Technical outlook and chart setups: Silver has rallied through the $16.90 levels as expected, before pulling back. The metal is facing a trend line resistance at $16.80/90 levels as seen here, and a push higher is required to instill further confidence in the bullish setup. It is still recommended to remain long with risk at […]
Technical outlook and chart setups: Gold had raised through $1,220.00 levels as expected and discussed before pulling back again. The metal remained shy of taking out $1,225.00 resistance yesterday, but is still expected to do so today. A 4H snapshot depicted here clearly indicates that the metal has broken out of immediate trend line resistance […]
The metal gained momentum after the dovish testimony by Yellen. The metal hit one-week high at yesterday’s intraday session. The metal managed well to hold $1,190.00 twice, but was rejected at $1,222.60, the parallel resistance. The metal fell below $1,200.00 thrice and managed to close above it. It’s a good sign to recover. Yellen suggests […]
Markets React To Summer US Hike Morning Report: 06.30 London • The dollar index rapidly regained the 14 day moving average yesterday after economic data supported the view that US rates would be going up in the summer. The dollar has backed off a little this morning, but the impact of the move still remains across […]
Overview : Since our last analysis gold has been trading upwards. As we expected, the price has tested the level of 1,219.18 in a volume above the average. We can observe successful rejection from our Fibonacci retracement 61.8% at the price of 1,200.00 and it caused price to start with upward movement. My advice is […]
GOLD: With GOLD recovering strongly on Thursday, further strength is envisaged in the days ahead. On further upside, resistance resides at the 1,230.00 level where a break will aim at the 1,250.00 level, its key psycho level. A break of here will turn attention to the 1,280.00 level followed by the 1,300.00 level. A cut […]
Oil prices declined on Thursday as crude inventories in the US climbed higher than forecasted. Futures for the North American West Texas Intermediate (WTI) slid 0.73% to $50.62 per barrel […] The post Oil Declines Amid Rising US Crude Stockpiles appeared first on | HY Markets Official blog. Related Posts:Weekly Forex Outlook: 12/01/2024 – China […]
February 26, 2015 – Commodities News Gold Yesterday, Gold increased to $1,210/ounce as the Chinese market re-opened after holidays and physical demand picked up. The price of the yellow metal benefited from Janet Yellen’s testimony which was less hawkish than expected. Yellen stated that ”an increase is not likely for at least the next couple […]
Is The Dollar Trend Turning? Morning Report: 09.00 London • This morning, the dollar index has continued to slip below the 14 day moving average, hinting at a trend change and a halt to the dollar’s near relentless rally. […]
Gold price is bouncing towards $1,220. The medium-term trend remains bearish as the price is below $1,233 and below the Ichimoku cloud resistance. I believe it is more probable to see a push towards $1,220 and a downward reversal from that level. Critical support is at $1,200. Black line = resistance Red line = support […]
Technical outlook and chart setups: Silver remains bullish, after bouncing off the fibonacci 0.618 support at $16.10 levels as depicted here. Bulls seem to have taken control for now with an immediate short-term target being at $17.50. It is highly recommended to remain long for now and consider buying more during intraday dips, with risk […]
Technical outlook and chart setups: Gold had been in a range between $1,205.00/10.00 levels yesterday but is looking to break above $1,210.00 for now. The metal needs to break above $1,225.00 and subsequently $1,237.00 levels to confirm reversal and accelerate higher. Furthermore, please note that the metal has produced a tweezer bottom signal around $1,190.00 […]
Overview : Since our last analysis gold has been trading upwards. As we expected, the price has tested the level of 1,211.71 in an average volume. We can observe successful rejection from our Fibonacci retracement 61.8% at the price of 1,200.00. Our Fibonacci retracement 61.8% at the price of 1,200.00 is critical for gold and […]
Gold prices bounced back from the lowest level in seven weeks on Wednesday as traders weighed on the outlook for US interest rates after Fed Chairwoman’s comments on the US […] The post Gold Rebounds on Yellen Speech & China Data appeared first on | HY Markets Official blog. Related Posts:Outlook for EUR/USD on April […]
February 25, 2015 – Commodities News Gold Gold rallied upwards as the Asian session started and China re-opened after a week-long holiday. The price has so far climbed to $1,212/ounce. Today, traders should pay attention to a second testimony from Janet Yellen. Her comments were taken as dovish yesterday but it could change today and […]
Technical outlook and chart setups: Silver has bounced off the fibonacci 0.618 support of the rally between $14.65 and $18.50 levels, at $16.10 levels as depicted here. The metal is expected to hold $16.10 levels support and resume rally towards $20.00 and $20.84 respectively. It is highly recommended to remain long for now and also […]
Renewed China Hopes Lift Aussie Morning Report: 8.15 London • Markets rose last night on the twin reassurance of a steady Janet Yellen testimony and the passing of the Greek debt plans by the Troika. The S&P 500 rose to fresh new highs, but the dollar sank on the prospect of a rate hike coming slightly […]
At yesterday’s session, the metal fell to $1,190.50, but managed to close above $1,200.00. The metal fell below $1,200.00 thrice and managed to close above it. It’s a good sign. Yellen suggests the first rate hike may not happen before the second half of the year. The US consumer confidence index declined in February after […]
Overview : Since our last analysis gold has been trading sideways around the price of 1,200.00. The price has tested the level of 1,190.63 in an ultra high volume (selling climax) and after that we saw reaction from buyers. We are still waiting for larger activity on the market. Our Fibonacci retracement 61.8% at the […]
February 24, 2015 – Commodities News Gold Yesterday, Gold fell below $1,200/ounce as investors dumped safe-haven assets and transferred their investments to riskier assets. However, as the Dollar weakened, the price recovered to its current level of $1200/ounce. The Chinese market will remain closed until Wednesday so physical demand is on the downside. Today, traders […]
Gold price remains in bearish trend and is approaching an important longer-term support at $1,180. The weekly rejection at $1,300 puts bears in control of the trend and increase the chances of seeing gold price at new lows below $1,130 as long as we trade below $1,300. Gold price remains below the Ichimoku cloud on […]
Technical outlook and chart setups: Silver bounced back from $16.05/10 yesterday and rallied through the levels of $16.60. The metal is trading at the levels of $16.30 for now, it is likely to push higher towards $16.80. Please, note that the metal has taken support at the Fibonacci 0.786 levels of the rally between $15.50 […]
Greece Waiting For Approval Morning Report: 8.15 London • This morning, we’ve yet another important deadline ahead for Greece with the Eurogroup meeting to approve the interim reform program. As well as this we have the MPC inflation report hearings, ECB president Draghi speaking and an all important testimony from Fed chair Yellen. It’s a day […]
Technical outlook and chart setups: Gold had dipped lower into the levels of $1,190.00 (this would still be considered as a test of the previous lows) yesterday before bouncing back sharply. The metal has produced an engulfing bullish candlestick pattern as seen on the H4 chart view here. Please, note that the structural uptrend remains […]
The yellow metal is hovering at a seven-week low at $1,200.00. Today, Greece has to submit a list of reforms to the Euro group. Gold is likely to remain under pressure. On Tuesday and Wednesday, the Federal Reserve Chair Yellen’s speech is due. Investors focus is shifted to the Fed stance about the interest rate […]
February 23, 2015 – Commodities News Gold On Friday, Gold fell back towards $1,200/ounce as the safe-haven asset weakened following the extended Greek bailout. The bearish sentiment continued on Monday and the price dipped to $1,188/ounce. The price of the yellow metal is not being supported by physical demand as the Chinese market will remain […]
Gold prices declined on Monday, falling to a seven-week low after Greece struck a four-month deal with EU finance ministers over Greek’s loan, reducing demand for the yellow metal as […] The post Gold Declines Before Greece Deadline & Yellen Speech appeared first on | HY Markets Official blog. Related Posts:Why is gold defying gravity? […]
Overview : Since our last analysis gold has been trading downwards. The price has tested the level of 1,190.63 in an ultra high volume (selling climax). According to the 30M time frame, we can observe supply in an ultra high volume (selling climax) in the background, which is a sign that selling gold at this […]
Markets Retreat Despite Greek Relief Morning Report: 8.15 London • This morning, financial markets are retreating back from the highs despite the weekend’s deal on Greece. Many are concerned that the deal did little more than the bare minimum required to tide things over until the next deadline. Stock markets are peeling back slightly from record […]
The yellow metal prices again pushed back to lower levels, but managed to hold a six-week low of $1197.30. After Greece got a four-month bailout extension, the metal dipped to a six-week low. Today, Greece has to provide a list of reform measures to the eurozone. Gold is likely to remain under pressure. On Tuesday […]
