Forecast for gold for July 15, 2015

The metal lost momentum again. Traders focused on the Fed’s rate hike. Fed’sEsther George said “Delayed too long to raise interest rates or will hurt the economy. The US economy has been back on track in the second quarter following first quarter’s slowdown. US wages will begin to grow. Personally, I think that the Fed’s […]

Stock Trkr
Gold analysis for July 14, 2015

Overview: Gold has been trading sideways around the price of $1,157.00. We are facing very low volatility and weak price action. According to the daily time frame, we can observe weak bearish bar in a volume above the average. According to the H4 time frame, we can observe a weak price action and lower volatility […]

Stock Trkr
Gold technical analysis for July 14, 2015

Gold price remains in a bearish trend despite bulls’ attempt to make a bounce higher. Bulls remain weak and can not hit a higher high. A trend is bearish and I believe that once we break below $1,130, we will see a small sell-off towards $1,000. Very important long-term support is found in the area […]

Stock Trkr
Technical analysis of Gold for July 14, 2015

Technical outlook and chart setups: Gold dropped to the level of $1,150.00 yesterday before pulling back higher again. It looks like the metal formed an up Gartley. Now, we expected it to rally towards $1,175.00 and higher respectively. If bulls remain in control, prices should stay above $1,150.00 and subsequently $1,145.00. It is hence recommended […]

Stock Trkr
Technical analysis of Silver for July 14, 2015

Technical outlook and chart setups: Silver remains virtually unchanged from yesterday. It is trading at the level of $15.43 at the moment. The metal could still drop lower to the levels of $15.15/18, before resuming its rally towards $16.40/50 and higher respectively. Please also note that the levels of $15.15/18 are also fibonacci 0.618 support […]

Stock Trkr
Binary.com Daily Market Report (14th Jul)

Euro Steady After Euro Agreement Morning Report: 07.00 London • The only people who appear to be happy with the Greek bailout deal are European officials, with many analysts and the Greek public unhappy with the draconian measures in place. As ever with developments in Europe, it is wise to wait for the fallout from any […]

Stock Trkr
Gold analysis for July 13, 2015

Overview: Gold has been trading downwards. The price tested the level of $1,151.00. According to the daily time frame, we can observe bullish bar in a volume below the average. According to the H1 time frame, we can observe a weak price action and lower volatility on the market. Selling still looks risky at this […]

Stock Trkr
Gold technical analysis for July 13, 2015

Gold price remains in a bearish trend making lower lows and lower highs. Bulls do not seem strong enough to overcome the first important short-term resistance at $1,175. On the other hand, bears still remain in control of the trend and there are a lot of signs that more downside movement should be expected. Blue […]

Stock Trkr
Technical analysis of Gold for July 13, 2015

After the FOMC meeting minutes and weak US data, the metal managed to rebound from its 4-month lows. Gold bulls managed to hold mild gains for 3 consecutive sessions. On a closing basis, the level of $1,155.00 acts as the key level to watch. On the down side, $1,151.00 acts as multi-support level. In all […]

Stock Trkr
Technical analysis of Gold for July 13, 2015

Technical outlook and chart setups: Gold is trading around $1,162.00/63.00 at the moment stalling at the resistance trendline as seen here on the H4 chart. Please note that bulls need to push the price higher and take out initial resistance at $1,175.00 at least to regain control. The yellow metal has formed a potential double […]

Stock Trkr
Technical analysis of Silver for July 13, 2015

Technical outlook and chart setups: Silver is trading around the levels of $15.50/60 at the moment after having taken out initial resistance at $15.80/85 as seen on the H4 chart. The metal is expected to retrace lower around $15.20 before rallying further higher towards at least $16.60. It is hence recommended to buy around $15.20 […]

Stock Trkr
Binary.com Daily Market Report (13th Jul)

Greece on the Brink (again). Euro Holding Morning Report: 07.00 London • It’s now a familiar refrain – Markets wake late Sunday night to the news of more trouble for Greece. Markets gap lower at the open then stage some sort of recovery before bimbling around for the rest of the weekend for the next round […]

Stock Trkr
Binary.com Daily Market Report (10th Jul)

Euro Pushes On as Latest Deadline Approaches Morning Report: 07.00 London • This morning, the risk on/ risk off barometer is tilting towards the positive as hopes rise of a Greek deal that includes some form of debt relief. The dollar index is on the back foot, while the S&P 500 creeps higher.       […]

Stock Trkr
Binary.com Daily Market Report (9th Jul)

Pound Sends Message On Budget Morning Report: 07.00 London • This morning, the pound is still wobbly after heavy selling yesterday following the summer budget. Market traders evidently found items to dislike, sending the pound crashing down against the yen and other currencies.                           […]

Stock Trkr
Gold analysis for July 08, 2015

Overview: Gold has been trading downwards. The price has tested the level of $1,147.03 in an ultra high volume (selling climax). According to the daily time frame, we can observe selling climax (potential hidden buying) in the background. According to the H1 time frame, our support cluster around the price of $1,162.00 got broken in […]

