Gold is awaiting new development motorists

By | January 18, 2019

In spite of the continued unpredictability around Brexit, the”shutdown”in the United States and the prospect of decreasing the process of raising the Fed’s rate of interest, the gold exchange rate has not yet been able to conquer the $1,300 mark.

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Against the background of the emergence of inconsistent news concerning these occasions, gold market individuals appear to have taken a wait-and-see mindset, which is shown in the dynamics of the rare-earth element price.

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On the other hand, according to a variety of experts, gold still has likelihoods for growth.

“We believe that the existing year must be favorable for the yellow rare-earth element since monetary markets will experience instability, and for that reason investors will begin to refuse to purchase risky possessions,” stated agents of the World Gold Council (WGC).

“The undesirable political circumstance in Europe will also work as a supporting aspect for the cost of the precious metal. One of the primary issues of the European Union stays to be the unregulated exit of Terrific Britain from the European Union. Here, it is necessary to include the protests of the “yellow vests” in France and the federal government of Euro-skeptics in Italy. Another reason why financiers will choose to invest in gold – the weakening of the United States dollar and the low-interest rates of the Fed. In addition, it is anticipated that reserve banks will continue to purchase rare-earth elements in order to diversify their reserves,” they added.

“I think that one of the motorists of development in the cost of gold will be an increase in the US federal government debt. In the event of a recession in the country, the rate may increase by 5%. There is likewise the threat of a downward pattern in the stock market, which was last observed in the 1970s. Even its very first indications can make investors pay attention to gold,” said by John Hathaway of investment firm Tocqueville Management.

The material has actually been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

GBP/ USD: The attack of the 30th figure failed, the pair can go to 1.2860

By | January 18, 2019

The pound has gotten in once again the zone of unpredictability on the eve of the most crucial negotiations in between London and Brussels and the subsequent vote in your home of Commons. For two and a half years from the minute of the historical referendum, the British currency has consistently experienced strong volatility, which as a guideline, on the threshold of the essential phases of Brexit. Now the Briton reacts to the details background regarding the prospects of the settlement procedure. The stakes are expensive: if Theresa May finds a common measure between parliamentarians and the European Union, the deal can be authorized as early as next week. Otherwise, negotiations will drag out for numerous months, and Brexit’s date will need to be postponed to a later date(although May now declines this circumstance). In any case, the coming days for GBP/USD traders will be intense. London and Brussels” exchanged pleasantries “yesterday. The representative of the European Commission said that the European side is ready to think about a possible proposal by the British to hold off Brexit, if only they offer valid factors for this. Downing Street categorically rejected such a circumstance. A spokesperson for the British government said that if the EU revealed a proposition to extend the 50th article of the Treaty of Lisbon (which enables the postponement of Brexit), Britain will say no. In other words, the proposition to postpone the withdrawal of the country from the Alliance is not considered by the parties as a matter of priority – it is rather a backup plan, which will be relevant only if the British parliament fails to elect an updated draft of the deal.

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At the minute, the sequence of actions is as follows: on Monday, Theresa May presents her “Plan B” after talking to the leaders of parliamentary associations. Then, she should agree on a renewed handle Brussels if she undergoes considerable modifications on key problems, and proceed to a vote on January 29. In my opinion, the “European” phase of settlements is the most challenging in the procedure of the upcoming contract. On the one hand, the main arbitrator from the European Union, Michel Barnier, said the other day that the European Union is all set for a “more enthusiastic offer.” He did not clarify the significance of his expression, but the general message is apparent: Brussels is all set to sit down at the negotiating table, in spite of its “principled” position concerning the inviolability of the contracts reached. On the other hand, the marketplace questions it.

In this vein, the written appeal of the EU management to the British parliamentarians is a sign, which was sent out to London on the day of ballot on the initial draft of the deal. In this letter, Brussels described its method to Brexit’s main unsolved problem: the regime of border control between Ireland and Northern Ireland after the nation’s withdrawal from the Alliance. The letter did not have the main thing, not even a tip of the arrangement of legal warranties to Britain concerning the time frame of the backstop. Brussels limited itself to the phrase that the European Union would not utilize this program “beyond the strictly needed duration.” This is a rather vague phrasing, which, to name a few things, has no legal force. The European Union has when again verified that it is ready to extend the shift period.

Now, the fact that it is safe to say that this appeal is ineffective. From this, we can make an obvious conclusion that no spoken exhortations of Europeans can convince challengers of May, just legal assurances regarding the mode of action of the back-stop will shift the situation from a dead end. “Are you prepared to go all out in Brussels or not?” is an open concern. That is why today, pessimism has actually gone back to the marketplace concerning the potential customers for the upcoming talks and the pound, in tandem with the dollar, has suspended its development, waiting from the psychologically important mark of 1.30.

If we talk about macroeconomic statistics, then the situation is quite inconsistent as the British inflation reached the predicted level. The core consumer rate index even exceeded expectations, being at the level of 1.9%, while retail sales were clearly disappointed with -0.9% m/m and 3% y/y compared to the forecast of -0, 8% m/m and 3.6% g/g.

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Nevertheless, traders actually ignored these releases. Brexit is still a concern for the marketplace. Up until the end of the settlement process, the pound will focus just on this news background. This indicates that it is practically impossible to anticipate the price motion of GBP/USD, since any comment by agents of London and Brussels can turn the cost up or down, depending upon the context. Whereas today, GBP/USD bears can quickly pull the pair to the first support level of 1.2860 against the background of profit taking on the eve of agitated vacations.

The material has been offered by InstaForex Business – www.instaforex.com

Jonathon Alexander

Bitcoin analysis for January 18, 2019 888011000 110888 My the other day’s call is profitable and still active. I am still bullish on BTC from $3.575 however the level at $3.597 is a solid area to include another bullish position. It is the Fibonacci retracement 38.2%. Price is also near the lower Keltner band, which is a sign that intraday traders ended up being exhausted. Look for buying opportunities.Trading suggestions for today: We are still long on BTC from $3.575 with upward targets at the price of $3.647 and$3.687 and protective stop listed below the level of$3.520. The product has actually been supplied by InstaForex Business-www.instaforex.com

By | January 18, 2019

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My yesterday’s call is still active and profitable. I am still bullish on BTC from $3.575 but the level at $3.597 is a solid area to add another bullish position. It is the Fibonacci retracement 38.2%. Price is also near the lower Keltner band, which is a sign that intraday traders became exhausted. Watch for buying opportunities.

Trading recommendations for today: We are still long on BTC from $3.575 with upward targets at the price of $3.647 and $3.687 and protective stop below the level of $3.520.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Intraday technical levels and trading suggestions for EUR/USD for January 18, 2019 888011000 110888 Since June 2018, the EUR/USD pair has been moving sideways with a minor bearish tendency. Narrow sideway consolidations have actually been preserved within the portrayed day-to-day motion channel.On November 13, the EUR/USD pair showed recent bullish healing around 1.1220-1.1250 where the lower limit of the channel along with the illustrated demand zone pertained to satisfy the pair.Bullish fixation above 1.1420 was required to boost a more bullish movement towards 1.1520. However, the marketplace has actually shown significant bearish rejection around 1.1420 couple of times so far.Last week, a current attempt of a bullish breakout above 1.1520(the upper limit of the illustrated motion channel )was performed. Nevertheless, substantial signs of bearish rejection were revealed listed below 1.1520 and 1.1420 on the day-to-day charts. This renders the recent bullish breakout above 1.1420 and 1.1520 as an incorrect breakout. Any bullish pullbacktowards 1.1420 can be thought about as a legitimate OFFER entry for intraday traders.The present decrease below the key-level of 1.1400 encourages more sideway consolidations that may extend down to 1.1250 again where bullish rejectioncan be expected for a valid BUY entry.On the other hand, in case an effective bullish breakout above 1.1420 is attained once again, this improves a more bullish advance towards 1.1520, 1.1600(October’s High). The product has been offered by InstaForex Company- www.instaforex.com

By | January 18, 2019

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Since June 2018, the EUR/USD pair has been moving sideways with a slight bearish tendency. Narrow sideway consolidations have been maintained within the depicted daily movement channel.

