Forex Metals Market


Copper Wave Analysis – 10 December, 2019
Copper Wave Analysis – 10 December, 2019
Copper recently broke the resistance zone lying between the resistance level 272.50 (top of the previous impulse wave A) and the 50% Fibonacci correction of the previous downward imp...
Palladium Wave Analysis – 09 December, 2019
Palladium Wave Analysis – 09 December, 2019
Palladium has been rising sharply in the last few trading sessions – in line with our earlier forecast for this instrument.
Fibonacci Retracements Analysis 09.12.2019 (GOLD, USDCHF)
Fibonacci Retracements Analysis 09.12.2019 (GOLD, USDCHF)
XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after finishing the descending wave at 38.2% fibo, XAUUSD is correcting. The first correctional wave reached 23....
Platinum Wave Analysis – 05 December, 2019
Platinum Wave Analysis – 05 December, 2019
Platinum recently reversed up from the support area lying between the key support level 882.00 (which has been reversing the price from July), lower daily Bollinger Band and the 50% ...
Copper Wave Analysis – 05 December, 2019
Copper Wave Analysis – 05 December, 2019
Copper recently reversed up from the support area lying between the support level 262,50 (which has been reversing the price from October), lower daily Bollinger Band and the 50% Fib...
Gold Wave Analysis – 03 December, 2019
Gold Wave Analysis – 03 December, 2019
Gold recently reversed up from the support area lying between the support level 1450.00 (which also stopped the previous correction (2)), lower daily Bollinger Band and the 38.2% Fib...
Gold treads water on US-China trade doubts
Gold treads water on US-China trade doubts
Gold’s price action on Thursday was reminiscent of watching paint dry despite Donald Trump signing a bill backing Hong Kong protesters.
Palladium Wave Analysis – 19 November, 2019
Palladium Wave Analysis – 19 November, 2019
Palladium recently reversed up from the support zone lying between the support level 1650.00 (low of the earlier wave (ii), lower daily Bollinger Band and the 61.8% Fibonacci correct...
Gold Wave Analysis – 13 November, 2019
Gold Wave Analysis – 13 November, 2019
Gold recently reversed up from the support area lying between the support level 1455.00 (low of the earlier wave (A) from September), lower daily Bollinger Band and the 61.8% Fibonac...
Palladium Wave Analysis – 11 November, 2019
Palladium Wave Analysis – 11 November, 2019
Palladium recently broke through the support zone lying between the round support level 1700.00 (low of the wave (b) from October), support trendline of the daily up channel from Aug...

Precious metals are one of the best investment options

Forex market is first of all the market of leading world currencies. However, besides the currencies there are precious metals also traded, such as gold, silver and palladium. This possibility considerably increases your chances of earning. Two of the most important Forex metal trading markets are London and New York. Other important centers of Forex metals trade located in Zurich, Tokyo, Sydney, Hong Kong and other places. So, the precious metals trade, as well as the currency trading, goes on round-the-clock.

Precious Metals as the Active Currency in Trading Operations

Since 1919 the price of so-called "London fixing" is the main guideline for Forex metal traders around the world and is used in all contracts concluded on physical delivery of the precious metals. As a matter of fact, exactly in London the price of gold ands silver is determined. 

Currently the price of Forex precious metals (“London fixing”) is formed daily at 10.30 AM and 15.00 PM, and the price is determined in U.S. dollars per troy ounce. These rates are official, that is used by all participants on the market of precious metals - mining companies, consumers, central banks, etc. And in the time space between the announcement of "London fixing", prices of the Forex metals move freely, determined by supply and demand. 

Technically the transactions with gold (symbol XAU) or silver (symbol XAG) are exactly the same as the deals with any currency pair, with the only difference being that as one of the active currency in these transactions acts the precious metal itself.

There are no any specific trading strategies when Forex metal trading. Any trading strategy applies for transactions with the precious metals, since all the components of trading tactics: technical indicators, linear instruments of technical analysis, moving averages - react to changes of the price itself, regardless of the type of the trading instrument.

The Historical Development of Precious Metals Quotes

According to the company MaxiForex, historic lows have been noted:

  • The price of gold in 1999 ($251 per troy ounce)
  • The price of silver in 1991 (3.5 dollars per ounce)

Since 2003, quotes for the Forex precious metals steadily have been increasing, reaching last year's highs: gold price in the world markets broke the mark of U.S. $1,000 ($1,032 per ounce). The prices for other Forex metals in recent years are also close to maximum. Particularly for the first time in 30 years the silver price came close to $21 per ounce. Platinum and palladium also rose up to $2273 and $582 respectively.

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree