Asian Markets have suffered steep losses over the session, as once again China growth concerns dominated the market. Stock markets dropped 7% and trading halted for the rest of the day. Weak factory surveys diminished hopes that the economy would enter the year on better footing. As a result, the JPY strengthened […]
Republican presidential candidate Donald Trump might be a “major cause” of volatility in the global financial markets in the first half of 2016, according to Nigel Green, CEO and founder of deVere Group, an international financial consultancy with over 80,000 clients. Clearly, Mr. Green hasn’t warmed up to Donald Trump’s crass political campaign, which has […]
Overview Silver price shows more sideways trading near the 14.25 level, while stochastic shows a bearish bias on intraday time frames, which supports the chance to trade negatively in the upcoming sessions to keep the bearish bias preferred on the intraday and short-term basis. The price needs to break the 13.96 level to reinforce the […]
Technical outlook and chart setups: Silver is trading around the level of $14.07 looking for an opportunity to form a base around $13.90/95 before rallying further. The metal has broken out of the resistance trend line, but needs to find a clear way to the level of $14.60 before it can be confirmed that bulls […]
Technical outlook and chart setups: Gold has been drifting in a corrective manner since reaching highs of $1,081.00/82.00 last week. The yellow metal is still expected to drop lower towards the level of $1,060.00 from here before it could receive any major support. The metal could bounce from $1,060.00 or drop further lower into the […]
Overview: Since our last analysis, gold has been trading sideways around the level of $1,070.62. In the daily time frame, I found a weakly supply bar, which is a sign that selling looks risky. An intraday trend is neutral. In the 30M-time frame, we can observe successful re-testing of our channel and a breakout of […]
Overview Silver price ended yesterday’s trading at 14.25 and it is showing some slight bullish bias now. When we notice that stochastic loses, it is a good momentum to reach the overbought areas. Therefore, we will continue to suggest the overall bearish trend with its next targets located at 13.50 followed by 13.00, reminding you […]
Overview: Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,074.86. In the daily time frame, I found a weak supply bar, which is a sign that selling looks risky. The short-term trend is upward. In the 30M-time frame, we can observe successful re-testing of our […]
Overview Yesterday, silver closed at 14.25, showing some slight bullish bias now, while we notice that stochastic loses its positive momentum gradually to reach the overbought areas. Therefore, we will continue to suggest the overall bearish trend that its next targets located at 13.50 followed by 13.00, reminding you that it is important to keep […]
Overview: Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,074.27. In the daily time frame, I found a weak supply bar, which is a sign that selling looks risky. The short-term trend is upward. In the 30M-time frame, we can observe successful re-testing of our […]
Technical outlook and chart setups: Silver is seen to be trading around $14.29/30 levels at the moment, looking to drop lower towards $13.90 levels before reversing. The metal has rallied from $13.65 levels through $14.39 levels and taken out interim resistance at $14.30 levels already. A dip towards $13.90 levels, which is also fibonacci 0.618 […]
Technical outlook and chart setups: Gold id trading around $1,074.00 levels for now, looking to drop lower and form bottom at $1,060.00 levels before reversing. The metal is expected to drop in a corrective manner (3 waves) and the bottom should be bought. Also note that $1,060.00 levels is the fibonacci 0.618 support of rally […]
Overview: Since our last analysis, gold has been trading downwards. The price tested the level of $1,069.50. In the daily time frame, I found a weak supply bar, which is a sign that selling looks risky. The short term trend is upward. In the 30M-time frame, we can observe testing of our channel, which made […]
Euro Reverses After Day of Dominance Morning Report: 06.30 London • This morning, the euro is on the back foot after a strong showing yesterday, especially against the British pound. UK public spending increased more than expected, questioning the economic recovery trumpeted by Chancellor Osborne. • Despite a weaker euro, the dollar […]
Gold retained its loss following the US economy expanded faster than projected last quarter, bolstering the case for additional interest rate hikes in the future. Official government data showed the US economy grew at a revised 2% annualized rate. Bullion for immediate delivery closed at $1,074.50 an ounce. The metal slid 0.6%, snapping a two-day […]
