gold

Fundamentals Recent week was very important for all markets, including gold. Investors have got a cold shower from inflation data that could be treated as most important ones in recent few months. That's why yesterday we've dedicated our EUR report to inflation subject. It has brought few...

Good morning, Gold has shown more reasonable reaction on Retail Sales report, keeping short-term bearish context intact. Now, around 2010-2020$ area bears have to make a decision about position taking:

Good morning, Gold hits our first 1977$ target on daily chart. Upside bounce that we've discussed is started. Now we consider ~2000$ and ~2010$ levels potentially interesting for short entry. Downside target is ~1965$:

Good morning, CPI has triggered downside action, so our setup has worked nice. We suggest that it will be not a short-term reaction. We consider 1977-1980$ as nearest target, next one is 1965. More extended is on the daily chart - area around 1925$.

Good morning, Situation on gold market starts looking more bearish. If we correct, we could see action to ~1985$ in nearest term. Although nominal crush of bullish scenario has not happened yet, more and more bearish signs appearing. Thus, we think that chances on downside continuation look...

Good morning, Gold finally has formed bullish grabber on Friday. It is still a question how reliable it is, but at least theoretically - only bulls has context for trading now. Although this context is a bit tricky and not very attractive. Bears, by our opinion, should wait when weak bullish...

Fundamentals So, on gold we see the same slow performance as on EUR. Probably sooner rather than later but activity will come back. Who knows, maybe on next week due to CPI report. This week our report consists of two parts. Yesterday we've discussed recent CBO forecast and clearly has shown...

Good morning, Gold context remains bullish by far, but looks weak. We consider 2020$ yesterday lows as vital area for bullish background. For conservative traders it would be better to wait for clarity and postpone activity on next week.

Good morning, We keep watching the forming process of new reverse H&S pattern on 4H chart. Now 2025$ area seems vital for bulls. Market either has to turn up from there or downside action will continue.

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

Good morning, Upside bounce from predefined level has happened. Gold still keep potentially bullish pattern valid, so we do not consider now any bearish positions:

Good morning, Gold has slipped a bit lower and now is wobbling around 2020$ area - vital for reverse H&S pattern. Either it starts working or we get downside continuation:

Good morning, This week we've got two same but opposite patterns on weekly chart. Our solution is to stay stick with reverse H&S pattern, monitoring price action around 2020-2025$ support area and see what direction will prevail:

Fundamentals Gold has passed through recent doom and gloom of the Fed and NFP reports relatively quiet. At least no one reaction has become a hazard for existed bullish context. This means a lot. In fact, despite often speculation concerning ETF holdings, that they were dropping actively in...

Good morning, Gold bullish context stands fine by far. We do not consider any short positions for now and intend to watch for NFP report. If any deep around $2030 area will be formed, we consider it for long entry. Our major upside target stands around 2090-2100$:

Good morning, Despite the Fed volatility, Gold keeps wells our bullish scenario. Now we consider long entry with upside continuation to the next 2070$ target. 2030$ now seems as short-term critical area for this setup:

Good morning, Gold keeps bullish context. With a lot of coming events in nearest two days (Fed, NFP etc), we do not exclude retracement to 2020$. Thus, taking long position in parts now seems like not bad compromise.

Good morning, So now gold has set upside trend on daily chart as well. Potentially we see 2090-2100$ target of this action, and some additional minor targets stand on 1H chart. We consider 2020-2025$ as attractive area for long entry:

Good morning, Gold stands indecision. Formally, we have only bullish grabber on weekly chart, although price performance is not impressive. For bears we suggest to wait until situation with this grabber will be resolved somehow:

Fundamentals Gold now mostly follows the common tendency. As geopolitical tensions from Middle East come off the headlines of media agencies and everybody turns to TX problems, markets stuck in indecision. Forex, and gold stand in tight range without any big swings in any direction. Of course...