Thursday, 20 September 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--

Gold Getting Ready To Make Big Move
Monday, 8 January 2018 21:49 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold has had a monster rally of almost $90 over the last 19 trading days. What looked like a breakdown turned into a great buying opportunity or a short squeeze. On Thursday, gold looked like it had the final blow-off to the upside on heavy volume, making a high at $1,327.30 in the February futures. Since Thursday, gold has traded slightly lower than the high but has stayed inside a $20 range.

Typically, when markets start to have consecutive inside days, the common theory is a big move is coming and usually that move follows the prevailing longer-term trend. Gold should move 4%-6% from where it™s trading now. The move can be either way as the chart compresses as it gets ready to break out of this range.

We expect the move to be to the downside; the rally was more of a dead-cat bounce and a test of the lows is in order. We are watching the $1,328 level on a weekly basis. Until gold closes above that level, we will trade it from the short side. We are long-term bullish, short-term bearish.

Source: Kitco News

RELATED NEWS
All Signs Point To Upside For Gold - Expert...
Tuesday, 18 September 2018 04:47 WIB

Emas telah diperdagangkan dalam kisaran terkompresi sepanjang minggu tetapi logam kuning memiliki peluang lebih tinggi untuk menembus ke atas daripada bergerak ke bawah, kata Todd "Bubba" Horwitz dari...

Gold Struggles Continue...
Thursday, 13 September 2018 04:15 WIB

Tidak ada animo untuk logam saat mereka bergejolak dalam konsolidasi di pola yang stagnan. Satu hari lagi di luar kalender, hari lainnya di mana logam-logam tidak melakukan apa-apa. Ini adalah pola ya...

Gold Loses Shine As Price Falls To $1200 Sweet Spot...
Monday, 3 September 2018 20:38 WIB

Emas kehilangan sinarnya untuk investor seiring harga telah jatuh ke posisi terendah 20-bulan menyusul depresiasi mata uang pasar berkembang. Harga turun 3% dalam beberapa pekan terakhir - membuat ha...

Wall St. Still Upbeat On Gold; Main St. Flips To Bullish...
Monday, 27 August 2018 21:18 WIB

Wall Street dan Main Street keduanya melihat harga emas yang lebih tinggi minggu ini, survei mingguan emas Kitco News menunjukkan. Ini mencatatkan pembalikan tajam untuk Main Street, setelah 74% dari...

Main St. Overwhelmingly Bearish On Gold; Wall St. Bullish...
Monday, 20 August 2018 11:28 WIB

Main Street mungkin lebih bearish dari sebelumnya pada arah harga emas di minggu ini, sementara Wall Street cenderung bullish, survei mingguan untuk emas Kitco News menunjukkan. Selama bertahun-tahun...

POPULAR NEWS
All Signs Point To Upside For Gold - Expert

Gold has been trading in a compressed range all...

Gold books a gain as dollar wavers

Gold futures settled higher on Monday, recouping...

Gold Drops as Investors Weigh Fresh Tariff Pressures

Gold declines as investors assess the...

LATEST NEWS
Gold Rises, Padding Weekly Advance as Dollar Index Deepens September Retreat

Gold futures tried for back-to-back gains Thursday, boosted again by weaker trading for a dollar index that has already shed nearly 2% over the past month. December gold rose $2, or nearly 0.2%, to $1,210.30 an ounce as the dollar index dropped...

Pompeo: US Ready to Restart Talks With North Korea

U.S. Secretary of State Mike Pompeo has welcomed the "important commitments" made by North Korean leader Kim Jong Un at a summit with his South Korean counterpart this week. North Korea announced it would disassemble its nuclear missile test...

U.S. Oil Benchmark Extends Climb Above 2-Month High

Oil futures rose early Thursday, extending gains a day after posting the highest close since July following a government report that showed a fifth straight weekly decline in U.S. crude inventories. The U.S. benchmark, October West Texas...