News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • ...here is Gold overlaid with the net speculative futures positioning from the COT. It was fairly heavy net-long but not overindulgent. Worth evaluating its full haven properties an if they still apply https://t.co/aqlfmlUbYl
  • Gold isn't acting like a safe haven - or at least a traditional one. Clearing support back to late July in this risk-off environment. Was there speculative funds topping this off that need to be freed up for margin elsewhere? https://t.co/iBwRuflOgr
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.04% 🇨🇭CHF: -0.52% 🇨🇦CAD: -0.62% 🇬🇧GBP: -0.93% 🇦🇺AUD: -1.13% 🇳🇿NZD: -1.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/BmGU19q98W
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -2.56% Wall Street: -3.10% FTSE 100: -3.91% France 40: -4.17% Germany 30: -4.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/YLmOh370Qu
  • ...and a well-known carry trade pair, $AUDJPY, has started to tip into retreat - though I wouldn't say this has the same scale of discreet directional change https://t.co/rYEdGMWS8b
  • The $EEM emerging market ETF has opened to a sharp gap down on the open and some follow through, but technically still above its range floor at the moment https://t.co/Lssj70sAqW
  • $EURUSD levels from this morning's webinar looking good. . Archive out shortly . . https://t.co/ygTCGJYrmQ
  • Elsewhere, the popular $HYG 'junk bond' ETF has slipped below a long-term Fib and range floor at 84 - though it finds itself now at the 200 DMA https://t.co/DCVzVMhDrH
  • ...Australia's ASX 200 has its own breakdown but it isn't as dramatic a reversal after months of horizontal congestion https://t.co/uiKXEyHXql
  • ...the Japanese Nikkei 225 ($NKY_F) has produced a very similar rising wedge bearish breakdown of its own: https://t.co/DDGqRs7MwD
Gold Large Outside Day Unfolds at November High

Gold Large Outside Day Unfolds at November High

2014-02-18 21:14:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

eliottWaves_gold_body_Picture_3.png, Gold Large Outside Day Unfolds at November High

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-Gold has rallied into the November high, which is reinforced by former trendline support (line that extends off of the June and October lows. Tuesday’s outside day could be a sign of near term exhaustion.

-The next major resistance is probably the October high at 1362.

LEVELS: 1279 1296 1312 | 1336 1352 1362

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

DISCLOSURES