Daily chart looks even more bearish today, we can see 3850 soon. (I will not short but it looks quite bearish) A few considerations: 1) USD Index is rising and EURUSD is falling. And it seems, USD increase will continue. Gold bearish. Reversal of ...

Gold with No Drama

4h candles are stuck between 20 MA and 50 MA lines. We can see strong movement in either direction after decisively break one of them. It looks 51% bearish to me, but movement above 4030 may have also follow through until 4100s (near to 4h 100 MA). ...

Gold with No Drama

Closed (at 3987) my long from 4032 with a loss. I didn't like the gap down opening of Gold. Sidelined now.

Gold with No Drama

It was very choppy end of month day as expected. We couldn't see 4060 and above, only 4045. Not bad though. I closed my longs from 4002 and 4007 with some profits during early London hours. My long from 4032 stay open for next week (it gave a chance ...

Gold with No Drama

I took a small long position from 49.30. We can visit 50 today. Daily, 4h, 1h charts are positive for bulls. Last day of the month also. Can be choppy day. Bulls may force to end month above 50. Not an advice! Take your own risk and decision!

Silver

Come on bulls! You can do it Climb up!

Gold with No Drama

Indeed I should put it in order. Maybe by trying to read books at nights

Gold with No Drama

In addition to long at 4032, added 2 more long positions from 4002 and 4007. Hoping another test of 4045-4050 today. If not, I am willing to hold for next week. Not an advice! I might be wrong! Also, today is end of month, it can be tricky.

Gold with No Drama

I added some more longs before Asia open from 4022. And I just closed all longs at 4042 on average. I closed quick since leverage was high. We are above 4030, today looks buy dips day. Definitely more up potential. I will be looking to buy ...

Gold with No Drama

It can be. I don't have significant pattern observations with different sessions. At Asia or London, there can be some bearishness to 4000s (I expect upside movement at Asia btw). But, overall picture at 1h, 4h, and Daily charts suggest further up ...

Gold with No Drama

Yes, sure. I entered now because I don't expect much resistance from 4030 level. At 1h chart, we are already above some 20/50/100 MAs (moving averages). And at 4h chart, we are above 20 MA which has capped upside attempts so far since drop from ...

Gold with No Drama

I took a long at 4025 by aiming 4065 until the end of tomorrow. 1h, 4h and Daily charts look positive for bulls. Bears are losing downward momentum imho. Note: My entry point (peak of the day) is not so good probably. But if you feel comfortable ...

Gold with No Drama

Although I was sidelined biased, I took small long from 3970 last hour and just closed it at 4004 Still more up potential. At 4h chart, it looks that we finally break above 20 MA which was succesfully capping upside attempts so far.

Gold with No Drama

As far as I know, rare earths are common around the world but so far many countries didn't invest enough to mine and process them, probably because it was quite cheaper to just buy from China. And in a world of hostile int relations, it become ...

Gold with No Drama

Maybe, no news left to push it further down. US-China meeting and its expected positive news are realized. FED decision risk is gone (even with some uncertainty about Dec rate cut, but it was actually also expected (I mean deliberate ambiguity by ...

Gold with No Drama

Both are buying time to prepare for ultimate confrontation.

Gold with No Drama

Given below Weekly charts, further up movement at USD index and further down movement at EurUsd looks quite possible. FED rate cut is realized and FED was quite neutral about Dec rate cut. Even there will be another cut at Dec, probably it will be ...

USD/JPY Discussion

I don't see any reason yet to short UJ technically or fundamentally. Some consolidation is possible but going down to 150.xx looks quite unlikely to me. Things looks positive for further up in next days.

USD/JPY Discussion

Finally above 153.30 after BOJ Press Conference. I caught pips last hour from 153.08 to 153.45 Let's see it will stay above or not.

USD/JPY Discussion

I closed with small profit (7-8 pips). Although it is promising to wait for more at bigger frameworks, I don't want to be greedy (usually ends with misery). I gained already much more than daily target in last 5 hours. I will just focus on ...

USD/JPY Discussion