Technical outlook and chart setups: Silver is looking to push ahead of $16.70/75 levels after bouncing off $16.25 last Friday. Please note that the metal remains buy on dips till prices remain above $15.50 levels. Also note that the metal is forming a potential inverted head and shoulder reversal, with $15.50 being the right shoulder. […]
Technical outlook and chart setups: Gold is seen pushing ahead of $1,225.00 levels for now. The metal reversed from $1,205.00 levels last week and could be poised to rally towards $1,238.00 levels from here. A pullback is due either from current levels or from $1,238.00. It is recommended to remain flat for now and let […]
GOLD: With GOLD closing higher the past week, it looks to resume its corrective recovery in the new week. In such a case, the 1,240.00 level will be targeted where a break will aim at the 1,250.00 level. A break of here will turn attention to the 1,280.00 level followed by the 1,300.00 level. A […]
Overview Based on H4 chart, silver is still stabilizing between support at 16.00 and resistance level of 16.50 after its rebound from the Resistance level of 16.50 yesterday and its failure to break it. If silver continues its bearish move and manages to break the support level of 16.00 which is being tested now, it […]
Overview : Since our last analysis, gold has been trading upwards. As we expected, the price tested the level of 1,218.27 in a high volume. According to the 4H time frame, we can observe that strong demand has entered the market, which is a sign that selling gold at this stage looks risky. I have […]
Markets Calm Before NFP Morning Report: 9.00 London • This morning, markets are calm ahead of this afternoon’s US Non Farm Payrolls. The S&P 500 achieved its target of retrieving the 10 period moving average and seems content to sit until receiving further instructions. […]
Gold price remains inside the trading range of $1,220 and $1,190 forming a sideways contracting triangle. The trend is neutral. Traders should better be patient and wait for a break out. Possible targets are $1,270 or $1,130 depending on the direction of the break. Red lines = sideways wedge In the short-term chart we observe […]
January 9, 2015 – Commodities News Gold Gold is ranging between $1,204/ounce and $1,216/ounce. The price remained high as Oil is trading below $50/barrel. However, further gains are limited as the dollar remains strong. Today, traders should watch the U.S. labour data which will be released at 1.30PM (GMT). If the data comes out strong, […]
Technical outlook and chart setups: Silver has paused its rally around $16.40/50 levels as seen here. A drop at least towards $16.00 or $15.90 levels is expected before the rally resumes. Please note that $16.00 was resistance earlier, which could act as support now, if prices manage to reach there. It is recommended to remain […]
Technical outlook and chart setups: A daily chart view has been depicted here again for a larger view of wave structures. Gold had bounced off the support from $1,170.00 levels and reached $1,220.00/23.00 levels before pulling back. At the moment, the metal can be seen testing a dropping resistance trendline. A bullish bounce from current […]
Overview As shown on the today’s H4 chart, the metal is stabilizing below the Resistance level of 16.50 after its failure to break the Support area today. Currently, we should wait for closing below the Support level of 16.00 and closing below to get the bearish move opportunity. In that case, we will get a […]
Overview : Since our last analysis, gold has been trading downwards. The price tested the level of 1,204.57 in a volume below the average According to the 4H time frame, we can observe weak supply in a volume below the average, which is a sign that selling gold at this stage looks risky. I have […]
Gold may be forming a bullish flag with a possible target of $1,270. The short-term trend is sideways while gold trades between $1,220 and $1,200. The medium-term trend is neutral as gold price is forming a big sideways triangle. The long-term trend remains bearish. Blue line = flag pole Red lines = flag In the […]
January 8, 2015 – Commodities News Gold As expected, Gold declined and reached a low of $1,205/ounce during the Asian session. Although the metal benefits from financial instability in Greece and from plummeting oil prices, the U.S market is strengthening and the Dollar is climbing. Consequently, we expect the downwards trend to continue. Traders should […]
Dollar Pushes On Morning Report: 9.00 London • Risk appetite continues to increase on stock markets, with the 100 day moving average acting as support again for the S&P 500. […]
