Gold is still trading above the $1,190-$1,200 support but bulls also do not show enough strength signs for a move towards $1,300. As long as it trades above $1,190, the price still has some hopes of reaching a new high. However I prefer to be neutral or bearish waiting for $1,150. Black lines – triangle […]
Technical outlook and chart setups: Silver is trading at $16.17 levels for now after hitting lows at $15.89 levels yesterday. The metal bulls seem to be poised to take out $16.35 levels before producing a meaningful retracement. Structurally, the metal needs to retrace lower towards $14.60 levels at least before turning bullish again. Hence it […]
Technical outlook and chart setups: Gold is consolidating its drop from $1,262.00 levels at the moment. The metal is trading at $1,229.00 levels for now and seems to have completed its first leg down. The metal is expected to face resistance at $1,248.00 levels if intraday rallies materialize from here. Please note that fibonacci 0.618 […]
Crude futures were seen trading higher on Friday, advancing for a fifth week in a row, boosted by speculation that major producers may strike a deal sooner than expected. […] The post Oil Climbs Higher Amid Supply Speculation appeared first on | HY Markets Official blog. Related Posts:Bitcoin will thrive during supply crisis April […]
Bullion futures were seen falling for a third straight session on Thursday, dragged by the stronger US Dollar. This year, the yellow metal has rallied amid concerns over the […] The post Gold Decline for 3rd Consecutive Session appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) for April […]
Since our previous analysis, gold has been moving downwards. The price tested the level of $1,228.99 in a high volume. According to the daily time frame, I found that head and shoulders pattern (topping formation) is forming. According to the 30M time frame, I found a lack of demand near the level of $1,243.00. We […]
Pound Weakens Ahead of MPC Morning Report: 06.30 London • This morning, the British pound is on the back foot for the second day in a row ahead of today’s Bank of England MPC rate statement. No change is expected again, but as ever, it is the forward guidance which may excite traders today. […]
Gold price is moving exactly as we predicted. Price reversed lower and pushed below short-term support towards our short-term target of $1,230 as we pointed out yesterday. Gold could see a bounce today. I expect price to continue lower towards $1,190. Gold price has reached the Ichimoku cloud support on the 4 hour chart. Stochastic […]
• Today’s focus will be on the Bank of England meeting where they are expected to hold rates at current levels, and the final inflation data for EU. In the US, CPI will be released and a few FED speeches will also take place. • Stocks: There is a continuation in the positive sentiment in […]
Technical outlook and chart setups: Silver is still seen to be holding well above $16.00 levels and might be looking to push through $16.40 levels before producing a meaningful retracement. The metal rallied past $16.30 levels yesterday, slightly above expectations, and might print yet another high before pulling back. The metal is sending mixed signals […]
Technical outlook and chart setups: Gold formed a bearish evening star candlestick pattern on the daily chart yesterday and continues to print lower lows today. The metal is trading at $1,232.00/33.00 levels at the moment and is expected to hit $1,140.00 levels in the coming sessions as depicted here. Please also note that the backside […]
Overview The gold price has been trading sideways above the 1,250.00 barrier since yesterday. Stochastic gets rid of its negativity and reaches the oversold areas, offering the positive factor we expected to push the price to resume the short-term bullish trend. Therefore, there is a high chance of heading towards 1,282.92 followed by 1,300.00 levels […]
Overview The silver price has been showing slight bearish bias since morning, testing the 16.00 level. Stochastic gets rid of its negativity and gains positive momentum in the four-hour time frame, thus keeping the bullish trend scenario valid for today. The price is likely to test the 16.35 level initially. We remind that a breach […]
Stocks Report: Apple Inc. Apple rising inside impulse waves 3 and (3) Likely to rise to 111.80 and 114.00 Apple recently corrected down to the support zone lying between the […] The post HY Newsletter – Brent Crude Oil Broke Resistance Zone appeared first on | HY Markets Official blog. Related Posts:Technical Analysis – USDJPY […]
Technical outlook and chart setups: Silver is pulling back after hitting fresh highs at $16.20 levels yesterday. The metal is seen to be trading at $16.00 levels at this moment, and looking to drop lower towards at least $15.40 levels and subsequently towards $14.60 levels respectively. Please note that the metal has remained shy by […]
Technical outlook and chart setups: Gold resumed its retreat lower after hitting highs at $1,262.00/63.00 levels yesterday. The metal is trading at day’s lows at $1,243.00/44.00 levels and is expected to continue lower from here. Please note that the metal reversed from its Fibonacci 0.618 resistance levels to drop between $1,283.00 and $1,207.00 levels respectively. […]
Since our previous analysis, gold has been moving downwards. The price tested the level of $1,241.26 in a high volume. According to the daily time frame, I found that head and shoulders pattern (toping formation) is forming. I found lack of demand near the level of $1,261.00, and that caused sellers to step in and […]
Gold price reversed yesterday after reaching the important resistance of $1,260. I warned Gold bulls that this is not good to be long now. There were many warnings for bulls and today we see the results. Blue lines – bullish channel (broken) Gold price broke out of the bullish channel. Price was rejected at the […]
UK Inflation Flashes Higher Morning Report: 06.30 London • This morning, the US dollar is steady after minor gains yesterday, while the Japanese yen is extending its reversal off the lows. • Oil prices are […]
Overview The silver price shows clear upside moves starting to test the 16.00 barrier and reinforcing expectations for the bullish trend continuation in the upcoming period. The way is open for testing the 16.35 level that represents the recorded top at the end of the last year. Therefore, the bullish trend scenario will remain valid […]
Overview The gold price trades positively now, resuming the bullish track. It is likely to test the previously recorded top at 1,282.92 as the next main station as a break of it represents the key for a rise in gold price to as high as 1,300.00. Stochastic continues attempts to get rid of its negative […]
Since our previous analysis, gold has been moving upwards. As I expected, the price tested the level of $1,262.45 in a high volume. The yesterday’s analysis is still valid. I found a broken downward channel according to the H4 time frame, which is a sign that selling gold at this stage looks risky. Watch for […]
Yen Reversal, but Dollar Struggles Morning Report: 06.30 London • This morning the US Dollar is on the back foot again, despite a reversal for the Yen and USD/JPY. For the first in many session, the Yen pairs are on the rise. […]
Gold made a new higher high yesterday towards the resistance of the 61.8% Fibonacci retracement and is now trading around this important level. Bulls need to see a continued support of the higher highs and higher lows pattern for new highs near the $1,300-$1,320 area to be seen. On the 4-hour chart, the stochastic oscillator […]
Several FED members are expected to speak this week, while UK inflation figures for March are due later today. Stocks: US stocks ended slightly lower yesterday as sentiment turned negative half an hour before the closing bell. DJIA and S&P 500 indices lost -0.12% and -0.27% respectively. The US earnings season was officially kicked off with […]
Technical outlook and chart setups: Silver rallied through $16.00 levels yesterday before hitting fibonacci 0.786 resistance of the drop from $16.13 through $14.80 levels, and pulling back. The metal is trading at $15.80/85 levels for now and should be looking to drift lower till prices stay below $16.13 levels from here on. Please note that […]
Technical outlook and chart setups: Gold rallied and hit resistance at $1,257.00/58.00 levels yesterday before pulling back lower. The metal is trading at $1,253.00 at the moment, and is expected to drift lower at least towards $1,190.00 levels. Please note that the metal is expected to retrace the entire rally from $1,046.00 through $1,283.50 levels […]
Since our previous analysis, gold has been moving upwards. The price tested the level of $1,252.30 in a high volume. I found a broken downward channel according to the H4 time frame, which is a sign that selling gold at this stage looks risky. Watch for potential buying opportunities on dips. The take profit level […]
Dollar Dips as Yen Extends Advance Morning Report: 06.30 London • This morning, markets are starting with a continuation of last week’s Dollar softness alongside extended Yen strength. The US Dollar index has slipped lower while the USD/JPY has pushed lower again after an initial gap higher. […]
Gold has broken upwards above the short-term bearish channel and above the short-term resistance at $1,145-50 giving a bullish signal. However, bulls need to be very cautious despite the small chances of making a new higher high towards $1,300. Overbought oscillators give a warning. Blue lines – bearish channel (broken) Red line – critical support […]
