In this video, the Trader Guy looks at the commodity, gold for the July 3rd session. Gold/USD — Gold pulled back towards the $1,765 level and rallied quite nicely, as the jobs number came out of the US. The market needs to clear the resistance at the $1,800 level. To the downside, the 50-day EMA, and the $1,750 level look supportive. Buying dips is the way to trade this market at this moment. The central banks like the Fed and the ECB are […]
Posts Tagged ‘gold’
Gold Forecast — July 2nd 2020
July 2, 2020 at 16:53
In this video, the Trader Guy looks at the commodity, gold for the July 2nd session. Gold/USD — The trading session was strongly bearish on Wednesday session. You can expect the $1,775 level to offer support. A break down below this level, then the 50-day EMA, and the $1,750 level could offer support. You have jobs numbers coming out of the US on Thursday. The central banks like the Fed and the ECB are doing […]
Gold Forecast — July 1st 2020
July 1, 2020 at 17:50
In this video, the Trader Guy looks at the commodity, gold for the July 1st session. Gold/USD — Gold attempted to break above the $1,800 level on Tuesday session. To the downside, the $1,750 level, and the 50-day EMA look supportive. The $1,800 level is the next target. The central banks like the Fed and the ECB are contributing for liquidity in the markets. The market looks bullish and pullbacks are seen as value at the moment.
Gold Forecast — June 30th 2020
June 30, 2020 at 15:15
In this video, the Trader Guy looks at the commodity, gold for the June 30th session. Gold/USD — Gold opened on Monday session gapping higher, pulled back, and then bounced a bit. The market needs to clear resistance at the $1,800 level. Then, the $2,000 level is the next target. Pullbacks should find support at the $1,750 level. Also, the 50-day EMA is supportive. The central banks like the Fed and the ECB will be contributing […]
Gold Forecast — June 29th 2020
June 29, 2020 at 18:19
In this video, the Trader Guy looks at the commodity, gold for the June 29th session. Gold/USD — The Friday session saw the gold market to pull back a bit. However, the $1760 level offered strong support with the formation of a hammer candlestick. The coronavirus situation is causing the flow of investments towards the safe haven, which includes gold. Hence, dips are seen as buying opportunities, with the 50-day EMA to offer support.
Gold Forecast — June 24th 2020
June 24, 2020 at 16:36
In this video, the Trader Guy looks at the commodity, gold for the June 24th session. Gold/USD — Gold has now breached above the $1,785 level. A break above the $1,800 level is seen as a strong bullish move. Any pullback towards the $1,75 level is seen as a buying opportunity. Also, the 50-day EMA will offer buying opportunities. The actions of the Fed and the ECB are contributing for higher prices in gold. The gold market […]
Gold Forecast — June 19th 2020
June 19, 2020 at 16:47
In this video, the Trader Guy looks at the commodity, gold for the June 19th session. Gold/USD — Gold market is trading within this consolidation zone, as you can see on the daily chart. The $1,750 level seems to be strong resistance. To the upside, the $1,800 level, and the $2,000 level are the targets. The 50-day EMA could be offering support below. Gold market is in an utrend. So, buying on dips will work […]
Gold Forecast — June 17th 2020
June 17, 2020 at 15:21
In this video, the Trader Guy looks at the commodity, gold for the June 17th session. Gold/USD — Gold has been trading inside this consolidation zone, as you can see on the daily chart. The Tuesday's trading session was initially slightly bearish, but then turned back to show signs of life. To the downside, the 50-day EMA will offer support. This market is in an uptrend. So, the idea of buying dips at lower […]
Gold Forecast — June 15th 2020
June 15, 2020 at 16:13
In this video, the Trader Guy looks at the commodity, gold for the June 15th session. Gold/USD — The $1,750 level is proving to be strong resistance, which is closer to the top of this consolidation zone. A candle close above the $1,775 level is seen as the breakout of this consolidation. Look for pullbacks closer to the $1,675 level for buying opportunities. The central banks like the Fed and the ECB are printing money. Also, this market […]
Gold Forecast — June 12th 2020
June 12, 2020 at 15:56
In this video, the Trader Guy looks at the commodity, gold for the June 12th session. Gold/USD — As you can see on the daily chart, the market could be trading within this consolidation zone. When the price reaches towards the $1,700 level, then it is a buying opportunity. The central banks like the Fed and the ECB are printing money and it could work against their currencies. Also, gold market is […]