Technical analysis of Silver for June 15, 2015

Technical outlook and chart setups: Silver is seen to be trading around $15.96 levels for now and has been holding $15.90/$16.00 levels for a while now. Please also note that the metal has been testing its support trend line passing through the same levels as fibonacci 0.786, around $16.00. Bulls should be poised to remain […]

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Gold technical analysis for June 15, 2015

Gold price continues to trade mostly sideways with big up and down swings between $1,220 and $1,150. There is no clear direction in the medium-term while we see a short-term bullish trend forming after making an important low at $1,162. Red line – support Grey lines – resistance Gold price is above the red trend […]

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Gold : analysis for June 12, 2015

Overview: Gold has been trading downwards. The price tested the level of $1,176.57 in a ultra-high volume. In the daily time frame, we can observe a supply bar in a volume below the average. In the M30 time frame, we can observe volume spike (buying climax) at the price of $1,185.00 in the background, which […]

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Binary.com Daily Market Report (12th Jun)

Crunch Time (again) For Euro Morning Report: 08.30 London • It’s crunch time (yet again) for the euro as the creditors try to play hardball against Greek demands for leniency. The euro remains unmoved so far this morning, but this is likely due to traders waiting to see how events play out.         […]

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Technical analysis of Gold for June 12, 2015

Technical outlook and chart setups: Gold is trading at $1,182.00 afer pulling back from its yesterday’s lows at $1,175.00. Please note that the metal has tested the resistance turned support trendline and bounced back higher, indicating a bullish potential from here on. Bulls should be poised to take out $1,205.00 during the sessions to come. […]

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Technical analysis of Silver for June 12, 2015

Technical outlook and chart setups: Silver tested recent lows at $15.80 yesterday before pulling back higher. The metal is trading around $15.93/95 at the moment and producing a bullish morning star candlestick pattern on the H4 chart again. Please note that the metal has managed to remain in the buy zone, keeping the bullish setup […]

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Gold technical analysis for June 12, 2015

Gold price is testing the short-term cloud resistance after breaking above the short-term downward sloping trend-line resistance. The short-term trend is neutral while the longer-term one remains bearish. My view remains bearish. I would add shorts if the price breaks below the support between $1,130-$1,140. Red line = trend line resistance Gold price remains below […]

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Gold: analysis for June 11, 2015

Overview: Gold has been trading downwards. The price tested the level of $1,178.44 in a volume above the average. In the daily time frame, we can observe a demand bar in a volume above the average. The price broke the key support level around $1,185.00 in the background and selling looks very risky at this […]

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Gold technical analysis for June 11 2015

Gold price was bounced higher as expected and reached the Ichimoku cloud resistance. The price has been rejected. The trend remains bearish which meets our longer-term view. Gold price reached the Ichimoku cloud resistance. The trend is bearish as the price is moving towards lower lows and lower highs. Support is at $1,175 and resistance […]

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Binary.com Daily Market Report (11th Jun)

Markets Recover From Over Sold Conditions Morning Report: 08.30 London • This morning, the S&P 500 is back on the rise after a spectacular over sold bounce yesterday. The move brings the S&P 500 back above the 100 period moving average – a level that has acted as strong support for some time.       […]

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Technical analysis of Gold for June 11, 2015

Technical outlook and chart setups: Gold formed a bullish morning star candlestick pattern on the daily chart view yesterday, after having bounced off the $1,161.00/62.00 earlier. Please note that the metal has breached its resistance trendline on the H4 chart looking to pull back before pushing higher towards $1,197.00. It is recommended to remain long […]

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Technical analysis of Silver for June 11, 2015

Technical outlook and chart setups: Silver has been retracing since hitting $16.25 yesterday. The metal is expected to form a higher low ahead of $15.90 and resume its rally towards $17.30/40 soon. Please note that the metal has already produced a potential reversal pattern earlier. This fall could just be a final test of recent […]

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Gold: analysis for June 10, 2015

Overview: Gold has been trading upwards. The price tested the level of $1,189.47 in a high volume. In the daily time frame, we can observe a demand bar in a volume below the average (weak demand). The price broke the key support level around $1,185.00. Selling looks very risky at this stage. Also, our main […]

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Technical analysis of Gold for June 10, 2015

Technical outlook and chart setups: Gold is trading around the levels of $1,184.00/85.00 at the moment after bouncing from $1,161.00/62.00 earlier. It seems that the metal has found support at fibonacci 0.618 levels of the rally between $1,142.00 and $1,232.00 respectively. A push above $1,197.00 and $1,200.00 would break the counter trend-line resistance as well, […]

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Technical analysis of Silver for June 10, 2015

Technical outlook and chart setups: Silver is trading at the level of $16.10/20 at the moment after testing lows around the level of $15.90 yesterday. Please note that the metal is bouncing off from the confluence of the trendline and fibonacci 0.786 support of a rally between $15.60 and $17.70 respectively. Furthermore, it is producing […]

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Gold technical analysis for June 10, 2015

Gold price has broken the short-term resistance at $1,180. Now, it is moving higher towards $1,190. I do not believe there is much upside to be expected. The rice is below the Ichimoku cloud and still inside the downward sloping channel. Resistance should be very strong and therefore I expect downward reversal. Black lines = […]

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Binary.com Daily Market Report (10th Jun)

Dollar Slumps as Yen Fights Back Morning Report: 08.30 London • This morning, the US dollar is retreating in the face of a strong yen advance. The dollar index is slumping for the third day in a row while stock markets recover somewhat.                           […]

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(Interview) Have YOU Heard of the 30-Year Commodity Cycle?

