This is a pretty common setup used by traders without any fancy order flow tools. Run stops, I personally monitor it via block trade overlay Get back into range and turn the stuck / popped blocks into “stuck” Look to trade back into range Covered it in a few tweets here and again As always,…
Category: Gold (GC)
Gold Analysis – GC futures and XAU cfds alike, great market to trade around the clock
Precious, X-King and SP
Hey Traders, Dollar put in some new lows today coming within a dime of the bottom of the channel posted in last night’s update. Here are short term levels to watch to possibly start building bullish case: Both short dollar and long gold trades seem overcrowded, but not sure if its wise to chase either…
Gold Futs: Switching GCQ to GCZ
Gold Traders, as of today there is more volume in the GCZ contract. Cheers
Monday April 13th Intraday Futures Analysis
Update WTF EST: looks like GS moved earning to after the close. Good for them. Update @ Close: extremely low volume day, all eyes on GS earning in the morning.Check back later for daily update. Update 3:31 pm EST:all trends green, ES at highs with no recent high/tick confirmation. Another new high as I type…
Monday April 13 Daily Market Summary
Hey Traders, very low volume trading day today, with lowest ES volume since January 2nd, which makes you wonder if break above recent highs should be trusted. Will start building a bearish case from smallest time frames as bullish technicals start to break down. Here is a quick summary of the past months activity brought…
Gold Outlook
Hey Traders, Gold has certainly taken quiet a hit lately and has broken some significant support levels, with likely test of another key area after this consolidation with possible slight pullback. There are some factors which negate technicals big time, for instance check out recent Reuters Article Anyhow, here is a look at charts:golddaily1On the…
Monday April 6 Market Summary
Hey Traders, another of false hope for the bears, closing at session highs and trading as many as 15 pts above the daily low, putting in a daily doji:esdES was trading as high as 848 in pre-market, which would have resulted in the open above the trendline, which seemed rather unlikely. ES traded into Thursday’s…
Monday April 6 Intraday Market Analysis
Update Cash Close: good day overall, check back for daily updates and significant levels later on, feel free to follow on twitter and spread the word if you find information on this blog useful. Update 3:58pm eST: that ambush finally tagged, have been waiting in line to short it since $tick hod around the lows,…
Whats next for Gold?
Good Evening Gold Traders, looks like Gold broke some significant technical levels and is breaking down, down over $20 on the night as I type this. Bears should be careful at these levels, as it seems that some support levels are not too far down from here. golddaily 855.3 is 50% retracement from multi-year lows…
Bob Prechter on Silver & Gold
By Nico Issac In case you hadn’t noticed: Over the past year of financial turmoil, the “safe haven” premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks. It goes without saying…