in the stock market. As a result, there is less demand for the safe haven gold offers as an investment, which drives down prices. Investors who trade gold should be paying close attention to U.S. economic indicators, […]
Economists have been disappointed by a string of weaker-than-expected home sales reports. Sales of existing homes dropped in March. Sales of new homes reported Wednesday were down 13.3% from a year earlier to their lowest level since last July. Technical view- The metal is under pressure after the dollar strengthened. The metal is in a […]
Gold clinched an increase from a 10-week low as mounting tension in Ukraine and U.S. economic data that missed projections triggered demand. Assets in the biggest gold-aided exchange-traded product were at the weakest in 12 weeks. Bullion for immediate delivery was at $1,283.68 an ounce at 8:57 a.m. in Singapore from $1,283.91 yesterday, based from […]
GOLD: Although biased to the downside, its ability to hold above the 1,277.58 level is suggestive of an impending recovery. Support lies at the 1,277.58 level. A turn below here will shift focus to the 1,250.00 level followed by the 1,230.00 level. Its weekly RSI is bearish and pointing lower supporting this view. On the […]
Overview As shown in the today’s H4 chart, the metal is stabilizing above the support level of 19.20 after its failure to break the support level last week. Currently, we must wait for re-testing the support level again and closing below to get the bearish move opportunity. In that case we will get a good […]
Overview: Since our last analysis, gold has been trading downwards, as we expected, the price tested the level of 1,277.35 on high volume. If we take a look at 4H timeframe, we can observe rejection from our Fibonacci retracement 38.2% (1,391.00), and that caused the price to start a downward movement. We can also observe […]
