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ABC Bullion

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.


August Technical Report - Precious Metals Analysis

The dominant (market) news for August was the Jackson Hole symposium, where Fed Chair Jerome Powell gave a dovish speech, followed by some weak ADP and NFP data. Given the focus by the Federal Reserve...

10 September 2021

July Technical Report - Precious Metals Analysis for 2021

This has impacted Australia of course, and the other 131 countries that it has spread to bringing with it the appearance or possibility that it will out-run vaccine development and distribution at thi...

10 August 2021

June Technical Report: Mid Year Gold Analysis

Gold dropped from the recent high as markets absorbed the Fed thoughts on tightening, interpreting the notes as evidence of faster rate of tightening and sooner than expected.

Gold fell sha...

29 June 2021

Monthly Precious Metals Technical Analysis - May 2021

Gold’s fortunes change wildly as the market held key support levels in March and April before rebounding to test resistance at US$1871, the top of the Weekly Cloud. Markets reappraised the rapid...

18 May 2021

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