Technical outlook and chart setups: Gold has dropped lower from last week’s highs ($1,352.00 level) and is seen to be trading at $1,329.00 level at this moment. The yellow metal had formed lows at $1,321.00 level yesterday before rallying. Please note that the metal has tested and bounced from fibonacci 0.618 support of the rally […]
When the European market opens, some economic data will be released such as Employment Change q/q, ZEW Economic Sentiment, German ZEW Economic Sentiment, Italian Industrial Production m/m, German WPI m/m, and German Final CPI m/m. The US will release the economic data too such as Federal Budget Balance, 30-y Bond Auction, and NFIB Small Business […]
In Asia, Japan will release the BSI Manufacturing Index. The US will release some Economic Data such as Federal Budget Balance, 30-y Bond Auction, and NFIB Small Business Index. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 102.05. Resistance. 2: […]
Following the Fed official’s speeches on Monday, the US Dollar index was under pressure and it’s currently trading below the 200 SMA. The next target to the downside lies at the 94.79 level, where a breakout should open the doors to test the 94.29 price zone in coming hours and with that scenario, the greenback […]
GBP/USD extended gains during Monday’s session above the 200 SMA on H1 chart, following the fresh momentum that the sterling received. We should take this movement as a reaction to a dynamic support around the moving average mentioned above. If the pair manages to break the 1.3360 level, then it can rally to the 1.3480 […]
Overview The gold price continues its calm decline surpassing the EMA50 and opening the way for a potential test of 1,310.65 levels. Stochastic shows clear oversold signals that reinforce expectations of further overall bullish trend. In general, we still expect the bullish trend on the intraday and short-term bases unless breaking and holding below 1,310.65 […]
Since our previous analysis, gold has been trading downwards. As I expected, the price tested the level of $1,323.38 in a high volume. My take profit from Friday at the price of $1,326.50 has been met. According to the 30M time frame and using the market profile, I found point of control for today at […]
Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.5419 in a high volume. According to the 30M time frame and using the market profile, I found today point of control at the price of 1.5350 and Friday’s point of control at the price of 1.5295. The trend is […]
Gold price has declined towards $1,320 and has reached so far as low as the 50% Fibonacci retracement of the rise from $1,302 to $1,353. Price is still trapped inside the $1,300-$1,375 range while making higher lows, giving bulls slightly more chances of success than bears. Stochastic is oversold turning higher, price is above the […]
Since our previous analysis, gold has been trading downwards. As I expected, the price tested the level of $1,332.28 in a high volume. My take profit from yesterday at the price of $1,339.00 has been met. According to the 30M time frame and using the market profile, I found peak resistance at the price of […]
Gold price got rejected yesterday at $1,353 and is now in a short-term bearish trend making lower lows and lower highs towards the first important short-term support of $1,333. As long as Gold is above $1,300, our bullish scenario is the leading one. If we break below it, the road for a move towards $1,200 […]
Overview Gold has been trading sideways since yesterday. The price has settled near the resistance line that is declining now to 1353.50. The price needs to breach this level to confirm the continuation of the bullish trend on the short-term basis. Please note that stochastic gets rid of its negativity clearly on the four-hour time […]
Since our previous analysis, gold has been trading sideways at the price of $1,346.60. According to the 30M time frame and using the market profile, I found point of control from yesterday at the price of $1,348.95. The price rejected successful from point of control and created up-thrust. This is for me a good sign […]
Why we still like gold? Udo Sutterluety, Sunares Natural Resources Funds. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#192996 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer Sprache: http://www.youtube.com/user/dukascopytvgerman Regardez la Dukascopy TV […]
Technical outlook and chart setups: Gold finally produced an impressive rally last Friday, pushing prices all the way through $1,353.00 levels as discussed and expected earlier. Pay attention to the resistance line passing through $1,355.00 levels at this moment. The metal is seen to be trading lower at $1,347.00/48.00 levels at this moment and might […]
