Posts

Bond yield is going up generating bearish gold signals for Feb 25-26, 2021

Gold dropped from 1805 to 1765 on Feb 25 because the 10-years US Bond Yield is going up.

Investors are selling stocks and gold because they are expecting the Fed will raise US interest rate sooner than expected if 10-years US Bond Yield has gone up.

Gold has been sold off around 1810-1811 after Mr. Powell speaking on Feb 23-24. And it is dropping to test the 1756-1758 zone which is an important long term support zone.

Gold Sell Signal around 1810-1811

Gold will drop further to 1740-1745 or 1695-1700 if gold breaks the 1755-1760 zone successfully. Gold trend is bearish and it may make a correction around the 1755-1760 zone.

the 1755-1760 is the key support zone.

The 1755-1758 is the key zone for gold medium term trend. The medium term trend will be bearish if gold drops bellow this zone 1755-1760

Gold Support Zones: 1755-1758, 1740-1745, 1695-1700

Gold Resistant Zones: 1786-1791, 1810-1815

Would you like to trade gold like a Pro? Please Click Here to learn how to make $16,000 profit in 4 months

Gold market analysis and gold signal after Mr. Powell speaking for Feb 24, 2021

Gold was sold off heavily from 1810-1811 to 1795-1796 before Mr. Powell speaking. And a Sell gold signal at 1810-1811 was executed for around 130 pips profit on Feb 23, 2021

However, gold went from 1796 back to the 1811-1813 during Mr. Powell speaking because Mr. Powell said that the Fed would keep the current interest rate and momentary policies.

Sell Gold Signal 1810-1811 before Mr. Powell’ speaking

Gold is expected to trade from 1798 to 1815 to wait for a new trend after Mr. Powell’ speech. Gold is expected to make big movement to 1831-1833 or 1848-1851 if gold breaks the 1813-1815 zone

The 1813-1815 is the key zone for short term gold trend

Failing to break the 1813-1815 is bearish and gold sell signal will be formed around 1813-1815. The 1813-1815 is the key zone to watch for bull/bear fighting for gold direction.

Gold Resistant Zones: 1813-1815, 1829-1833

Gold Support Zones: 1798-1801, 1781-1783, 1773-1775, 1763-1765

Would you like to trade gold like a Pro? Please Click Here to learn how to make $16,000 profit in 4 months

Gold market analysis and gold signal for Feb 22, 2021

Gold was sold off from 1725 to 1763 last week because the US Long Term Interest Rate has gone up. The last week’s heavily sold-off is generating gold sell signals.

Gold tested the 1763-1765 and it is making a bounce around to the 1791-1793. Gold may go up to 1798-1803 if gold can break the 1791-1793 zone during today’s Feb 22 London Gold Trading session.

Gold short term trend is up but its medium term trend is down. Gold will drop to test the 1763-1765 zone again if gold is sold off around 1791-1793 or 1803-1805

Gold short term trend is up and it is making a bounce to 1791

If gold cannot break the 1791-1793, gold will be sold off and the short term trend will be bearish.

Gold Resistant Zones: 1791-1793, 1803-1805, 1819-1821

Gold Support Zones: 1773-1775, 1763-1765

Would you like to trade gold like a Pro? Please Click Here to learn how to make $16,000 profit in 4 months

Gold market analysis and gold signal after US NFP for Feb 8, 2021

Gold was choppy from 1796-1806 after US NFP report last Friday. However, gold was not sold off to continue its down trend, but it went up to 1813-1815 because of weal USD Index.

Gold has gone to 1813-1815 because of weak USD index – positive signal for gold

It is trading around 1813-1815 and the short term trend is up. Gold is expected to test the 1818-1821 or 1831-1835 if gold breaks the 1816-1821 zone.

If gold cannot break the 1816-1821, gold will be sold off to resume its medium term down trend.

Gold Resistant Zones: 1833-1835, 1843-1845, 1853-1855

Gold Support Zones: 1813-1815, 1800-1805, 1785-1790

Would you like to trade gold like a Pro? Please Click Here to learn how to make $16,000 profit in 4 months

Gold market analysis and trading signals for Feb 4, 2021

Gold did not break the 1831 after good US ADP and ISM reports yesterday. But it closed around 1835-1836 and the market did not have bearish or bullish gold signal on Feb 3.

Gold has been sold off from 1834-1835 to break the 1831 during Asian market open, and it is dropping to 1811-1813. Gold short term trend is bearish and it is dropping heavily

Gold broke the 1831 level during early Asian trading session.

Gold currently has support zones around 1811-1813 and 1800-1805. Gold may make a bounce around these zones before it resumes its short term down trend.

Gold Resistant Zones: 1833-1835, 1843-1845, 1853-1855

Gold Support Zones: 1813-1815, 1800-1805, 1785-1790

Would you like to trade gold like a Pro? Please Click Here to learn how to make $16,000 profit in 4 months

Gold market analysis and trading signals for Feb 3, 2021

Gold made a spike to 1865 during market open on Feb 2, 2021 and it dropped heavily from 1865 to 1831 because the USD index got stronger.

Gold dropped bellow the 1848-1851 which was a strong sell gold signal because the 1848-1851 was the lower zone of the gap 1848-1868

Sell Gold Signal After breaking the 1848-1851 zone

Gold currently has support zones around 1829-1830 and 1838. Gold may go up to test the 1845-1851 if gold cannot drop bellow the 1838 level.

Gold is still consolidating from the 1831 to 1873 range, breaking out of this range gold will start a new trend.

Breaking the 1829-1831, gold will be bearish gold signals and it will drop to 1803-1808

Breaking the 1873-1875, gold will be bullish gold signals and it will go to 1895-1900

Gold market analysis and trading signals for Feb 2rd, 2021

Gold went to 1870-1875 several times on Feb 1, 2 but it fails to break this zone to resume the long term up trend.

The 1870-1875 resistant zone

Gold has been choppy from 1840-1870 for many days, breaking the 1840-1870 will set a new trend for gold.

The 1840-1870 range

Gold is trading inside the gap 1848-1868 and it failed to break the 1868-1870. Gold will drop to test the 1848-1850 or 1838-1840 because the USD index is getting stronger.

Gold is waiting for Mr. Biden stimulus package which will the a catalyst to support gold to break the 1840-1870 range.

For short term gold signal, the 1868-1871 is a good zone to sell gold and the 1848-1850 is a short term support zone for gold buy.

Gold may drop to 1765 during US Thanksgiving Holiday?

Gold dropped to 1800-1801 yesterday – Nov 23 2020, after breaking the long term support zone 1848-1851.

Gold is making a bounce to 1811-1815 after testing the 1801-1803. Gold short term trend is down, so it may drop to test the 1800-1801 again.

US GDP report at 13:30 GMT and FOMC Meeting Minutes at 18:00 GMT will set a new trend for gold.

After US GDP release, gold will go back to 1835 or 1851 if the 1800-1801 holds its support. If gold breaks the 1800-1801, it will drop to 1765.

Would you like to take $1500-$2500 profit per gold trade? pls Click Here