Theoretical Positions: Traders could’ve sold the December futures contract near $2,403.20. This was the close the week of May 20 as the contract completed a bearish key reversal. It's possible [...]

Theoretical Positions: Traders could’ve covered longs and gone short the August futures contract near $2,356.90. This was the close the week of May 20 as the contract completed a bearish [...]

Theoretical Positions: Traders could’ve covered longs and gone short the August futures contract near $2,356.90. This was the close the week of May 20 as the contract completed a bearish [...]

Theoretical Positions: Traders could’ve covered longs and gone short the August futures contract near $2,356.90. This was the close the week of May 20 as the contract completed a bearish [...]

Theoretical Positions: Traders could've covered longs and gone short the August futures contract near $2,356.90. This was the close the week of May 20 as the contract completed a bearish [...]

Theoretical Positions: Long positions established in July futures when it posted a new high of $3.9995 the week of March 11 would be lifted near last Friday's close of $4.7535 [...]

Theoretical Positions: It's possible long positions were established in July futures when it posted a new high of $3.9995 the week of March 11. If so, sell stops would be [...]

Theoretical Positions: Traders could be from the completion of a bullish key reversal the week of February 12, near the close of $23.902. Additional long positions might've been added with [...]

Theoretical Positions: It's hard to say what positions traders might have on at this point. It seems every time a bearish reversal patter is completed on weekly charts, the next [...]

Theoretical Positions: There’s a good chance traders have moved to the sidelines in copper. However, with implied volatility low, a May $3.86 options straddle could attract some attention. If so, [...]

Theoretical Positions: Traders could be long based on the previous week’s bullish key reversal. If so, the long position would be near the recent weekly close of $23.686 with sell [...]

Theoretical Positions: Short positions were likely stopped out the previous week as April gold made a new 4-week high beyond $2,083.20. This created an average loss of $20.50. It's possible [...]

Theoretical Positions: There's a good chance traders have moved to the sidelines in copper. However, with implied volatility low, a May $3.86 options straddle could attract some attention. This spread [...]

Theoretical Positions: Traders could be long based on the previous week's bullish key reversal. If so, the long position would be near the previous week's close of $23.686 with sell [...]

Theoretical Positions: Traders are likely short the April gold contract, first from the close near $2,033.90 (week of December 4) then possible near the weekly close of $2,091.80 (week of [...]

Theoretical Positions: Previous longs could’ve been lifted and new short positions established in the March contract near $3,8905, the close the week of December 25. Additional short positions could've been [...]

Theoretical Positions: Traders are likely on the sidelines, waiting for a clear reversal pattern. Additionally, traders could be waiting for more open interest to roll to the May contract before [...]

Theoretical Positions: Traders are likely short the April gold contract, first from the close near $2,033.90 (week of December 4) then possible near the weekly close of $2,091.80 (week of [...]

Theoretical Positions: Previous longs could've been lifted and new short positions established in the March contract near $3,8905, the close the week of December 25. With implied volatility low (15%), [...]

Gold: June gold extended its secondary (intermediate-term) uptrend to a high of $2,049.20 last week. While the argument could still be made June is nearing the completion of a 5-wave [...]

Gold: I don't know what to make of April gold's weekly chart. My Blink reaction is to call it an uptrend after the contract gapped higher last week before taking [...]

Gold: April gold extended its minor (short-term) uptrend with the move beyond $1,864.30 confirming Wave 3 of the 5-wave pattern. This should still be considered Wave B (second wave) of [...]

Gold: April gold extended its secondary (intermediate-term) downtrend to a low of $1,815.50. The next secondary downside target is $1,772.80. I'm still expecting a minor (short-term) uptrend at some point, [...]

Gold: April gold remains in a secondary (intermediate-term) downtrend. However, the minor (short-term) trend on the contract's daily chart looks to have turned up, a move that would be considered [...]

Gold: April gold completed a bearish key reversal last week, confirming the secondary (intermediate-term) trend has turned down. This pattern confirmed the bearish crossover by weekly stochastics above 80% the [...]