dgowty

dgowty

So we've seen the Gold price enter a ranging phase in December following the election. Volatility has dropped significantly though, the Gold price did see some fairly large moves due to economic news surrounding price inflation and the Fed's analysis for monetary policy going into 2025. Last week's close saw the gold price respect the current price channel,...

dgowty

I discussed more of the fundamentals that have impacted the Gold price in my long-term analysis post and how this might play out leading up to Trump's inauguration. In this post I wanted to look at some interesting technical insight that emerged late in Friday's trading session. We saw Gold drop from a high of around 2721 at the start of the week in the NY...

dgowty

We saw another week of volatile movements for Gold. This time, the movement appeared to be influenced by news of Trump's pick for Treasury Secretary and the Ceasefire announced between Israel and Hezbollah. This resulted in a sudden drop in the Gold price at the start of the week before we saw some significant economic news released towards the end of the week....

dgowty

After yesterday's big drop off the back of Trump's pick for Treasury Secretary and news of a potential ceasefire between Israel and Lebanon, the gold price reached a low of 2605 before settling in a range between 2615 and 2630. The drop is a little surprising given the Trump pick had been known for several days and it appears that he might help temper the...

dgowty

The gold price saw a strong rebound last week with the price rising nearly 6%. This saw the gold price respect the upwards trend that has been established over the last year. Uncertainty in the Russia Ukraine conflict provided the main demand for gold last week in the absence of any major economic news as investors looked for a risk hedge. This movement in gold...

dgowty Updated 

The Canadian CPI data came in higher than expected that dashing hopes of another large rate cut at the next meeting of the BoC. Coupling this with rising geopolitical tensions that have lead to weakness in the USD saw a fall of 0.4% in the USDCAD in yesterday's trading session. Overnight Canadian yields have increased while US yields fell. The currency pair...

dgowty Updated 

Following up on the weekly chart I posted yesterday, we saw nearly half of last week's losses recovered in a day. The news seems to support a further rise in the gold price and there is little economic data out this week so I think we will see a continuation of yesterday's action. Looking at the hourly chart gold has just pushed through resistance at 2619 and...

dgowty

I published some trend analysis using the adaptive trend finder 2 weeks ago. I wanted to revisit this given the eventful couple of weeks we've had. The previous analysis highlighted an ultra-strong uptrend over the previous 20 weeks on the weekly chart. Prior to the election, the rally in gold the price showed little sign of slowing down. In the last two...

dgowty

So I thought I'd post some thoughts for the first time on TradingView. As we've all heard a million times; 'the trend is your friend.' Given the price movement in Gold in the last week, I thought I'd zoom out on the weekly chart for Gold to see where last week's results sit with the longer-term trend. I've been using the adaptive trend finder from Julian_Eche, I...