Technical outlook and chart setups: Gold has been hammered down to $1,225.00/26.00 levels as seen here. Please note that the metal is looking to stall around the fibonacci 0.786 support of the entire rally between $1,182.00 ti $1,388.00 levels as depicted here. A bullish bounce could be expected here, but we shall wait for a […]
Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of 1,225.42 in a volume above average. The price rejected from our Fibonacci retracement 38.2% at the level of 1,272.00, and that is the reason why we saw further bearish bias. Our major Fibonacci expansion 61.8%% is […]
Overview Based on the H4 chart, silver is still stabilizing below the Resistance level of 18.75 after its rebound from the Support level of 18.50 last week. If silver reverses its bullish move due to this Resistance level and manages to break the Support level of 18.50, this would give a strong indicator to continue […]
Gold prices were seen slightly rising on Monday, bouncing back from a seven-month low as the market focus on the Federal Reserve’s rate decision as the central bank prepares for its two-day policy meeting scheduled for September 16-17. Futures for the yellow metal fell by 3.1% last week as the US dollar strengthened and reports […]
You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new approaching doomsday, should there be one? This series gives you a well-researched answer. Here is Part IV; come back soon for Part […]
One of the best aspects of technical analysis is also its biggest drawback: Namely, there are far too many indicators to choose from. Candlesticks to channels, Relative Strength Index to Bollinger Bands, double tops to moving averages… Geez! With so many options, you’re liable to feel like a “hanging man” beneath “dark cloud cover.” But […]
Aussie Hits Six Month Low Morning Report: 09.00 London • This morning, world markets are on the defence after a match of weak data from China over the weekend. The S&P has continued Friday’s sell off, while the dollar index is still showing no signs of turning from its bull run. […]
September 15, 2014 – Commodities News On Friday, the price of gold dropped as low as $1,225/ounce. The price recently fell to the lowest price since January on the back of high expectation before this week FOMC statement where we might see, that Fed will increase the interest rate before July 2015. However, the stocks […]
Gold price is bouncing after it made a new lower low. The trend remains bearish and below short-term resistance levels. Our next target is around $1,200-$1,180. In Ichimoku cloud terms the trend remains bearish and we should expect to see lower levels now that the previous important low at $1,240 is broken. A back test […]
The yellow metal drifted to a 5-month low, trading near support zone. The metal lost its shine by rising expectations that the US Federal Reserve will raise the interest rates rather earlier than later. The metal has a minor support zone between $1,225 (80.0 fib level) and $1,217 levels. Currently in Pacific session, the metal […]
Gold fell for the fourth consecutive day to continue its fall to its eight month low behind a speculated drop in physical demand and outlook for interest rates in the US. Spot gold dropped to a price per ounce as low as $1,225.67 today after losing 0.3% of its value to mark its lowest level […]
Aussie Slips on China Concerns Morning Report: 09.00 London • This morning, markets are mixed again, with a slight negative bias. The S&P 500 is slipping back while the dollar index pauses at the highs.. […]
September 12, 2014 – Commodities News Gold Gold has been falling for most of the week as a strong dollar eroded the precious metal’s appeal as a hedge against risk. Now, however, gold is climbing a little bit due to prospects of increased physical demand in India ahead of important holidays. Note that boosts […]
Outlook on rising interest rates has pushed gold to its lowest value since January as demand for an inflation hedge declines. Gold futures with a Delivery date in December dropped to a price per ounce of $1,239 after falling 0.5% early afternoon in New York’s Comex. Prices earlier reached the lowest among most active contracts […]
Pound Rebounds On Latest Poll Morning Report: 09.00 London • This morning, markets are mixed after China reported weaker than expected inflation figures for August, while the Dollar index holds at the highs.. […]
September 11, 2014 – Commodities News Gold Gold has been falling slowly but sure as a result of the Fed’s unchanging position vis-a-vis raising the interest rate. Furthermore, gold has been hit especially hard due to a drop in safe haven demand stemming from the cooling of geopolitical tension. At the moment, the precious […]
