Technical outlook and chart setups: Silver is remains flat compared to yesterday, after bouncing off $14.50. The metal has bounced off the Fibonacci and trend-line convergences producing an engulfing bullish candlestick pattern. That indicates a change in trend. It is hence recommended to remain long with risk at $14.00. Immediate support is seen at the […]
Technical outlook and chart setups: Gold has moved in line with our expectations and finally bounced off the Fibonacci 0.618 support of the rally between the $1,100.00 and $1,155.00 levels, at $1,120.00 respectively. The yellow metal should be poised to extend the rally through the $1,200.00 and $1,230.00 levels in the coming trading sessions. It […]
Stocks Take Fright Morning Report: 06.45 London • This morning, markets are stable after the S&P 500 narrowly avoided making fresh 2015 lows yesterday. We are still heading for the worst quarter for US markets since 2011. The dollar index is falling back this morning after pushing and holding at the highs for days. […]
Stocks Take Fright Morning Report: 06.45 London • This morning, markets are still coming to terms with a bruising session on Wall Street last night that saw the S&P 500 drop by more than 2%. At the same time, the dollar index is hovering around the highs as the prospect of a December US rate hike […]
Euro Weighed Down By VW Concerns Morning Report: 06.45 London • This morning, the Euro remains under pressure after a weekend of further revelations about the VW scandal with some commentators warning that the fallout could be more significant than Enron. […]
Overview: Since our last analysis, gold has been trading upwards. As we expected, the price tested the level of $1,140.63. The intraday trend is neutral. In the daily time frame, we can observe a demand bar in a high volume. In the M15 time frame, we can observe a successful test at the supply level […]
empty Related Posts:Video market update for April 18, 2024 April 18, 2024 Potential for the further drop on BTCUSDThe material has been…Market Comment – US dollar on the back foot as nervousness… April 18, 2024 Euro edges higher despite continued hawkish commentary from Fed officials…Powell made a bold point, and Bailey did not report anything… […]
Gold price has reached my short-term target of $1,150 and is showing signs of rejection and reversal. This is very important support. In order to be broken, we might need a pullback first. However the pullback should stay above $1,130. Green lines – triangle Price is above the Ichimoku cloud and above the Ichimoku indicators […]
Technical outlook and chart setups: Silver might be looking to form a base around the $14.50 levels before turning higher again. Please note that the $14.50 levels is a strong Fibonacci convergence, with a potential tendline support passing through as well. It is hence recommended to remain long for now and also look to add […]
Overview: Since our last analysis, gold has been trading upwards. As we expected, the price tested the level of $1,144.80. The intraday trend is upward. In the daily time frame, we can observe a demand bar in an average volume. In the M15 time frame, we can observe a successful test at the supply level […]
Technical outlook and chart setups: Gold is trading around the levels of $1,137.00/38.00 now, after having bounced off from $1,120.00/21.00 earlier. The metal might form a gartley and a drop towards $1,115.00/13.00 before resuming its uptrend, as shown here. It is hence recommended to book profits on long positions taken earlier and remain flat. An […]
Overview According to the attached H4 chart, the silver price remains stable above the previously breached bearish channel’s resistance, while it has difficulties with breaching the 14.85 barrier. It represents a good positive key that supports chances of continuing the bullish correction on the intraday and short-term basis, as the EMA50 meets the mentioned level […]
Aussie Trickles Lower Morning Report: 09.00 London • This morning, the Australian dollar is still leaking pips as China gropes for a turnaround. The AUD/JPY is down by 0.66%, with the AUD/USD down 0.44%. […]
Gold price remains supported in the short term. A trend remains bullish with its first short-term target at the resistance level of $1,150. As long as the price trades above $1,120, bulls remain in control of the short-term trend. Green lines – triangle pattern Gold price is trading above the Ichimoku cloud and inside the […]
Overview Silver price traded with clear negativity to retest the bearish channel’s resistance that was breached previously and now turns into key support level at 14.70. As we mentioned in our recent articles, holding above this level represents the key condition to continue the bullish correctional scenario. Its targets begin by breaching the 15.40 level […]
