Weekly Analysis: US Dollar Index
While I know the US dollar Index ($DXY) isn't technically a "metal", I include it and the other currencies in my study of gold, silver, copper, platinum, and palladium. Someday [...]
Weekly Analysis: Metals
Gold (June) Secondary Trend: Up Futures Spreads: Carry, Neutral-to-Bearish Market Type: 2 or 3, Bullish to Less Bullish Analysis: The next upside target on June gold's weekly chart I between [...]
Weekly Analysis: Currencies
Spot U.S. Dollar Index (USDX) Weekly Close: 92.18, down 0.83 Trends: Major (long-term) = Up, Secondary (intermediate-term) = Up, Minor (short-term) = Down Analysis: The recent move to a minor [...]
Weekly Analysis: Metals
Gold (June) Weekly Close: $1,734.70, down $9.20 Trends: Major (long-term) = Down, Secondary (intermediate-term) = Up, Minor (short-term) = Up Analysis: June gold posted a small selloff last week, a [...]
Weekly Analysis: Metals
Gold (June) Weekly Close: $1,743.90, up $21.50 Trends: Major (long-term) = Down, Secondary (intermediate-term) = Up, Minor (short-term) = Up Analysis: June gold was able to build on the previous [...]
Weekly Analysis: Metals
Gold (April) Weekly Close: $1,719.80, up $21.30 Trends: Major (long-term) = Down, Secondary (intermediate-term) = Up, Minor (short-term) = Up Analysis: April gold extended its secondary downtrend to a low [...]
Weekly Analysis: Metals and Currencies
Gold (Dec) Weekly Close: $1,851.70, up $71.80. Secondary Trend: Down. Dec-Feb Spread: (-$7.40) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,784.60. Analysis: Gold is a difficult market to analyze given the chaos of last week. The Dec [...]
Weekly Analysis: Metals and Currencies
Gold (Dec) Weekly Close: $1,879.90, down $25.30. Secondary Trend: Down. Dec-Feb Spread: (-$7.30) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,784.60. Analysis: Dec gold stubbornly held support at its 4-week low of $1,851.10, though last week’s mark [...]
Weekly Analysis: Metals and Currencies
Gold (Dec) Weekly Close: $1,906.40, down $19.80. Secondary Trend: Down. Dec-Feb Spread: (-$7.60) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,784.60. Analysis: Initial secondary support is at the 4-week low of $1,851.00. Weekly stochastics remain bearish above [...]
Weekly Analysis: Metals and Currencies
Gold (Dec) Weekly Close: $1,926.20, up $18.60. Secondary Trend: Down. Dec-Feb Spread: (-$7.40) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: Minor = $1,942.00 to $1,970.10. Analysis: Despite another higher weekly close, Dec gold remains in a secondary [...]
Weekly Analysis: Metals and Currencies
Gold (Dec) Weekly Close: $1,900.20, up $42.50. Secondary Trend: Down. Dec-Feb Spread: (-$7.10) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,827.70, $1.755.00, and $1682.40. Analysis: Despite its higher weekly close, Dec gold remains in a secondary downtrend. [...]
Weekly Analysis: Metals and Currencies
Gold (Dec) Weekly Close: $1,866.30, down $95.80. Secondary Trend: Down. Dec-Feb Spread: (-$7.20) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,827.70, $1.755.00, and $1682.40. Analysis: Dec gold broke out of its consolidation pattern with a move to [...]
Weekly Analysis: Metals and Currencies
Gold (Dec) Weekly Close: $1,952.10, up $14.30. Secondary Trend: Sideways. Dec-Feb Spread: (-$7.60) = Neutral. Market Type: 5 = Neutral. Price Distribution: NA. Target: None at this time. Analysis:While Dec [...]
Weekly Analysis: Metals and Currencies
Gold (Dec) Weekly Close: $1,947.90, up $13.60. Secondary Trend: Down. Dec-Feb Spread: (-$7.80) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,827.70 to $1,755.00. Analysis: Despite its [...]
Weekly Analysis: Metals
Gold (Dec) Weekly Close: $1,934.30, down $40.60. Secondary Trend: Down. Dec-Feb Spread: (-$7.40) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: None at this time. Analysis:Dec gold [...]
Weekly Analysis: Metals
Gold (Dec) Weekly Close: $1,974.90, up $0.913. Secondary Trend: Down. Dec-Feb Spread: (-$6.90) = Neutral. Market Type: 3 = Less Bearish. Price Distribution: NA. Target: $1,856.90. Analysis: Despite the higher [...]
Weekly Analysis: Metals
Gold (Dec) closed at $1,947.00, down $2.80 for the week. Trends: Secondary = Down. Targets: Secondary = $1,856.90 and $1,785.10. Analysis: Despite its ongoing downturn the contract has not confirmed [...]
Weekly Analysis: Metals and Currencies
Gold (Dec) closed at $1,949.90, up $78.20 for the week. Trends: Secondary = Down. Targets: Secondary = $1,848.40 and $1,774.00. Analysis: Despite its recent sharp sell-off the contract has not [...]
Weekly Analysis: Metals
Gold (Dec) closed at $2,018.00, up $32.10 for the week. Trends: Secondary = Up. Targets: None. Conclusion: The December contract established a new all-time high for gold futures last week, hitting $2,089.20 before pulling back at the [...]
Weekly Analysis: Metals
Gold (Dec) closed at $1,985.90, up $60.70 for the week. Trends: Secondary = Up. Targets: None. Conclusion: The December contract established a new all-time high for gold futures last week, [...]
Weekly Analysis: Metals
Gold closed at $1,897.50, up $87.50 for the week. Trends: Secondary = Up. Targets: None. Conclusion: We need to keep an eye out for a reversal pattern, or a move [...]
Weekly Analysis: Metals
Gold closed at $1,810.00, up $8.10 for the week. Trends: Secondary = Up. Targets: None. Conclusion: The August contract consolidated within its previous week’s range of $1,829.80 to $1,779.20. The [...]
Weekly Analysis: Metals
Gold closed at $1,801.90, up $11.90 for the week. Trends: Secondary = Up. Targets: None. Conclusion: The August contract extended its secondary and major uptrends to a new high of [...]
Weekly Analysis: Metals
Gold closed at $1,780.30, up $27.30 for the week. Trends: Secondary = Sideways-to-up. Targets: None. Conclusion: The August contract pushed to a new high last week of $1,796.10, erasing previous [...]
Weekly Analysis: Metals
Gold closed at $1,753.00, up $15.70 for the week. Trends: Secondary = Down. Targets: Secondary = $1,582.00 to $1,518.00. Conclusion: Based on the bearish crossover by weekly stochastics the week [...]