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Gold price ended April with a bang – declining by over $50 yesterday, and closing the month about $150 below its high. And that, my friends, is an epic reversal. Gold price was likely to decline here, as it has already broken below the rising ...
Both key precious metals moved decisively lower today, which is in perfect tune with their recent price patterns. Consolidations, pauses, and breathers are the same thing (their length differs) and they serve one purpose – to cool down people’s ...
Markets are connected, and what happens in stocks and currencies is likely to impact gold as well. Today’s analysis is going to be short as very little happened on the markets on Friday and in today’s pre-market trading, and whatever happened was ...
What a powerful sign from gold and the USD Index! It was just yesterday when I wrote that the gold-USD link is likely to be back and that gold can decline even without USD’s rally or during its consolidation, and yesterday’s session already ...
Silver continues sideways as markets fluctuate following Friday’s volatility. The silver futures contract lost 1.19% on Tuesday, April 16, as it fluctuated following its Friday’s rally and an intraday decline from a new medium-term high of $29.91. ...
In short, everything that I wrote yesterday and on Monday remains up-to-date. Gold is rallying regardless of what’s happening in other markets, and while there are signs of a top, gold appears to simply not care about them at the moment. We see, ...
Gold is rallying regardless of what’s happening in other markets. And while there are signs of a top, gold appears to simply not care about them at the moment. In particular, the gold price keeps on forming daily reversal candlesticks, which ...
Silver is still relatively weaker than the record-breaking gold. The silver futures contract gained 0.66% on Thursday, March 28, as it extended its rebound from Wednesday. It basically continued sideways after slightly extending its short-term ...
The announcement of the week award goes to BoJ that just hiked rates for the first time in 17 years. Not without impact on gold. In the aftermath of the decision, the Japanese yen fell in value, which might seem surprising unless one knows about the ...
Oil stocks broke above important resistances, hitting a fresh multi-year peak. Is this the end of the bears? Technical Picture of the XOI In recent days crude oil reversed and jumped above the early March peaks, breaking above the barrier of $80. ...
Gold price finally declined yesterday, but it’s still above its 2023 high – is this just a verification? In short, that’s possible, but it’s not what appears likely. Despite yesterday’s (still relatively small) decline, gold remains extremely ...
The market buys on rumors and sells on facts – even if they are positive. But if the facts are negative… Then the market sells substantially, and the price declines significantly. The recent rally can most likely be attributed to the rumor that the ...
Another day, another decline in the miners. But given what’s happening in gold and stock futures, there’s more to come. Yesterday’s session brought us a small, profitable daily decline in the mining stocks. After verifying their breakdown, miners ...
After moving higher on Friday, the gold price disappoints today. What’s going on? Which move is real? There was no major news on either day (Friday or today), so the odds are that the price moves were of a technical nature. I wrote about that in my ...
Yes, it could be a process and not a sharp U-turn. And we’re likely seeing the start thereof. Gold price (precisely: gold futures) moved lower yesterday, and it even moved temporarily below $2,000. Gold ended the day a few dollars above the $2k ...
In real (inflation-adjusted) dollars, both gold and silver peaked in 1980. We'll look at charts for the two metals and discuss their applicability to current price expectations. Silver first. The first chart for silver is a history for the past ...
Forecasting gold prices is not that difficult if you focus on the right things. The key is knowing what they are. Many people are interested in commodity prices, but very few people know that in order to predict the prices of gold, it’s great to ...
Defense of the support zone, proximity to the upper line of the channel, and candle formation. How did this affect the bulls? During the last week, we could observe an interesting game between market participants, which ended with a change of the ...
“Whites lead yellow” is one of the sayings about the precious metals market. And the white – silver – is down. That saying describes one of the rules of thumb for the precious metals sector – that silver can be indicating something for gold. There ...
…only after further, significant loss of U.S. dollar purchasing power. We are currently in the midst of the latest round of projections for new highs in the gold price. Those projections are more the result of anxious anticipation and elevated ...