the gold market this year has essentially only seen upside. since all time highs theres been a run on available contracts during a contraction that has ended suddenly.
it appears that todays rally has been sustained, and the uptrend in futures has all but resumed according to a credit liquidity crunch and bear dollar environment.
according to tv alerts, forex...
COMEX:GC1!
"Never give up! Failure and rejection are only the first step to succeeding." -Jim Valvano
This is perfect play for a high probable trade to go LONG!!!
Check out the Chart Link below where I breakdown the reason being why I think the market will take off LONG...
Remember when it comes to FRM (Financial Risk Management) our Job is to manage the...
Levels to watch if comes (if does not come to this levels ignore this comment) around 2304.6 to 2297.0 or 2290.4
if Sustain above 2343.2 or 2343.6 then 2343.6 to 2348.8 then 2354.7 above this bullish then 2359.4 then 2366.2 then 2371.1then 2376.4
if Sustain Below 2336.4 then 2328.5 then 2323.2 to 2320.2 below this bearish then 2313.4 then 2304.6 to 2302.1 then...
Gold prices had a very good run in the past few weeks but now the selling pressure is showing up on the chart.
Much more downslide is expected if nearby Support is breached because the next support is far-far away.
If the price reverses and reaches cloud area (the consolidation zone), do not keep any position open.
Gold prices dropped more than 2% to a one-week low on Monday as worries over a wider Middle East conflict subsided, prompting investors to scale back safe-haven trades in favour of riskier assets like equities.
Spot gold was down 2.5% at $2,330.51 per ounce as of 1:52 p.m. ET (1752 GMT), and marked its biggest intra-day fall in more than a year.
U.S. gold...
Hey There, Welcome Back. Today we analyze the evergreen hedge commodity.
- If you are an Indian, Given that Gold rallied almost 17% in a very short span You must be quite happy. We Indians love gold. Especially, the ladies in our homes.
- The chart of Gold Futures is showing something interesting. The price took quite a rejection from the recent support zone.
-...
COMEX:GC1!
"Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal
Yo Family I hope all is well. Here i'm going to lay out a few different reason why we may be able to CAPITALIZE SHORT this week on GOLD... This is what we do and we highly skilled at it too... Let's vibe out!!
I study the DXY very very closely as it...
gold futures
Quote from last week:
bear case: Given the bullish climactic nature of the last 2 months, some correction is on order but bears need follow through below 2300 for a retest of the breakout around 2250. On the daily chart, this too is a two legged correction but it’s looking much less bearish, because we are still around the lower bull wedge line....
Market participants will also be closely watching comments from Fed officials next week. The chance that the Fed will adjust policy in September remains slightly above 50%, according to data from the CME Fed Watch Tool. Market positioning suggests the dollar could face selling pressure if Fed policymakers leave the door open to a rate cut in September.
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Gold is tricky at the moment because it's uncoupled from traditional influencers, it is a form of currency and I think central banks buying gold as a possible hedge against any pending currency crises that might ensue either debasing the US$ or the problems the Japanese are facing with their currency woes.
So I believe we push on higher but at a junction right...
