We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Mixed
More View more
Real Time News
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 1.05% Gold: 0.45% Oil - US Crude: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ZXFMZH1ioT
  • German Bund Yields Update: 2-Year: -0.658% 3-Year: -0.673% 5-Year: -0.627% 7-Year: -0.581% 10-Year: -0.422% 30-Year: 0.090%
  • RT @Stalingrad_Poor: FOMC: "several participants observed that equity, corporate debt, and CRE valuations were elevated and drew attention…
  • Gold edges 0.25% off session highs after FOMC minutes and still sliding; eyes on $1,600/oz $XAU $GC_F $GLD
  • pretty decisive breakout bar there in $USDJPY https://t.co/WSFNahhjQX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.13%, while traders in France 40 are at opposite extremes with 83.91%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/siALG8JXK0
  • Fed Minutes: - Conditions expected in Q2 2020 for T-Bill tapering
  • News that the number of new #coronavirus cases in China has fallen for a second successive day is helping #oil prices on hopes that the outbreak will have less impact on global demand than once feared. Get your market update from @MartinSEssex here:https://t.co/HVrsEnyZLN #OOTT https://t.co/eMmhoSyEae
  • RT @federalreserve: We have posted the minutes from the #FOMC meeting held January 28-29, 2020: https://t.co/TZmeMhsJRe
  • Reads to me as though there are no FOMC rate hikes in the cards for the foreseeable future and little appetite to unwind last year's 75bps of cuts $USD $DXY https://t.co/HwIPJ5y4Tt
Gold in No Man’s Land-Channel Defines Trend

Gold in No Man’s Land-Channel Defines Trend

2011-10-12 15:39:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

300 Minute Bars

eliottWaves_gold_body_gold.png, Gold in No Man’s Land-Channel Defines Trend

Prepared by Jamie Saettele, CMT

Gold has held up for 2 weeks now. As long as price is within the bullish channel forming from the low, favor the upside towards the 100% extension of the rally from the low at 1742. Watch the channel line of course as well for support and resistance.

Trend Strength (M,W,D) – 1, 0, 0

Latest Video

Weekly Forecast

COT

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.