GBP/USD continues to struggle with the support zone of 1.3076, after a huge decline it had during Friday’s session. Currently, the pair is doing a consolidation below the 200 SMA on the H1 chart, and an eventual breakout below the 1.3076 level will open the doors to test the 1.2976 price zone. The MACD indicator […]
Overview The gold price showed some bearish bias after it found sold resistance formed by the EMA50. Besides, Stochastic shows negative signals that might push the price for more negative attempts before turning back to rise. In general, we still expect the bullish trend for the upcoming period unless breaking and holding below 1,297.75 levels. […]
Since our previous analysis, gold has been trading upwards. As I expected, the tested level of $1,333.70 is in a low volume. My upward target at $1,332.00 has been reached. Anyway, the price went into bearish correction from the $1,333.70 level. I placed Fibonacci retracement to find the potetential end of downward correction and I […]
Gold strengthened as USD weakened yesterday, the dollar index fell from 97.225 to 96.760 because of two reasons. Firstly, although the Unemployment Claims and Existing Home Sales both beat expectations, the Philadelphia Federal Reserve Manufacturing Index underperformed falling to -2.9 compared to the expectation of 5.0 and the previous figure of 4.7, which is the […]
Gold bounced yesterday higher towards $1,340, but the important resistance and trend change level of $1,350 was not broken upwards. The price is now turning back down, and a test of the recent low will be decisive of whether we would see another test of $1,375 or a break below $1,300. Gold is trading below […]
Yesterday ECB left the deposit rate unchanged at -0.4% and the main refinancing rate at 0%. The central bank also maintained the asset purchase of 80B euro per month until March 2017 or beyond, if necessary. Despite rigorous questions about Brexit’s impact on Eurozone’s outlook and ECB’s monetary policy outlook, Draghi refrained from giving any […]
Technical outlook and chart setups: Gold dropped to $1,310.00 levels yesterday before pulling back sharply, as expected and discussed earlier. Please note that the metal might just have begun a countertrend rally towards $1,350.00/60.00 levels going forward. The wave structure also indicates that the drop from $1,375.00 through $1,310.00 levels is an impulse (5 waves), […]
Thinking about a career in the financial industry or business world spurs images of men in suits, talking on their mobile phones or taking meetings all day. However, there’s quite a number of well-known people who are way cooler than your regular businessman. Here are some of them: Elon Musk Elon Musk isn’t being dubbed […]
We are seeing a very perfect 5 wave down elliott wave structure. We are playing the graphical overlap resistance at 0.7015 as our main selling area for a drop down to 0.6920 (wave 5 projection). We’re keeping a tight stop loss at 0.7040 to give us a low-risk high-reward trade. We can see stochastics reversing […]
Overview The gold price approaches from the bullish bias now after approaching from the targets mentioned in our last reports, where the price was affected by stochastic positivity. This provides signals for curving to the upside and an attempt to resume the main bullish trend after the temporary decline that controlled the last trading. Therefore, […]
Since our previous analysis, gold has been trading downwards. The tested level of $1,310.65 is in an average volume. The price reached my downward target at $1,312.20. According to the 30M time frame, I found potential changing in the trend dynamic from bearish to bullish. I found fake breakout of yesterday’s swing low and successful […]
Gold continued moving lower towards its support of $1,310-$1,300 yesterday after breaking below the triangle pattern we noted 2 days back. The trend remains bearish. A short-term reversal signal will come if Gold breaks above $1,320. Confirmation of the short-term trend reversal will come if the price breaks above $1,340. Blue lines – bearish channel […]
Technical outlook and chart setups: Gold is seen to be trading around $1,314.00/15.00 levels at this moment, looking to form a meaningful bottom soon. The metal has made overnight lows at $1,310.00 levels as expected and discussed yesterday. It is possible that the metal might have already completed 5 waves down from $1,375.00 levels producing […]
GBP/USD remains in a short-term ascending channel with the price holding well above our 55 SMA at 1.3200, which is also a fibonacci golden ratio (62%), horizontal support + channel support. All of this adds up really well to giving us a bullish view for a bounce above 1.3200. Stochastics remains in an oversold region, […]
