Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of 1,206.65. According to the 4H time frame, we can observe strong rejection from our Fibonacci retracement 61.8% at the price of 1,229.00, which caused price to start with downward movement. I have placed Fibonacci expansion to […]
Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of 1,206.65. According to the 4H time frame, we can observe strong rejection from our Fibonacci retracement 61.8% at the price of 1,229.00, which caused price to start with downward movement. I have placed Fibonacci expansion to […]
Overview According to the shown H4 chart, the price’s close below the level of 17.75 yesterday gave new opportunities for sell-signals. Currently, the metal has already managed to break the support area to trade below it and open the way towards the level of 17.50 as the first target, then the metal should test the […]
Leider ist der Eintrag nur auf English verfügbar. Related Posts:Outlook for GBP/USD on April 16. Pound awaits inflation data April 16, 2024 Analysis of GBP/USD 5M GBP/USD tried to start a bullish…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…Technical Analysis – […]
Dollar Back On Top Morning Report: 09.00 London • This morning, the dollar index is back on top and dominating currency flows. This follows yesterday’s strong performance from the S&P 500, helped by better than expected new home sales. […]
Gold price has given a short-term sell signal yesterday by breaking below $1,222. Earlier today, it has also broken below support at $1,215. Right now, Gold price is making new lows and following our expected move lower towards $1,200-$1,190. We noted in our previous analysis that the upward bounce was of a corrective form and […]
Technical outlook and chart setups: Silver remains more or less unchanged structurally, and still trading below $18.00 levels as depicted on the 1H chart view. The metal seems to be pulling back from fibonacci 0.382 resistance of the drop between $18.90 and $17.30 levels as seen here. Furthermore, Silver would remain in the sell zone […]
Futures gold after the US dollar surged to its strongest in four years, weakening demand for alternative investments. Gold contracts for delivery in December was trading 0.2% down today at a price per ounce of $1,219.50 early afternoon in New York’s Comex. The precious metal advanced by 0.3% yesterday when several Arab nations including the […]
Commodities Gain Ground Morning Report: 09.00 London • This morning, the S&P 500 is recovering some of the losses from the last three trading days on positive trading in China. Meanwhile, the US dollar index is still challenging the highs, setting the tone for currency movements again. […]
Editor’s note: The following article was republished here with permission from the co-editors of the September issue of The Elliott Wave Financial Forecast, a publication of Robert Prechter’s Elliott Wave International, the world’s largest financial forecasting firm. From Sept. 25 to Oct. 1, EWI is throwing open the doors to all of its investor services […]
Gold held just slightly above its lowest since January as investors continued to asses market outlook for interest rates in the US with the military action in the Middle East. Spot gold was trading down from the previous close at a price per ounce of $1,228.88 from yesterday’s $1,223.42 as of mid morning Singapore time. […]
GOLD: With GOLD triggering a correction higher during Thursday trading, further bullishness is envisaged. Support stands at the 1,200.00 level. Below here could trigger further downside towards the 1,180.00 level where a break will aim at the 1,150.00 level. A break will target the 1,130.00 level with a violation turning attention to the 1,100.00 level. […]
September 23, 2014 – Commodities News Gold On Monday, Gold slightly recovered from its previous fall and increased to $1,220/ounce. The price picked up slightly after reaching a 9-month low. Weaker demand may lead to a further drop below $1,200/ounce. Gold which acts as an inflation-hedge lost it shine and investors currently prefer to place […]
China Manufacturing Back On Track Morning Report: 09.00 London • This morning, stock markets have halted their recent slide after Chinese flash manufacturing came in above estimates. The S&P 500 suffered some heavy selling yesterday, but the market is now stable, with the dollar index also holding at the highs. […]
Gold hovered near lots lowest price in eight months with investors weighing the dollar’s strength against the recent drop in equity and commodity markets. Spot gold was slightly up today at a price per ounce of $1,215.55 mid morning Singapore time to recover from its fall yesterday to its lowest since January 2nd at $1,208.40 […]
September 22, 2014 – Commodities News Gold On Friday, Gold declined and tested its support at $1,215/ounce. Bearish sentiment has continued for the metal and the price has now dropped to $1,207/ounce. Weak physical demand and a strong performance of the stock market have added pressure to the price. Most analysts are watching the $1,200/ounce […]
Markets Start With Monday Blues Morning Report: 09.00 London • This morning, financial markets have a severe case of the Monday blues as the S&P 500 continues Monday’s sell-off. Money flows through Asia have been weak, as investors look to book profits in an increasingly messy trading environment. The dollar index is down slightly, but ultimately […]
Have you ever seen Donald Duck play pool? Trust us, it isn’t pretty. An expert pool player, on the other hand — well, he can just look at the billiards table and imagine lines drawn out, marking the trajectory the cue ball must take to make the shot. Now, what if you could just look […]
Elliott Wave International’s Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Trader’s Classroom and one of our most popular instructors. Jeffrey’s primary analytical method is the Elliott Wave Principle, but he also uses several other technical tools to supplement his analysis. You can apply these methods across any market and any time […]
Hedge funds continued to extend the longest exit this year from bullish positions on gold as falling prices and rising outflows have removed $7.16 billion from exchange traded funds. Government data from the US COmmodity Futures Trading Commission shows that the number of net long positions for futures and options of the precious metal on […]
The yellow metal drifted to $1,213 levels in Friday’s session, but managed to close above $1,215 levels. The strong US dollar puts pressure on the metal. Now the metal is trading at $1,215.70, it made a low at $1,214.50. The metal has support at $1,212 (200MEma) and $1,185 (200MSma). The short- and medium-term trend setup […]
Prices of gold fell to their lowest in eight months with growing outlook that benchmark rates in the US will be raised, strengthening the dollar and lowering demand for value hedges. Spot gold fell to a price per ounce as low as $1,208.40 after losing 0.6% to record its lowest price since January 2nd and […]
Pounds Slips Back As Scotland Votes No Morning Report: 09.00 London • This morning, Stock markets are capping a week of gains, while the dollar index is maintaining its uptrend. […]
Overview According to our last week expections, the price’s close below the Resistance level of 18.50 would give new opportunities for sell signals. As shown in the attached H4 chart, the metal has failed to break the Resistance level of 18.50 and bounced from it. Currently, the metal is trying to break the Support level […]
Overview: Since our last analysis, gold has been trading sideways around the price of of 1,221.00. The price tested the level of 1.215.71. Our submajor Fibonacci expansion 161.8% (support) at the price of 1,218.00 held successful, so be careful when selling at this stage. According to the 4H time frame, we can observe selling climax […]
September 19, 2014 – Commodities News Gold is currently ranging ahead of the weekend after falling for most of the week. Thought the precious metal made a slight retracement yesterday, most of the pressure remains bearish and will continue to remain so as long as the Fed eventually plans to raise the interest rate. Today, […]
The bounce in Gold price from $1,215 is clearly corrective. The form of the rise in not impulsive and that is why I expect more downside pressures to push Gold price towards $1,200-$1,180. The trend remains downward according to the Ichimoku cloud 4-hour chart. Green line = channel Red line = resistance Blue line = […]
Technical outlook and chart setups: Silver tested the multi-month range lows at $18.30 yesterday before pulling back sharply, taking out intermediary resistance ($18.55) on the hourly chart. As seen in the 4H chart view presented here, the metal needs to clear at least $19.00 level, to confirm that bulls are back in control. After $19.00 […]
Technical outlook and chart setups: Gold remains subdued between the $1,215.00 and $1,225.00 levels as seen in a 4H chart view here. Keeping the larger view in mind that the metal is trading around the 0.786 fibonacci support levels of the rally between $1,182.00 and $1,388.00, probability still remains that $1,180.00 could be retested before […]
The metal was unable to breach the resistance at $1,242, again moving to lower levels to its near-term targets at $1,210, $1,200, $1,190, $1,185 and even $1,150 levels. We have been recommending selling on every up move from $1,276 levels. The metal has strong resistance at 20Dsma $1,256.60; until it closes below this, selling on […]
