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Euro Awaits Italian Vote, Yellen to Urge Lawmakers to Act Big - US Market Open
2021-01-19 14:15:00
Market Sentiment Turning Positive Again After Correction Lower | Webinar
2021-01-19 12:10:00
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Crude Oil Latest: Trend Higher Still in Place Despite IEA Cutting Forecast For Demand
2021-01-19 13:30:00
Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Jan 05, 2021 when Oil - US Crude traded near 5,008.80.
2021-01-19 05:23:00
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How to Research Stocks: A Step by Step Guide
2021-01-19 09:15:00
Dow, Nasdaq, S&P 500 Outlook: Earnings May Bring Positive Surprises
2021-01-19 04:30:00
Gold
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Gold Price Forecast: November Low on Radar as RSI Snaps Upward Trend
2021-01-19 15:00:00
Markets Week Ahead: Russell 2000, S&P 500, Gold, USD, Biden Stimulus, Earnings, ECB
2021-01-18 15:00:00
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British Pound Outlook: GBP May Rise as Covid-19 Cases Begin to Fall
2021-01-19 07:30:00
Sterling (GBP) Weekly Forecasts: GBP Supported by Covid Vaccination Hopes
2021-01-16 22:00:00
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Japanese Yen Technical Forecast: USD/JPY Triangle Builds into Wedge
2021-01-16 16:00:00
USD/JPY Forecast: Yen Pushes Back After Jerome Powell’s Interview
2021-01-15 12:53:00
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  • Check out my sit down with @GuyAdami and @RiskReversal discussing the topics below Always a pleasure chatting markets with these two gentlemen https://t.co/2RrRUcKjoR
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here.https://t.co/b9XwwYS9uJ #DailyFXGuides https://t.co/tj5dt4Y1D2
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  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 0.52% Gold: -0.02% Oil - US Crude: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NTW6mn1F9p
  • The US Dollar is poised to mark the first consecutive weekly rally since September after rebounding just ahead of confluence downtrend support. Get your $USD technical analysis from @MBForex here:https://t.co/adRjeqXhdp https://t.co/Wx4wHxdRpX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in AUD/JPY are at opposite extremes with 67.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rz01eDKbJ2
  • Hey traders check out @PeterHanksFX make a guest appearance with @GuyAdami and @RiskReversal for this week's @macrosetup https://t.co/5oZ4UT4xiq
Gold Breaks Downward Sloping Channel

Gold Breaks Downward Sloping Channel

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gold_body_gold.png, Gold Breaks Downward Sloping Channel

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Commodity Analysis: “Gold’s rebound from the 61.8% retracement of the rally from 1522 and former resistance (June-August 2012 highs) is constructive but the near term picture is defined by roughly 1650 and 1700. A break of that zone will present the next directional opportunity.” The break below channel support is enough to turn bearish for what may be the beginning of a larger breakdown.

Commodity Trading Strategy: Short against 1690.

LEVELS: 1563 1590 1626 1652 1673 1686

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

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