Metals Rally On China Rate Cut

Gold Despite slightly higher US yields, gold prices were higher this week as on-going trade tensions between the US and China have kept the US Dollar penned in. Markets had been hopeful of calmer trading given the Chinese President Xi’s recent speech at the Bao forum, in which he said that the country would be more open regarding trade policies...

2018-04-19 James Harte Read more

Intraday Levels showing that Gold still have room for this rebound correction as market ability to hold trades between support 1340-42 and resistance 1360-62 Below 1340 more drop toward 1330-32 may hit the market which in turn may push gold up again Below 1330 more drop toward 1318 is expected Above 1362 Gold may head for a try to break...

2018-04-19 رامي أبو دراع Read more

Gold short-run still holding strong with continues try for farther advance Short-Run support laying at 1333 and 1318 where as long as market holding above more advance toward 1375, 1392 and 1325 still expected Below 1333 Intraday may provide more drop to test 1318 befor advance back again at market Above 1365 market may head for farther...

2018-04-18 رامي أبو دراع Read more
Safe Haven Demand in Gold

Gold: Geopolitical Concerns Fuel Safe Haven Demand Gold prices rallied this week as the market saw a strong influx in safe haven demand due to rising geopolitical uncertainty. The escalation in tensions between the US and China due to Trump’s protectionist import tariffs and Beijing’s subsequent reciprocation has been a key focal point for mark...

2018-04-16 James Harte Read more

Gold still showing momentum inside the Intraday Levels where market showing a rising wedge formation with resistance laying at 1340-43 As long as market holding below this resistance another drop wave will be expected toward 1315-19 zone Above 1343 Gold may head for farther advance to re-test old resistance 1350-55 zone Below 1331 Intra...

2018-04-10 رامي أبو دراع Read more
Metals Rocked As US Trade Sanctions

Gold: Chinese Trade Retaliation Fuels Safe Haven Demand The yellow metal saw a strong rally initially on the week as the market saw a strong safe haven bid on the back of news that China was retaliating against trade import tariffs imposed by the US.  President Trump recently announced a move to impose $60 billion worth of tariffs on Chinese im...

2018-04-10 James Harte Read more

We still holding our same last model Gold still holding Short-Run trading zone where as we see over the chart support laying at 1307-13 and resistance at 1350-55 As long as market holding below 1350-55 resistance another dip wave will be expected to test 1310-15 zone Above 1355 more advance to test 1370-75 resistance is expected &nbs...

2018-04-04 رامي أبو دراع Read more

Gold still holding Short-Run trading zone where as we see over the chart support laying at 1307-13 and resistance at 1350-55 As long as market holding below 1350-55 resistance another dip wave will be expected to test 1310-15 zone Above 1355 more advance to test 1370-75 resistance is expected   Support ...

2018-04-03 رامي أبو دراع Read more

Gold managed to sustain drop march after broke below 1340 where managed to hit first target 1325 Market managed to rebound on Global Banks holiday where Intraday Levels showing resistance at 1334-36 zone As long as market holding trades below 1336 the downtrend march may sustain to test 1307-12 support trend Above 1336 the market may be...

2018-04-02 رامي أبو دراع Read more

Gold managed to break below 1340 where more drop hit the market toward 1325 as we advised yesterday Market also managed to hit below 1325 which may add more drop pressure to test 1307-10 zone which in turn may provide another advance toward 1350 Below 1302 the risk for farther drop wave toward 1260-70 zone may hit the market ...

2018-03-29 رامي أبو دراع Read more