News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region. Get your #Bitcoin forecast from @DColmanFX here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
Silver & Gold Coiling Towards a Breakout, but in Which Direction?

Silver & Gold Coiling Towards a Breakout, but in Which Direction?

Paul Robinson, Strategist

What’s inside:

  • Silver and gold price contraction setting up for volatility to come shortly
  • Silver has the cleaner of the two patterns, but need to wait for breakout rather than predict
  • Moves could be fairly substantial once we finally have a resolution

What is expected to drive Gold & Silver into year-end? To find out, check out the DailyFX Q4 Forecast.

Both major precious metals – gold & silver – are carving out solid-looking symmetrical triangles, with the latter having the cleanest pattern. This sets the sector up for a move to come shortly. We’ll start with a look at silver since conviction is highest in its formation based on symmetry.

The contraction began over a month ago, with price swings now bringing silver very near the apex of the triangle. A breakout looks to be within days at most. The patterns hold a neutral bias at this juncture, but with the underside trend-line of the formation extending higher since July, a breakdown may prove to be the most powerful possible outcome. On the top-side, the 200-day MA has been helping shape the triangle, with yesterday’s rejection-day the most recent attempt to cross above. Whether the break comes lower or higher, the height of the pattern points to a measured move target (MMT) of about $1.35 from the apex. That could put silver at the September high or on approach of the July low. In either event, the move looks likely to be material.

Silver: Daily

Silver daily chart

Naturally, if one precious metal is in the process of making a big price move, or contracting in this case, then the other is doing similar. The symmetrical triangle in gold isn’t quite as clean in silver, but nevertheless the same outcome is anticipated once a breakout is confirmed. There is a key trend-line rising up from the December low which is in confluence with the apex of the triangle, and the 200-day MA aligns not far below. A breakdown out of the pattern would also require the December trend-line to be broken and the 200 is not likely to hold. The measured move targets (MMT) are ~1323 on a top-side breakout and ~1225 on the down-side. The key, again, is to wait for a confirmed break before taking action. Anticipating the breakout, or even worse ‘flip-flopping’ with each price swing can lead to unnecessary losses. It's best to take a reactionary approach with these patterns.

Struggling right now, or just want to learn more about trading psychology? –Check out this guide, Building Confidence in Trading.

Gold: Daily

Gold daily chart

For more technical analysis articles written by Paul, see his bio page.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.