Gold Under Pressure in Front of the FED Meeting
On Tuesday Gold continued pushing through the 1840 level, trading as high as 1854. Support for Gold becomes 1940, which is a level to add on to long positions. This mornings sell off is natural […]
Gold, Platinum, and Silver Breaking Out
On Tuesday we wrote about the tortures of consolidation suggesting a breakout in either direction was coming. We wrote that based on our algorithm and positions the breakout would be higher.
Wednesday was possibly just the […]
Gold and Silver Continue to Torture Traders
Many times, we have written about the pattern of consolidation, which is also known as the greatest time of uncertainty. No markets have been more uncertain than Gold and Silver for the past few months. […]
Gold Targets 1820
We are seeing a solid rally in Gold, Silver, and Platinum this morning. Are the patterns reversing? We remain short across the board but can see a path to a reversal. A close above 1820 […]
Sound Familiar, Gold Fights for 1800
Here we are once again with Gold fighting at the pivot point of 1800. This battle has gone on for months indicating months of congestion. This time around, the trend is lower meaning that 1800 […]
Gold and Silver Struggles Continue
Today is jobs Friday; equities and metals have been under pressure all week. The FED continues to be unable to recognize the problems they created. The question here is what has the market priced into […]
Silver Reverses to Long, Gold Still Struggles
As we approach the final week of 2021, Gold remains in a struggle to reverse from the short side to long. Although Gold has broken through 1800, its inability to find a consistent rally will […]
Gold, Silver, and Platinum, Positioned to Go Lower
Gold, Silver and Platinum are positioned to make another run to the downside. The trio remain weak and without energy indicating lower prices are ahead. There is nothing that indicates this pattern is changing anytime […]
Gold Continues to Fight for 1800
Gold is once again trying take takeout 1800 February futures. For now, we will assume that it will fail. 1800 has acted like a magnet for the past few weeks; when it gets above it […]
Gold Reverses, Short Squeeze or Turnaround
Yesterday we wrote that Gold, Silver and Platinum were waiting on the FED and that they were pricing in big decision. Once again, the FED tries to cover the ignorance of their ways and took […]