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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, 09 September 2016 08:32

XAU/USD Remained in Descending Triangle

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Published in Commodites & Metals

The precious metal failed to overcome the significant obstacle at $1,352, which coincides with the upper boundary of the descending triangle and it continues to be confined within the pattern. Following the aggressive sell-off after the ECB policy meeting, the gold managed to hold steady on early Friday, taking some minor support from the 200-SMA on the 4-hour chart, near $1,335.

The yellow metal has given up some of its strong gains from earlier this week, when weak U.S. NFP data led investors to bet that a September hike by the Fed was no longer on the cards, weakening the greenback.  Therefore, the September Fed meeting will be very crucial for the gold traders and should watch this very closely. Until then – 21 September – we should expect the gold to move within the pattern, and the next level to watch for is the $1,330 barrier.

XAUUSDH4090916

Thursday, 08 September 2016 07:41

Gold: Profit Locked Once More; What is Next?

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Published in Commodites & Metals

The XAU/USD pair has had another solid session on Tuesday, climbing from a low of $1,328 to finish at $1,352, taking our suggested profit at $1,341 (http://bit.ly/2bZYnQb). The precious metal now has completed five consecutive positive sessions, extending the weekly gains to 1.7%. According to the 4-hour momentum indicators further gains look possible, where the initial targets will be at $1,352, the previous high, and then $1,367.

The lower timeframes are still showing some bearish divergence so some caution is warranted on the downside. It should be noted, that the $1,352 mark is a significant level over the short and medium terms, as it coincides with the upper boundary of the descending triangle pattern (daily chart). The $1,300 level remains the key support for the medium term, which includes the daily 100-SMA. All in all, the daily chart certainly suggests we are due some gold strength.

XAUUSDH4080916.png

Wednesday, 07 September 2016 07:15

Gold Booked Profit at $1,341

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Published in Commodites & Metals

The yellow metal rose more than 2% over the last two days and created a new two-week high. The XAU/USD pair is recording the sixth consecutive green day and penetrated the daily descending trend line to the upside. Additionally, during yesterday’s session the precious metal exposed to the $1,352 resistance level and surpassed above our suggested target for the bulls at $1,341 (see the

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Tuesday, 06 September 2016 07:04

Brent Crude Oil: Target Locked at $48.90

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Published in Commodites & Metals

The Brent Crude Oil is still looking much more bullish, following the aggressive pullback from the $45.40 support level. The oil is creating the third consecutive positive day and surged more than 2.3% during yesterday’s session. The price surpassed above the 200-SMA while is currently trading slightly below the 100-SMA and 50-SMA on the 4-hour chart. On our yesterday’s session, we suggested

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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

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Thursday, 01 September 2016 07:26

Gold Plunged More than 2% Since Last Week

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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.

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Tuesday, 30 August 2016 06:51

XAU/USD to Rebound Back to $1,350

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Published in Commodites & Metals
Thursday, 25 August 2016 05:55

Gold Remains Inside the Triangle!

Published in Commodites & Metals
Tuesday, 23 August 2016 07:18

WTI Fell And Reached Our Suggested Target!

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Published in Commodites & Metals
Tuesday, 23 August 2016 07:15

Silver: The Market Opened With a Gap

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Published in Commodites & Metals

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