With price trading in a correction and within a symmetrical triangle it would be best to monitor key supply & demand levels A break above the 31st May High would indicate bullishness for Gold which I do not expect happening until March or April when the first rate hike happens. Below it is the November 16 High and the 2nd January High all key levels needed to be...
With Gold trading 2021 sideways and failing to perform as a hedge against inflation it would be best to look at key levels and look for short term opportunities with respect to key supply and demand levels. My guess is since gold has failed to perform as an inflation hedge (which it is know for ) might well be as well be very latest disappoint in a time where...
Gold markets have initially gapped higher during the trading session on Wednesday to reach a much higher level and still continues to show signs of strength. It looks like the market is hell bent on going towards the $1830 level above which of course is an area that has been important more than once which is the top of the consolidation The $1800 level of course...
We have been in a longer term uptrend but this pullback that we have had has been rather vicious. I could anticipate a log of back and forth and choppy behavior and I would say that if we were to break below the bottom of the candlestick for the week that would almost send the pair towards 1.38400. If we were to break below 1.35000 it would almost send the pair...