No News Is Good News Morning Report: 06.30 London • This morning there is some blessed relief for traders as markets start the second week of the new year on a relatively stable footing. The US Dollar gapped higher at the open, as a continued reaction of Friday’s impressive jobs data. Since then, the Greenback as […]
Overview The silver price continues moving within the sideways range, which lines are represented by the 13.65 support and 14.25 resistance, pointing to a contradiction between the positive EMA50 and stochastic’s negativity. It makes us expect more sideways moves on an intraday basis, waiting for a breach of one of the mentioned levels to detect […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,112.58 in a high volume. In the daily time frame, we can observe testing of Fibonacci retracement 38.2% and price action resistance and testing of SMA 100. Buying at this stage looks risky since the price is at the […]
The gold price has reached important short-term resistance levels in the $1,100-$1,110 area. A pullback is justified, but for bulls to remain in control, the price should not fall below $1,080 and overlap the high of the wave 1. There are two possibilities regarding the wave count for gold. My favorite scenario that the long-term […]
Markets Stable After Heavy Losses Morning Report: 06.30 London • World equity markets sustained heavy losses yesterday, with the benchmark S&P 500 dropping 2.37% overnight. Chinese markets have stabilised this morning, posting sizeable gains and providing some reassurance to global investors. Fears over Chinese growth and a general devaluation in emerging market currencies are thought to […]
Gold trimmed its best weekly gain since August as global markets slowly recovered after China calmed traders by their refusal to lower further its exchange rate. Bullion for immediate delivery closed at $1,103.53 an ounce, down 0.5%. This week, prices have risen 4%. The metal has outmatched other commodities as over $4 trillion was wiped […]
Overview The silver price has been trading sideways since yesterday. As long as the price is below the 14.25 level, we will still suggest the bearish trend on an intraday and short-term bases. its main targets begin at 13.50 followed by 13.00. Note that breaching the 14.25 level will make the price begin a bullish […]
Following the panic in Asia early this morning which saw the Shanghai Composite close down more than 7%, Eurozone indexes have continued the selloff with Germany’s DAX down more than 3%, UK FTSE and France’s CAC 40 down over 2.5%. The US looks set to follow suit as markets remain shaken following […]
New Year Slide Continues Morning Report: 06.30 London • Chinese stock market Circuit Breakers were triggered again on this morning as the renminbi slides to its biggest fall since the surprise devaluation in August. The move is increasing demand for the region’s dominant currency – the yen, with the major Yen pairs falling again today. […]
Overview: Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,102.62 in a high volume. In the daily time frame, we can observe testing of Fibonacci retracement 38.2% and price action resistance. Buying at this stage looks risky since the price is at the strong resistance. […]
As we expected, the gold price continues moving higher towards our first target of $1,095-$1,100 where the 38% Fibonacci retracement of the decline from $1,190 is found. Blue lines – triangle (broken) The gold price is above the Ichimoku cloud on the 4-hour chart and has already broken above the triangle pattern. The 38% Fibonacci […]
Technical outlook and chart setups: Silver seems to be stuck within the trading range $13.65 to $14.20 as depicted on the H4 chart. The metal needs to break above at least the $14.60 levels to ensure further highs. It is hence recommended to remain flat and watch for levels near the support line ($13.70/80) to […]
Technical outlook and chart setups: Gold has hit the first minimum expectations at the $1,102.00 levels today. The metal is now expected to retrace lower at least towards the $1,085.00 levels before heading towards $1,125.00 and $1,136.00. It is hence recommended to take partial profits on long positions taken earlier and wait for a dip […]
Financial markets are in meltdown as 2016 starts with concerns that a slowdown in the world’s second largest economy will dampen global growth. Trading in China was suspended for the 2nd time this week as stocks fell by more than 7%. In an effort to halt the slide, China’s central bank intervened surprising […]
Overview The silver price shows more fluctuations around 13.96 and the EMA 50. Therefore, there is no change in our main bearish overview that depends on the stability of the daily close below 14.25, waiting to head towards 13.50 followed by 13.00 initially. Stochastic starts to offer negative overlapping signal that might motivate the price […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,092.72 in a high volume. In the daily time frame, the price has broken our 50 SMA. Selling at this stage looks risky. The intraday trend is upward, but the mid-term trend is still downward. I placed Fibonacci retracement […]
