What is also bearish for spot Gold is that price is, at the moment (Friday's Close), down on a quarterly bar basis, or below the March 31st close by approx $10. So almost 3 month's days of trading and nothing to show for it for long term bulls.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Close. $VIX is referred to as the Fear Index. High reading - high fear, low reading low fear. As to what the options market is thinking volatility will be 30 days out into the future.

S&P500 trading

Maybe. At some point. Meanwhile I see a double TDSell Seq13 currently - just within reach of swing high from March, 2022:- image

Carpe diem: Intraday tactics for Dax and Dow

Bulls trying to hold on to support, but upward momentum is weak currently:- image

Gold

Saw this today (but I'm waiting on The Fed tomorrow before trading a position): Key developments that should provide more direction to U.S. markets later on Tuesday: U.S. CPI, FOMC begins two-day meeting U.S. 30-year bond auction image

Carpe diem: Intraday tactics for Dax and Dow

D1, Back after extra long (on both ends) weekend. I almost always close my trades by end of day. Lately waiting out debt limit ceiling talks before entering any new positions. Sun

Carpe diem: Intraday tactics for Dax and Dow

Some weakness starting to creep back in.

Carpe diem: Intraday tactics for Dax and Dow

Other 3 major indices (SPX, NDX & RUT) are all seeing buying come in. Not Dow currently - sideways, although momentum is picking up slightly.

Carpe diem: Intraday tactics for Dax and Dow

Came within 2 points of 38.2% retrace of day's range, but no I caught my trade earlier today. 1, 2 a day is all I need. image

Carpe diem: Intraday tactics for Dax and Dow

Think it is likely just the lunch hour doldrums. Interested for sure how it closes later.

Carpe diem: Intraday tactics for Dax and Dow

Wall Street has yet to find a bottom today - and 10yr yield is cratering too.

Carpe diem: Intraday tactics for Dax and Dow

If $SPX hasn't topped already these are two potential time/price zones I see:- image

S&P500 trading

Think Gold traders are stuck in wait and see mode in the (D) Pres/(R) House of Reps stalemate over budget negotiations concerning raising the debt ceiling limit.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

As I thought might happen:- image

Gold

Not if Crude has anything to say about it.

S&P500 trading

Crude gapped up on the open tonight (OPEC cutting production), DXY up as well and all Dollar FX pairs the other way. Which is naturally causing Gold to drop as well. At least for the moment.

Gold

Should be interesting new week (likely a continuation of current trend):- image

Gold

Now Gold I can see going possibly higher in current market conditions.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

You sure about that, arrow pointing higher?

S&P500 trading

Well so far this morning Gold has follow-thru up, while $DXY is dropping - which is how it "usually" happens.

XAU/USD & XAG/USD - Gold & Silver Traders Thread