Expect the gold/silver ratio to leap higher as silver underperforms Gold. Gold will rally but silver will remain muted, at least for a while. Then as the Gold/Silver ratio hits resistance at around 100 a clear buying opportunity for silver will emerge. Gold should rally as the Gold/Silver ratio collapses and therefore Silver is a screaming buy at these levels....
I note the powerful surge from the $1390 level yesterday afternoon, the move extended through to test the previous high of the $1438 area, which similar to last week attracted some profit taking.
For me it is only a dollar off the previous yearly high and what i'm starting to see is RSI divergence with a lower RSI generated compared to the high from the 24th...
Gold prices extend the rally on Monday, with the bullion is trying to get back above the $1,400 psychological level, clinging to six-year highs registered at the end of last week. This is the fifth day of gains in a row as demand for the precious metal remains robust due to rising tensions between the US and Iran, a dovish shift by major central banks, and a...
Gold prices failed to extend the upside move yesterday and continue to struggle on Tuesday, with the bullion holds below the $1,420 area for a third day in a row. USD demand has picked up slightly after a negative start of the week, which caps the upside potential in prices.
Markets are still focused on the upcoming rate cut by the Federal Reserve and...
Oversold on RSI bearish engulfing pattern completed and rejected from 1420 /1430. I am expecting a bit of range before setting up again. It might be another rally due to next FED meeting.
I first copy a meaningful count in the Thomas Demark indicator using heikenashi as these candles cut out a lot of noise and tends to be late one candle.
then copy it out and stretch it to a larger timescale before switching to base line format where it is pretty to see your longs and shorts go colourful hehe
I only worry about change in trend rather than price...
We have a nice clean break from from of this structure, just waiting for further confirmation with a bullish candlestick and then we will see higher highs and higher lows to follow.
The dollar was hit dramatically overnight, after comments from NY Federal Reserve President John Williams who hinted that lower rates and more aggressive cuts could come soon. Despite the later NY Fed attempts to temper the remarks, the greenback remained under pressure and trimmed loses only partially.
Against this backdrop, gold prices jumped to six-year highs...
After yesterday’s rally, fueled by Powell’s dovish statements, gold prices extend gains on Thursday. The bullion refreshed highs around $1,1427, where the prices encountered a local resistance and retreated partially.
The upside impetus accelerated yesterday after a break above the key moving averages in the hourly charts. As the yellow metal got back above the...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
