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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...

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Gold fell another USD39 yesterday with a day-low touched 1767. The daily range was just like the day before with the day-high & day-low USD60 apart. It remains a one-way downtrend on the 1-hr chart, and a bottom has yet to form. The current rebound has begun from 1770, (1) & (2) should be the target for now. Gold has completed the M-T 0.382 retracement(3)...

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Gold fell near USD 47 yesterday. The dropped was basically triggered by the Fed. meeting, from 1860 all the way to 1803 before the market ended at 1811. The price was supported by the S-T support line(1) up to the Fed meeting. The S-T trend was a one-way down once the support(1) and the bottom of the downtrend channel(2) broke. A bottom near 1802 has formed...

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Gold continued to retreat yesterday. The price has traded between 1860-68 early in the Asian and European sessions until it broke the support at 1860 at the US session. Day-low touched 1851 and the day ended near 1858, down by USD 7. Gold remained in the downward channel(1) on the 1-hr chart. Price should run between the resistance at 1867 and the S-T support...

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Gold dropped to as low as 1843 yesterday, but the price has rebounded quickly once the US session began. After 2 consecutive days of consolidation, an S-T downtrend(1) has been formed on the 1-hr chart. The upper resistance is now sitting near 1895. The gold price is moving lower(3) after it has escaped the M-T support line(2). But the buying support is...

1uptick Updated 

Gold began its fall after the price has touched 1903 early in the European session last Friday. Since then, the buying support has vanished altogether and the price has kept rolling lower till the end of the US session, which ended the week at 1876. As a result of the price has broken the S-T support line(1) and the lower than normal trading volume from the...

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The price has fallen to 1869 before the US session opening yesterday, but it rallied from the weekly low right after the US CPI figures, and the market ended near day-high around 1898. Although gold is now back to the 1880-1910 price range and broke the resistance line(1), the rebounding momentum from 1869 is not strong at all yesterday. S-T the price might...

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The trend hasn't changed much in the past 24 hours in the 1-hr chart. We are expecting some major fluctuation in the coming US session. But before gold breaks any support or resistance, the price should maintain its path within 1883-1903 and the S-T resistance line(1) is still valid. Gold is still trading in a tight range 1883-1903 on the daily chart. The...

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Gold once again rejected by 1900 yesterday. The uplifting momentum has slowed down after the price escaped the S-T support line(1) in the Asian session. Price sank below 1895 and the day ended at 1891. The S-T trend has shifted from upward to horizontal. Before a new S-T trend is formed, the price should trade between 1880-1910(3). Gold maintains its path...

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Gold gained slightly yesterday. In line with our expectation, the price had traded within the triangle pattern(1) throughout the day, with the price reached day-high 1900 breaking the resistance line(2) at day end. As the price has escaped the triangular structure(1), the trading zone for today should shift to 1895-1915(4.1). Notice, a new S-T support line(3)...

1uptick Updated 

Gold rebounded from the 2-week low last Friday. Pressure by the selling from the night before, the gold price has dropped to 1855 early in the Asian session. But it has rebounded and stayed above the 1870(1) support in the European session. Quickly after the US employment figures, the price reached day-hihg 1896 with the week ended near 1889. An S-T bottom...