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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 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

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

The sudden increase in European COVD-19 cases and deaths, particular in Italy and a wave of lock-downs across the globe propelled equities downwards, and helped push crude lower, forcing gold down as ...

30 March 2020

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

How easy are financial conditions? ‘This easy’ – much easier than they were in the run-up to the GFC, another indicator that helps contextualise the floaty nature of almost everythin...

20 February 2020

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

Gold launches into the New Year after being galvanised by the drone killing of Qasem Soleimani in early January. CME gold longs have risen to the highest level since September 2019. Uncertainty in the...

23 January 2020

Monthly Technical and Precious Metals Positioning Report - Gold - December 2019

Gold bullish medium term. Early December Managed money longs 21.23 million Tozs, shorts slightly up at 2.93 million.  Support levels at US$1445 and US$1413. Targets in 2020 US$1590. Scope for ris...

19 December 2019

Monthly Technical and Precious Metals Positioning Report - Gold - November 2019

Gold dropped to a low of US$1,445.70 on the 12th of November, touching the 38.20 pct. Fibonacci retracement before recovering slightly. The 7.00 pct. move down from the US$1,557.10 high looks correcti...

20 November 2019

Monthly Technical and Precious Metals Positioning Report - Gold - October 2019

Gold positive on continued easy—money policies, range-bound within daily Ichimoku Cloud. MM longs reduced to 21.832 million,. Support at US$1446 and US$1,412. Above S$1,477 gold looks as if it c...

01 November 2019

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