Overview: Since our last analysis, gold has been trading downwards, as we expected, the price tested the level of 1,277.52 on average volume. Our previous analysis is still active and we got good progress. According to the daily chart, we can observe supply bar on volume just below the average. There is an also broken […]
April 1, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold has continued its decline and during the Asian session touched below $1,280/ounce value. The price is now suffering due to lower tension in Ukraine as well due to weak physical demand. Gold as a safe-haven asset has been currently selling […]
Gold price is pushing lower in an impulsive pattern. The trend remains downward. Gold price continues to make lower lows and lower highs. The new low made yesterday may have been the end of wave 3, and we could see a small bounce upwards for wave 4. As we mentioned before, Gold price is now […]
Early Lift On Steady Chinese Factory Data Morning Report: 08:30 London • This morning, markets are positive across the board, albeit with small interest so far. Chinese factory helped to steady investor’s nerves about the state of the emerging powerhouse, while the turn of the month effect is kicking in for the bulls. […]
Tensions have been high between Russia and the U.S. ever since President Vladimir Putin made his first move on the Crimea region in Ukraine. This situation has had an impact on numerous markets, including crude oil. With the potential for significant sanctions placed on Russia, oil prices have been volatile, as these could cut much […]
Gold prices may recieve support from the Asian physical demand, but ultimately we would expect the rising costs of production to provide a floor under which gold prices will stop falling. As these rising costs of production catches up with the price of gold, so prices will form a base and eventually begin moving higher […]
Technical outlook and chart setups: 1. Gold has tested lows just below the $1,280.00 mark today, before pulling back. The 8H chart view is producing a doji candle stick pattern, which still indicates a possible reversal on cards. It is hereby recommended to initiate 50% long positions at current price ($1,285.30) and remaining 50% around […]
Technical outlook and chart setups: 1. The 8H chart view for Silver indicates that there is no change in the structure of price range for now. At this moment of writing, Silver trades at $19.70/72 levels; and is expected to stage rally. Also please note that the trend line support remains intact for now. 2. […]
CRUDE OIL: Although Crude Oil remains biased to the upside in the short term, it now faces the risk of a pullback. This view is consistent with its rejection candle printed (daily chart) the past week. Though trading almost flat during Monday trading session, that pullback looks to have been triggered. Support lies at the […]
Overview: Since our last analysis, gold has been trading downwards, as we expected, the price tested the level of 1,285.46 on average volume. Our previous analysis is still active and we got good progress. According to the daily chart, we can observe no demand bar on volume below the average, which is a good sign […]
Technical outlook and chart setups: 1. Silver is ready to resume rally any moment now. Currently trading just below $20.00 levels, Silver is expected to move towards $23.00 and $25.00 levels. It is recommended to remain long for now, and also add further at current levels. 2. Immediate resistance is at $21.70/$22.30 levels, followed by […]
Technical Outlook and chart setups: 1. Gold is seen to be forming bottom around $1,285.00/90.00 levels at the moment. A counter trend rally need to materialize towards $1,350.00 levels atleast. Please note that the trend line resistance is also around the same region. It is recommended to initiate short positions around $1,350.00 levels, risk remains […]
Gold futures are gearing towards its first monthly loss this year as clues of a US recovery supported the case for the Federal Reserve to push through with cutting stimulus. Palladium was slated to ascend for a second month. Bullion to be delivered immediately settled at $1,297.30 an ounce at 8:53 a.m. in Singapore, based on Bloomberg generic […]
Yen Leads Slow Monday Trading Morning Report: 08:30 London • As we enter the final trading day of the quarter, markets are subdued though the S&P 500 futures are pointing to a positive start to the day. Asian markets put in a good performance despite Japanese industrial production coming in below expectations. […]
Gold prce has made an impulsive decline from $1,391 to $1,285. This impulsive decline together with the fact that the upward breakout was fake, makes me believe that Gold price will have more downside pressure if the price remains below $1,400. I believe that over the next few months, we will see Gold price making […]
