Technical outlook and chart setups: Silver is seen to be trading around the level of $16.67 for now and is still expected to drop lower towards $16.00 before resuming rally. Please note that the metal is still in a counter trend and could remain well supported around $16.00 bouncing off sharply. Aggressive trade setup is […]
Technical outlook and chart setups: Gold might be forming a counter trend structure here and needs to drop towards the level of $1,160.00 before resuming rally. Please note that the drop could just be a quick one before bulls are back in control. Area of interest is around the back side of the resistance line […]
Overview : Since our last analysis, gold has been trading downwards. The price has tested the level of $1,194.86 in a high volume. According to the daily time frame, we can observe weak demand in a volume below the average. It caused the price to start with downward movement. The price rejected from our Fibonacci […]
April 2, 2015 – Commodities News Crude Oil Yesterday, Crude Oil added around $3/barrel. The jump was caused by inventory data from the U.S. Traders reacted to signs that production in the U.S is reaching a peak as data showed production slowed for the first time since January. Today, the price dropped slightly as investors […]
Technical outlook and chart setups: Silver is trading at the levels of $16.83 for now and could be preparing to drop lower from here before rallying further. It is recommended to initiate short positions at the current levels ($16.80/85) with risk at $17.40. The metal had bounced earlier from the levels of $16.45 and pushed […]
Technical outlook and chart setups: Gold is seen to be trading at the levels of $1,204.00 for now, after hitting $1,209.00 earlier. The metal is expected to pull back lower from the current levels before the rally resumes. It is recommended to take profits from the long positions initiated earlier. Now aggressive trade setup is […]
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Gold price has reached the 61.8% retracement of the decline from $1,220 to $1,178. This is an important resistance level for a possible reversal. Breaking above $1,215 gold price could continue moving towards $1,250. Support at $1,178 is critical now. If it gets broken, we get a sell signal with thefirst target at $1,130. Gold […]
The US jobs data and ISM manufacturing PMI disappointed markets again. We forecasted that yesterday. The metal found support from 20Dsma and ran towards the crucial resistance zone. The last upswing helped the metal hit a high of $1,219.30, rejected at 50Dsma. Now, the same moving average falls to $1,211.50. In case the metal closes […]
Commodity and currency markets typically waver a modest amount due to a number of different factors, regularly seeing online trading values move up or down with the release of new […] The post US Jobs Report Sees Gold Prices Rise & Dollar Slide appeared first on | HY Markets Official blog. Related Posts:The euro hardly […]
As international negotiations continue, and it seems more likely that the U.S. and Iran could reach an agreement regarding nuclear power, oil prices have been fluctuating substantially as of late. […] The post Oil Prices Drop Again As Nuclear Talks Continue appeared first on | HY Markets Official blog. Related Posts:Analysis of GBP/USD. April 15th. […]
Overview : Since our last analysis, gold has been trading downwards. As we expected, the price has tested the level of $1,203.37 in a high volume. Accoridng to the daily time frame, we can observe demand in an average volume. I found strong resistance level at the price of $1,209.00 to $1,218.00. If the price […]
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Gold price has bounced off support at $1,180 but the bounce is not as strong as bulls would like. The price remains inside the Ichimoku cloud implying the short-term trend has changed from bearish to neutral but not to bullish. Gold price remains in a longer-term bearish trend. Red line = support broken When the […]
April 1, 2015 – Commodities News Gold Gold tested its support level at $1,178/ounce but then slightly corrected upwards despite low volatility. The price should remain under pressure as the U.S ADP Nonfarm Payroll data will be released today. This data should provide insight to Friday’s data. Traders should still focus on the nuclear deal […]
Technical outlook and chart setups: Silver is trading at the level of $16.68 after bouncing off Fibonacci 0.382 support earlier. The metal could resume rally from the current levels or after a drop lower towards the level of $16.00. It is recommended to initiate long positions between $16.40/$16.00 with risk at $15.00 respectively. There is […]
Technical outlook and chart setups: Gold is seen to be trading at $1,187.00 after bouncing off $1,180.00. Please note that the metal has bounced off the Fibonacci 0.50 support level as well. It is recommended to initiate 50% long positions at the current price and to remain at $1,170.00 respectively, with risk at $1,150.00. Bulls […]
Gold extended its losses for 3 consecutive days. At yesterday’s session, the metal found support at 20Dsma, $1,175.50. Parallel resistance is seen at $1,190.40. At the Asian session, the metal made a high of $1,188.20. Intraday support is seen at $1,181.00 and weekly support is likely to be found at $1,175.00. At yesterday’s session, the […]
Overview : Since our last analysis, gold has been trading downwards. As we expected, the price has tested the level of $1,178.30 in a high volume. Accoridng to the daily time frame, we can observe supply in a volume below the average (weak supply). I have placed Fiobonacci retracement to find potential support levels. I […]
Technical outlook and chart setups: Gold has been retracing since hitting highs at $1,220.00 last week. The metal has reached Fibonacci 0.50 support levels at $1,180.00 and a drop lower would move prices to the level of $1,172.00 which is Fibonacci 0.618 support as well. Please note that trend-line resistance turned support is also seen […]
Technical outlook and chart setups: Silver correction continues and it has reached the level of $16.45, which is Fibonacci 0.382 support, before pulling back. The metal could still drift lower towards $16.00 around the Fibonacci 0.618 levels as depicted here. It is recommended to initiate long positions around the level of $16.00 with risk below […]
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March 31, 2015 – Commodities News Gold Gold tested $1,180/ounce earlier this morning. The price has been under pressure due to the stronger dollar which gained on the back of positive speculation ahead of Friday’s Non-farm payrolls report. Tension in the Middle East has also declined as investors expect a nuclear deal with Iran today. […]
Gold price continued its downward move towards short-term support at $1,180-75 as expected. Now, it is testing the short-term support levels and bulls need to step in if they want to push the price back above $1,200. The longer-term trend remains bearish and the weekly chart makes me favor the bearish scenario towards $1,130 and […]
Yellow metal slipped from 2-week highs and is trading below $1,200.00 mark after the Yellen’s testimony. Chair Janet Yellen said she expects the Federal Reserve to raise interest rates this year. That subsequent increase will be gradual without following a predictable path. “I expect that conditions may warrant an increase in the federal funds rate […]
For those interested in crude oil trading, the market’s current climate could provide ample opportunity, as both commodities and currencies have been fluctuating lately. Friday, March 20 saw the price for […] The post Oil Prices Improve Against Dropping Dollar appeared first on | HY Markets Official blog. Related Posts:The dollar has not reached its potential […]
Overview : Since our last analysis, gold has been trading downwards. As we expected, the price has tested the level of $1,182.19 in a high volume. Accoridng to the daily time frame we can observe supply in an volume below the average.The price rejected from our major Fibonacci retracement 38.2% ($1,205.00). According to the 4H […]
Technical outlook and chart setups: Silver continues to drop lower for now and should be supported around $16.00 levels which is fibonacci 0.618 of the entire rally from $15.30 to $17.40 levels respectively. Immediate support is seen at $16.68 levels followed by $15.80, $15.30, and lower while resistance is seen at $17.50/60 followed by $18.50/60 […]
Technical outlook and chart setups: Gold is expected to retrace lower untill $1,170.00/72.00 from here. Please note that Fibonacci 0.618 is also passing through the same levels and a bullish bounce could be expected from there. It is recommended to remain flat for now and look to buy lower. Immediate support is seen at $1,172.00 […]
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