gold

Fundamentals Gold market shows impressive performance in last few weeks, suggesting that sentiment is changing. Gold is raising together with other assets - stocks, bonds. With the subject of recession that we've discussed yesterday it is not surprising. But recession and coming Fed easing is...

Good morning, So, the pullback out from 2080 area is started. Now, as we've agreed already, we're watching for two support areas - 2060 and 2045$. If market indeed is still bullish, it should stay above them...

Good morning, Gold has complete our 2078-2082$ target level and now most interesting thing is ready to start. We suggest that it is absolutely vital for gold to stay above 2045$ area to keep bullish context intact. Otherwise, chances on deep downside action will start increasing geometrically.

Good morning, Gold accurately keeps upside tendency, but now it comes to daily 2078$ resistance area. We prefer to watch on market reaction to make a decision on long entry later in the week. We consider no shorts, at least on daily time frame:

Merry Christmas to everybody, On Gold market we intend to control key levels, especially 2030$ support area that should help us to answer whether gold still keep bullish sentiment or deeper retracement is possible:

Fundamentals The news stream this week becomes narrower. Closer to the end of the year, markets become quiet and no important statistics usually released. So, today we prepare a kind of "special" report that let us to explain why gold market should get inspiring future ahead. You will see that...

Good morning, In general our Gold setup is working fine. Today we get PCE numbers and gold has chance to complete our nearest target around $2056-2058 level:

Good morning, Gold picture now is a twin brother of EUR - similar patterns on the same time frames, except just one thing. Sad but true - we've got bearish grabber on daily. But let's not panic too early ;)

Good morning, Gold could show the action in the same manner as EUR, because both assets have similar patterns. Thus, on gold we consider 2056$ as nearest upside target.

Good morning, Despite gold starts some upside action, we suggest that 2nd downside swing of retracement is highly likely, based on indirect signs. Thus, we do not object against scale-in entry, but keep watching 2000-2005 area that gold still could achieve:

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 near-term outlook. The most important economic data for this week are: Tuesday: BoJ Interest rate decision at 03:00 AM GMT. The market consensus is...

Good morning, Picture on weekly and daily time frames is not clear yet, both scenarios are possible. That's why until clarity comes, we stay focused on intraday charts and H&S pattern. Next week we watch for 2000-2005$ area of previous top which could become good indicator of the next direction:

Fundamentals As we've said in our FX report - most important event of this week is the Fed meeting, and particularly J. Powell statement on coming rate cut in 2024, that the Fed somewhere on the plateau of the rate policy. Yesterday we've discussed in details recent Fed meeting, explained why...

Good morning, Based on recent performance and market sentiment, Gold could continue upward action together with other assets. Now we consider intraday bullish pattern and ability for position taking around $2015-2017 area:

Good morning, So, the Fed intruding has pushed gold far above expected 1995-2000 area. Now gold stands in the same situation as EUR - at the edge of the bearish context. And we intend to watch what patterns will be formed to understand next direction.

Good morning, Gold slowly drifts lower and we keep our 1956$ nearest target. Still, as price action stands in the channel, we suggest to wait for minor upward bounce before taking next short position:

Good morning, Gold shows hidden bearish power, ignoring big technical support levels. We suspect that it is going to 1955$ target:

Good morning, We expect that downside retracement should be more extended. Meantime, market stands at oversold and daily strong support area. Hopefully we get rally to sell this week:

Fundamentals Yesterday we've taken a look at recent NFP data and some secondary indicators that show a bit "different" picture. Besides, problems in the US economy become more evident. In gold report we take a look at some points of Chinese economy, which is just a mirror of the US one. It is...

Good morning, Gold shows nice bearish background, suggesting that downside action should happen, but we should be aware of coming NFP report, that could make position taking process a bit tricky: