Technical outlook and chart setups: On Tuesday, silver dropped marginally lower to the level of $15.75 before pulling back again. The metal is trading around $15.93 now and the H4 chart view suggests further upside movement here. The metal broke below the trend-line support, but is still seen to be holding previous support at $15.60. […]
Overview: Gold has been trading downwards. As we expected, the price tested the level of $1,170.18 in an ultra-high volume (selling climax). In the daily time frame, we can observe a bearish bar in a volume below the average. Our trading range between the levels of $1,205.00 and $1,198.00 was finally broken and caused a […]
Stocks Report: Bank of America Bank of America broke resistance level 17.60 Likely to rise to 18.20 Bank of America yesterday broke the resistance level 17.60 (which reversed the price […] The post HY Newsletter – Silver falls inside minor impulse appeared first on | HY Markets Official blog. Related Posts:EUR/USD. Analysis for April 12th. […]
Euro Survives Another Day Morning Report: 07.30 London • This morning the euro is steady after heavy selling yesterday on the back of Greek niggles. Markets are confidence a short term deal will be done, but the long term problems are still not being addressed (ad infinitum). […]
Gold remains weak as the price has broken below the short-term trend-line support and is moving lower in an impulsive way. Gold medium- and long-term trends remain bearish and I believe it is only a matter of time before we see a break of the support at $1,130. Blue line – trend line support Gold […]
Overview: Gold has been trading downwards. As we expected, the price tested the level of $1,178.05 in an ultra-high volume (selling climax). In the daily time frame, we can observe a strong bearish bar. Our trading range between the levels of $1,205.00 and $1,198.00 was finally broken and that is the reason for downward movement. […]
Gold price was rejected at 61.8% retracement as we expected and pushed back below $1,200. The short-term trend is bearish again while my longer-term view remains bearish expecting a break lower towards $1,000. Blue line – trend line support Gold price is above the Ichimoku cloud and above the blue trendline resistance. These two provide […]
Technical outlook and chart setups: Gold retraced lower towards $1,183.00 yesterday before pulling back higher. The metal is trading around $1,187.00 at the moment looking to rally towards fresh highs in the sessions to come. We expect the price to reach the level of $1,215.00 maximum and $1,225.00 subsequently. Bulls are poised to remain in […]
Technical outlook and chart setups: Silver is trading above the level of $16.00 now, but needs to be pushed above $16.50 to accelerate. The metal has already bounced off the confluence of fibonacci 0.786 and trend-line supports. In is expected to rally further higher towards at least $17.20/30. A push above $16.50 would instill further […]
Overview: Gold has been trading downwards. The price tested the level of $1,185.62 in an ultra-high volume (selling climax). In the daily time frame, we can observe a strong bearish bar. Our trading range between the levels of $1,205.00 and $1,198.00 was finally broken and that is the reason for downward movement. Fibonacci retracement 61.8% […]
Greece – Just as One Deadline Passes…. Morning Report: 07.30 London • There was some positive movement in the Greek negotiations in the form of a slight climb down from the Tsipras government. However, all this has done is rolled negotiations over to a new deadline with nothing concrete on the table yet. The “this time […]
Gold price has reached the 61.8% Fibonnaci retracement as expected and paused its developement. This level is an important resistance level and it is very probable to see trend reversal to the downside from this level. Blue line – trend line support Gold price is trading above the Ichimoku cloud in the 4-hour chart and […]
Technical outlook and chart setups: Gold is trading around $1,197.00/98.00 now after having pulled back from $1,205.00. The metal is expected to rally up to at least $1,211.00/15.00 from here and head towards $1,225.00 subsequently. Bulls are poised to remain in control until prices stay above $1,171.00. It is hence recommended to remain long for […]
Technical outlook and chart setups: Silver is holding above $16.00 now. The metal tested recent lows at $15.90 last week before pulling back higher again. Please also note that the metal remains in the buy zone of its support trendline and holds the fibonacci 0.786 support around the level of $16.00. It is hence recommended […]
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Overview: Gold has been trading sideways around the price of $1,202.00. In the daily time frame, we can observe a strong bullish bar in a volume below the average. According to the M15 time frame, I found trading range between the prices of $1,205.00 and $1,198.00. I am waiting for a stronger price action and […]
Euro Indifferent to Fate of Greece Morning Report: 07.00 London • Thursday saw much excitement over a supposed leak from German paper Zeit which claimed that a major concession had been given to Greece with a further extension (possibly excluding the IMF). This was in turn denied by EU diplomats, but the Euro still held up […]
Gold price bounced strongly towards $1,205 yesterday after breaking out the short-term resistance at $1,190. As I mentioned yesterday, if gold managed to hold above $1,175 and if it broke $1,190, we could see a push towards $1,200-$1,205 where the 61.8% retracement resistance is found. Red line – support trend line Gold price had broken […]
Technical outlook and chart setups: Silver is trading at $16.15 levels for now after yesterday’s pullback lower to $16.50. The metal has already bounced off from its trend-line support earlier and formed the bottom at $15.80. Bulls should remain in control until prices stay above at least $15.80. It is hence recommended to remain long […]
Technical outlook and chart setups: Gold has rallied and taken out initial resistance around $1,205.00 as seen on the H4 chart. The metal is expected to push higher towards at least $1,211.00 and take out next resistance around $1,215.00. Bulls are likely to remain in control until prices remain above $1,171.00. It is therefore recommended […]
Overview: Gold has been trading upwards. The price tested the level of $1,203.41. In the daily time frame, we can observe a strong bullish bar in a volume below the average. We got absorption volume near the price of $1,175.009 and that reaction caused the price to start moving upwards. Since our strong support around […]
Gold price had some increased volatility yesterday after the FOMC meeting. However, gold continues to trade within a trading range. The price managed to hold and test support at $1,175. It bounced towards the short-term resistance of $1,185-90. The short-term trend remains neutral. Red line – support Blue area – resistance area Gold price found […]
Dollar Holds Highs Ahead of Fed Morning Report: 06.00 London • This morning, markets are reacting to a relatively dovish FOMC statement and the ongoing melodrama surrounding the Greek debt negotiations. Stock markets have continued their ugly/ volatile trading range. • The Dollar […]
Technical outlook and chart setups: Gold has bounced off sharply after testing yesterday’s low of $1,175.00 and is trading around the level of $1,188.00 at the moment. It seems that the metal has formed an intermediary base at $1,171.00/75.00 over the past few trading sessions and is looking to rally towards $1,205.00 and $1,211.00 in […]
Technical outlook and chart setups: Silver bounced off the sub-level at $15.90 as expected yesterday and is trading around $16.20 at the moment. Please note that the metal has already confirmed its resumption in case of a rally towards $17.70 and higher during the sessions to come. The metal bounced at the confluence of trend-line […]
All Eyes On Fed as Grexit Looms Morning Report: 07.00 London • Greece appears to be running out of time and friends, yet the Euro is still standing proud largely thanks to the ECBs quantitative easing according to analytsts. The Euro remains stable this morning despite the lack of progress. […]
Euro Shrugs as Greece Teeters On Brink Morning Report: 08.00 London • This morning, news outlets are running with headlines that imply Greece is teetering on the brink. On the brink of what though? Default? Leaving the Euro? Scraping through another deal? Whatever the outcome, it’s clear that the Euro doesn’t pay much attention to newspaper […]
The pound is reversing early gains Morning Report: 08.30 London • This morning, the euro slipped further after Greek debt talks appeared to slip closer to a ‘Grexit’ scenario with German creditors frustrated by the latest proposals that do not go far enough. […]
Technical outlook and chart setups: Gold is trading around $1,180.00 levels for now and could test $1,175.00 lows before rallying further higher. As seen in the chart view here, bulls should be poised to remain in control till prices stay above $1,160.00 levels and push the metal through $1,207.00 levels at least. It is hence […]
