Tag Archives: Gold
A.M. Look 1/12/17
The operative question this A.M. is how far this correction in the Dollar and Gold will go. Euro…107.10 was the ORL reversal low it broke from. I’d look for price rejection here the first time up. The level should act … Continue reading
Daily Market Intelligence 12/15/16
daily-market-intelligence-12-15-16
Daily market Intelligence 12/13/16
daily-market-intelligence-12-13-16
A.M. Look 12/9/16
The past couple of hours have been all about The divergence of U.S. vs European yields. USD/JPY is catching the biggest bid today after languishing on the crosses yesterday when the Euro ran the show. Nikkei is starting another run … Continue reading
Matrix Members
Follow the yellow brick road. Euro currency has bounced between its #’s twice yesterday for 100 point round trips. 105.50-106.50 The last break yesterday in the Oil was into the qtrly pivot @ 48.50. 51.35 is the next level. Tuesday’s … Continue reading
Euro…
101.50 is my next matrix level. I would not look for the current Dollar strength, Gold weakness or Bond weakness to abate. You can cover directional trades later in the day, however you should not fade this flow.
Matrix Thoughts
Gold held 1205 last night. Yra wrote about why he likes the Gold. https://yragharris.com/2016/11/20/friends/ there is a lot in the post to chew on over the Holiday. 1205 is 50% of 2105 Fib plus a match at the level. Closing … Continue reading
A.M. Look 11/18/16
YUM Brands… Oil…followed through to its next # set and reversed. There is nothing to do with this. Gold…traded the 1205 Fib I’ve been looking for since the beginning of Oct. Not touching it at weeks end. Nasd is ok … Continue reading
Daily Market Intelligence 11/14/16
Daily Market Intelligence 11-14-16
A.M. Look 11/11/16
Gold…1243.20 was the Oct. Unemployment Low. If the sell stops get elected under this low over the next couple of sessions, it would be a good place to look for a bear trap. Oil…43.44 is today’s 200DMA. A week ago … Continue reading