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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

1uptick Updated 

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...

1uptick Updated 

Gold gained slightly yesterday. Carried the buying momentum from the break of the resistance line(1) the day before, it was on its way to the top of the downtrend channel(3). However, the market closed near 1776 yesterday, S-T resistance 1780(2.1) seems strong at the moment. While the buying is supporting near 1770(2.2), the market should trade in the range(2)...

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Gold rallied from the 1-month low yesterday. It has traded below 1760 early in the Asian & European session, and the climb began at the US session. Once the price broke the 1764 early high, it went all the way to 1774, with the day ended at 1769. The ST movement so far is in line with our expectations, where the price once again touched the bottom of the...

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Gold finally broke the range yesterday! The price has been under selling pressure during the Asian & European session, it breached the support 1770-72(1) at the US session, and fell all the way to 1750. The day ended at 1760, down by USD17. After the price rebound to 1760 for the day's close, a new downtrend channel(3) has been created by the newly formed...

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Gold stuck in a tight range yesterday. The price reached the day high 1785 at the Asian session, and it has traded between 1772-82 thereafter, with the day ended at 1778. The pattern hasn't changed much on the 1-hr chart, range-bound remains in 1772-1790. A downward triangle(1) has formed in the past 48 hours. Price will climb to 1790 if the resistance...

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Gold remained in a tight range yesterday, traded within 1772-88 most of the day, slightly down by USD2. The pattern hasn't changed much on the 1-hr chart, the range-bound strategy of 1772-1790 is still good. A new S-T resistance line(1) has been formed, price will once again touch 1790-94 once its breach. Selling pressure is accumulating as the price always...

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Gold was once again rejected by 1794 yesterday in the US session and the closing price nearly unchanged from the day before. The pattern hasn't changed much in the past 24 hours, where support remains at 1770-72 level, range-bound 1770-1890 goes on in S-T. The price was once again rejected by the 100 days MA(1) yesterday and the pullback before the market...

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Gold is entering a period of range-bound now. The price was rejected by 1790 in the late Asian session, once it has escaped the ST uptrend channel(1), it went to day low 1771. The market ended at 1777, slightly down by USD4. Apart from the low volume period in the few trading hours before the market close last Friday and the few hours at the market opening this...

1uptick Updated 

Gold fell from the peak at the US session's opening last Friday after it has climbed from 1772 earlier in the Asian/European session. It broke the 1770 support late in the US session and closed near 1760. Selling remains strong on the 1-hr chart while the market is still waiting for a bottom to form. An S-T downtrend channel(1) can be constructed for now. If...

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Gold rebounded from the 1-month low yesterday. The climb started as trading resumed after the weekend, from 1760 all the way to 1785 in the European session. The price has consolidated a little at the US session opening, but stable above 1780 thereafter. The day ended at 1782, up USD19. An S-T bottom has formed on the 1-hour chart, as Gold escaped the...