Overview The gold price has opened the today trading with clear negativity, testing the intraday bullish trend line that appears in the image and approaching from the critical support at 1,227.40. The support represents 23.6% Fibonacci correction level for the upside track measured from 1,047.60 to 1,282.90. As we mentioned in our previous reports, holding […]
Overview The silver price broke the 15.70 level and closed the last four-hour candlestick below it. It had a negative impact on the double-top pattern that appears in the image and opened the way to further decline on the intraday basis. Therefore, we expect the bearish bias temporarily for the rest of the day. The […]
Stocks Report: Intel Corporation Intel broke multiple resistance levels Likely to rise to 34.00 Intel has been rising sharply in the last few trading sessions inside the 3rd minor impulse […] The post HY Newsletter – Intel broke multiple resistance levels appeared first on | HY Markets Official blog. Source: HY Markets News Related Posts:November […]
View : Since our last analysis, gold has been trading downwards. As I expected, the price tested the level of $1,231.08. Our head and shoulders formation is still active and so far it is progressing. According to the 4H time frame, we can observe strong selling pressure in a high volume. Supply entered the market […]
Gold was the biggest mover overnight. Yellow metal jumped to $1259 following the Brussels attack, but it retraced to $1231 overnight as the USD strength and rising stock markets caused investors to sell it off. Trading Central Preference: short positions below 1249.00 with targets @ 1225.00 & 1220.00 in extension. GBPUSD was also dumped yesterday […]
Despite an early breakout above the short-term resistance in Gold price, sellers pushed prices below support canceling the bullish scenario for a new high towards $1,300. As we said in our previous analysis, a rise from $1,045 can be completed. So we must focus on the bigger picture. Blue lines – sideways channel Gold has […]
Technical outlook and chart setups: Silver hit $15.95/16.00 levels yesterday and reversed lower as expected. The metal is trading at $15.75 levels at the moment, looking to drop lower towards $15.40 and further as depicted here. The metal seems to have carved out an intermediary top at $16.13 levels and should remain in control of […]
Technical outlook and chart setups: Gold has dropped lower after hitting resistance at $1,260.00 levels yesterday, a tad bit higher than expected but the direction has been lower since then. The metal is seen to be trading at $1,235.00/36.00 levels for now, looking to drop below $1,220.00 levels going forward. Please note that the metal […]
Overview According to the shown H4 chart, the gold price is likely to visit the 1,300.00 barrier as the next main station. A break of the 1,227.40 level will put the price under bearish correctional pressure again and make it head towards 1,193.00, which represents 38.2% Fibonacci for the upside track measured from 1,047.60 to […]
Overview The 15.70 level continues forming a good support base for the silver price, keeping the positive scenario valid and active on the intraday and short-term basis. The price is likely to resume the bullish wave that targets 16.35 then 16.65 levels mainly. Further positive expectations depend on steady trading above 15.70 and, most important, […]
View : Since our last analysis, gold has been trading upwards. The price tested the level of $1,259.94 . Our head and shoulders formation is still active. I found successful rejection from the neckline, which is a good sign for further downward movement. According to the 4H time frame, I found that weakness appeared. According […]
Markets Turn Positive Morning Report: 06.30 London • In a sign of market’s increasing stability over the last week or so, the benchmark US stock market the S&P 500 turned positive for 2016 on Friday and held those gains yesterday. On forex markets, this is translating into a weaker US Dollar and this is what […]
Gold price has broken above the short-term bearish channel. Price remains in a sideways channel and could now be starting the final move higher towards $1,300. Blue lines – bullish channel Red lines – bearish short-term channel Stochastic oscillator is oversold and it is turning higher at the 4 hour chart. Price is reversing above […]
US authorities are investigating if Goldman Sachs Group Inc. deceived bondholders when it sold securities from 1Malaysia Development Bhd., a Malaysian government-controlled company embroiled in a corruption scandal. An individual familiar with the matter disclosed investigators are attempting to find out if Goldman employees have reason to believe a portion of the sales was not […]
Technical outlook and chart setups: Silver is seen to be trading around the same range since yesterday, $15.70/80 levels for now. The metal might have formed an interim high at $16.13 levels it seems and should be looking to push lower from here. Please note that fibonacci 0.618 resistance, of the drop between $16.13 through […]
Technical outlook and chart setups: Gold remains steady since yesterday, trading in a very tight range between $1,242.00 and $1,247.00 levels as depicted on the hourly chart. It is probably looking to unfold a flat (wave 4), before dropping lower towards $1,220.00/25.00 levels. The metal may rally towards $1,250.00 levels from here, and then reverse […]
Euro Gaps Higher Morning Report: 06.30 London • This morning, markets are still finding their feet as we start the new week. The general early theme is of Dollar resilience and Euro stability. The Dollar index is nudging higher after a week of heavy selling last week. […]
Unfazed by the US dollar’s recent slide, Goldman Sachs Group Inc. stood pat on its dollar bullish stance. Goldman analysts headed by Robin Brooks said the underlying case for the divergence trade is firmer, granted a dovish Federal Reserve will fuel US outperformance versus the eurozone and Japan. Since February 29, An index trailing the […]
View : Since our last analysis, gold has been trading downwards. The price tested the level of $1,253.45. Strong resistance level is set at the price of $1,282.80. According to the M15 time frame, I found a confirmed head and shoulders formation (bearish formation). We got a successful breakout of the neckline in a high […]
Stocks Report: Apple Inc. Apple reached resistance level 105.00 Likely to rise to 110.00 Apple recently broke through the resistance zone lying between the resistance level 105.00 (previous upward target set in our earlier forecast for this company) and the 38.2% Fibonacci correction of the sharp downward impulse wave Ⓐ from the start of November, […]
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. Prices for the North American West Texas Intermediate (WTI) crude traded 1.51% higher to $42.29 per barrel on the New York Mercantile Exchange at the […]
Dollar Pressure Mounts Morning Report: 06.30 London • This morning, the Dollar pressure has continued, adding to the sizeable post-Fed losses seen this week. While the Dollar has suffered, oil prices have risen to their highest in many months – nudging firmly above the $40 marker. […]
Gold price is consolidating near its highs but below a short-term resistance. One more new high is possible towards $1,300, but I expect the next big move to be a decline towards $1,200-$1,150. Gold price is between the 61.8% and 78.6% Fibonacci retracement levels. Price is above the Kumo (cloud). The short-term support is at […]
Overview The gold price shows a stronger rise approaching from the recently recorded top at 1,282.90. The price is likely to breach this level to extend the bullish wave to reach 1,300.00 as the next main station. Therefore, we believe that the bullish trend could continue on the short term-basis and that targets begin with […]
Overview The silver price is testing the key resistance level of 15.70 and continuing trading inside the bullish channel that appears on chart. The price needs to breach this level to reinforce expectations for a rise on the short-term basis. In general, we still expect the bullish trend as long as the price is above […]
View : Since our last analysis, gold has been trading upwards. The price tested the level of $1,270.71 in an ultra high volume. I found re-validation of our upward channel. Strong resistance level is set at the price of $1,282.80. Watch for a potential breakout of resistance to confirm further upward continuation. If the price […]
Gold price bounced strongly upwards to our target of $1,245-50 and then, broke even higher after the FOMC meeting last night. Price has reached the 61.8% Fibonacci retracement of a decline from the recent high at $1,283. Bulls need to be very cautious as a bearish reversal is likely to happen. Gold price bounced strongly […]
UK Budget Blues Morning Report: 06.30 London • This morning, the Dollar index is on the back foot, furthering yesterday’s gains after the US federal reserve signalled a slowing of the rate cut cycle. • The Yen has capitalised on the move, driving the USD/JPY […]
Technical outlook and chart setups: Silver pulled back towards $15.60/65 levels yesterday before reversing lower. The metal has held resistance at $15.80/90 levels as expected and should be looking to drop lower into $14.50 levels at least, before resuming the rally. There is a slight correction in the wave structure here. The metal might be […]
Technical outlook and chart setups: Gold is proving to be a classic text book example of the wave theory here. The metal completed its counter trend rally at $1,262.00/63.00 levels and is now looking to continue dropping lower towards $1,190.00 levels at least. Please also note that the metal has reversed from Fibonacci 0.618 resistance […]