March 31, 2014 – Commodities News Hot Asset For Today: Gold Following two straight weekly losses, this week began with bearish movement moving around $1,293.4/ounce with support level at $1,285 and resistance at $1,300 . At the moment, the main drivers of the asset are physical demand in Asia and the growing optimism regarding the […]
On the fundamental side, the FOMC continues reducing the bond buying program that keeps high pressure on gold prices, while economic data is showing little improvement. If the Federal Funds Rate increase is likely to occur in spring 2015. The Interest rate is the driver factor for gold in the short term. Now gold is […]
GOLD: Outlook for GOLD continues to point lower closing lower for a second week in a row the past week. Having broken the 1,300.00 level, the risk is for more decline to occur towards the 1,280.00 level followed by the 1,250.00 level. Further down, support comes in at the 1,200.00 level. Its weekly RSI bearish […]
Overview: Since our last analysis, Gold has been trading downwards, as we expected, the price tested the level of 1,288.90 on average volume. Our previous analysis is still active and we got good progress. According to the daily chart, we can observe supply bar on on average volume, which is a good sign for the […]
Oil prices extended gains on Friday as supplies in Cushing, Oklahoma declined and the tensions in the Ukraine remains in the spotlight. The Northern American West Texas Intermediate (WTI) crude climbed 0.28% at $101.57 a barrel on the New York Mercantile Exchange at the time of writing. While futures for Brent crude, added 0.03% to […]
Today’s Support and Resistance levels: R3: 1.5935 R2: 1.5908 R1: 1.5864 Current spot: 1.5813 S1: 1.5770 S2: 1.5694 S3: 1.5617 Technical summary: The strong acceleration lower we have seen over the last couple of days clearly indicates that we are in a wave three lower. As can be seen on the chart we are acturally […]
Overview In the today’s H4 chart, silver has stabilized above the Support level of 19.50 and could not break it and currently it is bouncing towards the Resistance level of 19.85 to test it. So we still suggest waiting for closing above the Resistance level to give us a new opportunity for more buy signals […]
Asia Leads Despite Subdued US Morning Report: 08:30 London • Commodities and commodity related currencies are lead markets higher this morning despite a subdued wall street over night. […]
March 28, 2014 – Commodities News Hot Asset For Today: Oil Yesterday, after breaking through the $1,300 support line, Gold reached a low of $1,288 – a new one month low. Investors thought that a move below the support line will generate increased demand. However, the dollar held strong providing additional confirmation towards the continuity […]
March 28, 2014 – Commodities News Hot Asset For Today: Oil Yesterday, after breaking through the $1,300 support line, Gold has reached as low as $1,288 – a new one month low. Investors thought that a move below the support line will generate increased demand. However, the dollar held strong providing additional confirmation towards the […]
Gold has been on an up and down trend in recent weeks, as tensions in Ukraine are pushing people toward the precious metal, while other factors are leading investors to other markets. The latest news on U.S. interest rates led gold to fall the most in 13 weeks, as investors don’t want to purchase this […]
Technical outlook and trade setups: 1. Silver is seen to be producing a morning star buy signal just ahead of the rising trend line support at $19.50 for now. This is indicative of a possible bullish reversal for the metal. It is recommended to remain long and also add fresh long positions at current price […]
Technical outlook and chart setups: 1. Gold might be ready to resume its counter trend t=rally towards $1,350.00 region that we have been expecting since several days now. Short term charts are pointing towards going long (more risky though) with risk at $1,280.00. A more conservative approach would be to stay aside for now and […]
CRUDE OIL: With Crude Oil strengthening and breaking through the 100.15/25 levels, scope is now created for more upside in the days ahead. As long as the mentioned support zone holds, further bullish offensive is likely. Resistance resides at the 102.89 level where a break will aim at the 103.54 level. Further out, resistance resides […]
Overview: Since our last analysis, Gold has been trading downwards, as we expected, the price tested the level of 1,291.38 on volume above the average. According to the daily chart, we can observe supply demand bar on volume above the average, which is a good sign for the further downward movement. Gold is in progress […]
