Login
Create Account
Login
Create AccountTechnical 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.
March Report: Precious Metals Technical Analysis
Gold traded to within five US dollars of the August 2020 highs before rolling over very rapidly as the initial ‘insurance effect’ diminished, despite justified fears of broad-based inflati...
30 March 2022
February 2022 Technical Report - Precious Metals Analysis
Gold in January made a spot high of US$1,853.87, just within US$10 of the Weekly Cloud top, a key resistance level for gold in recent months, before sliding off over sixty US dollars to a wan-looking ...
18 February 2022
January Technical Report - Precious Metals Analysis
Gold closed 2021 a little higher, with a two-phase rally distinguished by short covering in the period from mid-December through to early January, with new longs arriving in late December....
19 January 2022
November Technical Report - Precious Metals Analysis
The pivot to a faster pace of taper allows the Fed to raise rates sooner and expectations have moved relatively quickly with the Fed no longer lagging market expectations as sharply as before....
24 December 2021
October Technical Report - Precious Metals Analysis
This month, Nick Frappell discuses inflation has been the theme that has energised gold – particularly in the sense of really testing the ‘transitory’ beliefs deployed by the Federal...
26 November 2021
September Technical Report - Precious Metals Analysis
The US debt ceiling problem has been delayed by around seven weeks and Republicans joined the Democrats to break the Republican filibuster. Hundreds of billions were added to the statutory debt ceilin...
14 October 2021
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
