Daily Commentary

Date GMT	Description
10-Jan 11:26	Gold is trading sideways around 613~609. It means it is undecisive at this moment. There is potential potential breakout to either side.
12-Jan 08:17	Gold has been ranging many days. It has been frustrating to see small ups and downs all week. I hope it would breakout today.
15-Jan 20:55	It has been very quiet after the breakout due to the holiday in USA. I hope it would move higher again on Tuesday.
18-Jan 07:55	Gold just came out of range and moved higher as anticipated earlier this week. It is much likely that it would be moving higher again today.
19-Jan 08:08	Gold was just rejected and reversed from 637. Charts support and resistance levels are respected most of the time. We need to be cautious when market approaches those levels. Normally, around those levels, bad news or good news comes out. That makes those levels more distinctive.
22-Jan 08:09	I am feeling that something is not right today. There would be a possible reversal to downside. Current 636 and 640 levels are potential reversals. Long positions should be reduced.
30-Jan 08:50	I have a strong feeling that gold would break 640 clearly. But there would be potential buying around 637~632. It would mean we have to watch a sharp reversal from downward move. The shooting star pattern would work as it worked before.
30-Jan 22:25	Another day of range bound trading. Very frustrating for most of the traders. Hope of most the investors/traders awaiting for FED's rate decision.
31-Jan 08:40	Market is still in a trading range. All the investors/traders are awaiting for FOMC interest rate decision. We will see huge price swings around that time. It will not be good for any undercapitalised traders for trading around that time.
1-Feb 08:32	To my surprise, gold broke out before FOMC decision and hardly responded to report at 19:15 GMT. Hopefully, gold would move decisively today if 655 is taken out.
2-Feb	As I expected 662 as high of the day, gold hit 662 and reversed yesterday. Today signals are slighly mixed. It could mean, it would be trading a range bound.
4-Feb	Gold was sold off last Friday and E.W indicator is indicating possible trend reversal. We won't be sure until price confirms. It will be wise to be mindful for the longs.
6-Feb	Gold was trading in a very tight range yesterday. I hope it would be breaking out today. If you are looking for a trading platform=> Click Here
7-Feb 09:06	Current trend is mixed at this moment. It would be frustrating for short and medium term trader. When market makes two-three trends a day, it would have been very difficult to trade.

8-Feb 07:54	I hope stong move would be coming today. I prefer the downside move.
9-Feb 08:07	Gold was down as expected but reverse to upside and hit anticipated high at 661. Today, I am still thinking that gold would be trading choppily rather than strong upward move.

Date

GMT

Description

10-Jan

11:26

Gold is trading sideways around 613~609. It means it is undecisive at this moment.

There is potential potential breakout to either side.

12-Jan

08:17

Gold has been ranging many days. It has been frustrating to see small ups and downs all week. I hope it would breakout today.

15-Jan

20:55

It has been very quiet after the breakout due to the holiday in USA. I hope it would move higher again on Tuesday.

18-Jan

07:55

Gold just came out of range and moved higher as anticipated earlier this week. It is much likely that it would be moving higher again today.

19-Jan

08:08

Gold was just rejected and reversed from 637. Charts support and resistance levels are respected most of the time. We need to be cautious when market approaches those levels. Normally, around those levels, bad news or good news comes out. That makes those levels more distinctive.

22-Jan

08:09

I am feeling that something is not right today. There would be a possible reversal to downside. Current 636 and 640 levels are potential reversals. Long positions should be reduced.

30-Jan

08:50

I have a strong feeling that gold would break 640 clearly. But there would be potential buying around 637~632. It would mean we have to watch a sharp reversal from downward move.

The shooting star pattern would work as it worked before.

30-Jan

22:25

Another day of range bound trading. Very frustrating for most of the traders. Hope of most the investors/traders awaiting for FED's rate decision.

31-Jan

08:40

Market is still in a trading range. All the investors/traders are awaiting for FOMC interest rate decision.

We will see huge price swings around that time. It will not be good for any undercapitalised traders for trading around that time.

1-Feb

08:32

To my surprise, gold broke out before FOMC decision and hardly responded to report at 19:15 GMT.

Hopefully, gold would move decisively today if 655 is taken out.

2-Feb

As I expected 662 as high of the day, gold hit 662 and reversed yesterday. Today signals are slighly mixed. It could mean, it would be trading a range bound.

4-Feb

Gold was sold off last Friday and E.W indicator is indicating possible trend reversal. We won't be sure until price confirms. It will be wise to be mindful for the longs.

6-Feb

Gold was trading in a very tight range yesterday. I hope it would be breaking out today.

If you are looking for a trading platform=> Click Here

7-Feb

09:06

Current trend is mixed at this moment. It would be frustrating for short and medium term trader. When market makes two-three trends a day, it would have been very difficult to trade.

8-Feb

07:54

I hope stong move would be coming today. I prefer the downside move.

9-Feb

08:07

Gold was down as expected but reverse to upside and hit anticipated high at 661. Today, I am still thinking that gold would be trading choppily rather than strong upward move.