Gold once again traded in a tight range yesterday with the price floated within USD12 and closed up by USD5. Everyone should be able to take advantage of the range 1794-1810(1) in the past few trading days as the market is basically moving in line with our expectations without any surprises. The Fed. meeting later on today should be the stepping stone for the...
Gold has stayed once more in a tight range last Friday. The price opened near 1807 and has begun its way down before the European session opening. The price has rebounded at the US session after it has touched a weekly low near 1789. The day ended at 1802, down by USD4. The price has been trading between 1794-1807(1) since last Wednesday. The buying...
Gold remained in a tight range yesterday, with the day ended at 1796 down by USD4. The structure on the 1-hr chart hasn't changed much, where the S-T trading range remains in 1794-1810(1). Pattern (2) so far is still valid; however, the daily fluctuating range stays tight, the market may still need another 24-48 hours for the next breakthrough. After all, be...
Gold traded within a tight USD 15 range yesterday. The price broke the 1800 support early in the Asian session and has fallen all the way to the day-low near 1795 during the European session. The rebound to day-high has begun once the US session became active. The market ended at 1806, up slightly by USD2. Nothing has changed so far in the 1-hr chart, the...
Gold rallied from the weekly low yesterday. The price traded between 1805-10 throughout the Asian session. It has touched day-high 1813 right before the European session opening, and the fall began. Once it broke the S-T supports line(1), the price has gone all the way to 1795. The day ended at 1804, down slightly by USD3. The structure has changed much on...
The gold price slipped sharply at the US session yesterday. At the market opening yesterday, it has carried the buying momentum from the day before, the price tested the 1815-18 resistance zone a few times during the Asian & European sessions. The break to the upside happened at the US session opening. The price cleared both the 1815-18 resistance zone and the...
Gold retreated further last Friday. The market opened near 1829 early in the Asian session and the selling has continued throughout the day. After the price broke the support line(1) at the European session, it has gone straight to the 1815-18 support area. The price then rebounded at the US session opening, but it has broken the 1815 support(2) before the...
Gold rallied from the 1-week low yesterday. It opened at 1810, and it has started to slide after it touched the early high near 1815 in the Asian session. The price hit day-low 1795 at the US session opening and rebounded quickly back to day high. The market ended near 1812, up slightly by USD 2. The price movement was in line with our expectations yesterday....
Gold pulled back from a 1-month high yesterday. The day opened near 1826 yesterday. It broke the resistance 1830 at the European session and climbed to 1835. But thereafter, buying didn't follow through, the day ended at 1829, up slightly by USD2. The upward triangle pattern(1) is still valid on the 1-hr chart. A new S-T resistance line(2) has formed in the past...
Gold finally escaped the 1790-1815 range yesterday. The price was bouncing between 1810-15 while it traded early in the Asian & European session yesterday. As the market approached the US session opening, the price has cleared the resistance at 1815-18 and climbed all the way to 1829 level. The day ended near 1826, up USD 19. The market has triggered some...
Gold was once again rejected by 1818 yesterday. Carrying the buying momentum from the US session the day before(1), the price climbed gradually(2) early in the Asian and European sessions yesterday. The market has become volatile once the US released its inflation figures, the price touched as low as 1797 then quickly rebound to day-high 1818. The day ended at...
Gold traded within a USD 16 range last Friday, remained in a tight range without any structural changes on the 1-hr chart. Can continue to take advantage of the 1790-1815(1) range before the next break. The S-T uptrend channel(2) can be used as a rough guide to trade within the range. If the price crosses the bottom support line(2.1), most likely the price will...
Gold rallied from the bottom of the range yesterday. The price began its slide early in the Asian session, broke 1800 at the US session opening, and touched day low at 1790. The price bounded back to 1805 for the day's end. As mentioned yesterday, still awaiting the next major structural change on the 1-hr chart, as the price has been trading within the...
Gold pulled back from a weekly high once again yesterday. The price has begun its climb early in the Asian session, broke the S-T resistance line(1) around the European session opening, and jumped all the way to the top of the range, 1815. It peaked near 1818 at the US session opening with the day ended at 1802, down by USD 2. The climb on the 1-hr chart so...
Gold was up slightly by USD7 yesterday. The price has begun its climb from 1795 early in the Asian session trading underneath the previous uptrend channel(1). It reached the day-high near 1809 at the US session opening with the day ended at 1803. Currently, the price is maintaining its path within the 1790-1815 zone(3). An S-T resistance line(2) has formed in...
Gold pulled back from a 2-weeks high yesterday. The price has begun its climb from 1791 since the Asian session. It peaked at 1815 at the US session opening and thereafter started to go south. The day ended at 1796, up by USD5. Overall, the price has traded within the uptrend channel(1) throughout yesterday on the 1-hr chart. While it has escaped the uptrend...
The gold market was relatively quiet yesterday with the US had the Monday off. The price was trading below 1790 early in the Asian session. Once the gold price broke the resistance at 1790(1), the range has moved up to 1790-95 for the remainder of the day. The market ended at 1791, up slightly by USD4. Gold has already crossed yesterday's high of 1794(2) in...
Gold climbed further last Friday but rejected by 1790 again. The price was trading between 1775-80 during the Asian session until it broke the resistance at 1780(1) last Friday. The price has reached our target. the top of the downtrend channel(2), before the US session. The market ended at 1787, up by USD11. On the 1-hr chart, gold has escaped the downtrend...