The Dollar index made a small bounce yesterday but remains below the Kumo resistance in the short term. Bulls still manage to hold the index above the critical support of 94.50-94.65 where a very important trend line support passes through. Black line – resistance trend line Blue line – medium-term trend line support The Dollar […]
Gold price has broken through the medium-term trend line resistance and has successfully back tested it. Confirmation of the breakout will come now after the back test by breaking above $1,350 which is the most significant resistance level before the recent highs at $1,375. Black line -resistance trend line Price has broken above the black […]
EUR/USD: A bullish signal has already appeared on EUR/USD. Price has gone up by more than 90 pips this week and it is now moving sideways. The resistance level at 1.1250 is currently being besieged, having been tested several times. It would soon be breached to the upside. Further upwards movement is expected, which may […]
USD/JPY is expected to trade with a bearish bias as the key resistance is at 102.20. The pair remains under pressure below its key resistance at 102.20. The 50-period moving average is heading downward, which indicates that the prices may still have downside potential. The relative strength index is below its neutrality area at 50, […]
NZD/USD is expected to go on with a bullish movement. The pair is trading above its 20-period and 50-period moving averages, and remains on the upside. Meanwhile, the relative strength index is rebounding from its neutrality area at 50 and advocates for further upside. A support base at 0.7390 has been formed and the downside […]
Overview Gold price succeeded to rally rapidly to reach the thresholds of the first main target at 1354.10. The price is waiting to breach this level to confirm opening the way to extend the bullish wave to reach 1400.00 as a next main station. Importantly, the EMA 50 provides positive support that reinforces the chances […]
Since our previous analysis, gold has been trading upwards. As I expected, the price tested the level of $1,352.22 in a high volume. Gold reached my take profit from yesterday at the price of $1,341.50. Anyway, today I found weak demand and potential topping formation according to the 15M time frame. My advice is to […]
Since last week, I warned Gold bears that Gold was about to make a strong rally towards at least $1,330-40. Yesterday we saw Gold price break above $1,350, but the most important is the structure of the rise from $1,302 that is impulsive. Black line -trend line resistance Gold price has broken above the black […]
Since our previous analysis, gold has been trading upwards. The price tested the level of $1,333.02 in a high volume. The price broke a swing high at $1,329.82, which confirmed further upward movements. According to 30M time frame, I found a broken up fractal at the price of $1,329.47.According to the volume analysis, I found […]
Overview: The NZD/USD pair continues to move upwards from the level of 0.7311. Yesterday, the pair rose from the level of 0.7311 (the level of 0.7311 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 0.7342. Today, the first support level is seen at 0.7311 followed by 0.7291, while daily resistance 1 […]
Thoughts about oil, gas, natural gas and energy. Time to buy? Udo Sutterluety, Sunares Natural Resources Funds. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#192037 Смотрите Dukascopy TV на вашем языке: http://www.youtube.com/user/dukascopytvrussian 用您的语言观看杜高斯贝电视: http://www.youtube.com/user/dukascopytvchinese Miren Dukascopy TV en su idioma: http://www.youtube.com/user/dukascopytvspanish Schauen Sie Dukascopy TV in Ihrer […]
Gold price action was very quiet yesterday mainly because of the holiday in the US and the closed markets. Gold price could have very well started its next leg up towards $1,400 but this scenario will be more valid on a break above $1,350. Black line – resistance trend line Gold price is inside the […]
Overview The gold price managed to breach the EMA50 and get rid of its intraday negative pressure, thus reinforcing expectations for further gains in the upcoming sessions. The price is likely to test the key resistance 1,354.60, which break represents the key to extend gold price gains to 1,400.00. Therefore, the bullish trend is still […]
Since our previous analysis, Gold has been trading upwards. The price tested the level of $1,329.89 in an ultra high volume. The price spiked upward after the Non-Farm employment change data. Anyway, it is very risky to buy at this stage since I found a potential ending diagonal. My advice is to watch for selling […]
Gold price has reached the short-term resistance levels by the Ichimoku cloud and this is the first important test for bulls. A breakout above the cloud and specially above the $1,350 resistance will open the way for a push to new highs. A rejection here will open the way for a deep decline towards $1,200-$1,250. […]
