Technical outlook and chart setups: Silver remains structurally constructive for bulls till prices are above $15.90 levels and also in the buy zone of the support trend line. The metal is trading at $16.11 at the moment, after testing sub $16.00 levels today. Immediate support is seen at $15.90 levels, followed by $15.30, $15.00 and […]
Technical outlook and chart setups: Gold has retraced further towards $1,180.00 levels, and is looking to form base ahead of $1,175.00. Please note that the support trend line is also passing just below $1,180.00 levels for now. Only a break below trend line would suggest that a meaningful top is in place and that the […]
After 4 days of consolidation at 50Dsma at the previous session, the metal fell to the 1185.00 levels. Today, the metal opened on a bearish note as well. The metal has strong resistance between $1,205.00 and $1,207.00. Until the metal closes below above these levels, bears have an upper hand. This week, we can expect […]
Gold declined for the third straight day putting it on track to have its first losing week in a month with crude oil falling to its lowest value in four years spurring outlook for lower consumer prices and dampening demand for a hedge against inflation. Spot gold fell by as much as 0.4% for a […]
Overview : Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of 1,185.49. According to the daily time frame, we can can observe low activity on the market. Our Fibonacci retracement 61.8% at the price of 1,208.00 is still valid. If the price breaks the level of […]
Overview According to our yesterday’s expections, the price closure below the Support level of 16.50 would give new opportunities for sell signals. Currently, the metal has already managed to close below the Support level trading below while it is approaching the next support level. Then, the metal must test the Support level of 16.00 to […]
Oil prices were seen extending losses on Thursday on speculation that OPEC will refrain from cutting productions as the 12-member group meets in Vienna. The energy market in Europe was […] The post Oil Prices Falls; OPEC Meeting In Spotlight appeared first on | HY Markets Official blog. Related Posts:EUR/USD. Analysis for April 12th. The […]
Gold price has broken below the triangle pattern overnight and is now back testing the triangle break level. Short-term trend is still neutral with a hint of reversing to bearish. As long as price is below $1,208 I believe we are in a topping formation with increased chances of breaking lower. Black line=support Gold price […]
Aussie Rallies As China Loosens Morning Report: 08.30 London • This morning, the Australian dollar is the big mover after China acted to loosen monetary policy further by scrapping repo sales. The move has pushed the AUD/USD higher by 0.74%, the AUD/JPY by 0.57% and the NZD/USD up 0.48%. […]
November 27, 2014 – Commodities News Gold Yesterday, Gold continued to range and traded between $1,195/ounce and $1,202/ounce as volatility remained low. During the Asian session, we saw a sharp decrease and the price tested $1,180/ounce. However, the movement reversed and the metal is currently trading around $1,197/ounce. Traders are awaiting the upcoming Swiss referendum […]
Technical outlook and chart setups: Silver is seen to be pulling back from its recent highs of $16.70 levels. The metal is trading at $16.30 levels for now, with $15.90 as immediate support. A bounce ahead of $15.90 is quite probable, and should push the prices towards $17.30 levels. Please note that the support/counter trend […]
Technical outlook and chart setups: Gold is pulling back for now, after hitting the resistance area at $1,207.00 earlier. The metal is seen to be trading at $1,188.00 for now, with support seen at $1,175.00 levels. Please, note that the metal is lying in the buy zone of the rising support/counter trend line. Therefore, a […]
Gold held near a three week high with the dollar falling from its highest in five years after economic data was found to have missed initial estimates and while holdings of the biggest gold backed exchange traded product decreased to the lowest in six years. Spot gold traded at a price per ounce of $1,199.10 […]
Overview : Since our last analysis, gold has been trading sidewas around the price of 1,200.00. We are facing another low volume day, which is a sign that buying at this stage looks risky. According to the daily time frame, we can observe weak demand, which is a sign that buying looks risky. I have […]
Gold price is trading very nervously still inside a trading range of $1,208 and $1,189. Ichimoku indicators remain bullish but with the tendency to change to neutral. Price is below the important resistance and pivot point of the 61.8% retracement of the decline from $1,255. Bulls should keep their stops tight as the down trend […]
November 26, 2014 – Commodities News Gold Yesterday, Gold ranged between $1,190/ounce and $1,202/ounce. Volatility declined despite the release of important economic data. The market has been waiting for the Swiss referendum which will take place on Sunday; voters will decide whether the central bank should increase its gold reserves from 8% to 20%. The price […]
UK GDP In Focus Morning Report: 08.30 London • Markets are a real mixed bag this morning, with no real dominant trend to speak of. The major trends of the last few weeks are still holding, with the S&P 500 and dollar index set at the highs. […]
Technical outlook and chart setups: Silver seems to be pushing higher towards fibonacci 0.618 resistance of the drop from $17.80 to sub $15.00 levels as seen here. Please also note that the sloping trend line resistance is also seen at the same levels. A bearish reaction there could see the metal reversing lower and targeting […]
Technical outlook and chart setups: Gold has met the minimum criteria and rallied into $1.207.00 levels before pulling back. The metal needs to break below $1,175.00 mark to confirm that a meaningful lower top has been made at $1,207.00 levels. Bulls, seem to be determined to hold prices above $1,190.00 levels for now and push […]
The metal has been facing strong resistance exists at 50Dsma. In the previous session, the metal fell to 1190.00, but managed to close with marginal gains. Today, the metal opened on a bearish note, opened higher at $1,201.50. Today, the focus shifts to US durable goods orders, personal spending, and the PCE price index. The […]
Gold held near a three week high behind investors weighing the situation of expanded stimulus in economies around the world and the possible timing of interest rate hikes in the US. Spot gold traded at a price per ounce of $1,199.93 mid morning Singapore time, slightly down from yesterday’s $1,200.98 which it reached after gaining […]
Overview : Since our last analysis, gold has been trading sidewas around the price of 1,200.00. We are facing another low volume day, which is a sign that buying at this stage looks risky. According to the daily time frame, we can observe weak demand, which is a sign that buying looks risky. We can […]
Gold prices were seen trading higher on Tuesday, but remained below $1,200 as the market focus on further economic reports from the world’s largest economy due to be released, including the US GDP report and consumer confidence. Gold for immediate delivery gained 0.21% to $1,198.40 per ounce, after rising to $1,207.93 on Friday. Bullion for […]
Gold price remains around the 61.8% Fibonacci retracement and is showing signs of strength as it is holding above the short-term support of $1,189 and is trying to break above the sideways consolidation targeting $1,220-$1,225 in the short-term. Blue line = support Black line = contracting triangle Gold price is breaking above the contracting triangle […]
Risk Appetite Wanes Morning Report: 08.30 London • This morning, general risk appetite appears to be waning as the Japanese yen returns to strength. The main yen pairs are slipping back significantly after this morning’s speech from BOJ governor Kuroda. […]
November 25, 2014 – Commodities News Gold Yesterday, Gold ranged between $1,192/ounce and $1,204/ounce. The price has been climbing over the past week as the economic outlook for the global economy has worsened. However, the bullish sentiment is constrained as most investors are awaiting the Swiss referendum which will take place next week. Additionally, the […]
Technical outlook and chart setups: Silver looks to be setting up to push higher towards $17.00 levels at least. It is recommended to hold remaining long positions taken earlier, risk remains below $15.40 for now. The metal maybe targeting $17.00 and subsequently $17.30 levels from here on. This could confirm that bulls are in control […]
Technical outlook and chart setups: Gold has been trading in a tight range since last 2 sessions as seen here. The metal trades around $1,198.00/99.00 levels for now, looking to push higher. A break above $1,208.00/10.00 levels could challenge $1,235.00 and subsequently $1,255.00; indicating that bulls are here to stay longer. On the flip side, […]
The yellow metal is facing strong resistance at $1,200.00. In yesterday’s session, the metal rejected at $1,200.00 level and closed below that. Today, the metal opened on a bearish note, opened higher at $1,198.60. The metal has strong resistance between $1,205.00 and $1,207.00. Until the metal closes below these levels, bears have an upper hand. […]
Gold held below a three week high with investors assessing the situation of global stimulus measures against the outlook for hiked up interest rates in the US. Spot gold traded at a price per ounce of $1,197.99 mid morning Singapore time, slightly up from yesterday’s $1,197.14, based on generic pricing from Bloomberg. The precious metal […]
