Metals Commentary with GoldExpert

So you think Silver's next move is to $16.800??

See...GOLD....made a [email protected] range again today also.....against long@1416 range again yesterday also on few hours ago--see monday's buy call 1st--what next???

R2 $1439.95
S1 $1415.00....GOLD....TODAY.....IN NEXT FEW HOURS

30/07/2019
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Currency markets are very volatile due to three major central bank's monetary policy decision in this week.

US Dollar index futures, September contract traded $97.950 range today against all major currencies. UJ hit fresh new high today against the Dollar after BoJ kept its unchanged rate decision. While, GU made a new 28 month low today against Dollar due to uncertainty about Brexit deal.

On the other side, safe heaven demand like Gold and Silver reached new high today. US-China trade war talks also given positive impact for Gold and Silver.

Gold futures, August contract traded $1425 range at early European hours.

Intraday and weekly fundamental strategy for Gold:

Pivot point - $1425.50 - $1422.00 range

And keep S1 $1415.00

And wait R1 $1439.95
And wait R2 $1447.50
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30/07/2019

Currency markets are very volatile due to three major central bank's monetary policy decision in this week.

US Dollar index futures, September contract traded $97.950 range today against all major currencies. UJ hit fresh new high today against the Dollar after BoJ kept its unchanged rate decision. While, GU made a new 28 month low today against Dollar due to uncertainty about Brexit deal.

On the other side, safe heaven demand like Gold and Silver reached new high today. US-China trade war talks also given positive impact for Gold and Silver.

Gold futures, August contract traded $1425 range at early European hours.

Intraday and weekly fundamental strategy for Gold:

Pivot point - $1425.50 - $1422.00 range

And keep S1 $1415.00

And wait R1 $1439.95
And wait R2 $1447.50

See...GOLD....made a [email protected] range again today also.....against long@1416 range again yesterday also on few hours ago--see monday's buy call 1st--what next???

R2 $1445.00
S1 $1415.00....GOLD....THIS WEEK

R1 and r2 hitted today.mm

It looks like you're expecting the Fed to come out more hawkish that expected. There's really no general consensus. I'd expect quite a bit of volatility today. I wrote up a preview regarding the FOMC meeting later: FOMC Meeting - July Preview (https://www.metalsmine.com/showthread.php?p=12412391#post12412391)

The charts I posted display how gold has been impacted the previous three meetings. One thing we can expect for sure is for the markets to move quite a bit. Good luck!!

Intraday strategy for GOLD:

Short GOLD at cmp $1434.50 - $1437 range

and wait S1 $1422.00
and wait S2 $1411.00

and keep R1 $1439.95....wait TGT before today's closing.mm

S1 HITTED AGAIN TODAY ALSO.

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 $1445.00
S1 $1415.00....GOLD

S1 AND S2 HITTED.

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 $1445.00

S1 $1390.00....GOLD

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

R1 $16.490
S1 $15.750....SILVER....TODAY


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

R1 $1434.50
S1 $1390.00....GOLD....TODAY

Yesterday's FED policy given negative trend for yellow metals.

Gold Futures, December delivery traded $1412.50 range, before US open.

According to my review, expectation of profit booking will soon today in hedge funds due to unsuccessful US-China trade policy.

For intraday fundamental review for Gold:

Pivot point - $1412.50- $1410 range

and keep S1 $1400.00

and wait R1 $1425.50
and wait R2 $1432.00

See...GOLD....made a [email protected] range again today also.....against [email protected] range again today also on few hours ago---see today's buy call 1st---what next???
R1 $1450.00
S1 $1400.00....GOLD

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

R1 $1500.00
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 buy call 1st---what next???

R1 $16.800
S1 $15.980....SILVER

02.08.2019

Gold prices soared after yesterday's D.Trump's tweet and made a new high $1461.05 today. All profits had been washed out after this week's Fed rate decisions.

Non-farm payrolls rose 1, 64,000 in July as per expectation today. And unemployment rate keep steady at 3.7%.

Dow 30 futures traded negative zone due to indecisive US-China trade war news. And US Dollar index traded flat to negative territory against all major currencies.

We were not forget this week's Powell news that not too fast regarding rate cuts, will hope that down trend for safe heaven demands.

For intraday and STBT fundamental review for Gold:

Pivot point - $1452 - $1454 range

And keep R1 $1464.50

And wait S1 $1432.00
And wait S2 $1425.00

What about earnings this morning? I feel like that is something the market has been caring more about than payrolls and unemployment. Your thoughts?

R1 HITTED.

05.08.2019

Last Friday's Trump news regarding additional new tariff hike on China given full support for safe heaven funds like Gold and Silver.

Gold Futures, December contract traded above $1479.00+ range at afternoon US sessions. On other side, USDJPY made a 2019 low $105.80 range against US Dollar.

All Asian markets, traded below -1.5-2.5% down trend range today due to uncertainty global growth and trade war tensions.

US Dollar index futures, September contract traded $97.200 range and continue down trend for last three sessions.

Expectation of profit booking will come very soon in yellow metals this week.

For Intraday and weekly fundamental strategy for Gold:

Pivot point - $1479.50 - $1482.00 range
And keep R1 $1491.90

And wait S1 $1458.00

And wait S2 $1451.00

And wait S3 $1445.00

See...GOLD....made a [email protected] range again today also.....against short@1482 range again today also on few hours ago---see today's sell call 1st---what next???

R1 $1487.00
S1 $1458.00....GOLD

Yessssiiir!