At the time of publishing this report one may say that our ongoing positions in gold and silver seems not favorable at all and we surely can't argue on that because that's really the case-precious metal market has really disappointed us from the last month-The top three drivers for yellow metal this week have been the volatile stock market,weaker greenback and...
let's start the update with gold prices-At the time of writing this report gold prices are down and trading at around $1237 while white metal is trading at $14.56-we witnessed some pressure on precious metal sector as greenback has gained it's strength and moved to it's two year high-we already informed you that the ongoing trade war is damaging china economy ...
we will post the detailed analysis later-This is just a quick reminder that we still beleive that precious metal sector is very bearish for the mid-and long term Please, note-We do believe the major turning point in gold -0.37% and silver -0.35% is about to come in coming months but before that happens it's crucial to understand that the precious metals sector...
Today's analysis, we would like to cover consequential fundamentals and technicals which can affect gold and silver prices in both short-term and long-term let's start the update with gold prices-At the time of writing this report gold prices are down and trading at around $1223 and silver prices are sharply lower trading at $14.28 which implies that our...
We witnessed a big rebound in crude oil prices and a slight weakening in U.S. Dollar index today-one more factor which contributes to this short-term corrective upswing rally in precious metals is U.S Existing Home sales rise but despite the better than expected data graph of home sales have been in a large decline over the beginning of this year and overall...
There is much to talk today as gold 0.23% and silver 0.00% prices trading in a very quiet manner today, This week could be quieter trading week as U.S Thanksgiving is on Thursday and U.S market will close early on Wednesday as many traders will be out from the market for the preparation of Christmas celebration-However we would like to inform you that our...
Gold and Silver prices are trading higher despite the Stronger U.S. dollar index and U.S equity market-it's time to celebrate for the precious metals bulls? yes but this celebration won't last too long-Today numbers of U.S economic data has been released with the gold and silver prices had little to no impact because of these releases.we also witnessed plunge in...
short-term Trades Currency Pair: XAUUSD(Gold) Sell Stop Entry Price:1220 Take Profit: 1180 Stop Loss:1240 Capital Risk:200USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 400USD Risk/Reward: 1:2 (we can adjust (limit, close or even reverse) the position before this price level is reached) we don't recommend you to...
ECONOMY AT GLANCE-Yellow metal was trading around it's psychological resistance-$1200 from almost two days but finally today it broke above and reached almost $1216, our trailed stop loss for our short-term trade was set at our entry price@1210, so we got nothing from this particular position as this was a risk-free trade. However gold wasn't even able to hold...
we witnessed the equity market correction in previous months where analysts were fearful of coming next financial crisis as we saw in 2008 or even bigger than that but our study suggests that despite the equity market correction investors and long-term traders aren't interested in the precious metal sector because they aren't afraid of a bear equity market. The...
Short term Trades Currency Pair: XAG.USD(silver) Sell Entry Price: 14.500 Take Profit: 14.000 Stop Loss: 15.00 Capital Risk: 200USD-(amount may vary depending on your account size and risk tolerance) Potential Reward: 200USD Risk/Reward: 1:1 (we can adjust (limit, close or even reverse) the position before this price level is reached) we don't recommend...
when we joined this public platform one year ago by other account and predicted the gold fall from 1358 to 1150 and silver from 15.80 to 13$-some people called us crazy,delusional or some even abused us after that when we closed our position at 1260 people thought it was just a luck factor-it took three-four more trades to make them convinced that we really know...
Please note this is the most basic chart created for newbies, forecasting precious metals over long-term takes years of practise,experience and hard work which includes to watch out for inflation,interest rates,The dollar and yen link,The Economy,world instability,alternative investment,mining stocks performance ,gold and silver ratio,mastering of apex triangle...
The FOMC meeting held on Thursday where policymakers said that economic condition remains to be strong and most interestingly suggested more gradual increases in the interest rates. This helps the dollar to be more strengthen whereas we also witnessed the lower crude oil prices and as a result, PMs plunged in a significant manner, Please note-wall street has also...
QUICK NOTE-This post is a quick notification to let you know that today's quite share move lower in PMs helped us to pull out our short term position in gold and silver,In other words take profit hit for gold and silver in short term position,However our long term position are still active and we do beleive that our profit in long term position is likely to change...
The midterm election has been already ended which resulted in the Democrats now controlling the house of representative, at least they got the needed majority so now they would be able to control the House of representatives, but what about gold and silver? let's come to the point following the election the dow jones broke 26000 point, The S&P had made a quite...
In the above chart we described our long-term downside target for the gold,however please keep in mind these forecasts may change in future depending on the overall market condition for the precious metal sector as we are not the pemma bears for gold and silver as some guys have told us rather we believe in strategical investigation over precious metals then we...
U.S. dollar index erased its mid-early losses and as U.S Stock indexes follow the same consequently Gold and silver prices have lost their early gains and now gold is trading below $1226 while silver also broke the 14.6$ mark and at the time of writing this analysis it settles around 14.49$ mark(Please keep in mind silver has a tendency to outperform gold which...