Look at UJ. Wicks on the 4H. The carry trade is about to resume. The TIC data would have been a bit of a shock for market. The Dollar isn't looking so pretty after all, and UCHF is meeting resistance @ the 21 ema weekly chart, as it did last time. ...

AUD/USD

Divergence or not, it's a buy @ .9950 Trend line support. Think we are going back up, across the board, with gold and silver selling off to fund the shift in asset classes. USD/CHF and UJ heading south. (Likely, do your own DD)

AUD/USD

US reversed its bull position from Thursday. The bears were in charge on Friday. Let's see if they are still in bear mood.

XAU/USD Spot Gold

Yes, the backwardation could be one reason why they let it fall over for a bit, deal with the speculators then put it back on track. Or not.

XAU/USD Spot Gold

This chart highlights what the problem is - major resistance now @ 1361 and ema compression combined, potentially an explosive mix. A domino stops tripping exercise may be on the cards, once it clips the first set of stops, the rest will also likely ...

XAU/USD Spot Gold

Bullion banks and COMEX commercials have increased net short positions both gold and silver - url The problem with all this consolidation happening on gold is the very real possibility that it will collapse south. TIC data on Tuesday, market may ...

XAU/USD Spot Gold

Already rumbling about the next rate hike on the back of the home loans data url

AUD/USD

Yes. An ideal situation would be for price to pull back to .9955 in weekend trade prior to NY open (or as a result of the news due), putting in a classic tweezer pair, one bear, one bull, nice wicks, strong move north. It could otherwise potentially ...

AUD/USD

Hi Anne, welcome, great first post, some very astute observations. There's a nice head and shoulders pattern on the daily thus far which if it follows through (it may not) should see more south. AU is an asset class risk currency, it's always a ...

AUD/USD

There's that deeper resistance point @ 1370-72 mentioned earlier, that is still in play. When market opens at the beginning of a new week, the US generally has control of the trading floor for the first few hours initially - the USD and gold can ...

XAU/USD Spot Gold

Certainly make or break moment here. 200 and 21 ema's supporting on the 4H. It's been experiencing some serious rejection on the 50 fib, but I'm still liking the 61.8 fib @1380. Egypt may still be weighing, but also on balance, bullion as a hedge ...

XAU/USD Spot Gold

Cup n handle # 2 forming. Major resistance also coming up around 1371-2. If it can clear that resistance, won't be any stopping it on the romp north. It has good ema support and the weekly candle so far is looking good for more north.

XAU/USD Spot Gold

The weekly trend line as a buy @ 1310 is now looking like the real deal for long. Some reading and listening.. JP Morgan are now taking gold bullion as a hedge against inflation (and probably also because they can see the writing on the wall for the ...

XAU/USD Spot Gold

cup n handle in progress? looks like we are going back up

XAU/USD Spot Gold

Timing is the issue. Shorting ES in the lead-up to US equities open isn't the best of moments (unless there is compelling evidence to the contrary). 1370 may provide stronger resistance. Best not to argue when price isn't doing what you expect. ...

ES Discussion

i.e. given that ES is very prone to overshoot being the excitable child in the crowd it has broken above the megaphone trendline, but am not convinced it will be sustained do you guys think market will really buy the 9% unemployment rate bs ex ...

ES Discussion

I'm rather liking it for short around here, subject to some candle confirmation. It's not noticeable on the daily or weekly, but the monthly may find some resistance here.

ES Discussion

on a side track... GU... great example of how price often responds at the 61.8 fib on retracements, hit it to the pip.... always a good place to put stops, just above the 61.8 fib Also a good fib to watch for potential entries.... if price does not ...

XAU/USD Spot Gold

Meanwhile, further examining the entrails... oil is a pretty picture for south (meaning USD strength) and gold weakness. The 61.8 fib is often a turning point for price. btw, just keep in mind that this is a candle in progress, being the monthly ...

XAU/USD Spot Gold

DJIA chart — Interesting.

XAU/USD Spot Gold