On November 13, the EUR/USD pair demonstrated recent bullish recovery around 1.1220-1.1250 where the lower limit of the channel as well as the depicted demand zone came to meet the pair.

Bullish fixation above 1.1420 was needed to enhance a further bullish movement towards 1.1520. However, the market has demonstrated significant bearish rejection around 1.1420 few times so far.

Last week, a recent attempt of a bullish breakout above 1.1520 (the upper limit of the depicted movement channel) was executed. However, significant signs of bearish rejection were expressed below 1.1520 and 1.1420 on the daily charts.

This renders the recent bullish breakout above 1.1420 and 1.1520 as a false breakout. Hence, any bullish pullback towards 1.1420 can be considered as a valid SELL entry for intraday traders.

The current decline below the key-level of 1.1400 encourages more sideway consolidations that may extend down to 1.1250 again where bullish rejection can be anticipated for a valid BUY entry.

On the other hand, in case a successful bullish breakout above 1.1420 is achieved again, this enhances a further bullish advance towards 1.1520, 1.1600 (October’s High).

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Analysis of Gold for January 18, 2019 888011000 110888 Recently, Gold has actually lastly managed to break through the crucial support cluster at the price of $1,286.00, which is a sign that sellers took control over the purchasers. I have found the breakout of the trading variety( 6 days), which is another sign of weak point. Gold is trading within the downward Pitchfork channel. Secret resistance ended up being previous essential assistance (white shape on the chart) at the cost of $1,286.00. Trading suggestions for today: We are selling gold from the $1,284.00 with the revenue targets at the price of $1,276.20 and at the price of$1,264.50. Protective stop order is positioned above the$1,295.00. The product has been offered by InstaForex Business-www.instaforex.com

By | January 18, 2019

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Recently, Gold has finally managed to break through the key support cluster at the price of $1,286.00, which is a sign that sellers took control over the buyers. I have found the breakout of the trading range (6 days), which is another sign of weakness. Gold is trading inside of the downward Pitchfork channel. Key resistance became previous key support (white shape on the chart) at the price of $1,286.00.

Trading recommendations for today: We are selling gold from the $1,284.00 with the profit targets at the price of $1,276.20 and at the price of $1,264.50. Protective stop order is placed above the $1,295.00.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Palladium for the very first time in history priced more than gold

By | January 18, 2019

On Thursday closing of trading, January 17, the cost of palladium for the very first time in history exceeded $1,400 per troy ounce.

The rate of precious metals in the course of trading rose by 5.4%to $1,439.29 per 1 ounce. Currently, its quotes continue to grow, disregarding signals of deteriorating worldwide demand. Recall that given that August last year, metal prices leapt more than 65%.

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For a long period of time, the palladium market remains in short supply. In this regard, Scotiabank analysts are confident that in the future, the distinction between need and supply of palladium on the planet market will increase. According to the projections of the analytical business Metals Focus and the Institute of Geotechnologies, the deficit of precious metals will continue in the coming year. According to expert quotes, the palladium deficit on the planet will reach 1.4 million ounces by the end of 2019. Experts attribute this to the development in consumption in the automotive industry, where the top priority is the production of hybrid cars and trucks and gasoline-powered cars and trucks.

Over the past 3 years, the cost of palladium increased by a record of 170% and an increase of 19% by the end of 2018. Not a single metal revealed similar outcomes, professionals highlighted. Nevertheless, regardless of the increase in the rate of palladium, investors primarily continue to disregard this rare-earth element. Experts are positive that it is fantastic for investing, and the upward pattern of this metal may intensify.

Remember on January 9, 2019, the palladium set a new record worth of $ 1,329 for 1 ounce. According to experts, it has ended up being more expensive than gold. According to financial experts, palladium quotes will preserve an uptrend amid increasing geopolitical tensions and gradually high need from the automotive industry.

When purchasing the valuable metal, financiers in palladium should weigh all the dangers. Steady demand for it from the international vehicle industry can provide a disservice to market players. The other hand of the popularity of rare-earth elements from automakers is the strong reliance of the cost of palladium on the scenario in this market. In case of problems with automakers, the need for metal may deteriorate and its expense has actually been sharply reduced. A number of vehicle business are looking for an alternative to palladium because its cost and scarcity in the market add to greater production expenses.

The product has actually been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of AUD/USD for January 18, 2019 888011000 110888 Introduction: The AUD/USD set is set above strong assistance at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level. This assistance has actually been declined four times confirming the veracity of the uptrend. Hence, major assistance is seen at the level of 0.7046, because the trend is still revealing strength above it. Accordingly, the set is still in the uptrend in the location of 0.7046 and 0.7168. The AUD/USD pair is selling a bullish trend from the last assistance line of 0.7112 towards the very first resistance level of 0.7168 in order to evaluate it. This is verified by the RSI sign signaling that we are still in the bullish trending market. Now, the pair is most likely to begin an ascending motion to the point of 0.7168 and further to the level of 0.7219. The level of 0.7389 will serve as significant resistance and the double top is currently set at the point of 0.7389.At the exact same time, if there is a breakout at the assistance levels of 0.7112 and 0.7046, this situation might be invalidated. Overall, nevertheless, we still choose the bullish scenario.The product has actually been offered by InstaForex Company-www.instaforex.com

By | January 18, 2019

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Overview:

The AUD/USD pair is set above strong support at the level of 0.7046 which coincides with the 23.6% Fibonacci retracement level. This support has been rejected four times confirming the veracity of the uptrend. Hence, major support is seen at the level of 0.7046, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the area of 0.7046 and 0.7168. The AUD/USD pair is trading in a bullish trend from the last support line of 0.7112 towards the first resistance level of 0.7168 in order to test it. This is confirmed by the RSI indicator signaling that we are still in the bullish trending market. Now, the pair is likely to begin an ascending movement to the point of 0.7168 and further to the level of 0.7219. The level of 0.7389 will act as major resistance and the double top is already set at the point of 0.7389. At the same time, if there is a breakout at the support levels of 0.7112 and 0.7046, this scenario may be invalidated. Overall, however, we still prefer the bullish scenario.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of NZD/USD for January 18, 2019 888011000 110888 Introduction: The NZD/USD pair breached resistance which had become strong support at the level of 0.6705 today. The level of 0.6705 coincides with a golden ratio( 61.8 %of Fibonacci), which is anticipated to serve as major assistance today. The RSI is considered to be overbought, due to the fact that it is above 70. The RSI is still indicating that the pattern is up as it is still strong above the moving average(100). Besides, note that the pivot point is seen at the point of 0.6882. This recommends that the set will most likely go up in the coming hours. Appropriately, the market is likely to show signs of a bullish pattern. To put it simply, purchase orders are suggested to be positioned above 0.6800 with the first target at the level of 0.6882. From this point, the set is likely to begin an ascending motion to the point of 0.6882 and further to the level of 0.6984. The level of 0.6984 will function as strong resistance. If there is a breakout at the support level of 0.6705 , this circumstance might end up being invalidated.The material has been supplied by InstaForex Business -www.instaforex.com

By | January 18, 2019

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Overview:

