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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
Friday, 02 September 2016 05:22

Gold Pares Gains, But Doesn't Give Up!

Published in Commodites & Metals

The precious metal surged more than $8 after a disappointed U.S. ISM Manufacturing survey weighed against Fed rate hike bets, pushing the greenback lower. The July Manufacturing Purchasing Managers’ Index (PMI) revealed that factory activity plunged to 49.4 from 52.6 the month before. This gave the opportunity to the bulls to create a strong support/zone ahead of today’s NFP report. The retracement is barely significant, as the XAU/USD is still well above the lower boundary of the descending triangle and generally speaking technical readings in the daily chart move upwards, whilst the price struggles around a modestly strong support zone $1,300 - $1,305 and stands well above the daily 100-SMA.

The level to watch towards the upside is $1,316, the previous high. Above it, the precious metal can recover up to $1,330 but this will depend mainly on the NFP figure. On the other hand, $1,300 - $1,305 is still a major support zone, with a break below it opening doors for a downward move towards $1,285. 

XAUUSDH4020916.png

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Thursday, 01 September 2016 07:26

Gold Plunged More than 2% Since Last Week

Written by
Published in Commodites & Metals

The yellow metal has been gradually moving lower the last three weeks and plummeted more than 2.4% since last week. The XAU/USD pair is looking more bearish, following the aggressive pullback from the $1,340 resistance level, which include the 50-daily SMA. The technical structure remains bearish since the precious metal broke the ascending trend line on the daily chart, to the downside. During yesterday’s session, the pair met the 100-daily SMA and is pushing towards to penetrate it. If there is a successful attempt then the pair will challenge the $1,294 support level or moreover, the next strong obstacle at $1,250. Additionally, the technical indicators head sharply lower into negative territory while the RSI indicator is near the oversold area.

XAUUSDDaily010916.png

Tuesday, 30 August 2016 06:51

XAU/USD to Rebound Back to $1,350

Written by
Published in Commodites & Metals

The precious metal is looking much more bearish, following the aggressive pullback from the $1,340 support level, which includes all of the three moving averages (50, 100, and 200-SMAs). During last week’s session, the XAU/USD pair plunged more than 1.5% and recorded the second negative weekly candle in a row.

The technical structure remains bearish, since the precious metal broke the

...
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Thursday, 25 August 2016 05:55

Gold Remains Inside the Triangle!

Published in Commodites & Metals

The precious metal on early Thursday held slightly above a four-week low touched in the previous session as the greenback lost some strength ahead of a speech by Fed Chair Janet Yellen at Jackson Hole that may yield clues on U.S. interest rate policy. The yellow metal broke out lower after two weeks of standstill, forming a symmetrical triangle on the 4-hour chart, sinking to the weakest

...
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Tuesday, 23 August 2016 07:18

WTI Fell And Reached Our Suggested Target!

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Published in Commodites & Metals

WTI Crude oil prices slipped back on Monday after hitting an eight-week high following their longest run of gains in four years, breaking through the $49.20 resistance level. Over the last month, the oil surged more than 16% following the aggressive rally, which started from the $39.65 support level and the price is now moving near the $47.00 level. The commodity has been trading in an upward

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Tuesday, 23 August 2016 07:15

Silver: The Market Opened With a Gap

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Published in Commodites & Metals

The XAG/USD edged sharply lower the previous week, as a result, the market to open with a gap below the strong resistance level at $19.20. Over the previous month, the metal recorded a 2-year high and challenged the $21.10 price level. After the retest of the latter level, the currency plunged more than 7% and met the $18.70 level.

From a technical point of view, the penetration of

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Tuesday, 23 August 2016 07:12

XAU/USD Broke The Uptrend Line

Written by
Published in Commodites & Metals
Friday, 19 August 2016 06:44

Gold Key Level to Watch is $1,356

Written by
Published in Commodites & Metals
Friday, 12 August 2016 07:35

Brent Crude Oil Retesting $46.20

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Published in Commodites & Metals
Thursday, 11 August 2016 06:59

Brent Crude Oil Rebound On 50-SMA

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Published in Commodites & Metals

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