2015-02-17 Euro Holds Despite Latest Greek Impasse Morning Report: 8.15 London • This morning, the euro has barely moved overnight following the breakdown in the latest round of eurogroup meetings. The acrimony is largely expected it seems, with markets anticipating this sort of posturing and brinkmanship prior to a deal being made. In all likelihood […]
Gold price has reversed lower after a weak bounce towards $1,237. The trend remains bearish. Next target is $1,200 if the low at $1,216 is broken. Bulls need to break above the yesterday’s highs in order to expect a bounce to $1,250-60. Black line = resistance Blue line = support Gold price has broken the […]
The strong US dollar pushed the metal prices down. After the soft US economic data, the US dollar weakened a bit. The yellow takes advantage of the weaker dollar holding its ground. The prices are slowly drifting towards resistance levels. On the hourly chart, the prices are making higher lows and higher highs pattern. But […]
Overview : Since our last analysis gold has been trading upwards. As we expected, the price tested the level of 1,236.51 in a volume below the average. According to the H4 time frame, we can see reaction from buyers and test the resistance level at the price of 1,216.00-1,218.00. We are facing very low volatility […]
Gold prices were seen climbing on Monday, as the greenback weakened and finance ministers from the Eurozone prepare to resume talks in Brussels over Greece’s debt crises. Gold for immediate […] The post Gold Extend Gains Before Eurogroup Meeting appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) for April […]
Technical outlook and chart setups: Silver bounced off from the Fibonacci 0.618 levels at $16.50/55 last week. The metal has since then raised through the levels of $17.40. It looks like the metal has resumed its uptrend and is poised to rally towards the levels of $18.90, $19.50 and $21.00, respectively. It is highly recommended […]
Technical outlook and chart setups: Gold seems to have finally bottomed out at the levels of $1,215.00/16.00 on the previous Thursday. The metal has bounced off the Fibonacci 0.618 support of the rally between the levels of $1,170.00 and $1,307.00 and could have started off it uptrend towards the levels $1,340.00 at least. It is […]
February 16, 2015 – Commodities News Hot Asset For Today: Gold On Friday, the price of the yellow metal increased above $1,230/ounce mainly due to weaker dollar. The price of gold should be influenced by today’s negotiations, which takes place in Brussel. Greece will try to get a deal that will keep Greece solvent. In […]
Gold price has held the support levels of $1,216 and 61.8% retracement and is bouncing higher. The short-term trend remains bearish as long as the price is below $1,250. This means that a push below $1,200 is still not out of the question. Black trend line = resistance The downward sloping trend line is resistance […]
Euro Steady Ahead Of Eurogroup Meetings Morning Report: 8.15 London • This morning, the S&P 500 is nipping back after breaking to record highs on Friday’s close. At the same time, the dollar index is slipping back below the 14 day moving average for the third day in a row. […]
The metal lost 0.70% in the previous week. Ahead of China’s new year on February 19th, good buying is seen in China. During the previous week, the weaker US dollar helped the metal to hold the crucial support levels at $1,217.00. If a daily close is below $1,217.00, bears can challenge $1,207.00, $1,204.00, and $1,199.00. […]
GOLD: GOLD may have closed marginally lower the past week but it continues to hold on to its broader downside pressure medium term. 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 […]
GOLD: Bearish, Remains Vulnerable GOLD: GOLD may have closed marginally lower the past week but it continues to hold on to its broader downside pressure medium term. 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 […]
Technical outlook and chart setups: Silver has retested its support at the levels $16.60/65 before bouncing back higher towards the levels of $17.06. The metal is trading at the levels of $16.90 for now and is expected to resume rally any moment. Besides, note that the trend line support is still intact and the Fibonacci […]
Overview According to the current H4 chart, silver is still stabilizing above the support level of 16.75 and could not break it. Currently, it is bouncing from it towards the resistance level of 17.00. So, we still suggest waiting for closing above the resistance level in case of bouncing from the support level to provide […]
Technical outlook and chart setups: Gold is holding its major support at Fibonacci 0.618 ($1,220.00/21.00) for now. Besides, please note that the metal is around the resistance turned support region at $1,220.00/23.00. A bullish morning star candle stick pattern remains highly probable at the moment indicating a potential uptrend/rally from current levels. Immediate support is […]
Gold price is mostly moving sideways near its trend lows after topping at $1,307. The price has reached the 61.8% retracement support and for now it trades around this level. Short-term trend is bearish. If gold price fails to hold above $1,216, we should expect a push towards $1,200. Black lines = resistance Gold price […]
Euro Rallies On Greece Progress Morning Report: 8.15 London • This morning, there are signs of a compromise for the two major risk factors troubling markets this week. A cease fire has been arranged in Ukraine, while there are positive noises coming from the Greek negotiations. In both cases, there is a healthy amount of scepticism, […]
Oil prices moved sharply lower on Tuesday, Feb. 10, as global market participants responded to the latest concerns about supply-demand fundamentals. Fluctuating Oil Prices March brent contracts fell to as […] The post Oil Prices Plunge amid Inventory Concerns appeared first on | HY Markets Official blog. Related Posts:Technical Analysis – EURGBP maintains bearish bias […]
The weaker US dollar helped the metal hold the crucial support levels at 1217.00. The yellow metal initially took advantage of the weaker dollar and moved to buying at $1232.60 at the end of the day. The metal spiked after Sweden announced rate cuts below zero and a bond-buying program. The Riksbank lowered its benchmark […]
Overview Today’s H4 chart shows that the metal is still trading between the support level of 16.75 and below the resistance level of 17.00 after its failure to break the resistance level yesterday to continue the upward trend. Today, silver has bounced from the resistance level to take a slightly downward move and trade below […]
Overview : Since our last analysis gold has been trading downwards. As we expected, the price tested the level of 1,216.59. According to the H4 time frame, we can see reaction from buyers and test the resistance level at the price of 1,228.00-1,230.00. According to the daily time frame, we have supply in a volume […]
The weaker dollar boosted the yellow metal on Thursday as the demand for gold declined for a third year on the fall in purchases from China. Gold futures climbed 0.78% […] The post Gold Climbs on Weaker Dollar Amid Drop In Demand appeared first on | HY Markets Official blog. Related Posts:Will US retail sales […]
February 12, 2015 – Commodities News Gold On Wednesday, Gold slightly decreased and touched $1,220/ounce. Recent talks between the Greece Finance Minister, Yanis Varoufakis, and euro-zone finance ministers calmed the market. However, no deal was made and this could cause the metal to climb again. On Wednesday, peace talks also started over the conflict in Ukraine. Today, […]
Gold price has broken the bearish flag and has reached my minimum target of $1,220. Gold price is now trying to back test the break down area and there are increased chances of rejection and another push lower towards $1,200. Black line = resistance Green lines = bearish flag The bearish flag was broken downwards. […]
Aussie Heads Down Under On Employment Miss Morning Report: 8.30 London • This morning, financial markets are on the back foot despite rumours of a compromise in the Ukraine/ Russia conflict. The US dollar is challenging the previous highs as the euro remains under pressure. […]
The yellow metal again ended lower at the previous session due to the strong US dollar. The core retail sales and unemployment claims are due. Any positive readings will ignite selling pressure again. In the recent days, the yellow metal lost its momentum affected by the strong US economic data and uncertainty in Greece. At […]
Technical outlook and chart setups: Silver has remained unchanged while Gold hit lows yesterday, as seen here. The metal is holding fibonacci 0.618 support level very well at $16.50. It is expected to resume rally any time now, towards $18.90 and $21.00 at the sessions to come. It is recommended to remain long for now […]
Technical outlook and chart setups: Gold has dropped down to $1,220.00/21.00 levels as it was expected yesterday. The metal is bouncing off higher, forming a morning star candlestick pattern on the 4H chart as seen here, indicating a potential reversal. Also please note that Gold has held fibonacci 0.618 support at $1,220.00 levels as expected. […]
CRUDE OIL: With price extension seen on Wednesday, further downside pressure is likely. On the downside, support lies at the 48.00 level where a break will expose the 47.00 level. A break will aim at the 46.00 level and then the 45.00 level. A turn below here will open the door for a run at […]
