Tag: trading precious metals

Precious Metals In 2016: The Dark Horse Won The Prize

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


This interesting year is coming to an end and in this post I would like to offer you a summary of precious metals’ dynamics in 2016.

Chart 1. Metals in 2016: Boom And Bust

Precious Metals 2016
Chart courtesy of tradingview.com

This year metal trading was quite exciting. The chart shows that we have gone through a full Boom and Bust cycle and the top of the cycle amazingly coincides with the middle of a year, when metals showed a maximum gain (except Palladium) within the 25-50% range. Ideal distribution within a single year! Continue reading "Precious Metals In 2016: The Dark Horse Won The Prize" →

Precious Metal Morning Commentary

Posted on by The INO.com Team

October gold was higher overnight as it consolidates around the 75% retracement level of this year's decline crossing at 1734.00. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off May's low, the 87% retracement level of this year's decline crossing at 1767.20 is the next upside target. Closes below the 20-day moving average crossing at 1678.30 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 1747.00. Second resistance is the 87% retracement level of this year's decline crossing at 1767.20. First support is the 10-day moving average crossing at 1709.00. Second support is the 20-day moving average crossing at 1678.30. Continue reading "Precious Metal Morning Commentary" →