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The Forex category contains all posts, charts, & analysis on global currencies.

Gold & GDX Analysis

Gold futures (/GC) have bounced off the 1304 minor support level while also breaking above a minor downtrend line/bullish falling wedge on the 60-minute time frame. The bullish divergences on the RSI have been negated but are still intact on the MACD. Watching for additional confirmation of a potential bottom & resumption of the uptrend. [...]

Sep 19, 2017 11:08am|Categories: Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , |4 Comments

GDX, GLD & EUR/USD Reverse Off Target Zones

We had a few significant technical developments in GLD (gold ETF), GDX (gold miners ETF) & the EUR/USD (Euro/US Dollar pair) both yesterday & so far today which could indicate that the anticipated correction in gold & the Euro may have run its course. The first chart on each below is from Friday's post, Watching [...]

Trade Ideas & Market Developments to Watch for This Week

Potential trade ideas & developments to watch for this week in the stock market, select commodities, sectors, currencies. The video starts with coverage of the Euro, US Dollar & gold mining stocks, then stock market analysis via QQQ & SPY followed by some potential trade ideas on individual stocks & sector ETFs.

Watching US Dollar, Euro & Gold for Trade Entry On GDX

The dollar pulled back at 8:30am ET today on the payroll & wage data release. That impulsive but so far, relatively minor pullback might be enough to trigger a breakdown below this 60-minute bearish rising wedge pattern on the €EUR/$USD pair. When the EUR/USD moves down, that indicates the dollar falling against the Euro, which [...]

Gold, Silver, Platinum, GDX & US Dollar Analysis (video)

It appears that the precious metals, mining stocks & the US Dollar are at important technical junctions that could determine the next major trend in each. This video covers those levels as well as the near & longer-term outlook for gold, silver, platinum, GDX, the US Dollar & the Euro.