Related commodities
Gold. This is what the opportunity setup looked like.Gold.
This is what the opportunity setup looked like way back in August of 2023.
Price was $1922. Now $4226. Over 120% higher.
There is no such opportunity now.
GOLD (XAUUSD): bullish-Neutral! Prepare To Buy!In this Weekly Market Forecast, we will analyze the Gold (XAUUSD) for the week of Dec. 8 - 15th.
Gold closed last week indecisive. It has been moving sideways inside a bullish FVG, that continues to act as support.
Prepare for a short term pullback.... and buy it.
Mindful that FOMC is Wednesday,
Gold Bulls Are Making Hard Work of New HighsI remain sceptical of gold’s latest bounce and continue to look for signs of a swing high. A less-dovish — or relatively hawkish — Fed cut this week could be the catalyst for a stronger US dollar and lower gold. Either way, it’s hard to imagine gold breaking back above its record high without a mean
Gold trending or mean revertingTrading near the upper zone may indicate a potential reversal or pullback toward efficiency levels.
GC (gold) updateMFI is touching oversold....
Might take a shot at some GLD calls tomorrow, not sure because Fed meeting on Wed.
Silver now at $58.Way back in mid 2023, before gold and silver broke out.
I suggested silver (was $24) tracks gold's performance vs inflation.
Silver now at $58.
GC (gold) UpdateMFI hit overbought and SI (silver) hit overbought on RSI.
Decided it was easier to trade stock options than commodities today. No position.
Post-FOMC Context: Policy Divergence & Inventory AdjustmentCOMEX:GC1! FOREXCOM:XAUUSD COMEX_MINI:MGCG2026
Analysis
1. Macro Context (The Currency Auction)
The structural bid for the USD remains valid due to clear Policy Divergence .
* The Fed: The "Hawkish Cut" (25bps) coupled with the signal for a "slower pace" (only one cut projected for 20
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for Gold Futures is Nov 25, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Gold Futures before Nov 25, 2024.