Oil prices were little changed on Monday amid the ongoing conflict in Yemen, raising concerns that the crises may affect the crude deliveries from the nation. Prices for the North […] The post Oil Halts Amid Yemen Escalated Conflict appeared first on | HY Markets Official blog. Related Posts:Weekly Forex Outlook: 12/01/2024 – China GDP […]
Overview: Since our last analysis, gold has been trading downwards. The price tested the level of $1,175.07. According to the daily time frame, we can observe a supply in a ultra high volume (selling climax), which is a sign that selling at this stage looks risky. I had placed Fibonacci retracement to find potential support […]
Gold price had broken the triangle pattern and pushed below $1,180 on Friday producing a new sell signal. Now, the price is testing the breakdown area. As long as the price is below $1,200, bears are in control with $1,130-40 as 1st target area. Blue lines = triangle pattern Gold price has broken the lower […]
Technical outlook and chart setups: Gold dropped lower to $1,175.00 on Friday before pulling back higher. The metal is seen to be trading around $1,182.00/83.00 for now. The hourly chart view has been depicted here, indicating interim support at $1,175.00 and lower, while resistance is seen at $1,198.00 followed by $1,204.00/08.00 and higher up respectively. […]
Technical outlook and chart setups: Silver had dropped to the level of $15.60 on Friday but it recovered to $15.85 as seen here. The metal produced a bullish morning star pattern on the 4-hour chart view indicating a potential rally ahead. It is hence recommended to remain long with risk below $15.30. Bulls might be […]
Overview: Since our last analysis, gold has been trading sideways around the level of $1,193.00. According to the daily time frame, we can observe a demand in a volume above the average. I had placed Fibonacci retracement to find potential resistance levels and got Fibonacci retracement 61.8% at $1,208.00 (held few times). I had placed […]
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April 24, 2015 – Commodities News Gold After erasing more than $20/ounce, Gold recovered and climbed to a high of $1,198/ounce. However, once it reached this level, the metal lost momentum and dropped back down to $1,192/ounce. The price remains under pressure despite disappointing U.S data. Losses can be attributed to the U.S stock market […]
Technical outlook and chart setups: Silver remains unchanged from yesterday and is trading around $15.88. The metal has bounced off the fibonacci 0.786 around $15.70, which is also past resistance turned support. It is still recommended to hold long positions with risk at $15.30. Immediate support is seen at the level of $15.30 and lower […]
Technical outlook and chart setups: Gold is still trading within the range defined earlier. The upport zone is around $1,180.00/83.00 while the resistance zone is around $1,205.00/07.00. The metal is seen to be tradingaround the level of $1,195.00 but it needs to confirm a break above $1,207.00 at least to rally further. On the flip […]
Gold price was pushed up towards $1,195 as we had expected. It seems that the sideways movement is forming a triangle pattern. Traders should wait for a confirmed breakout above or below the triangle boundaries before taking any action. Blue lines= triangle pattern Gold price is still below the Ichimoku cloud in the 4-hour chart […]
CRUDE Crude oil prices jumped at yesterday’s session. US official said on Thursday Iranian ships are moving northeast away from Yemen. According to US official, Iran ships will be evacuated from the northeast Yemen, the release of “the promising signal”. The Iran Oil minister Bijan Namdar wants to cut OPEC production by 5%, 30mn b/d. […]
Crude prices were seen trading in the red territory on Thursday, following the release of the US stockpiles report as the conflict in Yemen escalates. Prices for the North American […] The post Oil Declines Amid Yemen Ongoing Crises appeared first on | HY Markets Official blog. Related Posts:Weekly Forex Outlook: 12/01/2024 – China GDP […]
April, 23 – Commodities News Yesterday, the price of Gold returned dipped below $1,190/ounce after previously increasing to $1,205/ounce. The price of yellow metal reacted on very strong U.S. housing data which came out yesterday and pointed on the highest sales since 2013. Housing market seems to be on a solid recovery which increased the […]
