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Technical Outlook November 15, 2017

EURUSD

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The currency pair went upwards yesterday due to the Eurozone data, which met the expectations and some figures were even better. Today we advise to pay attention to the US consumer inflation data. Yesterday’s Producer Price Index has shown a good growth. This inspires market participants and USD is likely to develop is upside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations. EUR/USD is likely to accelerate its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. EUR/USD is above the MA-channel and we advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair offered an opportunity to open short positions during the European session as it approached the MA55 balance line. You could earn about 500 pips. The downside tendency was due to the inflation data, which was below the expectations. We advise to pay attention to today’s UK Labor Market and Average Wages data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week frustrating our expectations. We think that GBP/USD is likely to break through the trend line and accelerate its decline.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

AUDUSD

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The currency pair offered an opportunity to sell yesterday according to our recommendations. The price declined for 300 pips. You could leave the trade and if you did this, you could earn about 700 pips as AUD/USD declined sharply during the Asian session. You could fix the profit as this is a goof result for this currency pair.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined slightly last week according to our expectations. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. The price is far from the MA55 balance line and we advise to avoid trading today.

USDCHF

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The currency pair has left the range and went downwards. USD/CHF frustrated our growth expectations. We advise to look for short positions from the MA55 balance line. However, there is a support line on the way. It may change the situation.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is likely to resume its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. The price is far from the MA55 balance line and we advise to avoid trading today.


Gold and Silver Technical Outlook November 15, 2017

GOLD (XAUUSD)

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Gold was going downwards before the American session and established new weekly lows, but then went upwards, and returned to the range. XAU/USD failed to decline. There is no tendency currently and we give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week frustrating our expectations. We think that XAU/USD is likely to stay within the range for the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver fluctuates on its own independently from Gold. There is no tendency currently and we give no recommendations today. We advise to wait until Silver establishes a tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to stay within a limited range for the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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Technical Outlook November 16, 2017

EURUSD

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The currency pair declined yesterday after the US CPI data release according to our expectations. We have seen a slight growth of the core CPI. This was the reason for USD to grow. Market participants are going to shift their attention to today’s Eurozone CPI data and numerous Federal Open Market Committee members’ comments. We think that EUR/USD is likely to develop its downside correction in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that EUR/USD is likely to accelerate its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situations is unclear.

GBPUSD

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The currency pair failed to offer an opportunity to open short positions. Yesterday’s UK Labor Market data was better than expected and GBP/USD went upwards. Today the market participants are going to pay attention to UK Retail Sales data.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to break through the trend line last week. We think that GBP/USD is likely to cross the trend line and accelerate its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

AUDUSD

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The currency pair failed to go below its previous lows and we were right to recommend fixing trades. We gave no advises yesterday as the price was far from the MA55 balance line but it almost reached the indicator and you had a chance to sell. Today’s Australian Labor Market data was better than expected but AUD/USD failed to go above the MA55 balance line.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line today. Place stop losses above the indicator.

USDCHF

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The currency pair went downwards sharply but it was stopped by the trend line according to our expectations. If the price goes above the MA55 balance line, there will be no more opportunities to sell. We think you need to wait until the price reaches the MA55 balance line and jumps off it in order to open short positions. Otherwise, we advise to do nothing today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is likely to resume its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions today from the MA55 balance line. Place stop losses above the indicator.


Gold and Silver Technical Outlook November 16, 2017

GOLD (XAUUSD)

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Gold is still fluctuating without a clear direction. We think it is time to look for trades within a channel. We have a good example of such a channel on our screenshot. How to work within such a range? You open positions from its boundaries aiming the opposite side.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week frustrating our expectations. We think that XAU/USD is likely to develop its range fluctuations in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situations is unclear.

SILVER (XAGUSD)

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Silver stays within a horizontal range and still forms a small channel. There is no tendency currently and we think it is time to look for trades within this range. We advise to open positions from the boundaries of the channel, aiming the opposite sides of it.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAG/USD failed to go downwards last week frustrating our expectations. We think that Silver is likely to stay within this limited range for the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situations is unclear.

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Technical Outlook November 17, 2017

EURUSD

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The currency pair had a downside correction yesterday according to our expectations. We gave no recommendations for this reason. EUR/USD went upwards sharply during the Asian session and we think the currency pair has some fuel to develop this upside tendency. However, as EUR/USD had a downside tendency for the whole week, we think it is going to establish a range or develop its downside correction.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair continued to go downwards last week. We think that EUR/USD is likely to accelerate its decline in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair approached the MA55 balance line but failed to reverse it downwards and there was no opportunities to open short positions. The UK Retail Sales data was better than expected and GBP/USD resumed its moderate growth. We think that the currency pair is likely to start a correction today as there is no important data on the way.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair crossed the trend line last week. We think that GBP/USD is likely to break through the trend line and accelerate its decline in the next couple of days,

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair offered an opportunity to open short positions from the MA55 balance line. Further downside tendency was not deep but enough to protect positions by moving stop losses at break even level. Stop losses triggered later. AUD/USD increased the speed of its downside tendency but we were out of the market during the Asian session. The price tries to break through the trend line on the Weekly chart but we don’t this this scenario is vital on Friday.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined a bit last week according to our expectations. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair offered an opportunity to open short positions from the MA55 balance line but stop losses triggered. USD/HCF started a correction after the attempts to break through the trend line on the Hourly chart. We think that the currency pair is likely to fluctuate within a range today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is likely to resume its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook November 17, 2017

GOLD (XAUUSD)

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Gold still fluctuates with no clear direction. We think it is time to look for positions within the range. You can see the example of such a range on the screenshot. If you want to trade within this range, you are to open positions on its boundaries, targeting the opposite sides. The price is close to the middle of the range and we advise to avoid trading in this situation.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold failed to decline last week frustrating our expectations. We think that XAU/USD is likely to stay within a limited range in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

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Silver stays within a horizontal channel and continues to fluctuate within. There is no trend currently and we think it is time to look for positions within the channel, that you can see on our screenshot. IF you want to open positions within this range, you are to buy and to sell from its boundaries, targeting the opposite side. The price is closer to the upper side of the channel and we advise to prepare to sell.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver failed to decline last week frustrating our expectations. We think that XAG/USD is likely to stay within a limited range for the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short positions from the upper side of the channel.

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Technical Outlook November 20, 2017

EURUSD

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The currency pair fluctuated in a range on Friday. There is no important data today (neither was on Friday) and we think that EUR/USD is going to fluctuate within a limited range. Market participants were active during the Asian session and we think that the currency pair is going to fluctuate within Asian session’s range today. This week has its peculiarities. There are holidays in the United States on Thursday and Friday and there are less opportunities to open positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our expectations. WE think that EUR/USD is likely to resume its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair established new weekly highs on Friday and started its correction according to our expectations. We think that GBP/USD is likely to start a downside tendency within last week’s range on the nearest future. There is no important data today and we think that GBP/USD is likely to be trading within a limited range.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week. We think that GBP/USD is likely to fluctuate within a large range.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair crossed the trend line on the Weekly chart without any significant problems. We had doubts as market participants are usually more cautious on Friday. However, there is a probability, that this breakout is false. Anyway everything become clear this week. We advise to monitor the situation as there is no important data and we expect no significant activity of market participants today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations and crossed the trend line on the Weekly chart. We think that AUD/USD is likely to hold its positions below the trend line and develops its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair fluctuated within a range on Friday according to our expectations. However, USD/CHF declined a little during the American session. We expect USD/CHF to grow in the nearest future. We think it would be a good idea to open long positions from 0,98650, but there is no tendency currently.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week. We think that USD/CHF is likely to resume its growth in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook November 20, 2017

GOLD (XAUUSD)

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Gold was trying to break through the upper side of the range on Friday. We can see the uptrend now and it is time to look for long positions. However, the price is far from the MA55 balance line. WE give no recommendations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold fluctuated within a limited range last week according to our expectations and left it by the end of Friday. WE think that XAU/USD is likely to go upwards in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

SILVER (XAGUSD)

9bb03838417d37cde3a7b54dfa1ac919.jpg

Silver left its channel and we think it is time to look for long positions. Short trades from the channel’s border ended with losses. We advise to open long positions from the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver was in a range last week according to our expectations and left it on Friday. WE think that XAG/USD is likely to go upwards in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions from the MA55 balance line. Place stop losses below the indicator.

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Technical Outlook November 21, 2017

EURUSD

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The currency pair fluctuated in both directions yesterday as the German parties have failed their negotiations, which aim were to create a coalition. EUR/USD is likely to be under the pressure for some time. There is no important data today and we think that the currency pair is likely to develop its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our downside tendency’s expectations. We think that EUR/USD is likely to resume its decline in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD

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The currency pair wet upwards yesterday and is still developing its upside tendency. This means that GBP/USD is likely to grow in the first half of the week and will probably decline in the second half of the week. We think that this information helps to build this week’s strategy. We advise to pay attention to Inflation Report Hearings today as this event is likely to have significant impact on GBP/USD. This report may both accelerate the currency pair’s growth or change its tendency.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week. We think that GBP/USD is likely to stay within a wide range in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long trades from the MA55 balance line. Place stop losses below the indicator.

AUDUSD

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The currency pair develops its downside tendency and today’s Australian Reserve Bank’s Meeting Minutes have changed nothing in the current situation. We think that the currency pair is likely to develop its downside tendency and we advise to look for short positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week and crossed the trend line on the Weekly chart according to our expectations. We think that AUD/USD is likely to stay below the trend line and to develop its downside tendency.

There is the downtrend on the Hourly chart s the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF

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The currency pair initiated an upside tendency, but the trend is still neutral. There was no opportunity to buy from 0.98650 as the price failed to reach this level. However, as EUR/USD is likely to go downwards, USD/CHF is likely to grow and we think you can look for long positions from the MA55 balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF failed to grow last week. We think that the currency pair is likely to go upwards in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long positions from the MA55 balance line. Place stop losses below the indicator.


Gold and Silver Technical Outlook November 21, 2017

GOLD (XAUUSD)

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Gold went upwards on Friday but then returned to the channel and we think that XAU/USD is likely to stay within this range for the whole week. There are no reasons for sharp or significant moves as there are almost no important events and this week is short as there are holidays in the United States on Thursday and Friday. We advise to open positions within this range.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. XAU/USD fluctuated in a limited range last week and left it by the end of the week. We think that Gold is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short positions from the lower side of the channel.

SILVER (XAGUSD)

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Silver returned to its channel alike Gold. We think that it is a good idea to open positions from channel’s boundaries. There was an opportunity to sell from the MA55 balance line and to protect those positions.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver fluctuated within a limited range last week according to our expectations and went upwards on Friday. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short positions from the lower side of the range.

