gold

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:

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: