March 30, 2015 – Commodities News Gold On Friday, Gold returned below $1,200/ounce as tension in Yemen disappeared. The downwards movement was also supported by Janet Yellen’s speech. Even though her comments were not hawkish, she supported hiking rates this year. Overall it seems more likely that the hike will occur in September. The price […]
Gold price remains in a short-term bearish trend after the bearish reversal from $1,220. Gold price has broken short-term support and is heading towards $1,180-75, which might be the last chance for a bounce towards $1,250. If important weekly support at $1,130 gets broken, we should expect the price to move towards $1,000 or even […]
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March 27, 2015 – Commodities News Gold On Thursday, Gold peaked at a 3-week high and bounced off $1,220/ounce. However, as the U.S. dollar started to strengthen the jump was erased and the price dropped back to $1,200/ounce. Tension in the Middle East was short-term and as we warned, the price immediately declined. Today, the […]
Gold price continues its upward move above $1,200 towards the weekly resistance of $1,215 by the kijun-sen. Gold price has given us a buy signal and a trend-changing signal since it broke above the Ichimoku cloud at $1,180 and the bounce target was the area of $1,200-$1,220. My longer-term view remains bearish and, I believe, […]
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March 26, 2015 – Commodities News Gold On Wednesday, Gold tested its resistance level at $1,200/ounce before losing momentum and reversing down. However, the weaker dollar pulled the price up and as the European session started, the price broke through its resistance level and climbed to $1,203.50/ounce. In addition to the depreciating dollar, Gold has […]
Technical outlook and chart setups: Silver was pushed through $17.12/17 yesterday before pulling back. The metal has produced a doji candlestick pattern, indicating a potential change in the direction. Prices are expected to retrace lower into the area around $16.00 before resuming the rally. It is recommended to remain flat for now and look for […]
The yellow metal extended its 6-day winning streak, making higher lows and higher highs. The FOMC meeting filled the downbeat yellow metal with life. The metal is trading at a 2-week high. The metal took parallel support at $1,185.00 twice and changeв its direction. The metal took support twice at $1,185.00 at the yesterday’s session. […]
Overview : Since our last analysis, gold has been trading upwards. As we expected, the price has tested the level of $1,196.03 in an average volume. According to the 4H timeframe, the price broke the lower channel. That is a sign of bullish strength. Gold changed its trend’s dynamic from bearish to bullish. So, be […]
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March 25, 2015 – Commodities News Gold On Tuesday, Gold slightly increased for a fifth day and reached $1,195/ounce. The cause of the movement remained the same; the weaker dollar. The market has shifted expectations for when the Fed will increase interest rates to September and it is hard to change this opinion despite some […]
Gold price is trading below $1,200 and I believe we have completed a 5-wave upward sequence and we should soon see a pullback towards $1,175 at least. A short-term trend remains bullish but we should note we are in a bigger upward bounce inside the still bearish longer-term trend. Gold price has been trading above […]
Technical outlook and chart setups: Silver might be preparing to drop lower towards $16.00 before resuming rally. It is recommended to remain flat for now and look for buying at lower levels again. The metal has taken out initial resistance at $16.89 earlier and is expected to drop lower before pushing towards $17.50 and $18.00 […]
The yellow metal extended its 5-day winning streak yesterday. The FOMC meeting filled the downbeat yellow metal with life. The metal is trading at a 2-week high. After China’s tepid PMI data, the metal was pushed to $1,185.60. The metal took the parallel support at $1,185.00 changing its direction. The metal took support twice at […]
Technical outlook and chart setups: Gold is seen to be preparing to drop lower towards at least $1,175.00 if not further. The metal can bounce back from the level of $1,175.00 or $1,160.00 and resume moving towards $1,220.00/23.00. It is recommended to remain flat for now and look for an enter at lower levels on […]
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Gold price remains inside the upward sloping channel and is making higher highs and higher lows in the short term. The short-term trend is bullish as the price has broken both the trendline resistance from $1,260 and the Ichimoku cloud. We could see a bounce in Gold price towards $1,210-20 before the next downward move. […]
March 24, 2015 – Commodities News Gold On Monday, Gold slightly increased as the dollar continued to depreciate. The metal is expected to continue upwards as the market continues to push the Dollar down based on changed expectations for the timing of the interest rate hike. However, traders should note that the U.S stocks market […]
Overview : Since our last analysis, gold has been trading upwards. As we expected, the price has tested the level of $1,191.54 in an average volume. According to the 4H timeframe, we can observe that the price broke the lower channel which is a sign of bullish strength. Gold changed its trend’s dynamic from bearish […]
Although crude oil trading prices dipped significantly in 2014, this year could see the value for this commodity slide even further. In addition to greatly pleasing consumers, this development could […] The post Experts Suggest Oil Prices Could Hit $35 by June appeared first on | HY Markets Official blog. Related Posts:EUR/USD. April 12th. ECB […]
The FOMC meeting filled the downbeat yellow metal with life. The metal is trading at a 2-week high. At yesterday’s session, the metal managed to close above 2Dsma. Nothing changed in terms of fundamental and technical outlook for gold. Only the US dollar is losing its strength. Vice Chairman Stanley Fischer at the Economic Club […]
Technical outlook and chart setups: Silver has been already pushed higher than the initial resistance and made another spike at the level of $17.10 before pulling back. A pullback could be due towards $16.00 at least before the rally could resume. It is recommended to take profits from long positions taken earlier and remain flat […]
Technical outlook and chart setups: Gold is trading at the level of $1,187.00 for now, right at the trendline resistance. Furthermore, a bearish evening star candlestick pattern has appeared as well. A bearish reaction could drag the metal lower. It is recommended to take profits on long positions taken earlier and remain flat for now. […]
Crude prices were seen falling lower on Monday after comments made by Saudi Arabia’s oil minister as the US dollar weakens. Prices for the North American West Texas Intermediate (WTI) […] The post Oil Falls on Saudi Comments & Weaker Dollar appeared first on | HY Markets Official blog. Related Posts:The dollar has not reached […]
March 23, 2015 – Commodities News Gold On Friday, Gold reached its highest price since March 6 and increased to $1,187/ounce. Traders sold off their previous positions placed when they had expected the Fed to increase interest rates in June. However, as speculation shifted to September, the price of the yellow metal gained once again. […]
On Friday, Gold price broke above the Ichimoku cloud and trend line resistance was signaling that a bigger upward bounce could be expected over the new few days. Gold price has potential to reach $1,200-$1,220 as a corrective bounce. Huge weekly support is seen at $1,130. In case it gets broken, the price is likely […]
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Technical outlook and chart setups: Silver has pushed through initial resistance at $1,188.00/90.00 as seen here. The metal is expected to take a dip lower before continuing its uptrend towards sub $18.00 as depicted here. Bulls are poised to remain in control untill prices remain above the level of $15.30. Immediate support is seen at […]
Technical outlook and chart setups: Gold had formed the bottom at the level of $1,143.00 and pushed higher through the level of $1,187.00 since then. The metal is expected to pullback lower before resuming towards $1,220.00. A push above the level of $1,190.00 could break the resistance line and open doors for higher levels as […]
