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Category Archives: Commodities And Indices

The commodities and indices category covers popular markets including Gold, Silver and benchmark indices. Price action is the primary analysis covered with a view to likewise reporting any major fundamental updates.

Gold Technical Analysis Update – 22nd July – XAUUSD Outlook

Gold Technical Analysis Update – 22nd July – XAUUSD Outlook

Gold Technical Analysis Update  – 22nd July – XAUUSD Outlook A look at the XAUUSD daily chart below shows the price of gold is approaching a technical confluence area after breaking above prior $1300 area resistance.  The move above $1300 was the first breach of this psychological level since end-June. The technical confluence area is comprised of the followingContinue Reading

Gold Technical Analysis – 16th July – XAUUSD Outlook

Gold Technical Analysis – 16th July – XAUUSD Outlook

Gold Technical Analysis – 16th July – XAUUSD Outlook A look at the XAUUSD weekly chart shows gold is approaching the former support area around the XAUUSD 1320 mark – which could potentially see an element of resistance if hit. Gold has seen a period of consolidation heading into this week after last week’s rapid gain, as marketContinue Reading

EURUSD Trading At Key Support, Gold Spot Rebounds From 34-month low – July 1st

EURUSD Trading At Key Support, Gold Spot Rebounds From 34-month low – July 1st

EURUSD Trading At Key Support, Gold Spot Rebounds From 34-month low – July 1st (Guest Technical Analysis Post From Lars Frank) The EURUSD pair found strong support at the descending trend line on Friday.  The key pair had broken above this trend line on Thursday and found resistance around the 200 period simple moving average. SeeContinue Reading

Gold Technical Analysis – 27th June – XAUUSD Outlook

Gold Technical Analysis – 27th June – XAUUSD Outlook

Gold Technical Analysis – 27th June – XAUUSD Outlook Gold has pushed under the prior $1,270 area near term support level today – with a continuation of the prevailing bearish XAUUSD trend. Our last update highlighted the weekly timeframe close under the key $1,320 area.  We likewise noted that price was trading under the triangle consolidation pattern after theContinue Reading

Gold Technical Analysis – Weekly XAUUSD Close Under Key Technical Level

Gold Technical Analysis – Weekly XAUUSD Close Under Key Technical Level

Gold Technical Analysis – Weekly Close Under Key Technical Level Gold has broken below the key support level around $1300 late this week.  This area also marks the 50% Fibonacci retrace level of the move higher from October 2008 through September 2011. The weekly timeframe chart below shows price printing a close under this keyContinue Reading

S&P500 – SPY Trendline Breakout – SPDR SPY Update – Guest Analysis

S&P500 – SPY Trendline Breakout – SPDR SPY Update – Guest Analysis

S&P500 – SPY Trendline Breakout – SPDR SPY Update – Guest Analysis Fears that the Federal Reserve may start pulling back stimulus later this year are dominating risk sentiment.  The rise in the 10-year Treasury yield — which jumped to 2.53% on Friday, the highest level seen since August 2011 — is an area traders couldContinue Reading

Gold Technical Analysis 17 21 June – XAUUSD Chart Update

Gold Technical Analysis 17 21 June – XAUUSD Chart Update

Gold Technical Analysis 17 21 June – XAUUSD Chart Update Gold analysis.  XAUUSD has seen a prolonged consolidation phase after breaking strongly under the major long-term support area around the 1530 mark. U.S. Commodity Futures Trading Commission data update.  The latest Commitment of traders (COT) report data shows that large speculators, including hedge funds, have cut bets onContinue Reading