gold

Good morning, So, our worry was not in vain and bearish context has been crush, while we saw first signs on Wed this week. Yesterday market significantly has overcome our minimal 2214$ target. Now could focus on major monthly target of 2270$, although the pace of action could be slower as gold...

Good morning, Gold is getting more and more bullish signs. Now we consider 2114$ area as nearest upside target:

Good morning, Gold keeps nominal bearish context on daily chart. But due coming PCE numbers and some bullish patterns on intraday charts we suggest to postpone short entry consideration on later time:

Good morning, Gold has started expected upside bounce, but market is looking a bit more sophisticated than it seems on 1st glance:

Good morning, Gold starts downside retracement. 2145$ area is the nearest target. The next step is to watch for more extended bearish patterns - DRPO "Sell" and 4H H&S patterns that could trigger action to 2100$ in perspective of couple weeks:

Fundamentals Although this week we could mention only Fed meeting among important fundamental events and maybe SNB decision on rate cut, that was unexpected - volatility on gold market was significant. Geopolitical situation, US domestic political struggle, financial conditions across the world...

Good morning, Gold as other markets now stands under US Dollar's strength pressure. We have two bearish patterns on daily chart, suggesting deeper retracement. Now price hits intraday 2160$ target, making pullback possible. We consider 2185 area as a most probable destination for it.

Good morning, We suggest that market is overpricing recent Fed's comments, although upside gold action agrees with our long term view. Now we suggest it is too early to consider any longs positions. For intraday bears we have two potential patterns to consider:

Good morning, Gold stands in very tight range, and we have minor patterns on intraday charts in both directions. But, because of the Fed meeting results today, we suggest that it would be better to wait and see. Still we suggest that daily picture looks bullish.

Good morning, Despite that bearish pressure is becoming visible on Gold market, price has not reached yet mentioned 2130 support level, that we consider as very important for the next swing direction. We keep short-term bearish context valid by far, at least if the Fed rhetoric will not break it.

Good morning, Gold market behavior is becoming interesting again, and on coming week we could get the number of interesting patterns. Levels of 2130 and 2115$ area in focus:

Fundamentals It seems that Gold now stands among few assets that has no flaws, or maybe the only asset. Despite solid pressure from recent statistics we haven't seen any strong downside retracement. In recent few weeks gold was showing outstanding performance, supported by not only geopolitical...

Good morning, Gold shows incredible resistance to external bearish pressure. This moment and few others make us to stay aside from any short positions by far. We prefer to watch for bullish daily grabber pattern next week, to consider long entry instead:

Good morning, Although we have reasons to expect some bearish behavior on Gold market, intraday performance doesn't show clear bearish signs. That's why we suggest that taking short position might be risky, especially before PPI and Retail Sales data today:

Good morning, Recent CPI data has cancelled our intraday minor bullish setup. Retracement in perspective of few sessions might be more extended and take the shape of AB-CD pattern. Today we watch for market action around 2145$ intraday target and wait when important patterns will appear on...

Good morning, At first glance it is nothing interesting on Gold market right now, but with the detailed look on intraday chart and cross market analysis we could find a few important details. Thus, we suggest that it is not the time yet for short entry:

Good morning, Traders meet real problems in trading process on gold market because of its overbought. We suggest that it would be better to wait for moderate retracement and watch for 2115$ level as potentially interesting for long entry:

Fundamentals No doubts that recent gold rally stands among most important events of the week. The big hype around BTC growth and its exceptional role with ability to replace gold was starting to fade a bit, and gold sceptics become quieter. The majority of analysts explain this with next...

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook. The most important economic data for this week are: Tuesday: US Services PMI at 15:00 GMT for the month of February. The consensus...

Good morning, So Gold has completed our target around 2150$ top, but in general situation barely has changed, and we have almost no technical topics for discussion. That's why today we talk about "near the market" subjects, relating to the gold.