Gold traded near its lowest in three months with investors weighing the outlook on the path US monetary policy will take against the moderating tensions between Ukraine and Russia. Spot gold was trading at a price per ounce of $1,248.90 mid morning Singapore time today, slight down from yesterday’s close of $1,249.77 based on generic […]
Overview: Since our last analysis, gold has been trading sideways around the price of 1,253.00. We are waiting for a larger volume and higher activity on the market. The price rejected from our Fibonacci retracement 38.2% at the level of 1,272.00, and that is the reason why we saw bearish continuation. Our major Fibonacci expansion […]
Aussie Sinks on China Growth Concerns Morning Report: 09.00 London • This morning, markets are on the defensive renewed concerns that China’s growth rate is stalling. The S&P 500 is dipping slightly, while the dollar index pushes for the highs once again.. […]
September 10, 2014 – Commodities News Hot Asset For Today: Gold On Tuesday, the price of gold dropped below $1,250/ounce on the back of lower demand and some technical selling after Mark Carney hinted earlier interest rate increase. The price has been lately under pressure due to the fact that the geopolitical tension faded off. […]
Goldman Sachs Group Inc has announced that the popularity of iron is nearing its end as prices for the ore declines earlier than expected. WIth supplies of iron ore continuing to heavily surpass demand, prices for the commodity metal look unlikely to recover which may bring the so called iron age, a period marked by […]
Gold price remains below the important price level of $1,270. The short-term trend remains bearish. Our longer-term view remains near $1,000. Breaking the triangle wave 4 signals the start of wave 5. My wave 5 targets are between $1,050 and $950. Gold price remains in a downtrend. The Ichimoku cloud indicators continue to point lower. […]
The metal drifted towards the $1,247 level and sharply bounced from the lower levels. Today, the metal opened neutral at the previous closest level. Buying is unable to breach the $1,257.80 level. We can see a sudden spike once it breaches $1,257.80, it can fly up to the $1,260 and $1,262.50 levels. In the h4 […]
Technical outlook and chart setups: Silver finds support at the $18.90 level, just ahead of the critical low defined at $18.60 for now. The metal pulled back sharply to close above the $19.00 mark. A 4H chart view has been depicted here to catch a short-term reversal signal. Please, keep in mind the bigger picture […]
Technical outlook and chart setups: Gold has made yet another low yesterday at the $1,247.00 level before pulling back towards the $1,257.00 region at close. The metal seems to have found support just ahead of $1,240.00 levels for now. A 4H chart view has been depicted here to provide immediate bullish structural view, keeping in […]
Prices for gold traded near the lowest in three months behind outlook of a buying spree occurring due to the metal’s price decline and economic data influencing potential changes in US interest rates. Spot gold was trading slightly below yesterday’s close of $1,255.47 today at a price per ounce of $1,254.13 mid morning Singapore time […]
Overview As it is seen from today’s 4H chart, the metal is stabilizing above the support level of 18.90 after its failure to break the support level yesterday. Currently, we should wait for retesting of the support level again and closing below it to get the bearish move opportunity. In that case, we will get […]
September 9, 2014 – Commodities News Hot Asset For Today: Gold The price of gold dropped during yesterday’s trading hours and fell to $1,252/ounce – the lowest price since June 9th. The price of safe-haven assets struggle recently as stock market has been performing well together with easing of the geopolitical tension. Today, traders should […]
Overview: Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of 1,251.23 in a volume above average. The price rejected from our Fibonacci retracement 38.2% at the level of 1,272.00, and that is the reason why we saw bearish continuation. Our major Fibonacci expansion 61.8%% is on […]
Dollar Pushes Higher Unchallenged Morning Report: 09.00 London • This morning, the US dollar is extending its out performance helped by the Japanese yen hitting its lowest level against the US dollar in nearly six years. Meanwhile, the S&P 500 is holding at the highs.. […]
