Metals Commentary with GoldExpert

Gold: July 18 review
Gold futures for August delivery traded $1425.15 range at early European hours and made a high $1431.45 range today. Yesterday's IMF comments regarding overvalued to US Dollar kept negative trend for Dollar. And Traders buy hedge funds as non-yielding assets.

Traders also wait this month's Fed rate decision. Trump also threatened to impose more duties on Chinese goods which also affect Global tensions.

US Dollar index futures for September delivery traded $96.740 range today and made a new high $97.100 range yesterday. While in major Forex pairs, EU and GU also traded negative zone against Dollar.

Silver futures for September contract in Comex division also made a new high $16.148 range today and up +6.5%(almost +$1) in last five sessions due to this week's weak Chinese data.

On the other sides, yellow metals traded almost 6 years high today but not break this month's high($1439.95 range in Gold). Dollar/US economy become continues strong due to stronger-than-expected all US data in last few days. We hope that profit booking in safe heaven funds will start for today's sessions.

Intraday fundamental strategy for Gold:

Pivot point - $1425.15-$1428 range

And wait S1 $1411.50
And wait S2 $1406.90
And wait S3 $1400.00

And keep R1 $1439.95.

what is the next move in gold?

Gold: July 19 review.

Gold prices soared six year level yesterday and made a new high $1454.35 due to hopes of Fed rate hike expectations and Global economy tensions. Gold prices traded above $1445 range in early European hours.

On other side, US dollar index futures for September delivery traded traded below $96.425 range against all major currencies. This week's IMF had warned against overvalued to US dollar about 6-12% also rise the demand of safe heaven funds. US warship Boxer destroyed an Iranian drone yesterday at Persian Gulf.

Yellow metals will see profit booking for today's strategy.

Intraday fundamental review for Gold:

Pivot point: $1445-$1448 range

And wait S1 $1425.00
And wait S2 $1415.00

And keep R1 $1460.00

It blew that R1! Where we at now?

R1 $1460 got it! I'm long right now and going to adjust my TP and SL based on these calls.

S1 hitted today


what next?

S2 $1400
R1 $1445...GOLD

Ehhh!! We need some drama before the weekend kicks off!

Gold: July 23 review

Gold futures, for August contract traded $1415 range at early European sessions. All eyes on Europe, Japan and US's central bank about rate cut decision.

US-Iran and Japan-S.Korea geo-political tensions keep continue positive trend for yellow metals. Traders always buy as non-yielding assets like Gold and Silver when uncertainly of the world economy.

Yellow metals will see profit booking for today's strategy.

Intraday fundamental review for Gold:

Pivot point: $1414.75-$1412.00 range

And wait R1 $1428.00
And wait R2 $1439.95

And keep S1 $1402.00

S1 and S2 both tgt hitted.(Trend chang today - profit booking in Gold and Silver)

23/07/2019

Gold: July 23 review

Gold futures, for August contract traded $1415 range at early European sessions. All eyes on Europe, Japan and US's central bank about rate cut decision.

US-Iran and Japan-S.Korea geo-political tensions keep continue positive trend for yellow metals. Traders always buy as non-yielding assets like Gold and Silver when uncertainly of the world economy.

Yellow metals will see profit booking for today's strategy.

Intraday fundamental review for Gold:

Pivot point: $1414.75-$1412.00 range

And wait R1 $1428.00
And wait R2 $1439.95

And keep S1 $1402.00

23/07/2019

Gold: July 23 review

Gold futures, for August contract traded $1415 range at early European sessions. All eyes on Europe, Japan and US's central bank about rate cut decision.

US-Iran and Japan-S.Korea geo-political tensions keep continue positive trend for yellow metals. Traders always buy as non-yielding assets like Gold and Silver when uncertainly of the world economy.

Yellow metals will see profit booking for today's strategy.

Intraday fundamental review for Gold:

Pivot point: $1414.75-$1412.00 range

And wait R1 $1428.00
And wait R2 $1439.95

And keep S1 $1402.00

R1 hitted today and gold made a high @1430.45 and silver made a high @16.567.mm

R1 hitted today and gold made a high @1430.45 and silver made a high @16.567.mm

Gold: July 24 review

Gold futures, for August contract traded up 0.37% at $1428 range in early US hours. And US Dollar index traded $97.400 range today against all major currencies.

US-China trade talk could see positive impact for US Dollar. All traders await Fed fund rate decision in next week. EU and GU also traded flat before central bank monetary decision policy.

Hedge funds and US Dollar traded opposite direction at the time of uncertainty and trade war tensions.

Yellow metals will see profit booking for today's strategy.

Intraday fundamental downside review for Gold:

Pivot point: $1428.50-$1430.00 range

And wait S1 $1415.00
And wait S2 $1411.00

And keep R1 $1439.95

Gold: July 25 review



Trader’s eye as on today's, ECB president, Draghi start monetary stimulus packages soon and rate cut decision could be finalized at September month under the central bank guidelines.

Gold futures, August contract traded above $1433.50 range after rate cut decision by ECB president, Draghi. On other side, US Dollar index made a new high $97.653 range today against all major currencies.

Yellow metals will see profit booking for today's strategy.

Intraday fundamental downside review for Gold:

Pivot point: $1433.50-$1435.00 range

And wait S1 $1420.00
And wait S2 $1411.00

And keep R1 $1439.95

GOLD AND SILVER ROCKS AGAIN TODAY ALSO--SEE TODAY'S SHORT CALL 1ST ON FEW HOURS AGOOOOOO

See...GOLD....made a [email protected] range again today also.....against [email protected] range again today also on few hours ago--see today's sell call 1st---what next???

R1 $1439.95
S1 $1400.00....GOLD

See...SILVER....made a [email protected] range again today also.....against [email protected] range again today also on few hours ago--see today's sell call 1st---what next???

R1 $16.800
S1 $16.200....SILVER

Gold: July 26 review

After US GDP data, Intraday strategy for GOLD:

Long GOLD at cmp $1414-1412 range

and wait R1 $1425.50
and wait R2 $1430.90

and keep S1 $1405.00....wait TGT before today's closing.mm

See...GOLD....made a [email protected] range again friday also.....against long@1414-1412 range again friday also on few hours ago--see friday's buy call 1st---what next???

R1 $1439.95
S1 $1400.00....GOLD.....NEXT WEEK

intraday strategy for gold : Long gold at cmp $1417-1415 range

and wait r1 $1428.50
and wait r2 $1432.90

and keep s1 $1406.90.....tgt before today's market closing

29/07/2019

Bullion market traders eye on this week's Fed rate cut decision. Expectation of quarter percentage point rate cut this week against half percentage last week.

US-China trade war talks will begin tomorrow at Shanghai. It could also given positive advantage for safe heaven funds like Gold and Silver.

Gold futures, August contract traded $1419 range at early European hours. We will also see BoJ's dovish rate cut decision.

US dollar index futures, September contract traded $97.833 range and it was almost last eight week's new high against all major currencies. EU and GU traded almost flat to negative zone today.

For intraday fundamental strategy for Gold:

Pivot point - $1418.55 - $1416.00 range

and keep S1 $1406.90

and wait R1 $1428.50
and wait R2 $1433.90