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Technical Outlook November 22, 2017

EURUSD

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The currency pair offered an opportunity to open short positions from the MA55 balance line area during the European session and the price was in the profit area. There is an important US data today as well as the Federal Open Market Committee Meeting Minutes. We think that EUR/USD’s fluctuations will depend on the results of this data. There is the downtrend currently and you can open positions according to this information.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our downside tendency’s expectations. We think that EUR/USD is likely to resume its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

GBPUSD

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Yesterday’s Inflation Report Hearings in UK has almost stopped the uptrend and we think it is time to make a pause and to start monitoring the situation. There was an opportunity to buy from the MA55 balance line yesterday and you could earn about 300 pips.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line. We think that GBP/USD is likely to stay within a large range in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair started to grow yesterday and short positions were closed with small losses. There is no trend currently and we recommend avoiding doing anything at the moment. However, when we look at the Weekly chart, we can see that AUD/USD is likely to resume its downside tendency in the nearest future.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations and crossed the trend line on the Weekly chart. We think that AUD/USD is likely to hold its positions below the trend line to develop its downside tendency.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair offered an opportunity to open positions according to our recommendations but there was no active growth. You had a chance to protect trades, but if you failed to do so, there was a small loss. We expected USD/CHF to resume its growth but it failed to go upwards.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is going to resume its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook November 22, 2017

GOLD (XAUUSD)

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Gold failed to approach the lower side of the range and there was no opportunity to open long positions according to our recommendations. However, Gold went upwards and XAU/USD stays in the middle of the range right now. There are several US data releases today and we advise to pay attention to the Federal Open Market Committee Meeting Minutes release as it may have significant impact on fluctuations. We think that Gold is likely to stay within the range today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold remained within the range last week according to our expectations and went upwards in the end of the week. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open positions from the lower or upper side of the range.

SILVER (XAGUSD)

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Silver fluctuated close to the middle of the range and there was no opportunity to open positions. We think that Silver is going to develop this dynamic unless the US data brings some surprises.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver fluctuated within a range according to our expectations and went upwards by the end of the week. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open positions from the upper or lower side of the range.

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Technical Outlook November 23, 2017

EURUSD

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The currency pair offered an opportunity to open short positions but stop losses triggered. The US data was below expectations and the latest Federal Open Market Committee Meeting Minutes have shown hesitations of the FOMC members and their concern about low inflation. Many FED members think that low inflation has long term nature. This may influence the next Interest Rates hike decisions in 2018. USD went downwards and the other major currencies went upwards. There is a holiday in the United States today and we think that the volatility during the American session will be limited.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our decline expectations. We think that EUR/USD is likely to resume its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair went upwards sharply during the American session yesterday after the release of the Federal Open Market Committee Meeting Minutes results release. GBP/USD is in the uptrend now and we think that it is time to look for long trades today. The price is far from the MA55 balance line and it is better to wait until it approaches the indicator.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line on the weekly chart last week frustrating our expectations. We think that GBP/USD is likely to fluctuate within a large range in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair developed its upside tendency yesterday and has broken the downside scenario on the Weekly chart. Now it looks like we have a fake breakout. However, we’ll see the real situation next week. It is difficult to say, how far this growth may be. There are holidays in the United States and we expect AUD/USD to start a correction today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week according to our expectations and had crossed the trend line on the Weekly chart. We think that AUD/USD is likely to stay below the trend line and to develop its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair declined sharply and crossed the trend line on the Hourly chart. We think that USD/CHF is likely to develop its downside tendency in the next couple of days. We give no recommendations as the price is far from the balance line.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. USD/CHF had failed to grow last week frustrating our expectations. We think that the currency pair is likely to resume its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook November 23, 2017

GOLD (XAUUSD)

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Gold approached the upper side of the channel and there was an opportunity to sell from 1294,0. Stop loss should be placed above the upper side of the channel. Now you can move stop loss at breakeven level and protect your positions. You can fix your trades when the price comes closer to the MA55 balance line. There is a holiday in the United States today and the volatility will be lower during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold fluctuated within a limited range last week according to our expectations. We think that XAU/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to open long positions from the lower side of the channel and short positions from the upper side of the range.

SILVER (XAGUSD)

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Silver failed to approach the boundary of the range. However, we think that XAG/USD is likely to stay within this channel and we advise to open positions from its sides.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver fluctuated within a limited range last week according to our expectations and left it by Friday. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to buy from the lower side of the range and to sell from its upper boundary.

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Technical Outlook November 24, 2017

EURUSD

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The currency pair fluctuated in a small range according to our expectations. There is the Black Friday today and US bank are going to close earlier. WE expect no significant volatility during the American session.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week frustrating our downside tendency’s expectations. We think that EUR/USD is likely to resume its decline.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

GBPUSD

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The currency pair fluctuated within a limited range yesterday according to our expectations. Yesterday’s activity was low and we give no recommendations for today as the US holiday (Thanksgiving Day) still continues.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair failed to cross the trend line last week. We think that GBP/USD is likely to fluctuated within a large range in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair went upwards before the American session and then fluctuated within a range. We think that AUD/USD is likely to repeat this scenario today and we give no recommendations. We do not expect the currency pair to increase its volatility today regardless some important news.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair declined last week and crossed the trend line on the Weekly chart according to our expectations. We think that AUD/USD is likely to stay below the trend line and to develop its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair approaches the MA55 balance line ding its correction and we think it is able to develop its growth later towards the broken through trend line. We expected USD/HCF to decline yesterday but there was a holiday in the United States and market participants’ activity was low. Today’s model hints on the probability of further growth.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is likely to resume its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook November 24, 2017

GOLD (XAUUSD)

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Gold decreased its volatility due to the US holidays yesterday. However, if you opened a trade from 1294, you could earn about 7 USD and to fix trades partially. XAU/USD still trying to reach the balance line and we think it is too early to fix all your trades. Stop losses should be at breakeven level and you can wait for profit.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold stood within a limited range last week according to our expectations. And left it by the end of the week. WE think that XAU/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions from the lower side of the channel and to sell from its upper side.