Technical outlook and chart setups: Silver has bounced off from the $14.70/80 levels as expected. Please also note that the metal has bounced off the Fibonacci 0.618 support of the rally between the $14.30 and $15.40 levels, respectively. Furthermore, the $14.70/80 levels are also former resistance turned into support. It is hence recommended to hold […]
Technical outlook and chart setups: Gold is trading above $1,130.00 after bouncing back from the levels of $1,120.00/21.00 today. The metal is expected to continue its bullish stance through at least $1,150.00. Please note that a bullish morning star candlestick pattern indicates reversal. It is hence recommended to hold long positions, with risk at $1,100.00. […]
UK Borrowing Balloons, China Slips Again Morning Report: 08.00 London • The British pound is still shaky after yesterday’s unexpected rise in UK public sector net borrowing. The British pound sank heavily against the dollar, pound and euro as expectations for an interest rate hike shifted further into the future again. • The big movers this […]
Overview: Since our last analysis, gold has been trading sideways around the price of $1,125.00. The intraday trend is neutral. According to the daily time frame, we can observe a supply bar in an average volume. In the M1 time frame, we can observe a big sign of strenght (double selling climax) around the level […]
Gold price broke the short-term bullish channel and pulled back towards the 38% Fibonacci retracement and kijun-sen support around $1,125. There is also a bigger triangle pattern being formed with critical resistance at $1,150 that bulls need to break in order to support the bullish scenarios. Green lines – triangle pattern Gold price is trading […]
Overview: Since our last analysis, gold has been trading downwards. The price tested the level of $1,126.20. The intraday trend is neutral. According to the daily time frame, we can observe a supply bar in an average volume. In the M1 time frame, we can observe big weakness (buying climax, supply coming in) around the […]
Technical outlook and chart setups: Silver dropped to the levels of $14.90/95. It is expected to be supported around $14.80. Please note that the levels of $14.75/80 acted as resistance which turned support. Furthermore, a fibonacci 0.382 support is passing through the same level. It is hence recommended to turn bullish now with risk at […]
Stocks Report: The Goldman Sachs Goldman Sachs approached support level 180.00 Likely to fall to 172.00 Goldman Sachs recently corrected down strongly – nearly reaching the support level 180.00 (which […] The post HY Newsletter- Gold Reversed From Resistance Area appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) for […]
Technical outlook and chart setups: Gold has dropped to the $1,125.00 levels today, as expected, before pulling back higher. The metal seems to be falling in a corrective manner and could push towards the $1,150.00 resistance soon. Bulls are expected to remain in control until prices stay above the $1,100.00 levels. It is hence recommended […]
US/EU Gap Highlighted Morning Report: 08.00 London • The monetary policy gap between the US and EU is behind strong moves in the euro yesterday after ECB officials hinted at more assistance via quantitative easing, while US officials nudged a rate hike back on the agenda. Markets are quiet this morning though with the US dollar […]
Gold price remains in a short-term bullish trend targeting resistance at $1,150. The price is heading towards higher highs and higher lows. I expect the medium-term resistance at $1,150 to be tested while a weekly close above $1,155 could open the way to $1,200. Red line – resistance Black lines – bullish channel Gold price […]
Overview: Since our last analysis, gold has been trading downwards. The price tested the level of $1,129.43. The intraday trend is neutral. According to the daily time frame, we can observe a demand bar in an average volume. In the M30 time frame, we can observe weakness around the level of $1,135.50, which is a […]
Technical outlook and chart setups: Silver had rallied through $15.40 levels last week, threatening the bearish setup established earlier. The metal remained just shy from $15.60 and pulled back. It cpuld tocontinue dropping towards $14.75 before turning bullish again. It is hence recommended to exit short positions at $14.75 and turn bullish on a bounce […]
Technical outlook and chart setups: Gold rallied through the $1,140.00 levels last week before correcting lower. A further push higher may threaten its bearish setup and push it higher towards the $1,200.00 levels. The metal is posed to pull back towards at least the $1,125.00 levels for now before rallying further. It is hence recommended […]
Crude prices were seen trading higher on Monday, bouncing back from previous losses posted last week. Concerns over the global oversupply and slow energy demand continue to weigh on the […] The post Oil Trades Slightly Higher Amid Slow Demand appeared first on | HY Markets Official blog. Related Posts:Technical Analysis – EURGBP maintains bearish […]