The gold price has made an upward breakout. The short-term target is at $1,095. If it is surpassed, then we should expect a move towards $1,101 where the 38% Fibonacci retracement of the decline from $1,190 is found. The gold price has turned the short-term trend into bullish as we have a clear break above […]
Stocks Report: The Goldman Sachs Group Goldman Sachs reversed from major support level 172.60 Likely to rise to 180.00 Goldman Sachs yesterday reversed up from the support zone surrounding the […] The post HY Newsletter – Goldman Sachs Reversed appeared first on | HY Markets Official blog. Related Posts:Technical Analysis – Goldman Sachs stock gains […]
Markets Slump as Chinese Trading Halted Morning Report: 06.30 London • This morning, the Dollar index has continued its ascendance, helped largely by ongoing weakness in the Australian Dollar and a sustained period poor performance from the Euro. • By contrast, the Yen is gaining ground against the Dollar, acting as the […]
Overview The silver price attempted to breach the 13.96 level yesterday without holding above it in order to keep the negative pressure valid on an intraday and short-term bases. The price was supported by the EMA50, waiting for resuming the bearish wave that will target 13.50 and then 13.00. We remind you that breaching the […]
Overview: Since our last analysis, gold has been trading sideways around the price of $1,077.00. In the daily time frame, I found testing of 50 SMA. Be careful when buying gold at this stage. The intraday trend is upward, but short- and mid-term trends are downward. In the H4 time frame, the price is above […]
The gold price made a breakout above the short-term triangle pattern yesterday, but buyers were not strong enough to push the price towards $1,100. There is a high probability that gold is in a corrective phase since there is no clear upward impulsive moves seen. This implies that a new low towards $1,000 should come […]
Markets Slump as Chinese Trading Halted Morning Report: 06.30 London • This morning, Chinese stock markets have endured another volatile session, but this time the turmoil has not impacted forex markets (so far). The Dollar index ended up finishing strongly as the Euro reversed path. The Greenback is pulling back slightly this morning. […]
Gold climbed for a second day as sluggish economic growth and tensions between Saudi Arabia and Iran urged traders to return to haven assets. Slowing manufacturing in China ignited a sell-off that stopped trading in Shanghai. Ties between Saudi and Iran worsened after the kingdom executed 47 men, including a Shia religious leader and a […]
Overview According to the shown H4 chart, the silver price remains stable below the 13.96 level to keep the negative pressure valid on the near-term and short-term bases supported by the EMA50. It underpins the continuation of the bearish trend in the upcoming period, waiting to head towards 13.50 followed by 13.00 as next main […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,078.30 in an average volume. In the daily time frame, I found potential testing of 50 SMA. Be careful when buying gold at this stage. An intraday trend is neutral. Short- and mid-term trends are downward. In the H4 […]
Technical outlook and chart setups: Gold is trading higher today and has taken out interim resistance at $1,072.00 levels already. The metal has made intraday highs at the $1,074.50 levels and still looking to go further. Bulls seem to be poised to remain in control until prices stay broadly above the $1,057.00 levels from here […]
Technical outlook and chart setups: Silver is seen to be trading around the $14.00 levels for now looking to break above $14.10 before producing a meaningful retracement. The metal is still controlled by bulls until prices stay above the $13.65 levels from here on. It is hence recommended to remain long for now with risk […]
The gold price continues trading sideways between $1,090-$1,040. With weekly stochastic still at oversold levels, despite the new lows and overall dollar strength, gold has not collapsed and, as expected, the downside is very limited. On the other hand the upside potential remains good. Blue lines – triangle pattern Red line – important support The […]
Markets Slump as Chinese Trading Halted Morning Report: 06.30 London • After the S&P 500 posted a negative return for 2015 (and paltry gains if including dividends), 2016 looks set to tread a similar rocky path. Trading on the main Chinese stock market was halted after a near 7% slump following worse than expected manufacturing figures. […]
