Steve Miley is - The Market Chartist

Financial Market Technical Chart Blogs from Steve Miley - The Market Chartist

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

Gold Future Bull Theme Intact for 1298/1303 Target Area

Posted by on in Commodity Chart Updates
  • Font size: Larger Smaller
  • Hits: 1003
  • 0 Comments
  • Print
Gold Future Bull Theme Intact for 1298/1303 Target Area

February 2015 Contract

Any potential corrective dip was dismissed Thursday-Friday with the surge above our chart targets at 1256, 1259/60, 61.8% retrace at 1266 and 1280.

The Tuesday push above 2139 secured and reinforced the basing effort from December for a bullish shift and this was further enhanced by the break last week above a down trend line from March 2014 and leaves threats still higher for latter January.

Short-term Outlook - Upside Risks:

  • We see a more positive tone with the bullish threat to resistance clusters at 1298/99 and 1300/03.
  • Overshoot threat for January is up to 1323/25 and maybe even the 1350 cycle peak.

Momentum: The 8-day RSI, short-term momentum is rising confirming the new high and has scope to go still higher.

What Changes This? Below 1225 eases bull risks; through 1186 signals a neutral tone, only shifting negative below 1167.

For Today:

  • We see an upside bias through 1282/83 to 1288; break aims for 1298/99/1303.
  • But below 1255 opens risk down to 1226/25.

Remember, for a FREE trial of all our Metals, Commodity and other reports sign up by clicking here

And to view the full Gold report with screencasts, click here

Daily Gold Future Chart

b2ap3_thumbnail_gold2_20150120-065841_1.png

2 Hour Gold Future Chart

b2ap3_thumbnail_gold1_20150120-065838_1.png

Last modified on
Rate this blog entry:
0

Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.


He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).


Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.


Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.

Comments

Affiliates

  • affiliatelogos.png

    affiliatelogos.png

    http://www.marketchartist.com/images/ju_cached_images/affiliatelogos_0dd0698129febe7a7f50dd2279878ab6_90x50.resized.png

Clients

  • users1.png
    http://www.marketchartist.com/images/ju_cached_images/users1_00e523e7fd03fae1d0fb6c1d94bca6bd_90x50.resized.png
  • users2.png
    http://www.marketchartist.com/images/ju_cached_images/users2_e7bcf72e027318698507bc6d5c761f46_90x50.resized.png
  • users3.png
    http://www.marketchartist.com/images/ju_cached_images/users3_9afdb4dd4719675b88b5a560258e415d_90x50.resized.png
  • users4.png
    http://www.marketchartist.com/images/ju_cached_images/users4_979d06a8228e7e19e3d1617d94264ddb_90x50.resized.png

IMPORTANT NOTES

Holiday and cessation of service: 7th-23rd August 2017

Hi Market Chartist Users and Trialists, The Market Chartist reports will be paused for just over 2 weeks, whilst we take a vacation.

The last report will be on Friday 4th August, with service resuming on Thursday 24th August.We wish you successful trading in our absence