Precious metals news

Very narrow consolidation and several attempts to breach the resistance level that has shifted today to 744.35 where the metal failed to close below the 50% correction level in the above image on the four hour charts. The relative strength indicator is very neutral while the ADX indicator is showing...

Not much change since yesterday except that we now see silver being overbought on the stochastic indicator where we don\'t expect trading to be above the key resistance for the descending channel at 9.83. The upcoming trend is to the downside if trading remains below the mentioned level. The trading ...

Gold is still trading below the key support that has shifted today to 747.15 and 754.50 and the critical leve at 777.50. Despite the sideways trend on the short run continues, we expect to see a decline soon in another attempt to reach levels below the 700 mark. The trading range for today is among ...

The metal has a greater chance now to decline further after reversing from the key resistance level that has shifted today to 9.98. If trading remains below this level, this will confirm the bearish channel on he short term that will take silver to levels below 9.00 where targets are now at 8.05-8.1...

The U.S. dollar was mixed against other major currencies in European trading Monday. Gold fell. The euro traded at $1.2719, down from $1.2797 late Friday in New York.

As the week begins, the shiny yellow metal remains appealing in the market similar to the past days as the dollar is still weak and is slightly advancing against the euro and the yen, knowing that the gold and the dollar have an inverse relation. Gold prices are still forming an upside wave and are ...

Gold lead numerous attempts by the end of last week to steady above the key resistance level for the triangular technical pattern yet they all failed as the four-hour closing was seen below 751.85 and for that the gold is still heading to the downside over the short term despite the high volatility;...

Silver is still trading sideways within the downside wave where its major resistance is seen at 10.03 for today; continued trading below this level will resume the intraday downside wave supported by Stochastic that is overbought while trading steadily above 10.03 will resume the upside wave towards...

The U.S. dollar was lower against most other major currencies in European trading Friday. Gold rose. The euro traded at $1.2703, up from $1.2387 late Thursday in New York.

The metal surprisingly rose yesterday after breaching the 720 level where the 700 psychological barrier was able to limit further losses. The incline failed to breach the key resistance that is now at 751.85 and we see that trading below this level will result in a possible reverse to the downside. ...

Silver fell to reach the 38.2% extension where it rebounded quickly to the upside yet we see movements for today will be fluctuating unless the metal breaced the 8.79 or 10.05 levels.The trading range for today is among the key support at 9.41 and the key resistance at 10.54. The general trend is to...

The U.S. dollar was mostly higher against other major currencies in European trading Thursday. Gold fell. The euro traded at $1.2472, down from $1.2512 late Wednesday in New York.

Finally, the downside channel is being created on the intraday charts where it is expected to continue if the metal remains trading below the key support for the sideways correction which is at 746.45 while the 754.85 level is confirming the downside. If trading remains below the 720 psychological b...

The pair continues to decline heavily after rebounding fromt he key resistance for the downisde channel that was confirmed during trading last Tuesday where it is expected to continue as far as trading is below 10.05 and targeting 8.79 on the short term.The trading range for today is among the key s...