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  • Analysis of gold for June 23, 2017

    Recently, GOLD has been trading upwards. The price tested the level of $1,258.00. Anyway, according to the 30M time frame, I found a climatic action followed by no demand bars, which is a sign that buying looks risky. The price also tested upper diaognal of channel, which is another sign of potential wekaness. My advice […]

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  • Ichimoku indicator analysis of gold for June 23, 2017

    GOLD is making higher highs and higher lows in the 4-hour chart and is unfolding the upward reversal we expect off the $1,245 price area. Gold is expected to continue the bounce towards $1,260 and higher. We could see a short-term new low towards $1,230 but it is not necessary. Red line – resistance Gold […]

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  • Daily analysis of Gold for June 22, 2017

    Overview The GOLD price keeps fluctuating within a tight range below 1,254.56 levels. Stochastic begins to provide a negative overlapping signal on the four-hour time frame and is likely to help the price resume the bearish bias with the main target at 1,229.32 in the upcoming sessions. Therefore, the bearish trend scenario will remain active […]

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  • Analysis of gold for June 22, 2017

    Recently, GOLD has been trading upwards. The price tested the level of $1,254.80. Anyway, according to the 30M time frame, I found buying climax in the background and broken upward channel, which is sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at $1,245.00 and […]

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  • Trading Plan for Gold and US Dollar Index for June 22, 2017

    Technical outlook: GOLD has managed to bounce right at the 6-month support trend line seen on the daily chart (not depicted here). Please note that the rally looks to be corrective till now and it needs to clear through $1257/58 levels at least and also $1264/65 levels to produce an impulse wave and hence confirm […]

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  • Ichimoku indicator analysis of gold for June 22, 2017

    GOLD price bounced off the 61.8% Fibonacci retracement and the $1,245-40 area as expected. Price should test the $1,260 short-term resistance area. A rejection there will open the way for a push towards $1,200, but if the week closes around $1,260 and higher, we could have a bullish reversal sign on a weekly basis. Gold […]

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  • Daily analysis of Gold for June 21, 2017

    Overview The GOLD price has not shown any strong moves since morning holding around 1,245.00 levels. Thus, there is no change in the bearish trend scenario that depends on holding below 1,254.56 levels. Stochastic is reaching the overbought areas now. Our main awaited target is located at 1,229.32. The expected trading range for today is […]

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  • Trading Plan for Gold and US Dollar Index for June 21, 2017

    Technical outlook: GOLD is looking to produce a bullish reversal today. Should it manage to close above $1,252.00 at least, the yellow metal would confirm the bullish scenario as well. Please note that a number of convergences is seen through $1,241/45 levels as depicted above. The fibonacci 0.382 extension of a counter trend is matching […]

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  • EUR/USD analysis for June 21, 2017

    Recently, the EUR/USD has been trading upwards. The price tested the level of 1.1155. Anyway, according to the 15M time frame, I found a hidden bearish divergence on the RSI oscillator, which is a sign that buying looks risky. There is a pin bar and strong reversal price action, which is another sign of weakness. […]

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  • Ichimoku indicator analysis of gold for June 21, 2017

    GOLD price has stopped its decline around the 61.8% Fibonacci retracement and our $1,245 target since $1,280. Now we expect at least a short-term bounce that will test the important $1,260-70 short-term resistance. Gold price remains in a bearish trend, but there are several signs of a bullish reversal, at least for the short term. […]

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  • Trading plan for 21/06/2017

    Trading plan for 21/06/2017: The Crude Oil prices decline below $43.74 during late Tuesday’s session. EUR/USD is trading below 1.1150 and GBP/USD is holding at 1.2650, near two-month lows. Oil price volatility followed enthusiasm on stock exchanges and triggered a decline in US debt yields. In such an environment, the Yen is strengthening and USD/JPY […]

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  • Analysis of Gold for June 20, 2017

    Recently, the GOLD has been trading sideways at the price of $1,245.00. According to the 15M time frame, I found broken bearish flag and hidden bearish divergence on the moving average oscillator, which is a sign that buying looks risky. The short- term trend is bearish. My advice is to watch for potential selling opportunities […]

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  • Trading Plan for Gold and US Dollar Index for June 20, 2017

    Technical outlook: GOLD has retraced lower towards fibonacci 0.618 support levels of the entire rally between $1,213 and $1,296 levels respectively. Furthermore, it is also a point of convergence of fibonacci 0.382 extensions of wave A, as depicted in Red around $1244.00 levels. Besides, please note that Wave A became equal to Wave C at […]

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  • Ichimoku indicator analysis of gold for June 20, 2017

    GOLD price has reached our $1,245 target yesterday. It is time for Gold bears to be cautious and use protective stops as any day now we could see a reversal in Gold back towards $1,260-70. Trend is bearish. Price is below both the tenkan- and kijun-sen indicators. Price is around the 61.8% Fibonacci retracement so […]

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  • Ichimoku indicator analysis of gold for June 19, 2017

    GOLD price is breaking short-term support and is heading towards our target of $1,245. Gold weakness is expected for the start of the week but overall I can see a bigger longer-term upward reversal coming soon. Gold price is making lower lows and lower highs. Price is approaching the 61.8% Fibonacci retracement of the latest […]

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  • Ichimoku indicator analysis of gold for June 16, 2017

    GOLD price has reached the $1,250 area as we expected from $1,280 and higher. Trend is bearish. I believe that Gold weakness will continue and we might see even below $1,245 where important support is found. However Gold bears should be cautious as the time for a bullish reversal is approaching. Gold price is trading […]

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  • Daily analysis of Gold for June 15, 2017

    Overview The GOLD price bounced lower after retesting the previously broken bullish channel support, keeping the bearish trend scenario valid until now. The price is likely to test the critical support levels between 1,254.56 and 1,249.94 before attempting to rise again. It is important to note that a break of the mentioned levels will make […]

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  • Ichimoku indicator analysis of gold for June 15, 2017

    GOLD price reached the Ichimoku cloud resistance as expected at $1,280 and got rejected. This rejection implies that the entire corrective move is not over and we should expect to see Gold price fall below the $1,259 area and near $1,245-50. Gold price is below the Kumo in the 4hour chart. The rejection is a […]

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  • Ichimoku indicator analysis of gold for June 14, 2017

    GOLD price is bouncing as expected after breaking out of the bearish short-term channel. The trend remains bearish but we could already have completed the entire correction and the next leg up towards $1,400 starting now. It is important to hold the recent low at $1,259. Gold price is trading below the Ichimoku cloud on […]

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  • Daily analysis of Gold for June 13, 2017

    Overview The GOLD price crawls calmly to the downside approaching the awaited support at 1,254.56 and keeping the bearish bias active for today, which is also supported by the EMA50 that pushes the price negatively. We are waiting for a bullish rebound after testing 1,254.56 and 1,249.94 levels to resume the main bullish trend. On […]

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  • Gold Tests Major Support Ahead of US Data and FOMC

    Spot GOLD hit a high of $1295.96 on June 6th, last seen on November 9th. However, it has seen a substantial 2.2% retracement since June 7th, due to profit-taking and the release of the UK general election outcome which has eased markets’ risk-off sentiment. The price has been consolidating since Friday evening, holding above the […]

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  • Ichimoku indicator analysis of gold for June 13, 2017

    GOLD price got rejected off resistance yesterday and is now making new lows. I still expect Gold price to move towards $1,250-45 over the coming days before any upward reversal. I remain long-term bullish looking for $1,400-$1,500. Blue lines – bearish channel Gold price remains inside the bearish channel and has broken below the 4-hour […]

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  • Ichimoku indicator analysis of gold for June 12, 2017

    GOLD price continued its decline on Friday as we expected towards $1,250. Price stalled at its short-term cloud support at $1,265. There is a chance of a bounce towards $1,280 before the next leg down, or a straight move lower towards $1,250 to complete the correction. Blue lines – bearish channel Price is trading right […]

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  • Ichimoku indicator analysis of gold for June 9, 2017

    For the last few days, I’ve been bearish GOLD expecting a pull back towards $1,250 at least and I have been warning bulls to raise their stops. Gold finally has provided the reversal signals and is already more than 20$ lower than its recent highs. The gold price has broken below the kijun-sen and has […]

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  • Daily analysis of Gold for June 08, 2017

    Overview GOLD price settles near 1285.00 after the price decline with the end of yesterday, while stochastic approaches from the oversold levels, to provide a positive motive that we expect to lead the price to resume the main bullish trend, organizes within the bullish channel that appears in the image. Therefore, we will keep preferring […]

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  • Ichimoku indicator analysis of gold for June 8, 2017

    GOLD price is showing reversal signs. It is still too early to tell if the pullback towards $1,250 we expect has started or something of a smaller degree. Important level to watch is at $1,277. Gold price has broken below the 4-hour tenkan-sen (red line indicator). This is the first bearish warning. Short-term support by […]

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  • Bullet Report: GOLD Hits Highest in 6 Weeks

    EUR/USD slipped 0.10% to 1.1234, off a one-week high of 1.1257 hit overnight. GBP/USD fell 0.32% to trade at 1.2850 after the latest YouGov poll released on Wednesday showed that Theresa May’s Conservative Party is only 3 %age points in front of the opposition Labor Party ahead of the June 8 election. It was up […]

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  • London Bridge Attack Could Change the Path for UK Election Votes

    The London Bridge attack has rocked the United Kingdom close to crucial parliamentary election that pits a struggling Tory party against a growing opposition. As voters are searching for answers about what’s triggered the wave of terrorist attacks – three in just ten weeks – Prime Minister Theresa May is vowing to step up the […]

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  • Ichimoku indicator analysis of gold for June 7, 2017

    GOLD remains in a bullish trend. There is still no sign of reversal but bulls should continue raising their protective stops as a pullback towards $1,250 is justified. Gold has reached our short-term targets. Short-term support by the tenkan-sen (red line indicator) is at $1,287 and next is at $1,278 (kijun-sen). Kumo support is at […]

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  • NZD/USD Intraday technical levels and trading recommendations for June 7, 2017

    Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair market failed to record a new high above 0.7400. Bearish breakdown of the lower limit of the channel took place in December […]

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