Gold technical analysis for March 12, 2015

Gold price tried to make an early bounce towards $1,165, but was rejected. The price remains inside the downward sloping channel. The short-term trend remains bearish. The longer-term trend also remains bearish as an important weekly top was formed at $1,303. We are probably inside a new downward move that will bring gold price to […]

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Technical analysis of Gold for March 12, 2015

Technical outlook and chart setups: Gold had tested previous lows at $1,146.00/47.00 levels yesterday before pulling back as seen here. The yellow metal is trading at $1,153.00 at the moment, just below the fibonacci 0.786 support at the level of $1,168.00. The metal is still testing a back side of the resistance trend line, which […]

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Technical analysis of Silver for March 12, 2015

Technical outlook and chart setups: Silver has dropped lower into the $15.25 area, taking our stops out at $15.50 yesterday before puling back. Please note that the metal is still supported by fibonacci 0.786 around $15.46 as depicted here. It is still recommended to initiate fresh long positions with risk at $14.40. A bullish reversal […]

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Gold analysis for March 11, 2015

Overview : Since our last analysis, gold has been trading downwards. The price has tested the level of $1,149.76 in a high volume. I have placed Fibonacci expansion to find potential support levels and have got Fibonacci expansion 100% at the price of $1,150.22 and Fibonacci expansion 161.8% at $1,137.80. My advice is to watch […]

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Gold Rebounds from 3-Month Low Amid Rate Hike Bets

Gold prices were seen hitting a three-month low on Wednesday as the greenback strengthened. Gold prices for immediate delivery climbed 0.3 higher to $1,165.33 an ounce, according to Bloomberg generic […] The post Gold Rebounds from 3-Month Low Amid Rate Hike Bets appeared first on | HY Markets Official blog. Related Posts:Dollar, Indices, Gold: Ahead […]

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Binary.com Daily Market Report (11th Mar)

QE & Rate Hike Fears Spook Markets Morning Report: 09.00 London • This morning, stock markets are staging a tentative counter rally after heavy selling yesterday. This sell off has been sparked by the impact of the ECB’s QE program and fears over the rapidity of a US rate hike.             […]

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Gold Traders Focused on the Fed

March 11, 2015 – Commodities News Gold Gold reached a low of $1,155/ounce but then slightly corrected upwards to its current level of $1,163/ounce. The price has been falling as the market is speculating over a possible interest rate increase. This speculation may continue until the actual FOMC meeting which will take place next Tuesday […]

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Gold technical analysis for March 11, 2015

Gold price remains inside the short-term downward sloping channel. A short-term trend remains bearish with a possible target at $1,140. A move towards $1,200 is possible only if price breaks above $1,175. Orange lines = downward sloping channel Gold price remains below the Ichimoku cloud and inside the bearish price channel. Resistance is found at […]

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Technical analysis of Gold for March 11, 2015

GOLD The stronger US dollar pushed the yellow metal’s prices down to a 4-month low. After Friday’s US jobs data, the yellow metal fell 2.5% and is still extending its lows. The US dollar is going on its upswing towards the 100 mark. Every day, hopes are reinforcing that US Federal Reserve will lift interest […]

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Technical analysis of Silver for March 11, 2015

Technical outlook and chart setups: Silver dropped lower towards $15.60 level yesterday and remained shy by just a few cents off the support at $15.50 level. The metal might form a higher low now, and could be preparing to resume its uptrend soon. Please note that the fibonacci 0.786 support of the rally between sub […]

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Technical analysis of Silver for March 11, 2015

Technical outlook and chart setups: Silver dropped lower towards $15.60 level yesterday and remained shy by just a few cents off the support at $15.50 level. The metal might form a higher low now and is likely to be preparing to resume its uptrend soon. Please note that the fibonacci 0.786 support of the rally […]

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Technical analysis of Gold for March 11, 2015

Technical outlook and chart setups: Yesterday, Gold made a low at the level of $1,155.00 before pulling back sharply towards the level of $1,170.00. The metal has produced a doji on the daily chart as seen here and this indicates a potential reversal of the current price trend. Please note that the yellow metal is […]

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Daily analysis of Silver for March 10, 2015

Overview According to the today’s H4 chart, the metal has failed to break the support level of 15.70 to bounce again from it and to trade between the support level and below the resistance level of 16.00. Currently, the metal is approaching the resistance level of 16.00; therefore, we should wait for closing above to […]

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Gold analysis for March 10, 2015

Overview : Since our last analysis, gold has been trading upwards. The price has tested the level of $1,170.31 in a high volume. The price rejected from the support level of $1,167.00. According to the M5 time frame, we can observe weak supply around the price of $1,164.00, which may cuase the price to retest […]

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Crude Hit $50 Level as US Shale Oil Output Growth Slows

Crude prices were seen trading slightly higher on Tuesday as the US dollar continues to strengthen. Meanwhile, US shale output is forecasted to a record-low. The North American West Texas […] The post Crude Hit $50 Level as US Shale Oil Output Growth Slows appeared first on | HY Markets Official blog. Related Posts:Oil prices […]