Since our previous analysis, gold has been trading downwards. The tested level of $1,316.89 in a high volume. According to the 30M time frame, I found a broken trading range, which is a sign that we may see downward pressure. Watch for selling opportunities on the pullbacks. Critical support today will be at the price […]
Gold price is breaking short-term support and triangle pattern to the downside. This implies that $1,300 will be tested. This is most probably that the final downward extension of the decline started at $1,375. Red lines – triangle pattern Blue lines – bullish channel Gold price is trading below the 4 hour Kumo (cloud) and […]
Technical outlook and chart setups: Gold continues to drift sideways for now, confined within the boundaries of support and resistance. The metal is seen to be trading around $1,330.00/31 levels at this moment, looking to drop lower towards $1,310.00/07.00 levels. Please note that the yellow metal seems to have terminated its last leg within the […]
Since our previous analysis, gold has been trading sideways at the price of $1,329.50. According to the 30M time frame, I found buying climax and successful testing of demand in a low volume, which is a sign that buying gold at this stage looks risky. I found trading range between the price of $1,320.00 (support) […]
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Gold is consolidating above the $1,325 short-term support area in a triangle pattern. The price remains inside the medium-term bullish channel but a final downward move towards $1,310 cannot be ruled out before a bigger bounce higher towards at least $1,350. Red lines – triangle pattern Gold has been moving sideways for the last few […]
Gold is consolidating above the $1,325 short-term support area in a triangle pattern. The price remains inside the medium-term bullish channel but a final downward move towards $1,310 cannot be ruled out before a bigger bounce higher towards at least $1,350. Red lines – triangle pattern Gold has been moving sideways for the last few […]
Technical outlook and trade signals: Gold continues to drift sideways for now, seen to be trading at $1,329.00/30.00 levels at the moment. The yellow metal should ideally remain below the previous resistance at $1,347.00 levels from here on. The wave structure indicates that Gold is setting up for another drop towards $1,311.00 at least. Please […]
Technical outlook and trade signals: Gold continues to drift sideways for now, seen to be trading at $1,329.00/30.00 levels at the moment. The yellow metal should ideally remain below the previous resistance at $1,347.00 levels from here on. The wave structure indicates that Gold is setting up for another drop towards $1,311.00 at least. Please […]
USD/CHF is expected to trade in a higher range as the bias remains bullish. The pair retains the positive outlook after it has broken the descending trend line since July 13. A support base at 0.9780 has been formed and should limit downside attempts. In addition, the relative strength index is still above its neutrality […]
NZD/USD is expected to extend its downside movement. The pair accelerated on the downside after it broke below its 20-period and 50-period moving averages. The declining 20-period moving average just crossed below the 50-period one and maintains the downside bias. The relative strength index broke below 30. On the forex front, the New Zealand dollar […]
Overview The sideways range still dominates the gold dynamic. The price still trades below the EMA50, which forms intraday negative pressure that we are awaiting to make the price visit 1,303.58 – 1,297.75 levels before turning back to resume the main bullish trend. Therefore, we still predict the temporary bearish trend for the upcoming sessions. […]
Since our previous analysis, gold has been trading sideways at the price of $1,325.35. According to the 30M time frame, I found weakness and that price is respecting the 21SMA, which is sign that buying looks risky. My advice is to watch for selling opportunities on the pullbacks. The first take profit level is set […]
The leading miner Fresnillo holding 56% with MAG Silver holding the remaining 44% and the project is fully funded into commercial production, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#188144 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: […]
Gold price remains in a bearish short-term trend but also inside the upward sloping channel since $1,300. Gold price is approaching the medium-term support at $1,320-$1,300. Gold could bounce this week towards $1,350 and as long as it trades above $1,300 here is still hope for a new higher high near $1,400. Blue lines -bullish […]
Technical outlook and chart setups: Gold is seen to be trading lower at $1,327.00/28.00 levels at this moment, looking to complete an impulse (5 waves) by dropping towards $1,313.00 levels at least. The metal should remain good to be sold on rallies, till prices stay below $1,375.00 levels. The wave structure indicates that the yellow […]
