Gold price remains in a bearish trend from $1,250 and is also giving longer-term bearish signals and that more weakness should be expected. The weekly chart according to the Ichimoku cloud indicators has given a second sign of weakness with price closing below the kijun-sen. Red line = resistance Blue line = support Green lines […]
GOLD: Outlook for GOLD continues to point lower leaving risk of further downside pressure on the cards. On the downside, support comes in at the 1,180 level where a break will aim at the 1,160.00 level. Below here if seen could trigger further downside towards the 1,140.00 level where a break will aim at the […]
Canadian stocks dropped after the profit earnings report of Goldcorp. Inc. resulted in a decline. Goldcorp Inc. plummeted to its biggest decline in more than three months as the falling price of oil dragged energy shares. The Standard & Poor’s/TSX Composite Index shed 0.2% or 32.42 points to 15,180.33 in Toronto. It is the lowest […]
February 20, 2015 – Stock Market news Oil prices mostly recovered from the sudden drop brought about by the reports of surprisingly high oil reserves the US, coming to rest above the 51.500 level it had been at before the surplus was announced. Oil producers have risen back up on the news, though they have […]
February 20, 2015 – Commodities News Gold Gold climbed above $1,220/ounce due to news that Germany refused the request from Greece to extend their loan. Demand for safe-haven assets picked up just as the Germen chancellor, Merkel, spoke with Trispas to find an agreement. In the end, Germany agreed to continue negotiations on Friday. The price […]
Markets Slide Sideways Morning Report: 8.15 London • This morning, equity markets continue to slide sideways despite the ongoing disagreements over Greece and conflict in Ukraine. The S&P 500 is still within Tuesday’s range, while the dollar index remains below the 14 day moving average. […]
February 19, 2015 – Commodities News The Nikkei continued its upwards trend during today’s session, rising by 0.4% by the end of the session. The latest business plan of Sony Corp. aiming at increasing its growth, along with other Japanese stocks being on the rise, has contributed to the Nikkei’s performance, which reached the value […]
Overview : Since our last analysis gold has been trading upwards. As we expected, the price has tested the level of 1,221.07 in a high volume. According to the H4 time frame, we can observe rejection from our Fibonacci retracement at the price of 1,200.00. We are still waiting for larger activity on the market. […]
Crude extended losses on Thursday, with the US benchmark West Texas Intermediate trading below the $52 level amid concerns over the global crude supply glut could worsen. Crude futures for […] The post Oil Extend Losses Before EIA Stockpiles Report appeared first on | HY Markets Official blog. Related Posts:Euro, sterling extend weakness April 16, […]
February 19, 2015 – Commodities News The price of the gold was pushed below $1,200/ounce just before Fed released its FOMC Meeting Minutes report. Recent rumors that some FOMC members would lift the interest rates in June spurred speculations over hawkish statements in the report. However, the actual reading was more dovish. The price recovered […]
Gold price has reached my target of $1,200 and marginally broke below that level but has found support, as expected, and is now turning higher. The medium-term trend remains bearish, but there is a good chance gold price makes a considerable upward move from the current levels. Blue line = support Black line = resistance […]
2015-02-17 Euro Rallies On ECB Support Morning Report: 8.15 London • This morning, the euro is rallying after the ECB pledged support yesterday for Greek banks to help prop up the capital outflows since the start of the year. Capital controls are now being suggested, a move that does not exactly have universal support. […]
Technical outlook and chart setups: Silver has bounced off as expected ahead of $16.00/20 levels yesterday. The metal is seen to be trading comfortably above $16.50, and looks to be poised to push through extensions at $19.90 and $20.80 respectively in the sessions to come. As depicted here, the metal has bounced off the trend […]
Technical outlook and chart setups: Gold has bounced off from $1,197.00/98.00 levels as expected. The metal has taken support of a confluence of convergences as depicted here. To start with, the metal has taken support of the rising trend line passing through at $1,197.00 levels. Furthermore, the fibonacci convergences 0.618 and 0.786 of the previous […]
The yellow metal prices bounced from a 6-week low after the Federal Reserve’s dovish statement. They are not in a hurry to raise the benchmark interest rate. In addition, the economic data in US was also disappointing. China is heading into a holiday period ahead of the Lunar New year. Before this holiday period, physical […]