The NZD/USD pair breached resistance which had turned into strong support at the level of 0.6705 this week. The level of 0.6705 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The RSI is considered to be overbought, because it is above 70. The RSI is still signaling that the trend is upward as it is still strong above the moving average (100). Besides, note that the pivot point is seen at the point of 0.6882. This suggests that the pair will probably go up in the coming hours. Accordingly, the market is likely to show signs of a bullish trend. In other words, buy orders are recommended to be placed above 0.6800 with the first target at the level of 0.6882. From this point, the pair is likely to begin an ascending movement to the point of 0.6882 and further to the level of 0.6984. The level of 0.6984 will act as strong resistance. However, if there is a breakout at the support level of 0.6705, this scenario may become invalidated.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Streamlined Wave Analysis of GOLD for the week of January 18 888011000 110888 Large-scale graph: The price motion of the gold market given that mid-August in 2015 is set by an upward wave and reached a strong level of resistance. In this case, the wave structure does not look total. Medium-scale graph: The rising area of November 13 gave rise to the last part(C)in the larger-scale structure on H4. The probability of the beginning of the approaching counter-corrective wave is high. Small graph: The bearish wave of January 4 at the time of analysis does not have a turning potential however may become the basis for a larger turnaround pattern in the future. Forecast and suggestions: The current time period is not the very best scenario to trade gold. The estimated purchase capacity has actually been tired and no conditions have been produced for sales. It is suggested to avoid transactions until clearer conditions appear on the instrument market. Resistance zones:-1305.0/ 1310.0 Support locations:-1255.0/ 1250.0 Explanations of the figures: The simplified wave analysis utilizes waves including 3 parts (A– B– C ). Three successive graphs are used for analysis. Each of these evaluates the last incomplete wave. Zones show computed areas with the greatest possibility of reversal. The arrows indicate the wave marking by the method utilized by the author. The strong background reveals the formed structure and the dotted displays the expected movement. Note: The wave algorithm does not take into account the period of tool movements over time. To conduct a trade transaction, you require confirmation signals from the trading systems you use! The material has actually been supplied by InstaForex Company- www.instaforex.com

By | January 18, 2019

Large-scale graph:

The price movement of the gold market since mid-August last year is set by an upward wave and reached a strong level of resistance. In this case, the wave structure does not look complete.

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Medium-scale graph:

The ascending section of November 13 gave rise to the final part (C) in the larger-scale structure on H4. The probability of the onset of the oncoming counter-corrective wave is high.

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Small-scale graph:

The bearish wave of January 4 at the time of analysis does not have a turning potential but may become the basis for a larger reversal pattern in the future.

Forecast and recommendations:

The current time period is not the best situation to trade gold. The estimated purchase potential has been exhausted and no conditions have been created for sales. It is recommended to refrain from transactions until clearer conditions appear on the instrument market.

Resistance zones:

– 1305.0 / 1310.0

Support areas:

– 1255.0 / 1250.0

Explanations of the figures:

The simplified wave analysis uses waves consisting of 3 parts (A – B – C). Three consecutive graphs are used for analysis. Each of these analyzes the last incomplete wave. Zones show calculated areas with the highest probability of reversal. The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure and the dotted exhibits the expected movement.

Note: The wave algorithm does not take into account the duration of tool movements over time. To conduct a trade transaction, you need confirmation signals from the trading systems you use!

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Indicator analysis. Daily review for January 18, 2019 for the set GBP/ USD

By | January 18, 2019

Pattern analysis (Fig. 1). On Friday, work down from the first lower target of 1.2925 is a rolling level of 14.6%(yellow dotted line). Fig. 1(daily schedule). Detailed analysis:-sign analysis-down;-Fibonacci levels-down;-

volumes -down; -candlestick analysis-down;-pattern analysis

– up;-Bollinger lines – down;

– weekly schedule – down.General conclusion: On Friday, work down from the very first lower target of 1.2925 is a rolling level of 14.6%(yellow dotted line). The product has been offered by InstaForex Business – www.instaforex.com

Jonathon Alexander