Technical outlook and chart setups: Silver is trading around the levels of $14.87/90 now drifting in a tight consolidation range as shown here. The metal is testing the resistance line at the moment, and a push higher could take prices to at least $15.40/50. Please note that reversal in a trend shall only be confirmed […]
The metal hit a new low at 1086.70 managing to hold the support level of 1085.00. It closed at 1093.80. The metal closed at the psychological barrier of $1,100.00 at yesterday’s session as well. The US existing-home sales increased in June at the highest pace in eight years. All major regions experienced sales gains in […]
Gold price has managed to reach early Monday’s lows and is bouncing towards $1,100 now. The fact that the early Monday low is held increases the chances of a bigger bounce towards $1,130. However, a longer-term trend remains bearish. Red line – short-term trend line resistance In the 15-minute chart shown above, gold price is […]
Greece Passes Debt Vote – Markets Yawn Morning Report: 07.00 London • As a further sign of market’s indifference to the Greek crisis over the last two weeks, the Greek parliament passed their debt deal without a ripple of reaction over night. The EUR/USD has nudged higher slightly, but otherwise the euro remains trendless. […]
Markets Stumble as Apple Fails to Impress Morning Report: 07.00 London • This morning, markets are on the back foot after Apple’s results failed to fizz last night. Such is the size of the tech giant that its results can set the tone for all markets. […]
Dollar Holds Highs Ahead of Fed Morning Report: 07.00 London • This morning, both the dollar and the S&P 500 continue to rise on hopes for a goldilocks situation for the US economy whereby the economy improves steadily without too rapid an increase in rates. […]
Gold Collapses on Fed Hike Speculation Morning Report: 07.00 London • This morning, Gold has hit a five year low of $1,070 before recovering to above $1,000. The move has been put down to speculation over a US rate hike, but this is unlikely to be the only catalyst with the dollar barely moving this morning. […]
The yellow metal extended losses for the 4th consecutive week as well. In Fed William words “US economy strong sign that the Fed may raise interest rates in 2015”.The possibility of the US inflation rate rose to 2 percent above the end of 2016 was 50%.Compared to last week, the situation in Greece, “a little […]
Overview: Gold has been trading downwards. The price tested the level of $1,135.90. According to the daily time frame, we can observe a weak bearish bar in a volume below the average. According to the H4 time frame, we can observe supply in a high volume. Selling still looks risky at this stage because of […]
Technical outlook and chart setups: The yellow metal took out stops at the $1,143.00 levels yesterday and is pushing lower below the $1,140.00 levels at the moment. Once a rally materializes through initial resistance at the $1,167.00/70.00 levels, it would confirm that a meaningful bottom has been formed. Until then, the metal remains a candidate […]
Technical outlook and chart setups: Silver is holding above the $14.50/60 levels at the moment. The metal is seen to be trading around the $14.98 levels at the moment, and bulls would be determined to remain in control until prices stay above the $14.20/30 levels at least. On the other hand, a breakdown lower could […]
Gold price hit another new low yesterday. The trend remains bearish in all time frames. I do not believe that the price is going to hold $1,130. Bulls continue to feel weak as they are not strong enough to make a bounce higher. The level of $1,160 is the largest short-term bounce we could see. […]
GOLD The yellow metal extended losses for the 4th consecutive day as well, managed to trade above the parallel support. US unemployment claims fell last week. In the week ended July 11, an advancde figure for seasonally adjusted initial claims was 281,000 showing a 15,000 decrease from the previous week’s revised level. Today, traders eye […]
Jochen Staiger talks about EnWave at Dukascopy-TV
Grexit Back On The Menu Morning Report: 07.00 London • Wariness over the latest Greek deal continues, with German finance minister Wolfgang Shauble indicating that a voluntary departure from the eurozone “could perhaps be a better way” for Greece rather than the proposed bailout. This comes amid increasing speculation that the latest deal is self defeating and unlikely […]
Jochen Staiger about Caledonia Mining at Dukascopy-TV
Overview: Gold has been trading downwards. The price tested the level of $1,142.53. According to the daily time frame, we can observe weak bearish bar in a volume below the average. According to the H4 time frame, we can observe a weak price action and lower volatility on the market. Selling still looks risky at […]
Crude prices recovered from the steep losses on Thursday as crude stockpiles in the US unexpectedly declined. Prices for the North American West Texas Intermediate (WTI) crude traded 1.07% higher […] The post Oil Prices Rebounds as US Stockpiles Declines appeared first on | HY Markets Official blog. Related Posts:Technical Analysis – AUDCAD rebounds strongly […]
Stocks Report: Bank of America Bank of America broke resistance level 17.20 Likely to rise to 18.20 Bank of America yesterday rose with the sharp upward gap – breaking above […] The post HY Newsletter – Gold approaches strong support level appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) […]
The yellow metal extended losses for the third consecutive day as well managed to hold the parallel support. The metal lost momentum again. The focus has turned to the Fed rate hike. According to Fed William, strengthening US economy signals that the Fed may raise it interest rates in 2015. The possibility that the US […]
Gold price hit another lower low yesterday breaking the short-term triangle pattern and support at $1,150. The price moved as low as $1,143. This is an important support area. It is difficult to break such a long-term support. A breakout will open the way to a push towards $1,000. Blue lines – trend lines The […]
Technical outlook and chart setups: Gold is trading around $1,146.00 at the moment. It remains just shy of earlier swing lows around $1,143.00. Please note that a bullish bounce here could still resume its uptrend but a break below would be extremely bearish opening doors towards $1,030.00/50.00 before the overall uptrend could resume. It is […]
Technical outlook and chart setups: Silver is trading around the level of $15.05 after hitting lows at $15.00 overnight. Please note that the metal is trading right around its fibonacci 0.618 support around $15.00/20 as depicted here. Furthermore, the metal had taken out resistance at $15.85 earlier, and is expected to move higher towards $16.40/50. […]
Dollar Drives Higher On Yellen Comments Morning Report: 07.00 London • This morning, the US dollar continues to dominate after comments from Fed chair Yellen that interest rates could rise sooner rather than later. • The dollar pairs moved in line with this […]
Overview: Gold has been trading sideways around the price of $1,154.00. We are facing again very low volatility and weak price action. According to the daily time frame, we can observe weak bearish bar in a volume below the average. According to the H4 time frame, we can observe a weak price action and lower […]
Technical outlook and chart setups: Gold is trading around $1,155.00/56.00 at the moment, looking for an opportunity to break through the levels of $1,175.00 and $1,190.00 subsequently as depicted here. Bulls are expected to remain in control untill prices stay above $1,147.00. The metal would confirm a meaningful bottom formation around $1,147.00 once initial resistance […]
Technical outlook and chart setups: Silver is trading around $15.30/32 at the moment and could dip lower to the level of $15.15 before resuming its rally. Please note that the metal has taken out initial resistance at $15.85 earlier and undergoes retracement now, which could form a base at the fibonacci 0.618 around $15.15 levels. […]
Aussie Rallies on China GDP Boost Morning Report: 07.00 London • This morning, the Australian dollar is leading markets higher after Chinese GDP came in above estimates at 7%. • The euro is still wobbly after news leaked of the IMF demanding a […]
Gold price did not manage to break above resistance despite yesterday’s short-term upward spike towards $1,160 . The price got rejected and remained below the cloud and trend-line resistance. Blue line – trend line resistance Short-term resistance is found at $1,160 by the downward sloping trendline and by the red Ichimoku cloud. Trend remains bearish. […]
