Overview In the today’s H4 chart, yesterday the metal failed to break the Support level of 19.20 to bounce again from it and trade between the Support level of 19.50 and the Resistance level of 19.75. Currently, the metal is re-testing the Resistance level of 19.75 again, therefore we should wait for closing above to […]
Overview: Since our last analysis, gold has been trading downwards, the price tested the level of 1,285.87 on ultra high volume (selling climax). According to the daily chart (Tuesday bar), we can observe strong supply on ultra high volume, which caused price to start moving downwards. According to the short-term prospective, Gold is in progress […]
Technical outlook and chart setups: 1. Gold pulls back sharply from $1,330.00 levels as expected and towards $1,290.00/$1,300.00 levels as seen here. The bullish bounce indicates that long positions can be taken at current levels ($1301.00/03.00), risk remains at $1,277.00. Bulls shall remain in control till prices remain above $1,277.00. 2. Support is seen at […]
Technical outlook and chart setups: 1. Silver broke the trend line support yesterday and fell to $19.20 levels before bouncing back. The metal still remains in control of bulls till prices stay above $19.00 levels. Recommendations are to remain long/buy fresh, risk remains at $19.00. Please note that the metal has bounced off the fibonacci […]
Yesterday we saw a strong decline in Gold price as I had forecasted since the upward sloping channel was broken and support at $1,315 failed. Gold price reached our target and moved even lower towards the 76% Fibonacci retracement where it bounced upwards. Gold price reached just below $1,285 and strongly reversed higher towards $1,300 […]
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April 16, 2014 – Commodities News The price of Gold drastically drop from Monday’s highs -$1,331/ounce – to yesterday’s lows $1,284/ounce. The selloff of Gold started before the tension in Ukraine calmed down means that traders already speculating about good U.S. data and positive future outlook. The physical demand has remained low which also underlying […]
Gold prices have been up and down in recent months, with multiple international incidents impacting the supply and demand for the save haven. Investors who trade gold should be keeping a close eye on Ukraine and China to try and see how the precious metal will move in the coming weeks. Gold recently declined around […]
Gold plummeted 2 percent, the most in 16 weeks, on speculation that an increase in U.S. consumer financial values will give the Federal Reserve more leeway to tri down financial stimulus. Palladium decline for the first time in six sessions. The consumer price index rallied 0.2 percent, government data revealed today, surpassing the 0.1 percent […]
Canadian stocks increased for a second day after a report that BHP Billiton Ltd. may make another bid for Potash Corp. of Saskatchewan Inc., while gold producers slide down on lower metal financial values. Potash Corp. rose 3.3 percent after the Globe and Mail said that while no transaction is under way, BHP is likely […]
Gold tumbled after the US inflation data had beaten estimates and the Federal Reserve said it would continue its plans to taper monthly monetary stimulus. This action tends to drive up interest rates, making the U.S. Dollar a more favorable investment. On the other hand, the geopolitical issues like Ukraine tensions make traders look at […]
Overview: Since our last analysis, gold has been trading downwards, the price tested the level of 1,301.13 on ultra high volume (selling climax). According to the daily chart (Monday bar), we can observe weak demand on volume just above the average, which caused price to start moving downwards. According to the short-term prospective, Gold is […]
Gold prices were seen trading lower, slipping from a three-month high on Tuesday, while traders focus on the ongoing situation in Ukraine. Gold for immediate delivery edged 0.54% lower to $1,320.30 an ounce at the time of writing, while silver futures slipped 0.65% lower to $19.88 an ounce at the same time. The yellow metal […]
Technical outlook and chart setups: 1. Gold is pulling back for now after intraday highs at $1,330.00 levels. As seen here support comes in at $1,300.00/10.00 levels for now. Recommendations are to go long there, for an extended rally towards $1,350.00/60.00 at least. 2. Support is at $1,277.00 (intermediary), followed by $1,230.00/40.00, $1,210.00 and lower […]
Technical outlook and chart setups: 1. Silver is seen to be testing the trend line support again around $19.70/80 levels. The metal is likely to bounce back from here looking into smaller timeframes. Till the time $19.00 levels remains intact, the bulls should remain in control. Recommendations are to remain long for now, risk is […]
Gold pulled back from a three-week high, a year after the largest two-day retreat in three decades, as investors evaluated a progressing U.S. economy and the situation in Ukraine. Bullion for immediate delivery sagged down 0.4 percent to $1,322.32 an ounce by 9:53 a.m. in Singapore after touching $1,331.20 yesterday, the topmost since March 24, […]
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Gold price has pulled back down breaking short-term support and the upward sloping trend channel. Gold price is trading now at $1,314 and as we predicted yesterday a short-term top is placed above $1,325 and this is most probably wave A. We also gave a target for the pull back yesterday and it seems we […]
April 15, 2014 – Commodities News Hot Asset For Today: Gold Price of Gold rose yesterday as the political crisis in Ukraine increased. U.S. government is preparing to add another sanctions against Russia which underpinning the escalating situation. However, we can see that during Tuesday’s Asian session the price started to drop and the bearish […]
Today traders eye Yellen’s speech. Federal Reserve Chair Janet Yellen may clarify the US central bank’s view on starting interest rate hikes. On Tuesday, Fed Chair Janet Yellen is expected to hold a video conference in Atlanta. Dr. Yellen is scheduled to present her opening remarks by video conference to the Financial Markets Conference in […]
Overview As shown in the today’s 4H chart, the metal is stabilizing above the Support level of 19.75 after its failure to break the Support level last week. Currently, we must wait for re-testing of the Support level again and closing below to get the bearish move opportunity. In that case we will get a […]
Hi eTorians, Is war the most destructive and horrific type of human interaction? Of course. But if it’s so unspeakably awful, why do we allow it to happen? The answer is simple: because the powers that be see it as necessary to further their own interests. The Ukrainian crisis continues to make headlines, but tomorrow some other […]
Overview: Since our last analysis, gold has been trading upwards, the price tested the level of 1,329.65 on average volume. According to the daily chart, we can observe weak supply bar on volume just below the average, which is a sign that we may see more upward movements before any larger supply. Our Fibonacci retracement […]
Gold price has held on Friday its support at $1,315 and continued to rise inside the upward sloping channel towards our short-term target of $1,327. Gold price has broken above the important 38% Fibonacci retracement resistance level and if it holds above $1,315, then we should expect to see an upward move towards $1,340-50 this […]
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April 14, 2014 – Commodities News Hot Asset For Today: Gold Gold peaked almost at a monthly high as the political tension in Ukraine rose. Investors are grabbing an opportunity to buy a safe-haven asset and have pulled the price up. The United States are prepared to increase their sanctions against Russia if needed which […]
April 14, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold peaked to almost month high as the political tension in Ukraine rose. Investors in those situation grabbing an opportunity to buy a safe-haven currency and pulling the price up. United states are prepared to increase their sanction against Russia if […]
Oil skyrocketed with gold, palladium exchanged at the topmost mark since 2011 and eastern European currencies declined as the United Nations Security Council met to talk about the worsening violence in Ukraine. The euro pulled back as the European Central Bank president foreshadowed more stimulus. Gold advanced as high as $1,328.74 an ounce and crude […]
Gold advanced to the topmost performing mark in three weeks as tension arises in Ukraine, increasing demand for a haven. Palladium bolstered for a fifth day to the peak financial value in 32 months as platinum and silver hiked. Bullion for immediate delivery increased as much as 0.8 percent to $1,328.88 an ounce, the peak […]
Technical outlook and chart setups: 1. Gold is pushing higher as expected towards the $1,330.00 levels for now. Minimum expectations for this rally is $1,350.00 levels as seen here, which is convergence of fibonacci and trend line resistance. The metal remains buy on dips till prices remain above the $1,277.00 levels. Recommendations are to buy […]
