Analytics News and Market Forecast

Weekly digest compiles the latest news from the world of stocks and finance, currency and commodity news, as well as interesting informative articles for traders.
News of the week: With gold extending losses, does it make sense to buy more?


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W1 price is on primary bullish with secondary ranging between 120.40 support and 125.85 resistance. The price is trying to break symmetric triangle pattern from below to above for the bullish trend to be continuing. if the price breaks 125.85 resistance on close bar so the price will be going out of ranging zone for the bullish trend to be continuing, otherwise it will be the ranging within familiar levels with secondary correction.
If W1 price will break 120.40 support level on close W1 bar so we may see the secondary correction within the primary bullish.
If W1 price will break 125.85 resistance level so the primary bullish will be continuing up to the new 'top' to be formed.
If not so the price will be ranging between 120.40 and 125.85 levels.
Resistance


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W1 price is on primary bearish market condition with secondary ranging between 1.0818 support and 1.1436 resistance. Sinkou Span A line (which is the virtual border between the primary bullish and the primary bearish on the chart) is located too far from the market price for any possible reversal to the bullish condition in the coming week, and next strong level as a downtrend target is 1.0461. If the price will break 1.0818 support level so the bearish market condition will be continuing up to 1.0461 support level, otherwise the price will be ranging between the familiar levels.
The price is located too far from Sinkou Span A line which makes the reversal to the bullish trend to be impossible in the coming week.
Tenkan-sen line is below Kijun-sen line of Ichimoku indicator which is indicating the bearish condition to be continuing in the future.
Chinkou Span line is estimating the ranging of the price movement.


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An open letter to investors who are bullish on gold (Marketwatch) see also Gold Looks Like a ‘Textbook’ Short, even from here (Bloomberg)
Should you still own bonds? (Fidelity)
Seeing Both Sides of the Market Debate (A Wealth of Common Sense)
Institutional Investor Participation, Distressed Home Sales in U.S. at Record Low (World Property Journal)
Debate On Uber’s Impact In NYC Is Based on Thin and Misleading Data (fivethirtyeight)


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MN price is located just on Sinkou Span A line which is the virtual border between the primary bullish and primary bearish on the chart. The price broke Ichimoku cloud and trying to break trendline together with Sinkou Span A line to come to the bullish area of the chart for the total reversal of the price movement from ranging bearish to the primary bullish market condition. If the price will break 1.6021 resistance level on close monthly bar so we may see the reversal of the price to the bullish, otherwise the price will be continuing with ranging between 1.6021 resistance and 1.4565 support levels.
The price is crossing the last border of Ichimoku cloud - Sinkou Span A line which is the virtual border between the primary bullish and the primary bearish on the chart.
Tenkan-sen line is below Kijun-sen line of Ichimoku indicator which is indicating the primary bearish market condition to be continuing in the future.


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MN price is on primary bearish with ranging within consolidating levels such as 1.1533 resistance and 1.0461 support. Sinkou Span A line is the virtual border between the primary bullish and the primary bearish on the chart, and it is located very far from the market price and from any key levels on this timeframe which makes the reversal to the bullish condition to be fully impossible in the coming months of this year. Chinkou Span line is located below the price, and the direction of this line is indicating the bearish trend to be continuing. If the price will break 1.1533 resistance level so the local uptrend as the secondary market rally will be started up to the possible reversal of the price movement to global bullish condition, if the price will break 1.0461 support from above to below so the bearish market condition will be continuing up to new bottom to be formed by the price on the downway, otherwise the price will be continuing with ranging between familiar levels.


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Daily price is on bearish market condition for ranging between the followings/r levels:
1.0807 key support level located below Ichimoku cloud and far below Sinkou Span A line on the bearish area of the chart, and
1.1436 resistance level located far above Ichimoku cloud on the bullish area of the chart.
Chinkou Span line is indicating the ranging market condition.
D1 price - ranging market condition:


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Goldman Sachs' chief equity strategist David Kostin made a long-term macro forecast for S&P 500, currencies, energy, metals and equity, and - after summarizing all those market forecasts - he decided that things aren't looking good this year. Besides, Kostin provided a slide summarize Goldman's market forecasts, both for the United States and the world:
As we see - David Kostin made forecasts based on 3 months, 6 months and 12 months. And this is what we are having as a result:
EUR/USD

USD/JPY


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XAU/USD: bearish to below 1K. This pair is on bearish market condition for all timeframes started with H1 for example. The price is breaking 1086.96 support which is last support level for the timeframes less than MN1, it means - there are no any target anymore for daily and weekly prices: all the targets were reached. So, the next target (and the last one) is 681.40. It means - no any technical reason for the price to stop anywhere for a while on the way to 681.40.
Resistance
Support
1306.81
681.40


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W1 price is located below and near 200 SMA and 100 SMA for the primary bearish: the price is ranging between 1.4565 support level and Fibo resistance level at 1.5929:
1.4565 support level is located below 200/100 SMA which are located far below this level;
Fibo resistance level at 1.5929 is located between 100 SMA and 200 SMA in ranging area of the chart;
If weekly price will break 1.4565 support level on close weekly bar so the primary bearish trend will be continuing; if the price will break Fibo resistance level at 1.5929 with the next target so we may see the reversal of the price movement to the primary bullish with the secondary ranging; otherwise price will be ranging within familiar levels;


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