Posts Tagged ‘gold’

Random video

Archives

Gold Forecast — September 20th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 20th session. Gold/USD — The market rallied slightly on Thursday session. The $1,500 level below looks supportive. Also, the market is now trading at the bottom of this consolidation zone, as you can see on the daily chart. The 50-day EMA below looks supportive. Central banks around the world are cutting interest rates at the moment. Gold market is still in an uptrend. […]

Gold Forecast — September 19th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 19th session. Gold/USD — Gold market on Wednesday session, fell strongly after the policy statement from the Fed. But it recovered in the later part of the session. It looks like this market will remain range bound for a while. The 50-day EMA is just below. Also, the $1,500 level looks supportive. The area above the ascending triangle pattern is […]

Gold Forecast — September 18th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 18th session. Gold/USD — The market is trading at the bottom of this consolidation zone and bounced off the $1,500 level, as you can see on the daily chart. There is a press conference and an interest rate announcement scheduled by the Fed this week. If price falls below, then the 50-day EMA below and the $1,450 level will come into play. A break above […]

Gold Forecast — September 17th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 17th session. Gold/USD — Gold market opened the week gapping higher. Recently, there were drone attacks on oil facilities in Saudi Arabia. A break above the top of the shooting star candlestick from Thursday session is a bullish sign. To the downside, the 50-day EMA, and the $1,450 level look supportive,. Selling is difficult at the moment. Buying gold at lower levels is […]

Gold Forecast — September 16th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 16th session. Gold/USD — The market broke below the $1,500 level on Friday session, but is still close to the bottom of this consolidation zone. Any fall below, the 50-day EMA will come into play and offer support. Also, this uptrend line, and the area above the top of this ascending triangle pattern look supportive. So, selling is difficult […]

Gold Forecast — September 13th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 12th session. Gold/USD — Initially, the market rose up, but the fell back after the ECB announcement about cutting interest rates by 10 basis points, and increase in quantitative easing by buying bonds. The market is now trading at the bottom of this consolidation zone. To the downside, the 50-day EMA could be tested for support. Also, the $1,450 level, which is the top […]

Gold Forecast — September 12th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 12th session. Gold/USD — Gold market on Wednesday session, gapped lower on open, then turned around to break above the $1,500 level. So, this market could remain in consolidation for a while. The ECB looks set to do more quantitative easing. The headlines on US-China trade dispute related to tariffs could have a significant impact on the market. To the downside, the 50-day EMA, and the uptrend […]

Gold Forecast — September 10th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 10th session. Gold/USD — The Monday session was initially bullish for gold, but then turned around to fall towards the $1,500 level. Right now, the market is at the bottom of this consolidation zone. To the downside, the 50-day EMA, and the $1,500 level look supportive. Selling is difficult at the moment as buyers could react from the supportive area below. So, buying dips […]

Gold Forecast — September 9th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 9th session. Gold/USD — The market went sideways on Friday session, as the jobs numbers that came out did not have much effect. The weekly chart shows a shooting star at the top of this range. To the downside, the 50-day EMA, and the $1,450 level look supportive.. There is an improvement in the negotiations between the US and China regarding the trade dispute on tariffs. Also, the loose […]

Gold Forecast — September 6th 2019

In this video, the Trader Guy looks at the commodity, gold for the September 6th session. Gold/USD — The Thursday session was bearish for gold, as it fell inside the consolidation zone. To the downside, the $1,500 level is seen as the short-term floor in this market. Also, the 50-day EMA is rising, and indicates bullishness in this market. The $1,450 level, which comes at the top of the ascending triangle pattern is also supportive. Currently, there are trade […]

Navigation

Menu