Posts Tagged ‘gold’

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Gold Forecast — February 26th 2021

In this video, the Trader Guy looks at the commodity, gold for the February 26th session. Gold/USD — The trading session was very bearish on Thursday session. The $1,750 level could be tested for support. A breakdown below this level is very bearish. Also, the 200-day EMA will come into play. The yields for the US Treasury 10-year note are rising, which is negative for gold. In the meantime, this market could remain […]

Gold Forecast — February 25th 2021

In this video, the Trader Guy looks at the commodity, gold for the February 25th session. Gold/USD — Gold pulled back initially on Wednesday session, but then bounced off to form a hammer candlestick, as you can see on the daily chart. This is a positive sign. It looks like this market is attempting to form a basing pattern. The $1,750 level is seen as the short-term floor in this market. Pay attention to the yields […]

Gold Forecast — February 24th 2021

In this video, the Trader Guy looks at the commodity, gold for the February 24th session. Gold/USD — The market saw a sideways price action and fell below the $1,800 level to form a hammer candlestick, as you can see on the daily chart. You need to see a daily candle close above the 200-day EMA for a strong move to the upside. The next psychological resistance comes at the $1,950 level. The $1,750 level could be the short-term floor in this market. […]

Gold Forecast — February 23rd 2021

In this video, the Trader Guy looks at the commodity, gold for the February 23rd session. Gold/USD — The gold market saw a little rally on Monday session. As you can see on the daily chart, it looks like gold is attempting to form a basing pattern. The yields in the US Treasury 10-year note is rising in the US, which is negative for gold. The $1,750 level could be a short-term floor in this market. You need […]

Gold Forecast — February 22nd 2021

In this video, the Trader Guy looks at the commodity, gold for the February 22nd session. Gold/USD — Gold saw a sideways price action on Friday session and formed a neutral candlestick. As you can see on the daily chart, you have the formation of a double bottom pattern. The $1,750 level could be the short-term floor in this market and a breakdown below this level is very bearish for gold. However, a break above the $1,850 level is […]

Gold Forecast — February 19th 2021

In this video, the Trader Guy looks at the commodity, gold for the February 19th session. Gold/USD — Gold initially rallied on Thursday session, but then rolled over to form an inverted hammer candlestick, as you can see on the daily chart. This chart looks very bearish at the moment. The $1,750 level could be tested for support. A breakdown below this level will be very bearish for gold. If the yields for the US 10-year […]

Gold Forecast — February 18th 2021

In this video, the Trader Guy looks at the commodity, gold for the February 18th session. Gold/USD — Gold fell once again significantly on Wednesday session. Now, the next support could be located at the $1.750 level. A breakdown below this level could be very bearish for gold. Rallies need to overcome resistance at the 200-day EMA. You need to see a candle close above the 50-day EMA for a strong bullish move to the upside. In that […]

Gold Forecast — February 17th 2021

In this video, the Trader Guy looks at the commodity, gold for the February 17th session. Gold/USD — Gold got hammered on Tuesday session after finding resistance at the 200-day EMA, as you can see on the daily chart. This was due to the rise in the yields of the US 10-year Treasury note. Also, the 50-day EMA could offer resistance. To the downside, the $1,750 level could be supportive. So, gold could likely consolidate in this general […]

Gold Forecast — February 16th 2021

In this video, the Trader Guy looks at the commodity, gold for the February 16th session. Gold/USD — Gold pulled back slightly on Monday session. It is hovering around the 200-day EMA at the moment. It looks like it is attempting to form a basing pattern in this area, as you can see on the daily chart. A breakdown below the $1,750 level is very bearish. A candle close above the 50-day EMA is very […]

Gold Forecast — February 15th 2021

In this video, the Trader Guy looks at the commodity, gold for the February 15th session. Gold/USD — Gold on Friday session pulled back towards the 200-day EMA testing for support. It bounced off on the later part of the session. The 50-day EMA above could be resistance. So, you need to see a candle close above the 50-day EMA for a long-term move to the upside. To the downside, a breakdown below the $1,750 level is very bearish. In the meantime, […]

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