Where are commodity prices headed? Get some answers from Elliott Wave International’s Commodity Junctures editor, Jeffrey Kennedy — and learn about the “30-year cycle.” And for a detailed forecast, watch Kennedy’s new, free 3-part video series, “The BIG Commodity Slump.” You’ll find the link below the interview. NEW! Online Now — Free 3-Part Video Series:“The […]

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Gold : analysis for June 09, 2015

Overview: Gold has been trading upwards. As we expected, the price tested the level of $1,182.76 in a high volume. In the daily time frame, we can observe a demand bar in an volume below the average (weak demand). I found the strong mid-term trading range between the levels of $1,230.00 and $1,169.00. The pair […]

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Central Banks Predict Gold Market – But Not The Way You Think

Editor’s note: This article was adapted from a new multimedia report, “The New Financial Theory that Could Make the Difference in Your Investing Success,” from Elliott Wave International, the world’s largest financial forecasting firm. Authored by Robert Prechter, the full report demonstrates the failures of the modern investing paradigm and suggests a radically new approach […]

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Binary.com Daily Market Report (9th Jun)

Euro Rallies Despite Greece Troubles Morning Report: 08.30 London • This morning, the dollar remains on the back foot, with corresponding losses in stock market futures this morning. • The euro is the big winner despite a lack of any real progress in Greek debt negotiations. There were large gains for the EUR/GBP yesterday with follow up […]

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Gold technical analysis for June 9, 2015

Gold price bouncef off $1,170 yesterday. Today it is trading at $1,179, which was short-term resistance yesterday. I remain bearish in the long term. The support at $1,130-$1,140 is expected to be tested soon. Black lines – bearish channel Red line – broken support Gold price remains ina bearish trend inside the downward sloping channel. […]

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Technical analysis of Gold for June 09, 2015

Technical outlook and chart setups: Gold is trading around $1,177.00 now after having reached lows at $1,161.00 earlier. The metal is seen to be producing a bullish morning star candlestick pattern on the daily chart, indicating potential reversal from the current levels. It is recommended to remain long for now and look for an opportunity […]

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Technical analysis of Silver for June 09, 2015

Technical outlook and chart setups: Silver have formed potential support, just below the level of $16.00 and bounced off higher for now. Please also note that the metal has formed an engulfing bullish candlestick pattern, indicating a potential reversal. The metal is trading around the level of $16.09 at the moment, preparing to rally towards […]

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Gold : analysis for June 08, 2015

Overview: Gold has been trading sideways around the level of $1,173.00. According to the daily time frame, we can observe a supply bar in an volume below the average (weak supply). I found the strong mid-term trading range between the levels of $1,230.00 and $1,169.00. The price is testing the bottom of our trading range […]

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Technical analysis of Gold for June 08, 2015

Technical outlook and chart setups: Gold is trading around $1,174.00/75.00 now after having formed lows at $1,162.00/63.00 earlier. The metal has found support at fibonacci 0.786 support of a rally between $1,143.00 and $1,232.00. Short-term charts are indicating a potential bounce higher, but bulls need to clear at least the level of $1,95.00 to confirm […]

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Gold technical analysis for June 8, 2015

Gold remains in bearish trend in all time frames. Gold price is below the medium-term resistance level of $1,200. Despite a rising EUR/USD, bulls do not seem able to push prices higher. The rejection signals we got over the last month are not good and show us that gold price is likely to fall below […]

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Technical analysis of Silver for June 08, 2015

Technical outlook and chart setups: Silver is seen to be trading around the levels of $16.10/15 now after printing lows at $15.95/96 earlier. Please note that the support trendline is passing just below the current price action. Furthermore, the metal is bouncing off the fibonacci 0.786 support of the rally between $15.60 and $17.70. It […]

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Binary.com Daily Market Report (5th Jun)

Euro Defies The Headlines Morning Report: 08.30 London • While the majority of headlines lead with the Greek delayed payment, financial markets are telling their own story. Rather than collapsing, the Euro is holding firm and even making gains this morning – A sign that traders are reading between the lines and looking for a positive […]

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Binary.com Daily Market Report (4th Jun)

Aussies Slips Back On Retail Sales Morning Report: 07.00 London • After a post RBA surge, the Australian dollar is slipping back this morning. Aussie retail sales and trade balance data came in well below estimates, forcing the AUD/USD and AUD/JPY to reverse trend.                                                 […]

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