After its vicious falls during the height of the coronavirus pandemic, silver’s recovery has been remarkable. Demand concerns were initially replaced by supply worries, causing prices to bounce back, before the rally took hold on easing of lockdown measures alleviating some of these concerns. Giving silver an additional boost has been the actions of governments […]
[Video] Silver heading to $19? Read More »
Gold has been stuck in an ugly range for several weeks now. But more recently, the pressure has been growing for a downside breakdown as stocks surged on lockdown easing hopes and amid central bank support. Today, the metal was testing a key support level, and traders were wondering whether support will hold given the
Will gold hold THIS pivotal level? Read More »
The risk-sensitive AUD/JPY turned lower from a key resistance range in overnight trading, mirroring the price action on Wall Street where US stock indices gave up earlier gains to close at their lows Tuesday evening. The AUD/JPY has now for the second time in as many weeks failed to break thru the prior long-term support
AUD/JPY hits key resistance Read More »
Thanks to record low rates and QE, not to mention increased haven demand, gold has managed to retain most of its recent gains. And now it may have formed a key technical signal that it wants to break new 2020 highs. Take a look at this daily chart of gold: On Thursday, gold may have
GOLD creates THIS bull signal ahead of NFP Read More »
Last week all the major indices created inverted hammer candles like this on the S&P 500: If you look at Nasdaq, DAX, Russell you will see similar setups. So, IF those were the bearish reversal candles and after this week’s bounce back into resistance range, then we should be looking for bearish setups. The SPX
S&P at potential resistance after last week’s inverted hammer Read More »
