Technical outlook and chart setups: Silver touched initial extension at $18.30/40 levels yesterday before pulling back. The metal could still push higher towards $18.90 from current levels ($18.00/05), or after pulling back towards $17.30 at least. It has been confirmed now that bulls are firmly in control and the metal is pushing higher, forming an […]
Technical outlook and chart setups: Gold touched $1,305.00 levels yesterday before pulling back. The metal could be under way to produce a meaningful retracement towards at least $1,250.00 levels. It is the Fibonacci 0.382 support of the rally from $1,170.00 to $1,305.00 levels as depicted here. Please, note that the metal is out in the […]
Draghi’s Day of Reckoning Morning Report: 8.30 London • Markets are relatively quiet today as we reach Mario Draghi’s day of reckoning. He is expected to announce the size and details of the ECB’s bond buying program around 1.30 PM today and little will matter until the plan is released. Markets are expecting the ECB to […]
Gold price has made a pullback yesterday, as expected. Price made a short-term top at least and pulls back below the first short-term support of $1,290. The pullback could even reach $1,260. The medium-term trend remains bullish with $1,330 possible target. Black lines = price channel The upward sloping channel, as shown on the 4-hour […]
January 22, 2015 – Commodities News During the Wednesday’s trading hours, the price of Gold rose above $1,305/ounce but reversed and by now the price declined below $1,290/ounce. The reason behind this bearish movement came from stock market as we wrote before. U.S. stocks increased yesterday by more than 1% and therefore cut the demand […]
GOLD The yellow metal fell after the US data and ahead of ECB meeting it is trading with a bearish bias. Today, the metal opened on a bearish note at $1,293.10. The ECB is expected to initiate its QE program at today’s meeting. Two euroarea central bank’s officials said the ECB has recommended asset purchases […]
Overview : Since our last analysis gold has been trading upwards. As we expected, the price has tested the level of 1,304.50 in a high volume. Our Fibonacci retracement 61.8% at the price of 1,292.00 got broken. So, we may expect testing the level of 1,344.00 (swing high like resistance). According to the H4 time […]
Technical outlook and chart setups: Silver has made yet another intraday high at $18.30 levels today before pulling back lower. The metal is seen trading at $18.10/15 levels for now and is seen to be forming a potential top formation on the H4 chart shown here. The metal has hit a lowest expected Fibonacci extension […]
Technical outlook and chart setups: Gold has hit yet another intraday high at $1,303.00/04.00 levels before pulling back. The metal is seen to be trading at $1,296.00 levels at the moment and has formed a potential tweezer top candlestick pattern on the 4H chart depicted here. The minimum Fibonacci extension has been met at $1,300.00/05.00 […]
GOLD: Outlook for GOLD continues to remain higher having rallied during Tuesday trading session and following through during Wednesday trading session. However, beware of a corrective pullback as price hesitation could be setting in. Resistance resides at the 1,300 level where a break will aim at the 1,320.00 level. A break of here will turn […]
Gold prices rose past a five-month high on Wednesday, approaching $1,300 an ounce as signs of slowdown in the global economy in Europe boosted demand for the metal as a […] The post Gold Prices Tops $1,300 Ahead ECB Meeting appeared first on | HY Markets Official blog. Related Posts:Trading Signals for GOLD (XAU/USD) for […]
January 21, 2015 – Commodities News During the Tuesday’s trading hours, the price of Gold rose towards the $1,300/ounce but the main impulse came in the night when the dollar weakened. The yellow metal climbed to $1,303/ounce – the 5-month high – as the appeal for safe haven asset support the movement up. Mitsui Precious […]
Yen Rebuilds As BOJ Keep Steady Morning Report: 8.30 London • This morning, the Japanese yen is the big mover after the Bank of Japan kept their policy unchanged, but did downgrade inflation expectations. The upshot is a near complete reversal of yesterday’s gains, with the USD/JPY down 0.88%. Other yen pairs are following suit, but […]
Gold price has broken above $1,300 and has closed above the 61.8% retracement resistance of the decline from $1,393. This resistance is important and as long as we hold above $1,300, momentum will be in favor of bulls. We could see a minor pullback towards $1,290 today to backtest broken resistance but overall trend is […]
“All that glitters is gold” was one of the most common headlines for Gold back in 2011-2012 as the metal was heading towards its all-time high. Since then, however, Gold hasn’t exactly been glittering, nor has it been shining or even twinkling. Simply put, the last two years have been brutal for the metal. With […]
Technical outlook and chart setups: Silver pushed further high to $18.00 levels today before pulling back. The metal has taken initial resistance already at $17.80 levels as discussed yesterday and hence a pullback can materialize. Hence it is recommended to book either full at least partial profits now ($17.80). Immediate support is seen at $16.75 […]
January 20, 2015 – Commodities News Yesterday, the price of gold ranged in a narrow channel between $1,272/ounce and $1,282/ounce. We can see, the price has remained high as fears over the global outlook loomed. Yesterday in the evening, International Money Fund decided to further downgrade the economic outlook which is a second time in […]
Technical outlook and chart setups: Gold inched towards $,294.00 levels today before pulling back. Please, note that the metal is breaking out of the sloping resistance line at the moment. A complete bullish candle today would confirm the trend line break and continue pushing the metal higher towards $1,300.00/05.00 levels and higher. Immediate support is […]
Overview : Since our last analysis gold has been trading upwards. As we expected, the price has tested the level of 1,293.93 in a high volume. I have placed Fibonacci retracement to find potential resistance levels and got Fibonacci retracement 61.8% at the price of 1,292.00 (currently on the test). According to the H4 time […]
Dollar Getting Back On Track Morning Report: 8.30 London • This morning, the US dollar index is continuing to get its trend back on track, pushing yen pairs higher and limiting gains on the dollar pairs. Meanwhile, the S&P 500 is rising after a blip on Friday. […]
Gold price moved mainly sideways yesterday and did not push lower than $1,272. Today Gold price has made another breakout to new highs moving closer to our longer-term targets. Trend remains bullish. Short-term weakness will be signaled if we break yesterday’s lows. Green line = horizontal trend line support The Ichimoku cloud is below the […]
Oil prices rose sharply on Friday, Jan. 16, climbing after the Organization of the Petroleum Exporting Countries cut its 2015 global demand prediction and the International Energy Agency lowered its […] The post Oil Prices Climb amid Latest Supply-demand Developments appeared first on | HY Markets Official blog. Related Posts:Fed faces dilemma amid sticky inflation […]
Technical outlook and chart setups: Silver pushed through the initial resistance at the $17.80/82 levels on Friday. The metal is unfolding into a potential inverted head and shoulder reversal as it has been discussed earlier. The metal could retrace lower through $16.75/$17.00 levels again, before rallying higher towards $18.20/30 and $19.20 levels respectively. It is […]
Technical outlook and chart setups: Gold has raised through the $1,282.00 levels as seen here, and is testing the sloping trend line resistance at the moment. Also the initial Fibonacci extension has been met at the $1,279.00 levels, hence a pullback could be expected. It is recommended to remain flat for now and watch for […]
Overview : Since our last analysis gold has been trading upwards. As we expected, the price has tested the level of 1,281.30 in a high volume. Our Fibonacci expansion 161.8% at the price of 1,265.00 got broken, so we may expect testing the level of 1,292.00. According to the H4 time frame, we can observe […]
January 19, 2015 – Commodities News On Friday, the price of gold again jumped up to new 4-month high. The price went as high as $1,280/ounce as the safe-haven demand picked up. As long as the uncertainty in the market remains. Some traders believes that the price might go even higher. However, we should be […]
Quiet After The Storm Morning Report: 8.30 London • This morning, markets are relatively quiet after the shock move from the Swiss National Bank Last week. Stock markets futures are unchanged after a strong showing on Friday, while the dollar index is holding around the highs. […]
Gold price has managed to reach $1,280 and is showing signs of weakness at the start of this week. A pullback towards $1,260-65 is justified as price is close to important channel resistance. Blue lines = price channel Gold price remains inside the short-term upward sloping channel that started at $1,160. The price channel shows […]
The Australian dollar held its momentum above 82 US cents because of rising gold and copper prices. On Monday, the Aussie closed at 82.32 US cents from Friday’s 82.34 US cents. During the morning, the currency traded between 82.17 US cents and 82.38 US cents. “The Australian dollar is consolidating gains made on last week’s […]
January 16, 2015 – Commodities News Yesterday, the price of gold peaked up to $1,266/ounce and despite the small price correction, the yellow metal remained high. The jump in the demand for the safe-haven assets started once the Swiss Bank abandoned the cap between the Frank and Euro. The current chaotic conditions were reflected by […]
