gold

  1. Sive Morten

    Gold Gold Daily Video, February 13, 2024

    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...
  2. Sive Morten

    Gold Gold Daily Video, February 12, 2024

    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...
  3. Sive Morten

    Gold GOLD PRO WEEKLY, February 12 - 16, 2024

    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...
  4. Sive Morten

    Gold Gold Daily Video, February 09, 2024

    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.
  5. Sive Morten

    Gold Gold Daily Video, February 08, 2024

    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.
  6. ExnessOfficial

    Week six, 2024 data: oil and gold

    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...
  7. Sive Morten

    Gold Gold Daily Video, February 07, 2024

    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:
  8. Sive Morten

    Gold Gold Daily Video, February 06, 2024

    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:
  9. Sive Morten

    Gold Gold Daily Video, February 05, 2024

    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:
  10. Sive Morten

    Gold GOLD PRO WEEKLY, February 05 - 09, 2024

    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...
  11. Sive Morten

    Gold Gold Daily Video, February 02, 2024

    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 $2030 area will be formed, we consider it for long entry. Our major upside target stands around 2090-2100$:
  12. Sive Morten

    Gold Gold Daily Video, February 01, 2024

    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:
  13. Sive Morten

    Gold Gold Daily Video, January 31, 2024

    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.
  14. Sive Morten

    Gold Gold Daily Video, January 30, 2024

    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:
  15. Sive Morten

    Gold Gold Daily Video, January 29, 2024

    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:
  16. Sive Morten

    Gold GOLD PRO WEEKLY, January 29 - 02, 2024

    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...
  17. Sive Morten

    Gold Gold Daily Video, January 26, 2024

    Good morning, Gold doesn't show as dramatic action as EUR due to recent ECB and GDP reports. Still, price is stuck between two vital areas, keeping valid both scenarios. That's why we suggest to wait a bit and see what will happen next week:
  18. Sive Morten

    Gold Gold Daily Video, January 25, 2024

    Good morning, So, Gold was able to hold vital bearish resistance of 2040$, moving lower. This keeps bearish context intact. Still we have weekly grabber on the table, that remains valid by far and bulls have to make difficult decision on either taking position with it or not, because market...
  19. Sive Morten

    Gold Gold Daily Video, January 24, 2024

    Good morning, Gold keeps nominal bearish context by far. But on intraday charts we see bullish signs that make us to stay aside from any new short positions:
  20. Sive Morten

    Gold Gold Daily Video, January 23, 2024

    Good morning, So, the first part of our plan is done - gold returns back to vital 2040$ resistance area. Upside breakout increases chances on further upward action in a row of weekly grabber pattern. Holding of 2040$ will keep bearish context valid, at least for some time:
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