Overview On today’s H4 chart, the metal is still trading between the support level of 16.30 and the resistance level of 16.50 after it has failed to break the resistance level yesterday and bounced from it to take a slightly downward move. Currently, it is approaching the resistance level of 16.50 again. Presently, we suggest […]
Technical outlook and chart setups: Silver has dropped to the levels of $16.30 as seen here, and is expected to be supported ahead of levels of $16.00. The metal still remains in an uptrend until prices stay above the levels of $16.00 and subsequently above $15.50. It is recommended to remain long for now and […]
Technical outlook and chart setups: Gold has dropped lower towards the levels of $1,205.00, slightly more than it was expected. The metal still remains structurally in an uptrend until prices remain above the levels of $1,170.00. It is still recommended to remain long and look to add further at the current levels with risk at […]
Overview : Since our last analysis gold has been trading downwards. The price has tested the level of 1,202.32 in a volume below the average. According to the H4 time frame, we can test our Fibonacci retracement 61.8% at the price of 1,198.00 got almost tested. We are still waiting for larger activity on the […]
February 18, 2015 – Commodities News The price of the gold fell and broke through its support as the American session started. There are two reasons behind this drop. First, there are rumors going around that Greece will request the extension of their loan which expires in the end of February despite the fact that […]
If that headline sounds like something you might hear from a used car salesman you’re not far from right. The company we’re talking about has been bruised and battered like a tired old car in a dealer’s lot. Yet unlike the typical used car, this one might be worth a test drive as it has […]
2015-02-17 Markets Hold Highs Despite Ukraine Unrest Morning Report: 8.15 London • This morning, the S&P 500 is holding at record highs despite the Ukraine peace agreement crumbling and Greece facing yet another crucial deadline. […]
Gold price made a strong downward reversal yesterday and broke our short-term support at $1,216. We expected gold price to move towards $1,200 once this support was broken and this is exactly what happened. Gold price stopped the decline just above $1,200. Now prices bounce, but this bounce is weak and I cannot rule out […]
The yellow metal extended its losses at yesterday’s session. The metal broke below $1,216.00, which triggered panic selling from the technical view. China is heading into a holiday period ahead of the Lunar New year. Before this holiday period, physical buying is also moderate. We recommended selling at $1,229.00 with the targets at $1,207.00, $1,204.00, […]
Overview According to our yesterday’s expectations, the price’s close below the support level of 17.00 would give new opportunities for sell signals. Currently, the metal has already managed to close below the support level to trade below and open the way towards 16.50 as the first target. Then, the metal must test the support level […]
Overview : Since our last analysis gold has been trading downwards. The price has tested the level of 1,218.65 in an average volume. According to the H4 time frame, we can test our submajor Fibonacci retracement 61.8% at the price of 1,220.00. We are still waiting for larger activity on the market. Major resistance level […]
Technical outlook and chart setups: Silver is retesting lows created at the levels of $16.50 earlier, before resuming rally. Besides, note that the back side of the counter trend line (resistance turned support) is also passing near-by ($16.60/70). The metal is expected to bounce ahead of $16.50 and further resume its uptrend towards $19.50 and […]
Technical outlook and chart setups: Gold has retested the lows at $1,220.00 today and is setting up for a rally for now. The metal is holding the Fibonacci 0.618 support for now and bulls are poised to retain control untill prices remain above the levels of $1,215.00. Immediate support is seen at $1,205.00 followed by […]
February 17, 2015 – Commodities News On Monday, the price of the yellow metal increased almost to its resistance level at $1,239/ounce, however reversed and by now the price dropped to $1,226/ounce. The price of gold hurt stronger dollar which slightly recovered after last week loses. However, the price has been supported by physical demand […]
GOLD: With GOLD seen selling off on Tuesday, further downside pressure is now envisaged. On the downside, support comes in at the 1,216.00 level where a break will aim at the 1,200.00 level. Below here if seen could trigger further downside towards the 1,180.00 level where a break will aim at the 1,160.00 level. Its […]
