Forex Trader

Gold headed back down again, after it didn’t manage to brake true the 1200 in the last two days. There is several technical supports now here between 1170/80, the question is could that level hold the sellers? US dollar is not favorable in the market, but gold can’t get benefit from that situation, which is a little unusual. If US

Gold have found buyers again, this time at 1170 on Friday. At the start of this week, gold is bullish from the begining, from 1176 and the precious metal catch the high of 1192.90 for now. Despite US dollar strenght, gold is holding good, but this level could be resistance level again, the previous support/resistance from April. H4/MA200 is placed at

Gold traders have no mercy, but take a look at this beautiful and precise H4 H&S. 1175/77 could stop this fall and return gold up toward 1185, bellow 1175 could be more fall. Heavy selling today, 1200 was broken first, MA200 second, 1185 third, up trendline after… Wow, 1175 could be next as well!? USD/JPY is marching upward strongly too…This is

Here we are, the day after fantastic gold turnover. As you can see in my chart, Gold opened the week exactly at support level, despite friday’s loss and fall bellow, (SL hunting). Yesterday, the bulls have taken over the situation and push the gold all the way to the 1208, to previous resistance level, where the bears have reacted and

Fridays fall was a little strange for me at gold and as I already commented in my previous gold analysis from April 23., the fall could be a search for the buyers at 1178/80 support level. Well, that’s exectly what was happen here. The gold bulls have taken over the game at that level and strongly push the gold back

Gold finaly came out of the triangle, breaking true the support at 1190/95 after home sales data yesterday. Gold players waited for anything to make a move and after the data, much better then expected, this was the only choice. As you can see on this char, gold didn’t manage to pass true the 1205/08 for 5 days in a row, pushing

Gold is quite indifferent to developments in the market in the past two weeks, stuck between 1190/1208. Could we see a stronger move here soon? I think we could. The gold has pushed into corner of this triangle and ‘something’ must be broken here. It’s not easy to predict where it will go, because gold doesn’t react stronger to the weak, or the

What do we have on gold and how the things are developing regardles to my inverse H&S prediction? We could see that gold managed to stay in the 1190/1220 range, with slight decline bellow at April 14., when I was pointed that move in my analysis, as an possible fail brake. 1208 was the first minor resistance and that level was

Even the US dollar is not so favorable today, gold didn’t manage to hold above the 1190/95 support today!? This is H4 chart and this could be daily fail brake, but take a closer look at this level today. This trendline coud stop the fall for now, there is H4/MA200 as well and previous support at 1178/80 is near. On

This is potential inverse H&S there is no doubt, but 1220/23 is the main target to be broken for furder development here. We could see that the ‘second shoulder’ at 1190/95 is holding for now, despite strong US dollar in the market and that is important level as well on the way down. If gold manage to stay between 1190/95

Gold didn’t manage to brake down trendline in April 01./02. at 1208 and it didn’t trade on NFP day. After NFP bad data, US dollar was slamed in the market and it was obvious that gold will open new week with gap up, that exactly happen yesterday. Gold opened the week at 1214, after wich attempted to brake 1220/23 resistance, but

Gold is back with yesterday’s $28 gain, covering three falling days in a row. The low of 1180 had pushed the gold strongly up all the way to 1208, just near the trendline and daily MA100 at 1210. Today, the gold is slightly pulled back to 1202 at the moment and all I see here is first support at 1201 (H4