Market

  • Gold Breaks Out of Flag Pattern After Bernanke?s Pro-QE3 Speech

    August 31 2012 12:46 PM

    Following up with the previous update from Thursday (8/29), gold did indeed break below a short-term rising trendline, but remained above an anticipated support at the 1640.60 pivot. It was declining in a flag pattern as shown in the 4H chart.

  • Gold (XAU/USD): Pivot Point Signal 31.08.2012

    August 31 2012 3:41 AM

    Sell at 1.652,20 Stop Loss at 1.657,20 Take Profit at 1.647,20

  • Gold Retraces After Breakout; Testing Short-term Trendline

    August 30 2012 5:51 AM

    In the previous update, I noted that the break of a key declining trendline opens up the 1700 handle. Not so fast. We have the Jackson Hole symposium risk event tomorrow (8/30) through Saturday (9/1). That means the bullish intent is held back, and we can probably expect some wacky price action the next couple of days, or if the market is patient, some very light trading.

  • Gold (XAU/USD): Pivot Point Signal 29.08.2012

    August 30 2012 3:35 AM

    Sell at 1.654,90 Stop Loss at 1.659,90 Take Profit at 1.649,90

  • Silver Coiling Under a Key Declining Resistance Trendline

    August 29 2012 8:19 AM

    Silver has been on a tear since breaking above consolidation resistance at 28.43. In August, it has rallied from a low near 26.70 up to 31.24 this week's high made on Monday (8/27). It has since starting coiling, as the 1H chart shows, falling between converging near-term support and resistance. You can say it is in a triangle congestion pattern as well.

  • Daily Trading Report for Gold by CharmerCharts

    August 29 2012 4:56 AM

    Gold held support and traded higher...However the daily charts have converged to show a move lower, with 1657 once more targeted. This obviously does depend on being able to hold below 1670.

  • Gold (XAU/USD): Pivot Point Signal 29.08.2012

    August 29 2012 3:14 AM

    Buy at 1.670,74 Stop Loss at 1.665,74 Take Profit at 1.675,74

  • Gold Headed to $1770

    August 28 2012 5:03 AM

    A few weeks ago I wrote that the short-term outlook in Gold was Bullish, in the meantime, the public has been Bearish Gold all year and lots of "dumb money" started to exit the market. It is this combination of factors that lead me to a firm Bullish mode into the end of the Summer.

  • Gold (XAU/USD): Pivot Point Signal 28.08.2012

    August 28 2012 3:10 AM

    Sell at 1.663,30 Stop Loss at 1.668,30 Take Profit at 1.658,30

  • Forex - XAU/USD (Gold) Technical Analysis

    August 27 2012 10:03 AM

    The pair XAU/USD (gold) gave us last wednesday a buy signal by validating the breakout of the resistance at 1640 points. Then, a bullish rally occur and the price is now going to test the resistance at 1680 points.

  • Gold and Silver Prices

    August 27 2012 4:42 AM

    The US Federal Reserve's meeting next week in Jackson Hole, WY. will have the attention of the financial markets, because the minutes from this month's FMOC meeting signaled the Fed moving closer to anouther round of quantitative easing (QE-3).

  • Gold (XAU/USD): Pivot Point Signal 27.08.2012

    August 27 2012 3:03 AM

    Buy at 1.674,39 Stop Loss at 1.669,39 Take Profit at 1.679,39

  • Morning Silver Market Report 8/24

    August 24 2012 11:12 AM

    The silver market has forged some corrective action overnight. After the rather sharp run up in silver prices this week, some measure of back and fill action shouldn't be that surprising to the trade. Weaker global equity markets in Asia overnight would seem to suggest some disappointment in that region from the lack of definitive action by the PBOC this week. However, silver probably saw some support from comments from the Fed's Evans overnight in Beijing, as he called for more assistance...

  • Gold (XAU/USD): Pivot Point Signal 24.08.2012

    August 24 2012 3:14 AM

    Buy at 1.671,37 Stop Loss at 1.666,37 Take Profit at 1.676,37

  • Gold Breaks Descending Triangle Resistance; 1700 in Sight

    August 23 2012 10:58 AM

    Gold pushed through some resistance factors around 1650 after the FOMC meeting minutes showed more urgent consideration of QE. The daily chart shows a break above a declining trendline. This goes back to the record high at 1920.75from 9/6/2011. This declining trendline is seen in the weekly chart as part of a descending triangle.

  • LTN Trend Alert: iShares Gold Trust (NYSEARCA:IAU)

    August 23 2012 9:13 AM

    LTN Trend Alert: iShares Gold Trust (NYSEARCA:IAU) moved above its 200-Day Moving Average. During Wednesday's trading session, shares of IAU moved up 0.17(1.05%) to 16.12. IAU traded between the range of 15.91 - 16.13. Wednesday's trading activities for iShares Gold Trust stock may be an indication that the shares will continue to head higher in the near future assuming the moving average maintains an upward slope.

  • Gold (XAU/USD): Pivot Point Signal 23.08.2012

    August 23 2012 3:14 AM

    Buy at 1.653,66 Stop Loss at 1.648,66 Take Profit at 1.658,66

  • OptionsTrading Analysis: Silver Wheaton (NYSE:SLW)

    August 22 2012 8:25 AM

    Silver Wheaton options established a new 90-day record for traded Call and Put contracts on Tuesday. A total of 16,038 Put and 40,526 Call contracts were traded raising a 0.40 Put/Call ratio (PCR) on shares of SLW. PCR is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior.

  • Forex - XAU/USD (Gold) Technical Analysis

    August 22 2012 8:22 AM

    At the beginning of May, we see the pair XAU/USD has shaped a symmetrical triangle of bottoms letting us think that the bearish movement should pursuit. To stay close to our last analysis, we are neutral between 1580 and 1600 points.

  • Options Trading Alert: Yamana Gold (NYSE:AUY)

    August 22 2012 5:02 AM

    Yamana Gold options contracts experienced a new 3-month record for both Call and Put contracts; a total of 10,766 Call and 6,627 Put contracts were traded in the busy trading session. The contract spread yielded a 0.62 Put/Call Ratio (PCR).