Category: Gold Analysis

Commodities Pile Losses as China Demand Shrinks

These are tough times to be in the commodity business. A selloff in the oil market that began in June 2014 has extended to a range of raw materials and is starting to resemble a full-blown meltdown. Investors reacting to weaker Chinese demand and an end to cheap money provided by the Federal Reserve are rushing […]

Gold Analysis: XAU/EUR faces stiff resistance at 50-DMA placed at 1094

XAU/USD pair – Daily Chart Gold prices in terms of US dollar (XAU/USD) ended higher on Tuesday around 1191.70 levels, reaching fresh three week high at 1195.04 levels. XAU/USD extended its uptrend and remained elevated all though yesterday amid a softer US dollar on expectations of below estimates US macro data. However, the pair dipped […]

Gold Analysis: XAU/EUR capped by 1100

XAU/USD pair – Daily Chart Gold prices in terms of US dollar (XAU/USD) ended the week on an upbeat note, reaching fresh two week high at 1187.96 levels, before settling on Friday at 1182.38 levels. XAU/USD gave a symmetrical triangle formation break out on daily chart and surpassed major 20-DMA resistance located at 1182.46 levels. […]

Forex Analysis: EUR/USD, another active week ahead

EUR/USD Current price: 1.0820 View Live Chart for the EUR/USD The more dovish than expected FED, resulted in the well needed USD bearish corrective movement that then resulted in a higher EUR/USD: the pair saw a short lived spike up to 1.1041, before closing the week below 1.0865, the 38.2% retracement of the latest bearish […]

XAU/USD capped by 5-DMA at 1156.05 levels

XAU/USD pair – Daily Chart Gold prices in terms of US dollar (XAU/USD) advanced as anticipated to day’s high at 1164.07, before ending Monday on a flat note at 1156.45 levels. The pair formed a doji candle on the daily chart and remained supported above 1150 barrier. Gold prices remained elevated initially in the previous […]

XAU/USD likely to drop to 1146 levels on stronger USD

XAU/USD pair – Daily Chart Gold prices in terms of US dollar (XAU/USD) extended losses and closed slightly lower on Monday at 1166.67 levels, remaining close to fresh three month lows of 1163.80 levels reached on Friday. Gold prices initially did recover some of its previous losses; however, fell back in red as the US […]

Gold Knitting Chart Up

Successfully penetrate the trend line on the chart H4, ie 1202.95, visible gold is continuing his performance trail riding with an initial target to break resistant 1210.19, 1212.38 and 1215.20 ago. Resistant clay stretches from 1220.22-1222.80 area. Extensions buy above 1222.80 will be the provision to target resistant Gold 1232.58. If the correction phase passes […]