SILVER (XAGUSD)

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Silver fluctuated within a tight range and failed to reach the upper side of the channel offering no opportunities to open short positions. However, we expect the price to reach it today. Today is Friday and US banks will close earlier due to the Black Friday’s events. It is better to close all positions before the weekend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Silver stood within a tight range last week according to our expectations and left it by the end of the week. We think that XAG/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to buy from the lower side of the channel and to sell from its upper side.

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Technical Outlook November 27, 2017

EURUSD

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The currency pair went upwards on Friday. We expected EUR/USD to have low volatility. This week is likely to start with a correction. However, we expect EUR/USD to resume its growth in the nearest future. We think that it is a good idea to open trades against the trend today with small targets The price is able to reach the MA55 balance line and you can aim this indicator when pacing trades.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth frustrating our expectations last week. We think that EUR/USD is likely to continue its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upward sand the price is above the MA55 balance line. We advise to open short positions from 1,19200-1,19250 area. Place stop losses at 1,19400.

GBPUSD

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The currency pair went upwards on Friday. We think that GBP/USD is likely to start this week with a correction and we can see this already as the MA-channel becomes neutral. We give no recommendations today as GBP/USD has low volatility and incorrect trend.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair still fluctuates within a range and we gave no recommendations on Friday. You could try short positions today but the situation on the Weekly chart do not allow to do this. We advise to monitor the situation today and to take steps tomorrow if there is any trend on the chart.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went above the trend line last week frustrating our expectations. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair went downwards on Friday. There is no trend currently and we give no recommendations today. However, you could look for long positions, but should be accurate in this case. The price is able to reach 0,98400 in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week. WE think that USD/CHF is likely to continue its decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook November 27, 2017

GOLD (XAUUSD)

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Gold reached the MA55 balance line on Friday and you had an opportunity to fix positions. We advise to monitor the situation as gold is trying to reach the boundaries of the range. There is lack of important data today and we think that the volatility will be low.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its range last week according to our expectations. We think that XAU/USD is likely to stay within the channel in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long positions from the lower side of the channel or short positions from the upper boundary.

SILVER (XAGUSD)

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Silver failed to reach the upper side of the channel and there was no opportunity to sell the precious metal. We think that the market participants are likely to be more active today. We advise to stick to the same tactics as previously and to trade from the boundaries of the channel.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its range last week according to our expectations. We think that XAG/USD is likely to continue to stay within this limited range in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long trades from the upper side of the channel and the short from the lower boundary.

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Technical Outlook November 28, 2017

EURUSD

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The currency pair had an expected correction yesterday and still goes in the same direction. The market volatility still grows up and we advise to pay attention to today’s important events. Yesterday’s short positions against the tendency were unsuccessful. Those trades are of high risk but we still advise to open short positions in this situation as there is a probability to win.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating our expectations. We think that EUR/USD is likely to continue its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open short positions from 1,19200-1,19250. Place stop losses at 1,19400.

GBPUSD

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The currency pair has made a spike yesterday and we think that GBP/USD is likely to decline in the nearest future. We give a recommendation to sell within this neutral tendency and those positions will be of high risk. We advise to pay attention to the Bank of England head’s comments and the Bank stress tests results. Those events may have significant impact on fluctuations.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week within the range according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to open short positions from 1,33400-1,33500 area. Place stop losses at 1.33700.

AUDUSD

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The currency pair remains within its range. The volatility had some growth yesterday, but AUD/USD still fluctuates without any clear direction. There are no even a single hint on further scenario. We give no recommendations today as the situation is unclear.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair returned above the trend line last week according to our expectations. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair still holds on the same positions as it fails to fall and has no fuel to go upwards. There is no trend currently and the price is in flat. We advise to avoid trading today and to monitor the situation as it is unclear whether USD/CHF is going to go upwards or to fall in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our expectations. We think that USD/CHF is likely to develop its decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. WE advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook November 28, 2017

GOLD (XAUUSD)

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Gold went towards the upper side of the channel and there was an opportunity to sell from there. You could open short positions from 1297,0 targeting the MA55 balance line. Now you can move stop loss to the order opening level in order to reduce your risks. We think that XAU/USD is likely to reach the MA55 balance line today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its limited range last week according to our expectations. We think that XAU/USD is likely to develop its fluctuations within the limited range.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to hold short positions from the MA55 balance line. Do not engage in any new trades now as Gold is likely to go towards the MA55 balance line.

SILVER (XAGUSD)

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Silver approached the upper side of the channel and there was an opportunity to sell aiming the MA55 balance line. The profit was small but it is enough for Silver. We advise to stick to this tactic and to open positions from the sides of the range.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its range last week according to our expectations. We think that XAG/USD is likely to develop its range fluctuations in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to open long positions from the lower side of the range and to sell from its upper boundary.

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Technical Outlook November 29, 2017

EURUSD

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The currency pair failed to reach 1,19200 and there was no opportunity to sell from there according to our recommendations. Yesterday’s US data was favorable for USD’s growth and EUR/USD went downwards. The currency pair is trying to change its tendency once again and we think it is time to look for short positions from the MA55 balance line. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating our downside tendency’s expectations. EUR/USD is likely to continue its upside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator. 