Technical outlook and chart setups: Silver might be looking to dip toward $16.00 and $15.80/80 levels again before rallying further up. It is therefore recommended to book profits on long positions taken earlier and wait for lower levels to enter long again. Immediate support is seen at $16.00 levels, followed by $15.90, $15.50 and lower […]
Technical outlook and chart setups: Gold seems to be preparing to correct deeper into $1,200.00 and subsequently $1,185.00 levels for now. It is therefore recommended to book partial or full profits on long positions taken earlier and wait for correction to finish before entering again. Immediate support is seen at $1,200.00 followed by $1,189.00, $1,170.00 […]
GOLD: With GOLD continuing to hold on to its recovery tone, more strength could follow. In such a case, the 1,235.00 level will be targeted where a break will aim at the 1,250.00 level. A break will target the 1,280.00 level followed by the 1,300.00 level. A cut through here will extend gains towards the […]
Overview : Since our last analysis, gold has been trading sideways around the price of 1,214.00. According to the 4H time frame, we can observe demand in an ultra-high volume (buying climax) in the background, which is a sign that buying gold at this stage looks risky. Our Fibonacci retracement 61.8% at the price of […]
Gold price is in a short-term uptrend confirmed after breaking above $1,200-$1,205 resistance. The triangle scenario I posted in my analysis yesterday is the most probable outcome if gold manages to hold above $1,200. Red line = resistance Blue line = support The blue short-term support trendline is broken. Price has moved below the Ichimoku […]
Gold Gold prices declined on Wednesday after climbing for three days as the market await the minutes from the Federal Open Market Committee last meeting, which may shed some light […] The post Gold and Copper Declines Before Fed Minutes appeared first on | HY Markets Official blog. Related Posts:Weekly forecast based on simplified wave […]
Markets Recover Poise Morning Report: 8.00 London • This morning, financial markets look set for their first positive session in five, though gains are slight so far. […]
Technical outlook and chart setups: Gold inched higher towards $1,223.00 levels as expected, before pulling back lower today. The metal is testing a resistance trendline at current levels, as seen on the daily chart here. At the moment, bulls are under control and it is recommended to hold long positions taken earlier. The metal could […]
Technical outlook and chart setups: Silver clearly remains in the buy zone of the downtrend line resistance as seen here on the daily chart view. The metal is trading at $16.40 levels for now, after printing intraday highs at $16.75 levels. Please note that the metal is heading north as long as $15.50 and $14.50 […]
Chinese stocks recovered from recent losses with the CSI 300 reaching a five-year high as gold producers and brokerages surged to overshadow loss in the energy shares. The CSI 300 added 0.2% at the trading break. The Shanghai Composite Index rose by less than 0.1%. China’s benchmark index has already advanced a total of 64% […]
January 6 2015 – Indices News U.S markets dropped, suffering their largest losses seen in 3 months. The selloff was triggered by crude oil prices as they fell through $50/barrel. Concerns also mounted as the Euro declined on political developments in Greece and monetary stimulus expectations. The S&P 500 lost 1.83%, its largest daily loss […]
January 6, 2015 – Commodities News Gold Gold is climbing and has already added $30/ounce. The metal is benefitting as a safe haven asset as the Euro has dropped and Crude Oil is testing $50/barrel. Based on the market we can infer that many investors believe that Greece will leave the Euro-zone if the left […]
Yen Leading For 2nd Day Running Morning Report: 8.00 London • While the dollar is making all the headlines right now, it’s the yen that has been the power currency so far this week as traders switch to a more defensive posture. The yen is up 0.49% against the US dollar and extending gains against other […]
The Japanese yen escalated for a second day versus the US dollar following a slump in oil ignited declines in stocks worldwide, bolstering demand for the country’s haven assets. Yesterday, crude oil dropped 5% and dell below $50 for the first time since April 2009. But the currency climbed to an eight-week peak against the […]
The Canadian dollar reached its weakest in 5 ½ years against the US dollar as the plunge in crude oil ignited speculation Canada’s growth would lag behind that of its largest trading partner. The loonie wiped out losses following trading patterns implied it tumbled too much, too fast. But the currency climbed against most other […]