Overview Silver price closed yesterday trading above the bearish channel’s resistance that appears in the image, while the price could not surpass the critical resistance barrier at 14.25, which keeps the chances valid for resuming the main bearish trend, especially that stochastic shows clear negative signals on the four-hour time frame. Thus, we keep preferring […]
Overview: Since our last analysis, gold has been trading sideways around the price of $1,078.00. In the daily time frame, I found a strong demand bar, which is a sign that selling looks risky. The trend is downward in the mid- and long terms. In the 4H-time frame, we can observe successful breakout of strong […]
Oil Hits 11 Year Lows Morning Report: 06.30 London • This morning, the dollar index is losing ground, but those losses are softened by the continues weakness in oil prices as crude hit an 11 year low yesterday. • The euro continues to out perform the British pound after worse than […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of $1,080.00. In the daily time frame, I found a strong demand bar, which is a sign that selling looks risky. The trend is downward in the mid- and long terms. In the 4H-time frame, we can observe successful breakout […]
Overview A silver price returns to test the bearish channel’s resistance at 14.10, accompanied by stochastic enter to the overbought levels, which forms negative pressure that we are waiting to push the price to resume the bearish trend, to keep the negative scenario valid until now. Our expected targets begin at 13.50 followed by 13.00, […]
Markets continue trading in tight ranges due to the limited volatility attributed to the festive season. As yesterday it was the official calendar beginning of winter, Oil (+0.64%) managed to edge higher on speculation the winter season will drive up demand. As a result the drop of commodity prices (CAD mostly) was halted and USDCAD […]
Technical outlook and chart setups: Gold is trading around the levels of $1,070.00 and is looking for an opportunity to drop towards $1,057.00 before reversing again. As seen here, the yellow metal is drifting in a channel since last week and bouncing off the support and resistance levels respectively. The most probable wave count could […]
Technical outlook and chart setups: Silver is looking for an opportunity to correct lower to the levels of $13.80/90 before reversing higher again. The wave structure may be unfolding into a consolidation as depicted by the arrows here before breaking out. The metal is producing an evening star bearish candlestick pattern at the moment and […]
Gold price made a double bottom at the area of $1,046, and as I have been saying for several weeks as gold is trading between $1,080-$1,040, the downside is limited and traders should only be looking for an opportunity to trade on the expected bounce that can push the price towards $1,120-30. Green line – […]
Dollar Steady After Friday Reversal Morning Report: 06.30 London • Markets are quiet this morning, with the dollar holding steady following a Friday reversal. The USD/JPY is following suit. • The Aussie dollar has gapped lower overnight, but the NZD/USD is continuing to out-perform. • The […]
Yen Powers On Morning Report: 06.30 London • This morning, the US dollar is backing off from the highs made yesterday, mainly due to a powerful push from the Japanese yen. • The yen is bidding higher after the Bank of Japan opted to extend the range and maturity of the […]
Overview Silver price traded with clear positive yesterday to test the bearish channel’s resistance that appears in the chart accompanied by clear negative signals coming from stochastic, which supports the chances for bouncing lower to resume the bearish trend, and its next targets are at 13.50 and 13.00. Therefore, we will keep our bearish trend […]
Overview: Since our last analysis, gold has been trading sideways around the level of $1,065.00. In the daily time frame, I found a weak demand bar, which is a sign that buying looks risky. The trend is downward in the mid- and long terms. In the H4 time frame, we can observe a spike (buying […]
Technical outlook and chart setups: Silver is trading around the level of $14.07 now testing the trend-line resistance as seen here. The metal needs to push through $14.60 to turn bullish in the medium term. On a flip side, bearish reversal would encourage for bears to take control back. It is hence recommended to remain […]
Technical outlook and chart setups: Gold is trading around the levels of $1,066.00 right now drifting sideways in the channel shown in the chart. A drop to the levels of $1,052.00/55.00 should be watched for a bullish reaction. Bulls are expected to take control from there holding lows of $1,045.00. It is hence recommended to […]