GBPUSD

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The currency pair declined yesterday alike EUR/USD did but the news from the Great Britain about Brexit, allowed GBP/USD to went upwards again. One of the news agencies had announced that The United Kingdom and the European Union have reached an agreement on Brexit financial issues. However, the currency pair offered an opportunity to sell before this event and you could fix about 1300 pips of profit. There were no difficulties to close positions yesterday.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair is still fluctuating within a range and the volatility is low. The currency pair behave itself in a strange manner and we advise to monitor the situation. We think this low volatility is due to the fact that AUD/USD is close to a strong and important technical level on the higher timeframes.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was upper the trend line last week according to our expectations. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair’s growth is not suitable for trading now and we give no recommendations. Such fluctuations are similar to an upside flat. We think that once the price reaches the trend line on the Hourly chart, it will start to decline and it is better to wait until this moment comes.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. There was no growth last week frustrating our upside tendency’s expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook November 29, 2017

XAUUSD

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Gold reached the MA55 balance line and you could close your short positions there with small profit. The price is close to the upper side of the channel and the Northern Korea situation does not allow us to open trades. Medias reported that the Norther Korea Has launched another ballistic missile. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its range last week according to our expectations. We think that XAU/USD is likely to continue its fluctuations within this range.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

XAGUSD

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Silver reached the lower side of the channel and offered an opportunity to open long positions. The situation with a launch of the Norther Korea ballistic missile could help Silver to go upwards, but this does not happen. You can protect your positions by placing stop losses at breakeven level. We advise to hold positions until the price reaches the MA55 balance line.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its range last week according to our expectations. We think that XAG/USD is likely to stay within this range in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is close to the MA55 balance line. We advise to hold positions from the MA55 balance line. 

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Technical Outlook November 30, 2017

EURUSD

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The currency pair failed to approach the MA55 balance line and there was no opportunity to sell EUR/USD according to our recommendations. US data was strong, but it had almost no influence on fluctuations. Budget Committee has adopted new amendments to the taxes law. This event could give some additional support to USD. There is important Eurozone inflation data today. Market participants expect this data to be better than previous.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating our expectations. We think that EUR/USD is likely to develop its upside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator. 

GBPUSD

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The currency pair continues its upside tendency after news on Brexit. GBP/USD almost reached the upper side of the MA-channel during the Asian session and we give no recommendations. We think that it is a good idea to “sit on the hands” as the situation is unclear now.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair tries to go downwards and is going to develop a downside tendency. We think it is a good idea to try to open short positions, but the volatility is still low. If you place sell orders, it is better to choose closer targets.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair returned to its previous positions last week. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF

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The currency pair is still inconvenient for any actions and we give no recommendations. However, USD/CHF established new weekly highs and is moving towards the trend line on the Hourly chart. We think that there will be some trading opportunities when the price reaches the trend line.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week, frustrating our expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open short positions from the trend line on the Hourly chart. Place stop losses above the line.


Gold and Silver Technical Outlook November 30, 2017

GOLD(XAUUSD)

cef6f0e03d97a93cdd417e658e593470.jpg

Gold declined finally. XAU/USD was close to the upper side of the channel for several days. Better than expected US data and adoption of amendments to tax legislation by the Budget Committee offered some support to USD and Gold went downwards. There is an important Eurozone inflation data today. We advise to pay attention to US Personal Spending data as well.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold returned to its limited range last week according to our expectations. We think that XAU/USD is likely to stay within this range for a couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

SILVER(XAGUSD)

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Silver closed previously opened long positions, which we had placed close to the lower side of this horizontal range. Positions were closed at breakeven level as we advise to move stop losses there. Silver developed its downside tendency and reached the lower side of the MA-channel. We give no recommendations now.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its limited range last week according to our expectations. We think that XAG/USD is likely to develop its flat fluctuations in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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Technical Outlook December 1, 2017

EURUSD

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The currency pair offered an opportunity to sell according to our recommendations from the MA55 balance line. The price was in the profit area for more than 500 pips and there was a chance to fix positions without any troubles. This downside tendency was the result of a worse than expected Eurozone inflation data as the final result was weaker than experts had previously forecasted. However, later the currency pair went upwards sharply as the US President Donald Trump has announced the probability of the Secretary of State Tillerson Resignation. The uptrend has started. We have announced it in the beginning of the week.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair accelerated its growth last week frustrating our expectations. We think that EUR./USD is likely to develop its upside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions form the MA55 balance line. Place stop losses below the indicator. 

GBPUSD

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The currency pair is still going upwards after the latest Brexit news. The price is likely to stop at 1,36000 or somewhere near this level. The uptrend is very strong and you can try to open long positions from MA13. However, remember that risks are very high.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.
There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions from the MA13. Place stop losses below the indicator.

AUDUSD

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The currency pair offered an opportunity to open short positions from the MA55 balance line yesterday according to our recommendations. The price was in the profit area for 300 pips and there was an opportunity to fix positions with positive results. There was two chances to sell and both ended almost with the same results. We think that it is a good idea to look for short positions today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went above the trend line last week. We think that AUD/USD is likely to develop its upside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is close to the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

USDCHF

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The currency pair approached the trend line on the Hourly chart and offered opportunities to open short positions according to our recommendations. The price declined for more than 600 pips. However, we think that this downside tendency has just began and we advise to hold short positions. Move stop losses at breakeven level.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair failed to grow last week frustrating our upside tendency’s expectations. We think that USD/CHF is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to hold short positions from the trend line on the Hourly chart.


Gold and Silver Technical Outlook December 1, 2017

GOLD(XAUUSD)

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Gold goes downwards in a wave manner and it is hard to stop such a downside tendency. You could look for short positions yesterday. The price failed to move closer to the MA55 balance line and it was better to avoid doing anything. You can try to sell from the MA13, but risks are very high. We advise to pay attention to the PMI data from the strongest economics in the World. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The price returned to its limited range last week according to our expectations. We think that Gold is likely to stay within this channel for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA13. Place stop losses above the indicator. 

SILVER(XAGUSD)

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Silver developed its aggressive decline yesterday and failed to approach the MA55 balance line. The price made a significant way downwards and we think that it is going to stop in the nearest future. We give no recommendations as we think that a correction is possible.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Silver returned to its limited range last week according to our expectations. We think that XAG/USD is likely to stay within this channel for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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Technical Outlook December 4, 2017

EURUSD

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 The currency pair offered an opportunity to sell from the MA55 balance line according to our expectations. The price went upwards and stop losses could trigger but if you are still in the market, you could earn about 600 pips and to fix profit without any difficulties. This week is important for the markets as there is a probability of significant fluctuations on Friday due to the US Labor Market and Average Hourly Earnings releases. However, today there is no important data from United States and Eurozone and we expect the volatility to be medium. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to develop its range fluctuations in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD

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The currency pair offered an opportunity to open long positions from the MA13. However, those trades were unsuccessful. We have noticed that those positions will be of high risk. GBP/USD has started a correction and we advise to wait until the end of this correctional downside tendency before taking any further steps.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair offered an opportunity to sell from the MA55 balance line according to our recommendations. However, there was no chance to have profit with those positions as stop losses triggered. AUD/USD shows intensions to grow and we think that there will be a fake breakout on the Weekly chart. We advise to prepare for long positions.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair was in a range last week according to our expectations. We think that AUD/USD will remain in this range in the nearest future and will leave it upwards later.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair declined from the trend line on the Hourly chart according to our expectations. However, the price tested the trend line again and stop losses could trigger. If you remained in the market, your profit could reach 1200 pips. You had an opportunity to fix trades.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to stay within this wide range for the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook December 4, 2017

XAUUSD

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Gold offered an opportunity to sell according to our recommendations but those positions were closed by stop losses. The trades were of high risk as we had previously mentioned. US political events influence USD and its fluctuations are unstable. We think that the situation will be the same this week and it is better to be prepared for some surprises. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

XAGUSD

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Silver stopped its downside tendency on Friday, but we think it may resume its decline in the nearest future. We think it is a good idea to look for short positions from the MA5 balance line.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

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Technical Outlook December 5, 2017

EURUSD

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The currency pair fluctuated in a small range yesterday as there was no important data to increase volatility. There is no tendency currently but you can try to open short positions form the MA5 balance line with close targets. It is better to open positions in the first half of the day. We advise to pay attention to Eurozone PMI and Retail Sales data as it may influence fluctuations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within a range last week according to our expectations. We think that EUR/USD is likely to stay within this range for the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator. Those positions are risky. 

GBPUSD

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The currency pair had some sharp fluctuations yesterday as the negotiations on Brexit has started again. Market participants expected those negotiations to have positive results. However, there was some problems during the meeting that remained unsolved and GBP/USD went downwards with the same speed. We advise to pay attention to UK PMI data as it may influence fluctuations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according our expectations. We think that GBP/USD is going to develop is upside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. The trade is risky.

AUDUSD

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The currency pair fluctuated in a small range on Monday. However, it started to grow today in the morning as the Australian data was better than expected. We advise to pay attention to today’s Reserve Bank of Australia meeting. Experts expect the Interest Rate to remain unchanged. We think that AUD/USD is likely to go upwards today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated in a small range last week according to our expectations. We think that AUD/USD is likely to stay within the range in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
The currency pair approached the trend line on the Hourly chart. We think that it is going to break through this line today. However, there is no trend currently and we give no recommendations. We advise to do nothing today. The currency pair is likely to go upwards in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and gained back some positions. We think that USD/CHF is likely to stay within this range for the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair approached the trend line on the Hourly chart. We think that it is going to break through this line today. However, there is no trend currently and we give no recommendations. We advise to do nothing today. The currency pair is likely to go upwards in the nearest future.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and gained back some positions. We think that USD/CHF is likely to stay within this range for the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook December 5, 2017

XAUUSD

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Gold fluctuated within a small range on Monday as there was no important events to shake the markets. There are several important events today and we expect XAU/USD to increase its volatility. US tax law amendments were adopted by the Senate, but this event had no impact on fluctuations. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. WE think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

XAGUSD

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Silver offered an opportunity to open short positions from the MA55 balance line, but the profit was low as the market activity was also low. There are two options now – you can fix your positions and earn about 10 pips or leave your trades unchanged and to hope for the better results. Stop losses should be moved to the breakeven level in this case.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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Technical Outlook December 7, 2017

EURUSD

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The currency pair declined yesterday due to better than expected US data. ADP Non-Farm Employment Change was higher than forecasted. Market participants expect Friday’s US Labor Market to be better than expected as well. USD is likely to go higher in the nearest future. There is no important data today and we think that the volatility is likely to decline during the day.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to stay within this range for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator. 

GBPUSD

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There was no opportunity to sell GBP/USD according to our recommendations as the price failed to reach the MA55 balance line. We leave our recommendations unchanged. The currency pair is under the pressure now as USD goes upwards and we think that the volatility is going to decline before the Friday’s data.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week and even exceeded our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

AUDUSD

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The currency pair approached the MA55 balance line, but it was not enough to open positions. However, if you managed to sell, you had an opportunity to earn. We think that AUD/USD is likely to develop its decline, but we give no recommendations as the price is far from the MA55 balance line.

There is the uptrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated in a small range last week according to our expectations. We thinks that AUD/USD is likely to stay within the range for the next couple of days and then to leave it upwards.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair offered an opportunity to open long positions from the broken through trend line on the Hourly chart. The total profit for those positions by now is about 500 pips. We think that USD/CHF is likely to develop its upside tendency but the volatility is likely to decline as market participants are looking forward to see the results of Friday’s US Labor Market and Average Hourly Earnings data.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week downwards and then went upwards according to our expectations. We think that USD/CHF is likely to stay within this large range for the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to open long positions from the MA55 balance line. Place stop losses below the indicator.


Gold and Silver Technical Outlook December 7, 2017

GOLD(XAUUSD)

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Gold fluctuates close to the trend line on the Weekly chart. We think that XAU/USD is ready to cross it and we advise to look for short positions. A downside tendency is likely to accelerate after the breakout and you can look for larger targets. However, we think that the price is likely to stay above the trend line before the release of Friday’s data. The trend line is crucial for today. You can open short positions from it, placing stop losses above the line.
There is the uptrend on the Hourly chart as the price is above the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the trend line. 

SILVER(XAGUSD)

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Silver developed its downside tendency yesterday and our profit grew. You had an opportunity to fix positions today. It is better to avoid opening new trades as there are several important releases on Friday from the United States. The price is likely to stay within a range before those releases.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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Technical Outlook December 8, 2017

EURUSD

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The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. You could take about 300-400 pips as profit. Market participants are likely to pay more attention to today’s US Labor Market and Average Hourly Earnings data. Experts expect those releases to be better than forecasted. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated within the range last week according to our expectations. We think that EUR/USD is likely to stay within this range for the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading before the release of the US Labor Market and Average Hourly Earnings data releases. 

GBPUSD

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The currency pair offered an opportunity to open short positions from the MA55 balance line according to our recommendations. You could take about 800 pips as profit. Later, GBP/USD reversed sharply and went upwards. There are some news on Brexit that give additional support to GBP. However, this upside tendency is unstable as there is still no final decision on Brexit negotiations.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week according to our expectations. We think that GBP/USD is likely to develop its upside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open positions only after the release of the US Labor Market and Average Hourly Earnings data releases.

AUDUSD

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The currency pair developed its downside tendency according to our expectations. We gave no recommendations yesterday as the price was far from the MA55 balance line and is still there currently. We advise to avoid trading today as there is a probability of sharp fluctuations and the price is unstable.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair fluctuated within a small range last week according to our expectations. We think that AUD/USD is likely to stay within this range for the next couple of days. We also expect AUD/USD to leave this range in the upside direction later.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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There was no opportunity to sell the currency pair as the price failed to reach the MA55 balance line yesterday. It is better to avoid trading today as there is important US Labor Market and Average Hourly Earnings data on the way. Those releases are likely to increase volatility.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week according to our expectations. We think that USD/CHF is likely to develop its range fluctuations in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook December 8, 2017

GOLD(XAUUSD)

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Gold accelerated its downside tendency after the price has broken through the trend line on the Weekly chart. There was no corrections yesterday. There was almost no opportunities to sell as the price failed to return to the trend line. If you risked to open short positions during the Asian session, you had an opportunity to earn. There is an important US Labor Market and Average Hourly Earnings data today and we expect the price to increase its volatility.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. Gold went downwards last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

SILVER(XAGUSD)

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Silver accelerated its downside tendency as Gold has broken through an important level. We had some doubts, but there is a confirmation and XAG/USD accelerated its downside tendency. There are several important events including US Labor Market and Average Hourly Earnings data releases today and we expect sharp fluctuations.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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Technical Outlook December 11, 2017

EURUSD

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The currency pair fluctuated in both directions on Friday as the US data was mixed. The Labor Market data met the expectations but the Michigan University data was disappointing. USD went slightly downwards. Investors are going to pay more attention to the Federal Open Market Committee meeting, which is scheduled for Wednesday. Market participants expect the FOMC to hike Interest Rates for 25 basis points. They are going also to pay attention to the FOMC members comments on future monetary policy decisions as this 25 basis points Interest hike is already in the price.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to avoid trading today and to monitor the situation as there is a probability of a reverse. 

GBPUSD

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The currency pair unexpected fluctuations due to the Brexit news, coming on Friday. However, GBP/USD declined for the whole day and reached the weekly lows. GBP was the single currency, which failed to grow as compared to USD on Friday. 
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. GBP/USD fluctuated in a wide range last week according to our expectations. We think that the currency pair is likely to develop its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair fluctuated modestly after the US Labor Market and Average Hourly Earnings data release. There are some important releases in Australia this week and we expect AUD/USD to have significant fluctuations. We think that the currency pair is ready to reverse. However, AUD/USD may also have a correction after a significant decline last week.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair declined last week and has broken through the trend line on the Weekly chart. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair is likely to start a correction in the nearest future after a significant growth last week We think that USD/CHF is going to decline in the first days of the week. The currency pair reacted modestly on Friday’s US Labor Market and Average Hourly Earnings data. We think that USD/CHF is likely to reverse its tendency today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week and has broken through the trend line on the Hourly chart. We think that USD/CHF is likely to develop its upside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook December 11, 2017

GOLD(XAUUSD)

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Gold had sharp fluctuations after the release of the US Labor Market and Average Hourly Earnings data. We gave no recommendations and we were right as there were few chances to earn something. The main event for this week is the Federal Open Market Committee Meeting, which takes place on Wednesday. Market participants expect Fed to hike rates again this year, but the also are going to pay attention to the FOMC members comments on future monetary policy prospects.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD I likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line or from the trend line. Place stop losses above the indicators. 