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Binary.com Daily Market Report (10th Mar)

Dollar Rally Back On Track Morning Report: 09.00 London • After a brief counter rally yesterday, markets are once again dancing to the dollar’s tune with the dollar index riding high this morning and the S&P 500 caught by some follow on selling.                             […]

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Gold technical analysis for March 10, 2015

Gold price made a new lower low and is trending lower. This bearish trend is strong as bulls are very weak to push the price back above $1,200. Bulls only managed to push the price towards $1,175, but bears took over once again. Orange lines = bearish channel Gold price is inside a downward sloping […]

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Gold Dropped Below $1,160/Ounce

March 9, 2015 – Commodities News Gold Gold continued its downwards trend and shortly fell below $1,160/ounce. As written previously, traders are taking caution before placing trades on the yellow metal. Speculation that the Fed might decide to increase the interest rate soon is pushing the price lower and lower. Without geopolitical tension, traders should […]

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Technical analysis of Gold for March 10, 2015

Nothing has changed on gold technicals. The stronger US data pushed the yellow metal’s prices down to a 2-month low. After Friday’s US jobs data, the yellow metal fell 2.5%. After the QE launch by the ECB, the yellow metal fell below $1,200.00 and closed below it. The metal inched up ahead of the Eurogroup […]

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Technical analysis of Gold for March 10, 2015

Technical outlook and chart setups: Gold is dropping below the level of $1,160.00 for now and could possibly test the $1,145.00 level before turning bullish again. The metal is trading lower than expected and is penetrating below the resistance turned support trend line. A quick bullish turn around would be required to ensure that the […]

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Daily analysis of Silver for March 09, 2015

Overview According to the today’s H4 chart, the metal has failed to break the support level of 15.70 to bounce again from it and trades between this support level and below the resistance level of 16.00. Currently, the metal is most likely retesting the resistance level of 16.00 again; therefore, we should wait for closing […]

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Gold analysis for March 09, 2015

Overview : Since our last analysis, gold has been trading downwards. The price has tested the level of $1,163.63 in an ultra high volume (selling climax), according to the daily time frame. Our major Fibonacci retracement 61.8% at the price of $1,197.00 got broken. The price rejected from the support level of $1,167.00. According to […]

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Binary.com Daily Market Report (9th Mar)

Dollar Pairs Rebound After NFP Upset Morning Report: 09.00 London • This morning, the dollar pairs are recovering some of the ground lost on Friday after a strong US Non Farm Payrolls sent markets sliding. The prospect of an early rate hike saw most dollar pairs plunge in Friday, including gold while the US dollar index […]

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Gold wave analysis for March 9, 2015

It is very possible that gold price have completed 5 waves down from $1,307 and we should not be surprised to see a strong bounce towards $1,216 at least. The longer-term trend remains bearish. The short-term is showing the signs of a bullish reversal but only as a part of a corrective wave before the […]

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Technical analysis of Silver for March 09, 2015

Technical outlook and chart setups: Silver dropped lower into $15.75 levels last Friday, breaking interim support at $16.00. The metal has been holding major support at $15.50 levels for now, which is encouraging for bulls. It is still recommended to remain long with risk at $15.50 levels. Please note that prices are stalling within the […]

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Technical analysis of Gold for March 09, 2015

Technical outlook and chart setups: Gold had dropped to $1,163.00 levels last week, taking our stops out at $1,170.00 levels. The metal has hit the back side of resistance trend line which should now act as support, as depicted here on the daily chart view. Longs are still preferred against $1,130.00 lows from current price […]

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Technical analysis of Gold for March 09, 2015

Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported Friday. The stronger US data punched the yellow metal prices to a 2-month low. After the QE launch by the ECB, the yellow metal fell below $1,200.00 and closed below […]

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Gold analysis for March 06, 2015

Overview : Since our last analysis, gold has been trading sideways around the price of $1,196.00. Our major Fibonacci retracement 61.8% at the price of $1,197.00 is on the test again. According to the H1 time frame, we can observe support (cluster) around the price of $1,197.00 (potential accumulation phase). My advice is to watch […]

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Binary.com Daily Market Report (6th Mar)

Markets Eye Payroll Dip Morning Report: 09.00 London • If yesterday was all about the ECB, today is all about the US Non Farm Payrolls jobs report. Analysts are expecting a gain of +240k, down on last months, but as ever it is the deviations from this expected amount that are key rather than the actual […]

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Gold Down as European Outlook Upgraded

March 6, 2015 – Commodities News Gold Gold climbed above $1,209/ounce but then corrected back below $1,200/ounce. There were two reasons for the downwards correction. Firstly, the European Central bank released a new economic outlook and upgraded the forecast, damping demand for safe-haven assets. Secondly, the dollar strengthened as the euro dropped on the back […]

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