Last week the structure became very suspect and, as I thought, gold collapsed. It cleared the position of buyers targeting 2070. Eventually gold will clear these highs but do not expect it to be that easy. Gold has fallen very aggressively but it has consolidated many times around the 2000 level. It is an important level, so I expect it to bounce back. There is a...
Yesterday Gold fell after the bullish CPI, clearing the liquidity from the buyers. At the moment, I have no reason to believe that gold will turn bearish. Some people may see a trendline retest, others a head and shoulders. I see: daily closes for gold and silver were bullish, GDX made new higher high. So monthly, weekly and daily time frames are still...
Gold is clearly bullish. Even with higher prices on Yields, gold is going up. Today is CPI and it will be very volatile. GDX GDX is unstoppable. It just goes up. Silver Consolidation is broken. Higher prices are expected. Yields I suspect that Yields will respect the channel and will go down today with CPI. Benchmark Gold...
Gold is moving in a bearish channel. We do not know how long this channel will last. Until it breaks, the price action will remain bearish. Yesterday the 4H zone failed to hold, thats why I expect gold to go further down to the daily manipulation - the start of the bullish impulse. I expect gold to form a small daily candle. Gold vs Silver Silver was...
Gold reached the 4H manipulation area and reacted with weak manipulation. Until this area is broken Gold is bullish. Silver vs Gold Silver looks bearish, but in smaller time frames it is consolidation, meaning for me that it refuses to go down. Gold vs GDX No signs of bears on GDX. Gold vs Yields Yields opened with bearish gap, showing...
EU is moving in a very tight bullish channel. I dont see any sign to go down. Interest rates The FED may want to pause on rates, but the ECB has been very clear - there will be no pause for now. Historically, the ECB always raises rates later, but also pauses later. This divergence will drive the EU higher. On last meeting ECB rose the rates with 50pbs...
Gold has been in a consolidation for two weeks - a very tricky one. It could be a double top, triangle, wedge, head and shoulders, every known pattern. Any speculation at the moment is gambling. Next week is a new month and new quarter, which means gold has a lot of room to fall before the rally resumes. The important numbers for the institutions are the annually,...
On Friday there was big chance Gold to go up. The news that German stocks and banks are red, should push Gold up. It does not happened, instead Gold bounced and start forming consolidation. Because of the current Macroeconomics, it is not clear how big will be the consolidation, but overall Market Sentiment is bullish. Technical analysis are bearish for now. I...
I was bullish for the news. Gold is even more bullish than I expected. Did not gave us good bearish impulse, but 200pips profit is enough. Preparation, you can see on the chart below (click to see it at full)
Gold made very strong push on Friday, driven by the uncertainty. The bullish trend in continued. Overall I am expecting bullish continuation, but first price will retrace a bit. 2000 area is very strong psychological area, just like 1800. Macroeconomics The uncertainty is very high, because US banks failures. These banks are small, but still very big sign...
I have to admit, I expected more volatility. It seems that uncertainty is too high, because of the SVB failure. Price is ranging and totally not moving Overall very small profit for today - not satisfied. Tomorrow is a new day, meaning new opportunity. The preparation you can see on the chart below. (click to see the full chart)
I am expecting a bullish continuation. Price formed reversal pattern 2 weeks ago and last week was just a retracement. NFP moved as I estimated and confirmed the rally. Macroeconomics The most recent decline happened, because J.Powell said that we probably will see higher levels of the interest rates. Last month the readings were very inflationary....
My bias was confirmed. Sticked to the plan and made some money. The preparation: (click to see the full view)
Gold was manipulated to the upside and I am expecting continuation. If you missed the buy, probably there will be a retracement, so try to catch it. Price went up, as I expected but too early. Last week I expected price to clear some sell side liquidity before turn. As always Gold surprise us. Macroeconomic Macroeconomics did not change. Readings are still...
Price almost reach the 1800 area, which is very important area. Price is consolidation around this area for last two years. Thats why I think Gold will react in this area. Also the timing fit for a reaction. It is a new month, so we may see bullish move, forming the wick of next bearish monthly candle. I have to mention the long-term moving average. MA is...
EU bounced from the lower band of the channel, logically we can expect the upper band to be met. This level also lying up with the monthly pivot points confluence. The trend is bearish, so further updates will be required, when price reach this level. Top-Down The doji week, could bring some bullish moves. But for now the main trend remain bearish. ...
On Firday I called a reversal, and price moved exactly I thought, even a bit higher . " today we have all confirmations for reversal: 1) monthly LQ was taken 2) there is only one week to the end of the month 3) friday very often price reverse 4) gold moved very much at the end of the trend - big chance for exhaustion 4)surprise big movement at the Asia, when a...
Price was not reacted as I thought, but overall the bearish bias did his job and brought 200 pips profit. CPI data showed that inflation is not moving and we may see more inflation in future. This was bearish for Gold and eventually dropped. The preparation from this morning: The preparation just before the news