SILVER(XAGUSD)

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Silver started a correction today as it went downwards significantly last week. We advise to wait until this correction ends. We think that this correction is likely to continue until Wednesday, when the Federal Open Market Committee is going to pronounce their decision and give their comments.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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Technical Outlook December 12, 2017

EURUSD

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The currency pair failed to reverse and now EUR/USD fluctuates with no clear bias. We think that market participants will be cautious on the eve of the Federal Open Market Committee meeting. Investors are waiting for the results of this meeting and are looking forward to hear something about future monetary policy plans. We think that the currency pair is likely to stay within a limited range before the FOMC meeting. Today market participants may pay attention to Eurozone CPI and US PPI data. Those figures may increase volatility.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD

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The currency pair declined yesterday and stopped close to the weekly lows. GBP/USD is likely to breakout those lows and develop its downside tendency, but we think that investors will be cautious on the eve of the Federal Open Market Committee meeting. We expect GBP/USD to start an upside correction today.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a wide range last week. We think that GBP/USD is likely to develop its downside tendency in the next couple of days.

AUDUSD

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The currency pair had modest fluctuation today as important Australian data was released. This data was worse than expected, but indicates on positive prospect of the Australian business. We think that AUD/USD is likely to go upwards today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week according to our expectations and confirmed the breakout of a trend line. We think that AUD/USD is likely to develop its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair declined modestly according to our expectations. We think that USD/CHF is likely to develop this dynamics today. There is important Eurozone CPI data today, which is able to influence USD/CHF as well. However, we think that the currency pair is likely to have a downside correction.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair had an upside tendency last week and has broken through the trend line on the Hourly chart. We think that USD/CHF is likely to develop its growth towards the trend line in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook December 12, 2017

GOLD(XAUUSD)

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 Gold offered and opportunity to open short positions according to our recommendations. There was almost no price retracement and the profit reached 1000 pips. You had an opportunity to take it without any difficulties. XAU/USD breakout weekly lows and we think there is a probability of further decline in the nearest future. However, we advise to pay attention to tomorrows Federal Open Market Committee meeting which is able to change the situation.
There is no trend on the Weekly chart as the price is close to the MA55 balance line. XAU/USD declined last week according to our expectations. We think that Gold is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to open short positions from the MA55 balance line. Place stop losses above the indicator.

SILVER(XAGUSD)

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Silver still forms a correction according to our expectations. This correction is likely to be until Wednesday when the Federal Open Market Committee is going to announce their monetary policy decision. It is better to do nothing now.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to develop its downside tendency in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.
 

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Technical Outlook December 13, 2017

EURUSD

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The currency pair declined during the American session as the US PPI data was better than expected. Producer inflation has shown acceleration of its growth. There is a Consumer Price Index release today which is also able to accelerate USD’s growth in case if it is better than forecasted. However, the main event for today is the Federal Open Market Committee meeting as the FED members are going to take important decisions and to announce future monetary policy prospects. Market participants are going to pay attention to this event.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went downwards last week according to our expectations. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

GBPUSD

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The currency pair declined yesterday, but this downside tendency was limited. GBP/USD established new lows and we think that the currency pair is likely to have a new downside momentum. We advise to pay attention to today’s Federal Open Market Committee meeting results and to the FED members’ comments as they may influence the volatility growth.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in a wide range last week according to our expectations. We think that GBP/USD is likely to go downwards in the next couple of days.

There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.

AUDUSD

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The currency pair went upwards according to our expectations. The Australian data was better than expected and we think that AUD/USD is likely to develop its upside tendency in the nearest future. However, everything depends on the results of the Federal Open Market Committee meeting which takes place today.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went downwards last week and has broken through the trend line according to our expectations. We think that AUD/USD is likely to develop this downside tendency in the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA5 balance line. We advise to avoid trading today as the situation is unclear.

USDCHF

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The currency pair went in both directions yesterday showing intensions to decline according to our expectations. Market participants are going to pay attention to today’s US CPI data as well as to the Federal Open Market Committee meeting results and announcements.

There is the downtrend on the Weekly chart as the price is below the MA55 balance line. The currency pair went upwards last week. We think that USD/CHF is likely to develop its upside tendency towards the trend line on the weekly chart in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear.


Gold and Silver Technical Outlook December 13, 2017

GOLD(XAUUSD)

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Gold offered an opportunity to open short positions from the MA55 balance line. You could earn about 900 pips without any difficulties. The price established new weekly lows. Market participants are going to pay particular attention to today’s US Consumer Price Index data, which is able to increase volatility. However, the most important event for today is the Federal Open Market Committee meeting and the Fed members’ decision on Monetary policy. 
There is no trend on the Weekly chart as the price is close to the MA55 balance line. Gold declined last week according to our expectations. We think that XAU/USD is likely to develop its downside tendency in the next couple of days.
There is the downtrend on the Hourly chart as the MA-channel goes downwards and the price is below the MA55 balance line. We advise to avoid trading today as the situation is unclear. 

SILVER(XAGUSD)

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Silver developed its correction yesterday according to our expectations. WE think that the situation remains unchanged before the announce of the results of the Federal Open Market Committee meeting. It is better to do nothing today.
There is the downtrend on the Weekly chart as the price is below the MA55 balance line. Silver declined last week according to our expectations. We think that XAG/USD is likely to decline in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

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