gold

Good morning, We're keep watching for butterfly pattern on daily chart and would be happy if we get chances to enter around 2320 - 2340 intraday support levels:

Good morning, Our Gold target at 2390$ has been reached. So, now we have to change the scale and turn to larger time frame. the major question is whether gold will keep going higher or still will show some pullback:

Good morning, Gold accurately goes with our trading plan. Now we're watching for CPI release and keep an eye on 2380-2400 target area:

Good morning, Gold shows upside reaction from our first $2335 area. If it appears to be just short-term, the next level that we're watching for potential long entry is 2315$. * I"ve missed a bit in the video - not CPI, but PPI of course today.

Good morning, Gold keeps bullish context, so we intend to watch for 2345 and 2330 levels for potential long entry again:

Fundamentals As we've mentioned yesterday, there were no big events this week, especially gold specific events. But the progress of existed factors that are supportive for the Gold market and some political events tell that we're on the right course. It is amazing how very small event could...

Good morning, Gold has made the action that we've expected in previous 2 days. We consider 2372-2380$ as the nearest upside target.

Good morning, Gold shows light bullish sentiment, showing slow upside performance. Thus, we're keep watching for 2335 level as nearest upside target by far:

Good morning, Gold shows very tight action, that looks like a flag consolidation, suggesting that some upside swing still could be formed. This makes us to wait and not take short position right now, despite that daily/intraday context is bearish.

Good morning, In general we've got the upside bounce that discussed recently, but due some reasons the background for short entry is not good. We do not exclude some upside continuation here as well, so do not consider any new bearish entries by far:

Good morning, Gold market mostly stands indecision, but intraday picture looks slightly bullish, suggesting that Gold could show a bit more extended upside action:

Fundamentals This week I would mention two groups of factors that will make impact on Gold market and already is making. First is a bit longer-term, such as recent IMF article about world fragmentation, Borrell statement on the US domination and some other issues. Things that previously hardly...

Good morning, It is difficult to say what we'll get on NFP report, any weakness probably should support Gold. But, for now we still think that Gold could try to show higher upside bounce:

Good morning, So Gold has made the bounce from predefined area. Although technical reasons exist now for short entry, we prefer to wait because of signs of dollar weakness on other markets and mostly because of announced QE by US Treasury.

Good morning, Our concern that market is turning bearish has been confirmed. Still for taking a new short position we have to wait a bit, because market at daily Oversold and we're coming to the FOMC results:

Good morning, Gold shows not the best performance for bullish B&B "Buy" pattern. It is still valid, but price is flirting with its invalidation point around 2315$. In video we discuss different options and trading ideas in relation to current situation:

Good morning, In the beginning of the week we will be busy with the same daily B&B "Buy" setup and try to lead it to the end. We will keep an eye on the depth of intraday retracement and particular on 2315$ level that seems critical for this trading setup:

Fundamentals This week gold mostly reacted on easing of Middle East tensions rather that on the US statistics. Although we think that this is temporary and very soon recent GDP and PCE numbers also will make impact as on US Dollar as on Gold. Yesterday we've explained why we think these numbers...

Good morning, B&B "Buy" trade on daily chart works fine and we stay focused on its 2377 target by far. If you're with us - don't forget to manage stops (to breakeven at least) and watch for PCE numbers today:

Good morning, Gold stands in decision, waiting for GDP and PCE releases. We consider current performance as bullish and suggest any deep on data release might be the chance to buy: