Traders Wait On Fed and Russia Morning Report: 08:45 London • This morning, financial markets have a slight positive edge as is often the case on the morning of a Fed day. At the very least, the market’s resilience in the face of the Crimea situation is impressive even as the first shots were fired […]
Gold futures traded almost one-week low as investors anticipate the conclusion of the US Federal Reserve’s two-day policy meeting and evaluated the tension in Ukraine. Platinum surged up for the first time in four days. Bullion to be delivered immediately settled at $1,356.62 per ounce at 12:30 p.m. in Singapore, previously $1,355.73, when prices dropped $1,350.88, the lowest […]
Gold futures decline the most in two weeks as some indications of easing tensions in Ukraine bring down demand for the precious metal as a haven amid an equity hike. Russian President Vladimir Putin stated that he isn’t planning to split up Ukraine. Concern that a dispute over Crimea would further surged gold yesterday to […]
March 18, 2014 – Commodities News Gold has been hemorrhaging value today after Russian President Vladamir Putin stated he had no intention of further breaking apart the Ukraine. Investors took this to be an indication that the situation in the Ukraine is calming, and thus gold is no longer needed as a hedge against risk. […]
Overview:Since our last analysis, the gold has been trading downwards, the price tested the level of 1,350.56 on volume above the average. According to the daily chart, we can observe that strong supply entered the market on very high volume (selling climax). We can also observe the testing of our Fibonacci retracement 61.8% at the […]
Gold Tumbles On Russian Declaration Morning Report: 08:45 London • This morning, as Russia recognises Crimea’s independence, financial markets are pulling back from yesterday’s relief rally. The referendum passed without incident and while the long term situation is still unclear, markets seem to only be concerned about the prospect of military action – something that […]
Yesterday, we mentioned a short-term sell signal that would be given if Gold price falls below $1,378. Our first target was $1,368 and our second target was the 50% retracement at $1,360. All our targets were achieved. Short-term trend remains down. Short-term upward sloping trend line was broken. We are now in a corrective phase. […]
Gold prices plunged in electronic trade on Tuesday as it pulled back in a possible volatile stretch before US Federal Reserve meeting. Gold to be delivered in April surged lower by $11.50 or 0.8%, to $1,361.40 per ounce. May silver slipped 17 cents or 0.8%, to $21.10 per ounce. A day before, gold shifted its five-session winning run […]
Gold continues to drop from the best performing mark in more than six months as U.S. economic data topped projections, supporting the case for trimmed stimulus before the Federal Reserve starts a two-day assembly today. Bullion for immediate delivery downgraded as much as 0.7 percent to $1,357.13 an ounce and exchanged at $1,360.62 by 3:33 […]
Technical outlook and chart setups: 1. Silver forms an intermediary top at $21.70/80 for now. A break below $20.60/70 level is required to push it further low towards $20.00/50. Recommendations are to remain flat for now and look to buy lower. 2. Immediate resistance is at $23.00, followed by $23.50, while supports are spread through […]
Technical outlook and chart setups: 1. Gold finally produces an engulfing bearish reversal candle on the daily chart, remaining shy of $1,395.00 resistance. If this holds, the metal should be falling lower atleast towards $1,310.00. Short positions can be initiated around $1,380.00, risk remains at $1,390.00. 2. Immediate resistance is at $1,395.00, followed by $1,410.00, […]
Overview Based on the 4H chart above, silver is still stabilizing between the support level of 21.25 and the resistance level of 21.75 after its rebounded from the resistance level last week. If silver continues its bearish move and manages to break the support level 21.25, it will produce a strong indicator for the downward […]
Overview:Since our last analysis, the gold has been trading upwards, as we expected, the price tested the level of 1,391.99 on volume above the average (almost tested our Fibonacci levels). According to the daily chart, we can observe demand above the average, which is a sign that there is still demand on the market and […]
Gold prices kicked off the start of the week trading higher on Monday, trading close to a six-month high after the referendum on Sunday which showed that Crimea’s voters decided to split from Ukraine and become part of the Russian Federation, increasing the tension between the two countries and increasing the demand for the metal […]
The tensions in Ukraine regarding the vote that took place yesterday in Crimea has pushed Gold price upwards towards $1,390 which was our target mentioned in the previous analysis. However, fears of the Russian troops invasion have been eased and Gold price is pulling back after reaching $1,391. Gold price remains in an uptrend and […]
Markets Solid Despite Crimea Referendum Morning Report: 08:45 London • This morning, financial markets are putting in a good performance, with equities rallying and ‘risk-on’ FX pairs rising. The referendum in Crimea was almost a full gone conclusion and the result came in as expected. What markets were wary of what an explosive political reaction […]
Gold futures traded closer to its highest point in more than six months, following it finished the longest weekly run since August 2011, as the Crimea citizens’ vote to join Russia bolstered demand for a store in value. Bullion to be delivered immediately settled at $1,381.95 per ounce at 11:10 a.m. in Singapore, previously $1,383.05, when prices capped […]
Gold spiked up to the topmost performing mark in more than six months, lengthening the longest weekly increase since August 2011, after a referendum in Crimea to leave Ukraine and join Russia increased demand for a store of value. Bullion for immediate delivery rallied as much as 0.7 percent to $1,392.22 an ounce, the peak […]
Technical outlook and chart setups: 1. Silver rallied past the $21.70 mark taking out stops. It is recommended to remain flat for now, though the metal looks vulnerable to resume the fall. Please note that the metal has bounced off the 0.382 fibonacci support for now. 2. Immediate resistance is the $23.00 mark, followed by […]
Technical outlook and chart setups: 1. Gold continues to take out resistance levels at the moment and is just shy of the $1400.00 mark. A major retracement is still awaited to enter long. It is recommended to remain flat for now and look to buy lower around $1,250.00 levels. 2. Immediate resistance is at $1,395.00, […]
GOLD: With GOLD rallying through the 1,354.00 and the 1,361.00 levels to close higher the past week, more strength is expected. However, with a five-day strength already seen, we expect the commodity to pullback on correction or digest gains its rally. If this occurs, expect it to weaken towards the 1,367/1 levels. Further down, support […]
Overview:Since our last analysis, gold has been trading upwards, the price tested the level of 1,387.56 on high volume (buying climax on H4 timeframe). According to the daily chart, we can observe weak demand, which is sign that buying at this stage looks risky. Anyway, we may see testing the levels of 1,396.00-1,401.00 before downward […]
Technical outlook and chart setups: 1. Silver remains unchanged for now, trading at sub $21.00 levels. Yesterday was a star doji, indicating that a move lower could be in store. It is recommended to remain short for now, risk remains at $21.70/80. 2. Immediate resistance is at $23.00 while supports are spread through $20.50, followed […]
March 14, 2014 – Commodities News Hot Asset For Today: Gold For the past few days, gold has been moving upward in response to the crisis in Eastern Europe. As of yesterday, however, gold seems to be fluctuating heavily in light of better than expected US retail sales and Initial jobless claims data. A better […]
Gold prices traded higher on the last day of the trading week, climbing to its highest in six months as the tension in Ukraine escalates, while Crimea prepares to vote on March 16 on splitting from Ukraine and joining Russia. The yellow metal for immediate delivery climbed 0.5% higher to $1,376.64 an ounce, the highest […]
Technical outlook and chart setups: 1. Gold has been printing higher highs and higher lows since Dec 31, 2013. The resistance is %1,375.00 has also been taken out before prices eased off to the days’ lows. It is expected that prices shall remain subdued within the $1,370.00/72.00 range today, leaving space to initiate a meaningful […]
Gold bulls are making a pause to the upward trend. Gold price is stalling at $1,370. A short-term consolidating pattern is being built, but the trend remains up in all time frames. Bulls continue to have the upper hand. A gold price pull back towards $1,355-60 is very possible in order for the break out […]
The yen marching toward for its largest five-day surge against the dollar in seven weeks as investors sought haven assets amid persisting disputes ahead of a referendum that may lead to Crimea’s secession from Ukraine. The Bank of Japan continued its record stimulus this week, keeping ammunition amid speculation a sales-tax hike in April will […]
Markets Steady After Sell-Off Morning Report: 08:45 London • This morning, markets are steady with a positive edge after heavy selling on stock markets & certain FX pairs. •The Australian and New Zealand dollars are still showing signs of stress however, after pulling hard back from the highs on Thursday. […]
The weak dollar is pushing gold prices to a 6-month high. In the week ending March 8, the advanced figure for seasonally adjusted initial jobless claims was 315,000, a decrease of 9,000 from the previous week’s revised figure of 324,000. The 4-week moving average was 330,500, a decrease of 6,250 from the previous week’s revised […]
