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Gold: a counter-trend opportunity
Hello traders, Its been awhile since I published a free analysis here on forexanaltix, so I think it’s about time. The main reason why I wasn’t active a lot it’s because of a low volatility on the FX market. So rather than just looking at currencies I think it’s very important to track other markets […]
Chart of the Day – Gold XAUUSD – (September 10th 2019)
After finally finding a near term top over the last couple weeks as we probed levels we have not seen since 2011/2012, gold looks like it produced the pullback that most people were waiting for.
Chart of the Day – Silver – (August 29th 2019)
Silver posted today an outside spinning top after a relentless 3 month rally higher.
Chart of the Day – Gold / Silver Ratio – (August 28th 2019)
The Gold silver ratio reversed lower last month from an almost all time record high (above 93).
Chart of the Day – GOLD XAUUSD – (August 14th 2019)
Gold ran into key resistance yesterday as we hit the 1535 level (as we have been expecting). This level is significant as it is the 2011/2012 lows.
Gold breaks higher after 6 years of consolidation
Gold finally broke out higher from multi-year resistance, and that has certainly caught the market’s attention. Attempts have been made to explain this move, but what are really the factors that move Gold – both in the short term as well as the long term?