Today, gold is spending its second day trading in the resistance zone formed the last trading day of February. Watch to see if the market can close with an RSI reading greater than 62, then the trend is up. If the market closes down today, the RSI is forming a pivot high below 62, which […]
Yesterday, gold started out with a bid, but sellers came in and the market closed lower. Today, weakness in the dollar has brought out buyers in the gold market, and now the price has tagged the upper side of the resistance zone formed the last trading day of February. If the market can close with […]
Today, gold is challenging the highs of the past three trading days, which is also in the resistance zone formed the last trading day of February. The RSI readings are signaling that the momentum is shifting upwards.
The Constant Volume Chart (CVB) is set to 1,000 contracts for a longer-term intraday view, and the CQG SnapTrader […]
Yesterday, gold closed higher, which pushed the RSI readings above 56, signaling that the momentum is shifting upwards. Today, the market is probing the resistance zone formed the last trading day of February. Currently, the market has stalled at yesterday’s high.
The Constant Volume Chart (CVB) is set to 1,000 contracts for a longer-term intraday view, […]
Today, the price of gold moved above the highs of last week, but has encountered sellers in the resistance zone formed the last trading day of February. If the market can close today with the RSI reading greater than 56, then the momentum is shifting upwards. However, if the market closes down, then the RSI […]
Gold is still locked between a near-term support and resistance zones. Yesterday, we can see that buyers came in when the market challenged last week’s lows. The RSI readings are continuing to flash trading range status by peaking below 62 and turning up from above 38. These momentum readings are indicating a trading range, but […]
Gold is locked between a near-term support and resistance zones. The RSI readings for the past three weeks are peaking below 62 and turning up from above 38. These momentum readings are indicating a trading range, but with a bullish bias.
The Constant Volume Chart (CVB) is set to 1,000 contracts for a longer-term intraday view, […]
Yesterday, sellers gained the upper hand and the market traded down and slightly through the support zone. And, as is typical of trading ranges, buyers did come in and the market closed at the mid-point of the day’ range.
The RSI readings for the past three weeks are peaking below 62 and turning up from above […]
While the market did close higher yesterday, the close was back within the resistance zone, and today, sellers have come into the market. The price action today has broken the demand line of the upward trend channel (TC A), but is holding above the demand line for the next trend channel (TC B). The market […]
Today, gold edged above the nearby resistance zone, and sellers have brought the market back down. Yesterday, the market closed lower and the RSI formed a pivot high below 62, which signals a trading range. Now, if the market closes higher today (above the upper side of the nearby resistance zone), then momentum is turning […]