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Technical Analysis

Each month, ABC Bullion's Global General Manager Nick Frappell provides a technical analysis of the precious metals markets with short and medium term price targets and support and resistance levels utilising Fibonacci levels, Ichimoku Clouds, Point and Figure charts, COMEX trader positioning and Volume-Weighted Average prices. Nick holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

 

Monthly Precious Metals Technical Analysis - March 2021

Gold made another significant decline in February as US yields rose sharply, with 10-year yields rising about 54 bp from open to high through the month. After initial support from the top of the Weekl...

04 March 2021

Monthly Precious Metals Technical Analysis - February 2021

Gold declined rapidly after the last report after the US dollar staged a recovery from near the 2018 lows and bond yields rallied to the highest since March 2020, hitting US$1804 before making a bulli...

03 February 2021

Monthly Precious Metals Technical Analysis Report - January 2021

Gold recovered well in December, and in early January, before coming to a halt at the 61.80 % retracement of the August-November decline at US$1955. The move higher paused at the daily cloud, oscillat...

13 January 2021

Monthly Precious Metals Technical Analysis Report - November 2020

Gold started well in November: it held key supports after closing the previous month above the Weekly Standard Line at US$1873 and rallied. Positive news about vaccination then drove the price sharply...

08 December 2020

Monthly Precious Metals Technical Analysis Report - October 2020

Gold was dominated by the DXY and of course, by the upcoming Presidential election. And then it was brutally dominated by a vaccine announcement, which did more to the gold range than a mere election....

10 November 2020

Monthly Precious Metals Technical Analysis Report - September 2020

The last few weeks have seen a slight recovery in inflation linked yields and Dollar Index technical rebound took some of the oxygen out of gold. Should dips in the gold and silver price play out...

07 October 2020

Monthly Precious Metals Technical Analysis Report - August 2020

August was a huge month for gold, posting all time new highs and then a $212/10% drop over 4 days. In today’s 360 Monthly Review, Nick evaluates the action and says that while the market remains...

07 September 2020

Monthly Precious Metals Technical Analysis Report - July 2020

An enormous month for gold in July, with USD gold closing US$202 above the open. It has been very hard to call a top, and a bit pointless to try, but recent targets to US$2,060 levels may indicate whe...

06 August 2020

Monthly Precious Metals Technical Analysis Report - June 2020

Gold made an uncertain start in June, hitting cloud base support and then making a steady climb to end the month on the highs, as bond yields declined, equities gave up some ground and the Dollar Inde...

03 July 2020

Monthly Precious Metals Technical Analysis Report - May 2020

Gold is clearly bullish with resistance at $1,765 and support at $1,712. A powerful rebound by Aussie dollar appears to have run much of its course, targeting 0.686 & 0.697.  We also look at ...

03 June 2020

Monthly Technical and Precious Metals Positioning Report - Gold - April 2020

As Coronavirus forced the shut-down of a number of large refineries, a shudder of fear passed through the Comex shorts as concerns rose over the ability to deliver into April and subsequ...

28 April 2020

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