Tag Archives: Gold
GOLD ANALYSIS
GOLD confirmed yesterday a very weak closing below the 1670 key level. We expect further weakness toward the 200 days line at 1616,50 with a possible extension later on toward the 1500 area.
GOLD ANALYSIS
GOLD confirmed a strong closing last night suggesting another test on the upside; a daily closing above 1767,10 will resume the move up but we do not expect much higher levels.
GOLD ANALYSIS
GOLD confirmed last night a weak closing well below the low of the previous session supporting lower levels. A daily closing tonight below 1721,10 will confirm a top at 1767,10 suggesting a firm test of the key level at 1670,50!!
GOLD ANALYSIS
GOLD confirmed on Friday even a 1767 overshooting before however closing lower. The weekly closing was strong above the top of the previous week.
GOLD ANALYSIS
GOLD confirmed yesterday a session of consolidation forming a new inside day with now 1728,50 – 1666,00 the levels to follow in the coming hours.
GOLD ANALYSIS
GOLD confirmed a further weak closing breaking even below the support line that opened the way for an extension of the drop toward the 200 days line at 1592,40!
GOLD ANALYSIS
GOLD confirmed a positive closing on Friday while remaining interior the previous day’s range.
GOLD ANALYSIS
GOLD confirmed a weak closing well below the key level at 1736,60 confirming therefore the double top formation and supporting a possible extension of the decline toward the support line, now at 1681,60!!
GOLD ANALYSIS
GOLD confirmed a strong closing on Friday above the top of the previous session but only a daily closing above 1804,50 will confirm higher levels.
HSBC: Currencies: Technical Analysis: Copper collapse to continue
Copper should hit new lows in coming weeks. The wave down from the summer high is not yet complete and this barometer of economic strength is signalling continued pressure on “risk”. Gold is about to break much lower from its completed double top pattern but Crude Oil is holding on to some bullish potential.
What matters today (Asia edition)
Developed macro 1. ECB meeting on Thursday is the obvious focal point of another eventful week in the Eurozone. Greece still in the spotlight, but no decision expected at today’s Eurogroup meeting. 2. Datawise, the final releases of Eurozone PMI indices today should remain consistent with economic weakness in the periphery. 3. The US ISM […]