January 5, 2015 – Commodities News Gold Gold increased from Friday’s low of $1,167/ounce and moved towards $1,200/ounce. The price was boosted by physical demand as it picked up in China. Traders should be careful, however, as the metal could drop back down as the U.S Dollar strengthened last week. We do not expect the […]
Euro Hits Nine Year Low Morning Report: 9.00 London • In the early hours of this morning, the euro hit a nine year low, while at the same time, the dollar index rose to a nine year high. The two are of course inexorably linked and a significant part of the dollar’s dominance in 2014 can […]
GOLD: Despite its almost flat close the past week, GOLD continues to face corrective recovery threats. On the downside, support stands at the 1,167.00 level where a break will aim at the 1,150.00 level. Below here if seen could trigger further downside towards the 1,130.00 level where a break will aim at the 1,100.00 level. […]
Overview The H4 chart demonstrates today that silver still cannot break the support level of 15.50 and is currently trading above it and below the resistance level of 16.00, so we should wait for the mid-day closing. If the metal manages to close 4H below it, there might be a good opportunity to sell until […]
Technical outlook and chart setups: Silver re-tests its support region around $15.50/80 levels as depicted on the daily chart view here. Please note that the resistance turned support trend line and fibonacci 0.618 support is also being tested around the same levels. It is recommended to remain long and also look to add further long […]
Technical outlook and chart setups: Gold has again dropped into the support region of $1,170.00 as seen on the daily chart depicted here. Please note that a counter trend line (support) is being tested at the moment. Also note that a fibonacci convergence is seen around $1,166.00/70.00 price levels. A bullish bounce here is expected, […]
Overview : Since our last analysis, gold has been trading downward. The price tested the level of 1,181.06. According to the 14 time frame, we can observe supply in an ultra high volume (selling climax), which is a sign that selling gold at this stage looks risky. My advice is to watch for potential buying […]
Markets Start 2015 On Front Foot Morning Report: 9.00 London • After a soft end to 2014, stock markets are set to recover their poise and launch 2015 on the front foot. The S&P 500 futures are pointing to a positive session on the day, albeit from the disadvantage of a gap lower. […]
Gold price is testing the important support at $1,180 once again. The rejection at the resistance of the 61.8% retracement was an important bearish signal and I continue to lean on the bearish side looking for a test of $1,130 at least. Gold price has moved back towards the lower boundaries of the ichimoku cloud […]
Technical outlook and chart setups: Silver has remained in a trading range between $15.50 and $16.30 levels since mid December 2014. Please note that the metal has been bouncing off the fibonacci 0.618 support around $15.50 levels and it is expected to hold this support well. Immediate support is seen at $15.50 levels, followed by […]
Technical outlook and chart setups: A 4H chart view for Gold has been depicted here. The metal bounced off the fibonacci 0.618 support around $1,160.00/70.00 levels last week and has been holding it untill now. Bulls should remain in control, till prices remain above $1,170.00 levels for now. In terms of price, the immediate support […]
Crude prices declined further on Wednesday as oil heads for the biggest annual decline since 2008 amid weak demand. Futures for the North American West Texas Intermediate (WTI) for February […] The post Oil Heads For Biggest Annual Loss Since 2008 appeared first on | HY Markets Official blog.
December 31, 2014 – Commodities News Gold Yesterday, Gold sharply increased and climbed above $1,200/ounce. The climb was caused by the depreciating Dollar which fell as traders locked in profit at the end of the year. The momentum was short lived, however, and the price dropped back down to its current level of $1,198/ounce. The […]
Overview : Since our last analysis, gold has been trading sideways around the price of 1,197.00. We are waiting for larger volume and stronger price action. According to the H4 time frame, we can observe supply in a volume below the average. My advice is to watch for potential buying opportunities near the lows. According […]
Markets Recover Poise For New Year Morning Report: 9.00 London • This morning, financial markets have recovered some of their intent in what is likely to be a slight day’s trading across the world. The last trading day of the year is currently making good some of yesterday’s losses, with the yen pairs nudging higher after […]
Gold price has held its support on Tuesday and made a big upward spike towards $1,210. This puts the short-term trend back into bulls’ hands, but bears, I believe, have not said their final word. Gold price, although, it made a break above the short-term resistance trend line, has pulled back inside the bearish Ichimoku […]
Oil prices wavered on Tuesday, Dec. 30, before the U.S. Energy Information Administration was scheduled to release its storage figures for the prior week. Markets await inventory figures The American […] The post Oil Prices Fluctuate Before Inventory Data appeared first on | HY Markets Official blog. Related Posts:Outlook for GBP/USD on April 16. Pound […]
Overview : Since our last analysis, gold has been trading upward. As we expected, the price tested the level of 1,210.57. Our Fibonacci retracement 61.8% at the price of 1.181.00 has been held successfully what caused price to start with an upward movement. According to the H4 time frame, we can observe demand in an […]
December 30, 2014 – Indices News U.S markets finished mixed. Sentiment was hit by worries over economic stability in Europe following a third parliamentary election which failed to appoint a new President. The S&P 500 reached another record close for the 53rd time this year, adding 0.09% to 2,090.57. The Dow Jones, however, ended a […]
December 30, 2014 – Commodities News Gold After trading just below $1,200/ounce, Gold dropped back to $1,180/ounce. Losses were seen as the Dollar continued to strengthen and positive sentiment remained on the US stock market. During the Asian session, the price rebounded upwards as the Dollar dropped and the metal is currently trading around $1,188/ounce. […]
Dollar Weakens Markets Eye Havens Morning Report: 9.00 London • This morning, markets are on the back foot after yesterday’s Greek election turmoil. Not that this morning’s weakness can be wholly attributed to the Greek elections, such worry appears to be contained for now as evidenced by the euro’s rally this morning. […]
Gold price as expected could not break above the important resistance of $1,195-$1,200 area and was rejected. The rejection by the trend line resistance has pushed Gold price towards the recent lows and support at $1,180. Red line = resistance Green line = support Gold price as can be seen on the 4-hour chart above […]
December 29, 2014 – Commodities News Gold On Friday, Gold almost reached $1,200/ounce due to rumours that China will increase monetary stimulus and loosen its lending policy. Traders should watch the U.S. stock market, however, as it has been reaching record highs recently. Liquidity may remain thin today as no important data releases are scheduled. […]
Overview : Since our last analysis, gold has been trading sideways around the price of 1,192.00. We are waiting for a larger activity on the market and stronger price action. Our Fibonacci retracement 61.8% at the price of 1.172.00 has been held successfully, which caused price to start with an upward movement. According to the […]
Gold price is consolidating below short-term resistance at $1,195-$1,200 area. Important support is at $1,184 and at $1,239. Longer-term trend remains bearish as long as price is below $1,240 and I favor a move towards $1,130 at least. On the short-term chart as shown above, Gold price is trading sideways in a contracting triangle and […]
Australia Leads Twixmas Trades Morning Report: 9.00 London • This morning, the Australasian pairs are leading the ‘Twixmas’ trading period between Christmas and New Year. Volume is low as is to be expected, with the S&P barely moving. […]
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Leider ist der Eintrag nur auf English verfügbar. Related Posts:Trading Signals for GOLD (XAU/USD) for April 15-17, 2024:… April 15, 2024 Gold is trading around 2,332, bouncing above the 200 EMA…Weekly forecast based on simplified wave analysis of… April 15, 2024 EUR/USDAnalysis:The daily chart scale of the major pair of the…Technical Analysis – Gold in […]
Leider ist der Eintrag nur auf English verfügbar. Related Posts:Trading Signals for GOLD (XAU/USD) for April 15-17, 2024:… April 15, 2024 Gold is trading around 2,332, bouncing above the 200 EMA…Weekly forecast based on simplified wave analysis of… April 15, 2024 EUR/USDAnalysis:The daily chart scale of the major pair of the…Technical Analysis – Gold in […]
Leider ist der Eintrag nur auf English verfügbar. Related Posts:Trading Signals for GOLD (XAU/USD) for April 15-17, 2024:… April 15, 2024 Gold is trading around 2,332, bouncing above the 200 EMA…Weekly forecast based on simplified wave analysis of… April 15, 2024 EUR/USDAnalysis:The daily chart scale of the major pair of the…Technical Analysis – Gold in […]