Overview: Since our last analysis, gold has been trading downwards. The price tested the level of $1,184.14 in a high volume. According to the daily time frame, we can observe a supply in a volume above the average. I had placed Fibonacci retracement to find potential resistance levels and got Fibonacci retracement 61.8% at $1,208.00 […]
Technical outlook and chart setups: Gold gold dropped back to its support zone around $1,180.00/83.00 yesterday. The metal is seen to be trading at $1,186.00 for now and is looking for an opportunity to rally towards $1,205.00/08.00, which are the resistance zone for now. It is recommended to remain long with risk at $1,170.00. In […]
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Technical outlook and chart setups: Silver is trading lower around the level of $15.80 after printing a shallow low at $15.70 yesterday. The pair is trading at a past resistance turned support region around $15.60/80 but a bullish reversal candlestick patter should appear here to confirm that the bottom is in place. It is still […]
Gold price has broken the short-term trend-line support and has given a weak sell signal. The price remains above the support level at $1,180 but below the short-term resistance at $1,210. A long-term view remains bearish targeting $1,000-$900. Blue line = resistance @ $1,210 Red line = support @ $1,180 Green line= trend line support […]
Gold futures dropped on Wednesday, with the gold market fluctuating around the $1,200 level since late March as traders raise concerns over the mixed geopolitical tension weighing on the demand […] The post Gold Hovers Around $1,200 Amid Greece Debt Talks appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) […]
Overview: Since our last analysis, gold has been trading sideways around the price of $1,200.00. According to the daily time frame, we can observe demand in a volume below the average. I placed Fibonacci retracement to find potential resistance levels and got Fibonacci retracement 61.8% at $1,208.00 (held few times). I placed Fibonacci expansion to […]
April 22, 2015 – Commodities News Gold Yesterday, Gold returned above $1,200/ounce on the back of the weaker U.S. dollar. The price was recently under pressure in reaction to speculation regarding when the U.S interest rate will be hiked. Today, we should pay attention to U.S. quarterly reports. If the reports are strong and pull […]
Gold price continues to trade within the larger trading range since late March. The price continues to move back and forth around the Ichimoku cloud. This confirms that the current trend is neutral and it is preferred to stay neutral as there is no clear direction in this market. Red line = support Green line= […]
Technical outlook and chart setups: Silver is trading above the level of $16.09 again and it is expected to resume its rally soon. The metal had bounced off $15.80 on Monday and formed a bullish reversal. The follow through has been good until now and a push above the level of $16.20 is likely to […]
Technical outlook and chart setups: Gold is seen to be trading around $1,200.00 now and it is expected to resume its rally towards higher highs soon. The metal trades within the cone formation at the moment and a push above $1,210.00 would be extremely encouraging for bulls. It is recommended to remain long with stop […]
The yellow metal closed above 20 & 50Dsma at yesterday’s session. The metal price has been consolidating in a tight range between $1,212.00 and $1,188.00. Gold holdings of SPDR gold trust gave an uptick towards 3.29 tons on Tuesday showed an increase by 0.45% to 742.35 tons. In India, Akshaya Tritiya demand for physical gold […]
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Overview: Since our last analysis, gold has been trading sideways around the price of $1,200.00. According to the daily time frame, we can observe supply in a volume above the average. I placed Fibonacci retracement to find potential resistance levels and got Fibonacci retracement 61.8% at $1,208.00 (held few times). I placed Fibonacci expansion to […]
April 21, 2015 – Commodities News Crude Oil WTI Crude Oil is trading around $57.6/barrel as traders worry that geopolitical tension in the Middle East could affect supplies. In addition, worries over a supply gut are diminishing as it is now believed that production may be reaching a peak and could start to decline. Genscape […]
Oil prices declined on Tuesday before the release of the US weekly crude inventories report. Prices for the North American West Texas Intermediate (WTI) crude went down 0.27% to $56.23 […] The post Oil Falls on Comments From Saudi Arabia appeared first on | HY Markets Official blog. Related Posts:EUR/USD. Analysis for April 12th. The […]
