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Market Updates

Technical Scoop: Possible Trap, Gold Falter, Oil Fall

Stocks rallied, gold faltered, and oil fell this past week. The US$ Index was up a little while bond yields rose because of the stronger-than-expected job numbers. Will the Fed cut the key interest rate?

Early Evening Rally off Drop in Dollar and Stock Indices

In the gold market, you have a bullish bias. The pattern still looks to me bullish. You still have a pattern of higher lows on the swing line, higher highs.

Asian Metals Market Update for 5th May 2025

Silver, fundamental, is very strong, and a global recession (if any) will reduce the pace of rise but not the overall long-term bullish trend.

Is Gold’s Great Run Finally Done (for now…)?

Gold remains relatively +158 points “high” (at 3247) to such reversion destination (at 3029). Yet clearly that valuation itself is rightly rising each day.

Gold Selloff Hits Miners

While a gold correction will drag gold stocks lower, the miners’ fundamentals remain their best ever.  Thus the buying opportunities after this necessary gold selloff runs its course will be excellent for prepared traders.

Gold Is Trying To Find Support Against $3200

Gold spiked last weekend but pulled back. The trend is down with lower highs, lower lows. A bounce to $3271 is possible.

Asian Metals Market Update for 2nd May 2025

The pace of the rise of the gold price will be slow. Gold/silver is bullish for the rest of the year, but the pace of rise could slow down.

Metals: GDP Falls, Market Rallies; Dollar Weak Short Covering

This market's still bullish on the weekly chart. The pattern on the swing line is bearish, you have a pattern of lower highs, lower lows. 

Gold $3500 & USDX 100: Key Tactics Now

The $3150-$2950 buy zone is highlighted, and one play for investors to consider is a buy just above $3150, a “meatier” one at $3050, and a third one just below $2950.

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