I'm not sure exactly what the target would be, but I would be surprised if gold held above the $1555 level. We should see some more selling. Conservatively, $1545 should be tested, and more logically, the $1530 would be in play. But take that with a ...

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

While I think there's some more downside risk to gold, WTI is a little tricky. I believe that the oil market has been far more efficient in terms of pricing in new information from recent events. Fundamentally speaking, oil prices are already ...

Private Island Traders

It sounds like any flight to safety related to the US-Iran tensions are over. If so, there's more downside risk. As shown in the chart below, Gold touched Friday's closing price and bounced. That was around $1555. image However, the assassination ...

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

In one hour, President Trump will speak on the Iran conflict. I think there's going to be a lot of retail traders caught like a deer in headlights. Of all the scenarios, I see the most likely one as this being the end or near the end of the ...

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

Hi Zeshaankhan, if I gave you intraday points I'd be doing you a disservice by trying to make those predictions. Instead, in this thread we attempt to assess the risk and determine where the direction could go. I'm always happy to answer any ...

High Impact Events Trading... Gold & Copper

Last week's API data showed a draw of -7.8 million and the week before that a draw of -7.9 mil. Historically inventories levels in EIA data have shown draws in late December and early January. If that's any indication, I'm thinking we see a draw ...

WTI Crude Oil Trading

US ADP Non-Farm Employment Change - January Preview ADP Non-Farm Employment Change Forecasts According to Bloomberg, there's a very wide range of estimates. From 70K to about 225K. Within that range, most estimates fall between 130K and 190K. While ...

High Impact Events Trading... Gold & Copper

I thought this was an interesting graph. NatGas supply is outpacing domestic (US) demand, while crude had a strong Q1 and Q4 in 2019. Also bearish for NatGas was the second warmest November on record. image

Macro Talk

Here's another good link for tracking US weather outlook (loop): url

Nat Gas anyone?

I can't help but be bullish on gold right now. But after investigating a little further there are two things that peaked my interest. Gold's ascend began back on Dec 23rd, well before the US-Iran drama Even though I firmly believe the markets are ...

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

NatGas showing some signs of strength here. 15M chart: image

Nat Gas anyone?

Gold right now, hitting fresh session highs. image

Gold RIGHT NOW

I think I can finally say with some confidence that NatGas is heading higher, or at least has hit a short-term bottom. Check out this link: url The US is finally going to get a cold weather system to sweep across the country and it's going to ...

Nat Gas anyone?

Palladium has benefited from the recent US-Iran tensions as well. It broke through $2000 today and it looks like there's no ceiling on this thing. It's doubled since late 2018. If anyone owns an older Toyota Prius out there, I've heard there's about ...

Palladium trading

It seems like if we hold above the recent highs made after the Saudi drone strikes, there's plenty of reasons to believe that we could retest the prior highs around the $67 level. As long as uncertainty related to war/military actions between US and ...

WTI Crude Oil Trading

It's as if we are in an era of central bank boosting, especially with bond purchases. In 2016, many believe that there was an asset bubble popping and central banks prevented it (or delayed maybe) by injecting into the economy(ies). Some believe we ...

Macro Talk

We came within $10 of $1600 today on the CME GC front-month contract. At the start of 2020, most forecasts kept gold under $1600 for the year. I guess they weren't betting on US-Iran tensions getting worse. Gold's safe haven status at play. ...

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

Gold rallying on risk off related to Suleimani assassination. I think there's some serious upside potential as this creates some more uncertainty in an already unstable Middle East. Gold could have a big day here. Volume isn't close to where it ...

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

Classic risk off environment. Gold higher, bonds higher, equities selling off. This might be the start of a bigger move. Oil traders were on top of it. It took some time for the moves to develop in other markets. Volume is still way too low to think ...

WTI Crude Oil Trading

You're absolutely right. I had it backwards. Sorry and thank you! I think this has legs. WTI is rallying on Suleimani assassination. The is big news IMO. Surprised markets aren't in any risk off mode. Oil is certainly reacting. I'm not sure if he ...

WTI Crude Oil Trading