gold

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:

Good morning, Recent Gold performance and coming GDP and PCE data suggests that price could re-test recent lows before upside pullback starts:

Good morning, Just external geopolitical pressure has calm a bit - technical factors immediately manifest themselves and gold starts downside reaction due long term overbought condition. Since recent drop was rather fast and we intend to keep an eye on intraday bullish pattern, suggesting that...

Good morning, Despite big events happened last week, there are not solid impact on the price shape. We still keep our trading setup with expectation of upward action and re-testing of ATH :

Fundamentals For Gold market this week has passed under sign of Israel back strike on Iran. J. Powell's comments that all efforts to defeat inflation haven't brought desirable effect has made no big impact on gold price. And even with yields has jumped to 4.7% - gold was keep going higher. This...

Good morning, Gold has some difficulties with upside continuation as it stands overbought on weekly chart. Still we do not see any reasons to cancel the bullish scenario that we have by far. 2052$ area now seems like a vital one for this plan:

Good morning, Gold market stands with technical pullback, while its keeping bullish daily context. Now we consider levels where we could take the long position. The new thing to discuss today is 2332-2336 level as potential for long entry:

Good morning, We keep the same bullish scenario for Gold, based on daily grabber pattern with potential target at previous top of 2435 level:

Good morning, This time we've got nicely looking bullish grabber on daily Gold chart, suggesting target around ~2435$ ATH:

Good morning, By official news Iran-Israel escalation is over, so gold could show deeper retracement due to this news. Now we're watching for 2320 and 2250 areas for potential long entry, depending on what patterns will be formed there:

Fundamentals This week we've decided to prepare a bit different kind of report. Usually we scrutiny watch for particular data and use them to form corresponding background that lets us to form forecasts and long-term expectations. Now after more than a year of this work we've accumulated enough...

Good morning, Gold is absolutely unstoppable now, making difficult speculative trading on daily and above time frames, as it shows no retracement for entry. Now we see only one possible trading setup. It stands intraday and could start around 2372$ area next week:

Good morning, Despite some intraday bearish setups, we do not consider any bearish positions as risks outweigh any advantages and watching for deeps as chances to get better long entry. For now we're focused on ~2280$ support area:

Good morning, As we do not have any new patterns on gold and coming to important events of CPI, ECB and some others - we keep our plan of "trend trading" on intraday charts. For now we have some signs that gold could show a bit deeper retracement, at least to 2335$ support level: