Not sure what Gold is doing today, looks like ranging, but upwards biased, although I fear exhaustion...

Gold

I agree with this, that it could well go back up in the Asian session, as it didn't close below 1900 on the daily, and the US data was mostly bad, so let's see! Maybe we'll even be going to 1950?

Gold

Ah well done! I also took profit at 1924, but I am reluctant to enter any Long's, just in case we are still overbought, as we never went down to test 1885 or 1870 or 1825 , only ended at 1895 earlier today....

Gold

It should, especially when PPI comes out

Gold

...And we're going back up, to 1909 - 1911, at least?

Gold

Time to go back up to 1919! or 1925!

Gold

I may be wrong, but I think we've hit the cap for today, and this week... Have a good weekend all.

Gold

All the way! However, I am concerned about the growing overbought and overstretched factor, just depends on if the Dollar turns around or not... Has to pullback sometime soon!

Gold

Maybe! But let's see if 1910-1920 can be broken, being very strong supply zone...

Gold

Thanks, good idea, I am hoping with Aahmad that it will eventually start trickling down below 1900 again, being overstretched, overbought, and data reflecting mixed, but mostly negative for Gold

Gold

Good call! I see a long wick formed recently, pointing to a significant resistance zone, so we could be going down from here IF the CPI comes in hot or stronger than expected, especially the MoM data

Gold

Hard to say, it might slightly and then shoot up, unless the CPI is really hot, which the whole market doubts, but we will see. Thank you for the clarity and your awesome insight, BabaYaga!

Gold

You are implying that the bullish pressure is decreasing, or that any bearish pressure has been relieved?

Gold

Thanks Goose, nifty advice as always! Also, then the TIPP data will be released, which always affects Gold, albeit not always hugely.

Gold

Thank you very much Aahmad! And welcome back ForexGoose, I hope everyone has rested well and are charged for a good year for Gold! I am a bit frustrated and confused how Gold can keep going up despite NFP numbers being high and unemployment rate ...

Gold

I would say break down towards 1815 support zone...

Gold

Thank you you Aahmad, looking forward to the last data for this year. Do you mean you have a sell limit at 1822? Blessings to you.

Gold

Nice one! I believe Gold will test 1800 today...

Gold

Thanks for your insights, Fontu, always appreciated. I'm surprised it hasn't dropped further due to strong US data.

Gold

yes this is unfortunate, but if it can stay below 1800, as well as 1795, then I'm sure it will have to drop to test 1784 again

Gold