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 […]
Technical outlook and chart setups: 1. Silver remains structurally unchanged at the moment. The metal is trading above $20.00 levels after having tested lows and bouncing off the trend line support last week around $19.60 levels. It is recommended to remain long for now, risk remains at $19.00/25. Immediate upside target seems to be $21.70 […]
The geopolitical tensions made the yellow metal to fly a bit higher. The UN Security Council is holding an emergency meeting at Russia’s request amid growing violence in eastern Ukraine. A United Nations Security Council diplomat said that the council would meet today in New York at Russia’s request. Another diplomat said negotiations were under […]
GOLD: Outlook for GOLD continues to point higher but that upside is limited as long as it holds below the 1,324/7 levels. However, if it follows through higher, resistance resides at the 1,334.65 level. A violation of here will aim at the 1,359.00 level followed by the 1,380.00 level. Further out, resistance comes in at […]
April 11, 2014 – Commodities News Hot Asset For Today: Gold Gold increased yesterday to $1,324/ounce but reversed after the U.S. Jobless Claims data showed a lower number of individuals filed for unemployment insurance for the first time during the past week. That slightly faded the negative outlook for U.S. economy. With the higher price, […]
After increasing to a five-week high, oil prices slipped following a report that showed weak trade data from China. The relationship between the Chinese economy and oil prices is one investors who participate in crude oil trade should pay close attention to, as the Asian nation surpassed the U.S. as the world’s biggest energy consumer […]
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April 11, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold increased yesterday to $1,324/ounce but reverse after the U.S. Jobless Claims data showed less number of individuals who filed for unemployment insurance for the first time during the past week. That slightly fade off the negative outlook of U.S. economy. […]
Technical outlook and chart setups: 1. Silver looks to be retracing its rally from $19.60 to $20.40. At the moment the metal is forming base at the fibonacci 0.618 support at $19.95 levels. It is expected to resume rally towards $20.80 and $21.70 from here on. 2. Intermediary support is at $19.45, followed by $19.00, […]
Overview: Since our last analysis, gold has been trading sideways, around the price of 1,316.00, we are still waiting for a larger movement. Our previous analysis is still active and we’ve got good progress. According to the daily chart, we can observe demand bar on volume above the average, which is a sign that selling […]
Technical outlook and chart setups: 1. Gold is stalling at $1,320.00 levels at the moment, which is the fibonacci 0.382 resistance of the recent fall from $1,388.00 levels. It is possible that the metal could drop to $1,290.00/$1,300.00 levels before resuming rally. The upside extensions remain at $1,350.00 for now. 2. Intermediary support is at […]
