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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
Wednesday, 22 June 2016 11:23

XAU/USD On Possible Correction

Written by
Published in Commodites & Metals

Gold futures extended losses from the previous session in European trade on Wednesday, falling to the lowest level in almost two weeks as investors looked ahead to Thursday’s referendum on whether Britain will choose to remain in the European Union or not.

The yellow metal consolidates over a month below the psychological level of $1,300. The XAU/USD pair is under pressure to deliver a red week, -0.56%, as is on track to deliver another negative session which will be the third in a row. The price bounced from the 50-SMA on the daily chart and found a difficulty to fell below. The same happened on the 4-hour chart with the 100-SMA.

Having in mind the above, if the price declines over the referred obstacles then it will meet the $1,250 barrier which coincides with the 200-day SMA. The alternative scenario for the precious metal is to rise until the $1,300, after taking out the $1,275 resistance level. In addition, the momentum indicators have turned lower but are still in a positive territory. The MACD oscillator crossed its trigger line to the downside while the RSI indicator is sloping downwards and is close to enter the negative territory.

XAUUSDDaily22616

Tuesday, 21 June 2016 11:05

UK Brent Oil Weekly Outlook

Written by
Published in Commodites & Metals

Oil prices pushed lower in European trade on Tuesday, falling for the first time in three days as the market remain focused on the Brexit concerns. The UK Brent crude oil managed to remain above the critical level of $50.00 and it gets a strong support from the 50-SMA on the daily chart.

On the 4-hour chart, the Brent crude oil is currently trading above the 50-SMA and the 100-SMA, as well as above the 200-SMA. Looking at the daily chart, the moving averages support the bullish picture since the 50-SMA and the 100-SMA crossed the 200-SMA. Therefore, a break above the $51.00 level should then challenge the next obstacle at $52.30. Technical indicators, MACD endorse the bullish scenario since it is in a positive territory, whilst the RSI oscillator is in a positive area but is sloping downwards. The levels to watch to the downside will be the $47.00 and then the $42.50 – $43.50 zone. For now, however, the trend remains upward based on short term charts and will require a larger decline in order to begin to put downward direction.

BrentCrudeDaily210616

XAU/USD was down for a second session on Tuesday, after rising as high as $1,315 the previous week. The precious metal has been firmly capped below the psychological level at $1,300 since January 2015, having made several failed attempts over the last few weeks at closing (daily) above that critical level.

It may be too early to say that the yellow metal is looking bullish again

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Thursday, 16 June 2016 07:41

XAU/USD Booked Gains After Fed!

Published in Commodites & Metals

The precious metal has just reached the higher level since early May after the U.S Federal Reserve's decision to be less aggressive in tightening monetary policy. The Federal Reserve kept interest rates on hold during yesterday’s meeting and announced that it still planned to raise rates twice in 2016. Gold is sensitive to interest hikes, which increase the opportunity cost of holding the

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Monday, 13 June 2016 09:50

XAU/USD is About to Exit its Range

Written by
Published in Commodites & Metals

The precious metal surged for a fourth consecutive day after hitting its highest in nearly four weeks on early- Friday, supported by a softer dollar and ahead of key central bank meetings (Fed, BoE and BoJ) this week, as well as ahead of the EU referendum.

The yellow metal rose above the 50-SMA to $1,284 in early Monday trading, and hovers around the $1,280 price zone ahead of the NY

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Wednesday, 08 June 2016 07:49

Gold and WTI Technical Outlook

Written by
Published in Commodites & Metals

Gold covered almost the half of its earlier losses
The precious metal reached a fresh two-week high as the possibility of an early U.S. interest rate hike appeared to dim following dovish comments by Fed chair Janet Yellen earlier this week. The yellow metal, which fell more than 7% in May, has risen about 3% so far this month on

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Monday, 16 May 2016 08:16

Brent Crude Forecast

Published in Commodites & Metals
Friday, 29 April 2016 06:09

Huge Profits on GOLD!

Published in Commodites & Metals
Tuesday, 26 April 2016 07:22

XAU/USD bounces off lows towards $1,260

Written by
Published in Commodites & Metals

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