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when you see the trading setup...
Christian KÄMMERERHead of German Speaking Markets
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Research is to see what everybody else has seen,
and to think what nobody else has thought.
- Albert Szent-Gyorgyi
Barbara NICODEMOUMarket Analyst
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Research is creating new knowledge.
- Neil Armstrong
Melina DELTASJunior Market Analyst
Wednesday, 04 January 2017 07:35

Gold is Ready to Surpass $1,165

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Published in Commodites & Metals

The precious metal added more than 9% to its value over the last year, however, it recorded the third red month in a row and met a fresh 11-month low at $1,122 support level. The XAU/USD pair is trading in a downward move following the bounce off the $1,375 resistance level.

On the short-term basis, the metal started a correction to the upside and if the price surpasses the $1,165 resistance barrier, it will open the door for the $1,197 handle which overlaps with the 100-weekly SMA but the 50-daily SMA seems to be an obstacle for the bulls. Technical indicators on the daily chart are biased higher as the MACD oscillator is rising and is approaching its mid-level. The RSI indicator is pointing upwards suggesting a stronger metal in the next few sessions.

XAUUSDDaily040117.png

Friday, 30 December 2016 07:57

Gold Surged and Almost Hit Our Target

Written by
Published in Commodites & Metals

The precious metal is recording the third red consecutive month, however, the last three days it surged more than 2% and is approaching our first target, that we recommended on a previous analysis (see technical analysis here: http://bit.ly/2iLBwfX). The XAU/USD pair is moving higher ahead the holidays and if the gold breaks the $1,165 resistance level to the upside, it will open the way for the next barrier at $1,197 but it needs to go through the 50-daily SMA. Otherwise, a rebound on the $1,160 barrier will move the price back to the $1,140 support level.

The technical structure suggests further upside movement as the technical indicators moved higher. The Relative Strength Index (RSI) rose but now is flattening slightly above the 50 level while the MACD oscillator is rising and is moving towards its mid-level.

XAUUSDDaily301216.png

Tuesday, 27 December 2016 08:52

WTI Fell Below the $54.00 Critical Level

Written by
Published in Commodites & Metals

Oil prices are trading sideways pre-New Year holiday trading session with markets adopting a wait-and-see stance less than a week before the first output cut deal agreed between OPEC and non-OPEC member in 15 years is scheduled to start.

The West Texas Intermediate (WTI) crude oil is looking bullish in the short-term timeframe, as well as, on the medium-term chart. The oil is creating

...
Tuesday, 20 December 2016 08:32

XAU/USD Recorded a Fresh 11-Month Low

Written by
Published in Commodites & Metals

The precious metal created an aggressive sell-off since October as it plunged more than 13% and recorded the sixth negative week in a row. The XAU/USD affected from the U.S. dollar sharp rally to the upside and is falling for the third consecutive month. Meanwhile, the pair printed a fresh 11-month trend low at $1,122 following the significant bounce off the $1,337 resistance

...
Monday, 19 December 2016 09:53

Brent Recorded a New 17-Month High

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Published in Commodites & Metals

The Brent Crude Oil is moving higher, more than 14% so far the last two months, as well as it is recording the second positive month in a row. The oil is moving within an ascending move over the five months and during the previous week, it created a fresh 17-month high at $57.60.

The daily chart shows that the price is now moving well above the three SMAs (50-SMA, 100-SMA and 200-SMA)

...
Friday, 16 December 2016 08:51

Gold Plummeted More Than 13% Since October

Written by
Published in Commodites & Metals

The precious metal created an aggressive sell-off since October as it plunged more than 13% and is currently recording the sixth negative week in a row. The XAU/USD affected from the U.S. dollar sharp rally to the upside and is falling for the third consecutive month. Meanwhile, the pair printed a fresh 11-month trend low at $1,122 following the significant bounce off the $1,337 resistance

...
Tuesday, 13 December 2016 08:16

WTI Jumped to 18-Month High

Written by
Published in Commodites & Metals
Monday, 12 December 2016 10:53

Gold Plunged More Than 11% Since November

Written by
Published in Commodites & Metals
Friday, 02 December 2016 08:54

WTI Crude Oil Almost Reached Our Target

Written by
Published in Commodites & Metals
Thursday, 01 December 2016 08:45

WTI Crude Oil Soars Above $50

Written by
Published in Commodites & Metals

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