Jul 13 2016 at 09:11
Gold made a significant retracement for the past two days, but I too think the bullish trend isn't over yet.
Jul 13 2016 at 16:17
Gold is a good play around significant risk,for now I think its eased off somewhat.
"They mistook leverage with genius".
Jul 14 2016 at 09:05
If BoE cut the rate as the market expect them to do, gold will likely gain. Perhaps back to 1340-1350.
Jul 14 2016 at 10:36
We'll see. For now it's testing the support at 1324. If it breaks below that level we could see it reach 1300 again.
Jul 21 2016 at 09:44
Gold is still slowly descending, but I think we should be looking for a good place to open long positions, especially if it reaches 1300.
Jul 24 2016 at 14:12
Bearish on Gold and Silver.
Positivity
Jul 26 2016 at 08:57
Gold is really struggling to break below 1310. I wouldn't open shorts unless it broke below that level.
Jul 26 2016 at 09:11
Eyes on the Fed to break the range.
Jul 27 2016 at 08:56
stian posted:
Eyes on the Fed to break the range.
If that doesn't break it, I don't know what will.
Jul 28 2016 at 08:56
The FOMC statement yesterday caused a big jump to the upside and Gold broke above 1340. I think next target is 1360.
Aug 01 2016 at 05:23
Gold could rally to the 1358 level and the 1310 level could act as support.
Aug 01 2016 at 05:51
Despite the fact that median price to sale ration on S&P is >2 and GAAP on 2012 levels, negative yield environment push investors to stocks. Stock market is not solid any more. Furthermore, most central banks have huge problem with leverage on their balance sheets. There are few places for rebalancing at the moment and one is definitely gold . From trading perspective S/D, regression analysis and futures reports favors longs. If not long yet, 1265 – 1254 area is a good entry point.
"No man ever steps in the same river twice"
Aug 01 2016 at 09:34
So far I am not seeing a signal for a move to the upside and I wouldn't open longs before it breaks above the resistance at 1355.
Aug 06 2016 at 13:00
Gold reacted quickly to the downside after the upbeat US data.
Positivity
Aug 08 2016 at 05:26
It’s interesting to observe the shift on Gold/USD correlation and demand for mining stocks. Gold has room to the downside, short term, but has to be treated like a buying opportunity for $1400 area.
"No man ever steps in the same river twice"
Aug 11 2016 at 10:42
While I have little doubt it will reach $1400 eventually, for now it looks like there will be a lengthly sideways consolidation period.
Aug 13 2016 at 11:01
Does anyone know what caused that whipsaw on Friday?
Aug 13 2016 at 19:01
Bad US numbers, followed by a slight recovery, you find similar patterns in other USD currencies and silver.
Aug 14 2016 at 10:19
stian posted:
Bad US numbers, followed by a slight recovery, you find similar patterns in other USD currencies and silver.
Thanks. I need to pay more attention, apparently.
Aug 14 2016 at 12:41
Neutral at the moment.
Positivity