Stock Trkr
Technical analysis of Silver for July 08, 2015

Technical outlook and chart setups: Silver istrading around $14.80 now after dropping below the interim support of $15.50 yesterday. As depicted here, the metal has tested a low of $14.65 hit back in December 2014 and pulled back. A bullish reversal signal will indicate a potential double bottom formation encouraging bullish setups again. On the […]

Stock Trkr
Gold technical analysis for July 8, 2015

Gold price remains in a bearish trend and a new rejection at the resistance of $1,175 was seen yesterday, followed by a break of short-term support at $1,160. Gold price is now testing important long-term support at $1,140-30 as expected since it broke below the triangle pattern. Blue lines – triangle pattern Red lines – […]

Stock Trkr
Technical analysis of Gold for July 08, 2015

Technical outlook and chart setups: Gold is seen to be heading lower towards $1,142.00/43.00 lows, created in March 2015 after having taken off $1,150.00 levels yesterday. As depicted on the daily chart here, a trendline support is passing through the current levels and bulls would have some reason to cheer up only if there is […]

Stock Trkr
Technical analysis of Gold for July 08, 2015

The yellow metal prices fell to a 4-month low of 1147.70 at yesterday’s session. The day was filled with complete red paint. The metal started this week on a bearish note. In time frames, the precious metal lost all the moving averages. Ahead of the FOMC meeting minutes, the metal is trading lower at the […]

Stock Trkr
Binary.com Daily Market Report (8th Jul)

Pound Stumbles on Budget Day Morning Report: 07.00 London • This morning, stock market futures are selling off heavily as the Greek crisis twists and turns. Perhaps of greater concern is the near meltdown in Chinese stocks – a theme that is putting fear into all corners of the globe.           […]

Stock Trkr
Mining in Simbabwe by Commodity-TV

Mining in Simbabwe. With CFO of Caledonia Mining Mark Learmonth Related Posts:Technical Analysis of Daily Price Movement of Crude Oil… August 16, 2023 From the daily Timeframe chart of crude oil commodity assets,…Technical Analysis of Daily Price Movement of USD/CAD… August 15, 2023 If we look at the chart on the 4-hour timeframe…Technical Analysis of […]

Stock Trkr
Gold analysis for July 07, 2015

Overview: Gold has been trading sideways around the price of $1,165.00. I am still awaiting a stronger price action and larger activity to confirm further direction. According to the H4 time frame, our support cluster around the price of $1,162.00 got broken but we can observe a pin bar, which is a sign of a […]

Stock Trkr
Binary.com Daily Market Report (7th Jul)

Markets Rally Despite Greek Stalemate Morning Report: 07.00 London • Stock market futures are shaking off the Greek malaise and furthering yesterday’s rally off the lows. Quite where the referendum result will leave Greece and the euro is still anyone’s guess, but markets appear to be confident that Eurogeddon is to be avoided (for now). […]

Stock Trkr
Gold technical analysis for July 7, 2015

Gold price made another bounce towards $1,175 yesterday, but the price got rejected once again and pulled back below $1,170. The trend remains bearish. Bulls are not strong enough to make a bounce higher than $1,175. Blue lines – triangle pattern The price reached the breakdown area of the lower triangle boundary and tested it. […]

Stock Trkr
Technical analysis of Gold for July 07, 2015

Technical outlook and chart setups: Gold remains unchanged for now. It is trading around $1,168.00 after dropping from $1,174.00 yesterday. The metal has been testing the immediate resistance trendline but still needs to be pusedh above $1,175.00 to re-enter the buy zone. A drop below $1,155.00 would prove to be extremely bearish. It is recommended […]

Stock Trkr
Technical analysis of Silver for July 07, 2015

Technical outlook and chart setups: Silver is trading around $15.70 now after having broken out of the trading range yesterday. The metal had rallied up to $15.88 before pulling back lower again. Another push above $15.80 should bring the metal into the buy zone of the dropping trend-line resistance and probably test $16.00/10. That would […]

Stock Trkr
Technical analysis of Gold for July 07, 2015

The metal has been extending selling pressure for more than a week except for 1 day. The metal is approaching support zone between $1,162.00 and $1,160.00. A daily close below $1,160.00 openes the way to re-test of the previous lows of $1,142.50 and $1,135.00. In all time frames, the precious metal lost all the moving […]

Stock Trkr
Gold analysis for July 06, 2015

Overview: Gold has been trading sideways around the price of $1,166.00. I am still awaiting a stronger price action and larger activity to confirm further direction. According to the H4 time frame, our support cluster around the price of $1,162.00 got broken but we can observe a pin bar, which is a sign of a […]

Stock Trkr
Technical analysis of Gold for July 06, 2015

Technical outlook and chart setups: Gold is trading around $1,168.00 now, looking for an opportunity to move towads at least $1,185.00. Please note that the metal has touched fibonacci 0.50 retracement level as a result of a drop from $1,188.00 through $1,156.00. Bulls need to push prices higher through the level of $1,185.00 to remain […]

Stock Trkr
Gold technical analysis for July 6, 2015

Gold price gaped up early on Monday after the NO vote in the Greek referendum and a sharp decline in EUR/USD. Prices however came back to Friday’s levels as the price tested the break-down area again and got rejected, as we had expected. Blue lines – triangle pattern Last week, we saw Gold price breaking […]

Stock Trkr