CommodityOnline

As mentioned in last commentary, if prices break above $ 1405, gold can jump higher to test the 31.8% retracement line at $ 1424 (it reached as high as $ 1425). It did just that and then gave back...

After retesting the 1400.00 support level on Friday, gold rebounded at the start of the week attempting towards the 1428.00 resistance level once again.a A break above this resistance may extend the...

Silver continues to consolidate below 24.00 likely resistance level, pushing gradually higher within an ascending triangle pattern. A break above 24.00 would complete the pattern, and signal a short...

WTI crude oil is fluctuating below 89.00-89.35 resistance level, after breaking the main ascending trend line as shown on the image. in addition to the 200-days SMA , the short term bias has turned...

Over the last few weeks, gold experienced a major breakdown. There are of course many opinions as to what will happen next. Let's take a broad look at the technicals, so that we have some context for...

Silver closed unchanged on Friday. The low range close set the stage for a steady to lower opening when Monday's night session begins. Stochastics and the RSI are neutral to bearish, signaling that...

Gold closed higher due to short covering on Friday. The midrange close sets the stage for a steady opening on Monday. Stochastics and the RSI are turning neutral to bullish, hinting that a short term...

Natural Gas closed lower on Friday. The high range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bullish, signalling that additional gains are...

U.S. Oil closed higher due to short covering on Friday. The high range close sets the stage for a steady to high opening on Monday. Stochastics and the RSI remain neutral to bearish, signalling that...

The recent drop in gold and silver is not critical to buyers of physical metals. Rather, it is an opportunity – to buy more at lower prices; at worst, it is an irritation, since it means a...

Gold faces several resistance at $ 1397 and $ 1402.50 (Thursday's high), but once we break past $ 1405, gold could retrace higher to test the 31.8% retracement line at $ 1424 area. Meanwhile, the 4...

Silver is approaching the short term resistance at 23.70-24.00 area. This resistance should form a ceiling for price, and otherwise a break above 24.00 will complete a minor double bottom pattern and...

Gold managed to break above 1400.00 level. On Thursday we mentioned that breaking this level will negate any intraday bearish scenario, and extend the correction probably towards 1428.00 next...

WTI crude oil extended earlier gains, approaching the key resistance around 90.00-90.50 area. We still expect price to reverse course and resume the overall bearish wave. Only a break and steady...

Silver closed lower on Thursday. The low range close set the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish, signaling that sideways to lower prices are likely near...