Gold price is sliding lower towards the critical support of $1,190. There are still chances of a bounce towards $1,235 or even $1,250. In order for this scenario to come true, the price will need to break above $1,213. Gold price is below the Ichimoku cloud, but still above the recent low. The green area […]
After the QE launch by the ECB, the yellow metal fell below $,1200.00 and closed below it. Previously, we pointed the trend change. The metal fell below $1,200.00 thrice and managed to close above it. It’s a good sign to recover. The metal made a high at $1,222.00 from a low at $1,190.00. Now this […]
Technical outlook and chart setups: Silver is also testing its recent lows at $16.00 levels before resuming its rally towards $19.00 and $21.00 levels respectively. The metal is also holding the fibonacci 0.618 support of the rally between $14.75 and $18.50 levels for now. Bulls should be poised to remain in control till prices stay […]
Technical outlook and chart setups: Gold is seen to be testing recent lows around $1,196.00/1,120.00 levels as seen on the daily chart view. The metal is preparing for an extended rally towards $1,400.00 levels in the sessions to come. Bulls are poised to remain in control till prices stay above $1,190.00 and subsequently $1,170.00 levels […]
March 5, 2015 – Commodities News Gold Gold reacted to the U.S. ADP Non-farm employment change data by adding almost $10/ounce. However, once investors started to predict possible scenarios for Friday’s Non-farm payrolls report, the price declined and dropped below $1,200/ounce. As written previously, the price of the yellow metal will find it hard to […]
Euro Drops As ECB Approaches Morning Report: 09.00 London • The euro is under focus this morning, with traders nervous ahead of today’s ECB meeting. The meeting is not expected to launch the the new quantitative easing program, but further details are anticipated regarding the launch date. The euro has been selling off through the morning […]
March 4, 2015 – Stock Market News Despite oil’s recovery up above the 50.00 level, and the fairly sustained increase that led it to where it is now, energy stocks continue to suffer from the extended period of lows. With oil starting and remaining as low as it has been in 2015, future prospects for […]
March 4, 2015 – Stock Market News Despite oil’s recovery up above the 50.00 level, and the fairly sustained increase that led it to where it is now, energy stocks continue to suffer from the extended period of lows. General Electric in particular, made $25 billion due to its investment in oil and natural gas […]
Markets Flat After India Rate Cut Morning Report: 06.30 London • This morning, markets are flat as a pancake as traders await today’s ADP non farm employment change. The S&P 500 has nipped back slightly, while the dollar index is unmoved. […]
Gold prices rose on Monday, climbing to a two-week high, boosted by the upbeat report from China as well as the rate cut from the nation’s central bank over the […] The post Gold Advance on Upbeat China Data appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) for April […]
Gold prices plunged to their lowest in seven weeks after Janet Yellen, chair of the Federal Reserve, spoke before Washington lawmakers. While market participants have been following the comments of […] The post Gold Plunges to 7-Week Low After Yellen Statement appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) […]
March 3, 2015 – Commodities News Gold After trading with bullish sentiment for a few days, Gold reversed and shortly dropped below $1,195/ounce. Speculation appears to be starting ahead of the U.S. Non-farm payrolls data and physical demand started to decline. The price would have remained below $1,200/ounce if the Australian RBA changed their interest […]
Aussie Rate Hold Surprise Morning Report: 06.30 London • This morning, the Australian dollar is the big mover after the RBA unexpectedly kept rates on hold. Not only this, building approvals, current account and average earnings all impressed. The AUD/USD is up 0.68%, the NZD/USD up 0.45% and the AUD/JPY up 0.40%. […]
Technical outlook and chart setups: Silver tested $16.0/10 levels for the third time today before pulling back sharply towards $16.40/50 levels again. The metal was expected to drop into $16.20/30 levels after hitting the intermediary resistance trend line passing through $16.70 levels yesterday. Please note that the $16.00 handle still remains intact and recommendations are […]
Technical outlook and chart setups: Gold has dropped towards $1,195.00 levels after hitting intraday highs at $1,223.50 levels yesterday. The metal has still declining in a corrective manner and it is expected to resume rally from current levels to the $1,240.00 and $1,276 levels subsequently. The recent drop towards $1,195.00 levels could be the last […]
A heavy data week dragged the price to the support level from a two-week high. China cut interest rates for the second time in three months. Today traders eye on Yellen’s speech and Carney’s speech, and Yellen’s speech is highly important. Gold prices were trading marginal higher during the Asia session on Tuesday. The parallel […]
Overview : Since our last analysis, gold has been trading upwards. As we expected,the price has tested the level of $1,223.05. We can observe demand in a high volume on the market. According to a H1 time frame, we have good rejection from the level of $1,212.00, which is a sign that selling gold at […]
March 2, 2015 – Commodities News Gold Gold climbed above $1,220/ounce as the Chinese central bank cut their interest rate by 25 basis points. This decision spurred physical demand for the metal which pulled the price up. However, the price could decline very soon as important data will come out from the U.S. market. Pay […]
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Dollar Rallies On China Rate Cut Morning Report: 06.30 London • This morning, the US dollar index is rallying back towards the highs as China cuts rates for the second time in three months. Stock markets are nudging higher across the world. […]
Gold price held the support of $1,200 last week and now is trying once again to break above the weekly resistance at $1,225. The short-term trend has changed to bullish, so this increases the chances of an upward move towards $1,250. Black line = resistance Red line = support Gold price has broken above the […]
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Technical outlook and chart setups: Silver has been testing an intermediary trend line resistance at $16.70/80 levels for now, as depicted on the 4H chart. A bearish reaction here could bring the metal lower towards $16.20/30 levels again before the rally continues. It is recommended to remain long for now and also look to buy […]
Technical outlook and chart setups: Gold has resumed rally as expected last week, and is just about to hit the first estimated target at $1,225.00 levels. As seen here on the 4H chart, the metal is expected to reach $1,245.00/46.00 levels in the coming sessions. It is more clear that $1,190.00 has been formed as […]
China’s demand supported the metal, so it managed to hold the $1,190.00 levels and trade above $1,200.00. Finally, the metal paused its four-week losing streak and gained $10 last week. The weaker US GDP gave enough support to bring back some shines in the price. As we advised earlier, the metal fell below $1,200.00 thrice […]
GOLD: Although a marginal higher close occurred the past week, GOLD continues to retain its broader downside pressure. On the upside, resistance resides at the 1,219.98 level where a break will aim at the 1,230.00 level, its key psycho level. A violation of here will turn attention to the 1,250.00 level followed by the 1,180.00 […]
[…] Gold is still on its upper trend […] Related Posts:Trading Signals for GOLD (XAU/USD) for April 17-19, 2024:… April 17, 2024 Gold is trading around 2,386, within an uptrend channel, and…Trading Signals for Ethereum (ETH/USD) for April 17-19,… April 17, 2024 ETH/USD is trading around 3,046.92, below the 21 SMA, and…USD/JPY: Simple Trading tips […]
Overview : Since our last analysis, gold has been trading sideways around the price of $1,210.00. We can observe demand in a high volume on the market. According to a 30-minute time frame, we got a selling climax and an absorption volume in the background, which is a sign that selling gold at this stage […]
Gold price reached the resistance of $1,220, as expected, and got rejected. The trend remains bearish and the support level of $1,200 will be put to the test. If the price manages to hold above $1,200, we could see another new upward reversal that could bring the price above $1,235. Black line = resistance Red […]
