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Good morning, Overall picture barely has changed, the only minor add-on is bearish divergence on 1H chart. If market is bearish indeed, everything is done already for reversal down. If no reversal will follow - then the market is not bearish anymore and we should be ready for upward...

Good morning, Long-term perspective is not absolutely cloudless for the gold and a lot of "if" factors exist. But shorter term situation is moderately positive still:

Good morning, Previous driving factors do not work any more while new ones have not appeared yet and it holds EUR locked in tight range within recent 7 weeks. Unfortunately we also can't act until major breakout follows and have to deal with intraday setups only:

Good morning, Gold keeps intrigue by far, forming H&S pattern on 1H chart and standing inside wide 4H triangle. But, as EUR shows opposite action, we should be careful as situation could change here

Good morning, On daily chart overall perspective still stands blur, as investors do not know where to push the market, despite that long-term bullish tendency hold. Still, on intraday chart we have better situation than yesterday:

Good morning, BTC has completed upside retracement targets and should start reversing down according to our scenario. So let's see how it goes:

Good morning, Gold shows light downside reaction on Fed statement, which we believe should accelerate in few sessions

Good morning, EUR ticked down on new FED comments. Now it seems that downside action is too small to the value of Powell's statement and market still needs to think about Fed statement:

Good morning, Gold keeps chances to hit our predefined 1975 level before Fed statement, but what will happen after that totally depends on J Powell...

Good morning, Actually guys, markets are waiting for the Fed and we have almost nothing to comment right now:

Good morning, Gold has moved slightly higher, but it is too early to deny our central scenario. 1975 level stands in focus:

Good morning, EUR gradually is moving higher and positions that have been taken yesterday could be held. But, there is no good setups for a taking of the new ones by far...

Good morning, As market mostly was dead last week, we keep our central scenario with downside continuation on daily chart. But downside action could start from different levels as upside retracement could change different shape:

Good morning, It seems that gold gradually is coming to an exit from consolidation and we have reasons to suggest that it might happen this week.

Good morning, While EUR holds above 1.1750 lows we treat context as moderately bullish

Good morning, Gold has formed 2nd bearish grabber yesterday. Despite that overall action shows very slow progress, we are not free to consider any long positions while these grabbers are valid

Good morning, It seems that GBP stands under strong pressure and directly follows to major daily support area

Good morning, Gold has completed our short-term setup, but provides nothing new by far for trading. Thus, you could only decide whether to hold yesterday's long position a bit more.

Good morning, Market shows very slow action without any valuable setups by far. Now it makes sense to keep an eye on 1H chart, watching for any reversal patterns there:

Good morning, Gold stands flat on daily chart, so now all that we could do is just consider intraday action and short-term setups: