Comment on Gold on May 31, 2021

 At the end of last week's session, precious metal Gold had another gaining week from 1872 to 1912 ($40) and closed the week with a bullish candle around 1903. This is the 4th week of consecutive gains.  continues of this precious metal and has not shown any sign of decreasing again, so it is likely that in the beginning of today's session, Gold will still be supported in the uptrend.

 - On the D1 daily chart time frame, we can see a strong upward push and if Gold breaks out of the 1912 "old peak" price zone, it is likely that Gold can go to the 192x-193x price zone.  Up to this price area we will consider the signals to sell down with this precious metal.

 - Today is also the last day of May, so tonight we need to pay attention to the profit taking rhythms of investors because May is the month when Gold has rebounded very strongly.

Gold Signals: 

Comment on Gold on May 28, 2021

 In yesterday's trading session, precious metal Gold fell from 1903 to 1888 ($ 15) then recovered to 1898 closing the session with a doji candle.  Combined with yesterday's bearish candle, our opinion today has not changed much, we still favor a slight correction of precious metal Gold after many weeks of increasing price.

 - Switching to the H4 time frame, the nearest resistance can establish a sell state for the precious metal Gold around 1897-1900.  Here we can establish a short position with Gold.  The safe target would be around 1888-1891.  This is also the support area of ​​MA20 band above H4 that Gold has not broken yet.  If we can break this price range today, we will be able to move down to 1875. This is the price range where I expect Gold can drop in yesterday's session. If we can reach here, we will be liquid.  sell out and wait for a new golden long beat.

Gold Signals

Comment on Gold on 12/05/2021

 ️In the session yesterday, the gold precious metal had a quite strong decline as analyzed when it decreased from 1841 to 1817 ($ 24) but this decrease was not maintained until the end of the session but rose to 1838 immediately.  then, closing the daily candle remains with a bullish candle.  In my opinion, with Gold not falling further and rebounding up like yesterday, it is likely that Gold will continue to move sideways in the range 1829-1840 in today's trading session waiting for the trend to break.  break next.

 - Moving to the shorter-term timeframe H4, we can see that the MA20 on this time frame still plays a supporting role for the precious metal Gold.  So we could enter a buy position here with a safe target at 1840. Here we wait for the signal to consider reselling.

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Comment on Gold on May 11, 2021

  ‼️ ️In yesterday session, gold precious metal did not change too much when the price increased from 1830 to 1845 and then fell back to 1835, closing the daily candle was still with a bullish candle but the uptrend was not  still being as strong as the previous 2 candles and I still hold the same opinion as yesterday that this precious metal is facing a fairly strong resistance at the 1845-1850 price range, so in my opinion during the trading sessions.  Earlier this week, the plan would be to sell down precious metals.

 - Moving to the shorter time frame H4 we can see the possibility that this precious metal is creating a "resistance" to go down and here in my opinion we can establish a sell position with an aim of security.  is around the threshold of 1825-1815 and expected to retest this zone, the metal price has broken around the threshold of 1800-1804.

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USD: This week, Wednesday will be the cornerstone for the dollar

Looking around global asset markets, it seems that trust in the global recovery is increasing. Commodity prices are starting to advance strongly and Brent is trading close to $64/bl. Equities are also doing well, with some Asian stock indices now up more than 10% year-to-date and outperforming the Nasdaq. And the steepening of the yield curve continues as investors return the inflation premium to the long end of the market, while the short end remains anchored. The opinion that the 2020 contraction was not as deep as feared was also backed by 4Q GDP from many parts of Asia overnight. Then the story seems to be moving on to the question of how nice things have to get before central banks eliminate the cheap liquidity punchbowl? On Wednesday, when the US publishes January retail sales, this issue will be in focus and we will also get to see the FOMC minutes for January. Until the event risk on Wednesday, the dollar will remain supported against the low-yielders of JPY and EUR, but our core position is that the Fed is prepared to let the economy run hot-the that's the whole point of Average Inflation Targeting-and that the dollar should remain widely offered. Indeed, as vaccine rollouts accelerate across the globe, we're looking for another large leg of the dollar decline in 2Q.

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Gold Market Report News

Gold on February 15, 2021

 ‼ ️ At the end of last week's trading session, world gold price had 1 week of recovery after next week's sharp decline.  The world gold price last week has sometimes bounced up to 1855, but this rise was not maintained until the end of the week.  Closing the weekly candlestick with an upside-down candle at 1823. With the closing of the weekly candlestick being a bullish candle, in my opinion, this momentum will be maintained during the first few sessions of the day.  this week.

 - This increase, in my opinion, is also evident in the candle on Friday last week when the price dropped to 1810 but at the end of the session, it pulled back close to the opening price on the day, so on the daily candlestick.  I also support an uptrend that I do subjectively evaluate on the weekly chart.

 - Considering the smaller timeframe H4 we can see the price range we can establish a buy position around 1820. The closest target I think this precious metal can achieve is around the threshold.  1832 and the expectation are 1838-1840.  This is the resistance zone of the gold during the day.

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Gold Market Quick Analysis

The world gold price fell beautifully as expected from 1863 to 1829 ($ 34) closed the daily candle at 1836 with a relatively strong drop.  This is the old support price zone that from January 2nd until now the world gold price has not broken and in my opinion, we will start to limit long sell orders and wait.  Gold creates a bottom to establish a buy position.

With the world gold price reaching the old support zone of 1830 immediately rebounded, it proved that this price zone could not be broken immediately, but it will take a few more sessions for Gold to bottom and go up.  next price zones.

On the daily chart timeframe, I expect the price of Gold in today's trading session will have some swings down to the sub-channel from November 30, 2020, until now, around the price range 1810-1815 to see.  consider setting buy position on the precious metal Gold.

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Looking Beyond The Chaos Of Retail Trading?

 As a choppy risk climate revamped safe-haven demand for the greenback, the dollar has had a good week against most peers. That said, the pause in the decline in the dollar seen in January has not been followed by a strengthening of the main arguments in favour of a bearish medium-term view. The Fed's reiteration of its "lower for longer" posture leaves the real-rate profile of the USD as highly unsupportive of the currency, and we are inclined to assume that a resumption of a healthy risk rally is likely to occur in the coming months. The retail-trading-induced high volatility in some stocks and the subsequent trading restrictions on the Robinhood online platform have been an unusual driver of risk appetite in the past few days. This definitely remains one thread to follow, which may keep investors jittery for a little longer, signalling that new defensive dollar positions might not yet be unwound.

That said, as the first batch of hard data for 2021 is released, we might potentially see the market's emphasis turn back to more "textbook" fundamentals this week. The January employment report will be the highlight of the week and we expect a reading of +100k, which is slightly above consensus, but is unlikely to create a lot of enthusiasm from the sector.

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Latest Update on Gold Price- Money Life Research

‼ ️ At the top of last trading week World gold had 1 trading week mainly decreased. Gold price retested the 1875 resistance level then fell back within the last session of the week. Closing last week with a bearish candlestick showed that purchasing pressure began to hamper after subsequent week of gains. In my opinion, the resistance zone of 1867-1875 continues to be the zone that pushes the gold price down within the first sessions of in the week .

- Switching to the daily chart time-frame , we will see that after 4 trading days at the start of last week declined, the last session of the 6th week, Gold price had a robust bounce to 1875 but after hitting the zone. At this price, Gold price fell immediately to 1840 and closed the day with a bullish candle but with an extended upper shadow, so this uptrend in my opinion isn't sustainable, reinforcing the trend of expecting retesting. on week time-frame .

- Considering on a shorter time-frame than H4, the closest point we will establish a sell-down position on the valuable metal Gold is around 1860. The safe target will remain to the old price of 1834. this is often also the support price zone of gold valuable during the day.

COMEX Trading Tips

Update- Comex Signals for 24 hrs Profit in 2020

Before discussing the topic; first of all let us talk what Comex is

Comex – It is the primary futures and market option for trading metals such as silver, gold, aluminum, and copper. Comex was previously called as the Commodity Exchange Inc. In 1994, Comex was merged with the New York Mercantile Exchange (NYMEX). It became the division that is responsible for metals trading.

In 1933 Commodity Exchange Inc was founded by the merger of four smaller exchanges in New York, such as the Rubber Exchange of New York, New York Hide Exchange, the National Metal Exchange, and the National Metal Exchange. Comex is the merger between the New York Mercantile Exchange (NYMEX) and the Commodity Exchange Inc. Comex is the world’s largest physical futures trading exchange and operates out of the World Financial Center in Manhattan. It is a division of Chicago Mercantile Exchange (CME).

As per CME, about 400,000 futures and options contracts executed on Comex every day, which makes the most liquid metals exchanges all over the world.

Comex is the leading clearinghouse for silver, gold, and copper futures that are traded in standardized contract sizes and mini or micro version. There are other future contracts traded on Comex such as steel, palladium, aluminum, and platinum.

Comex signal – It is beneficial for trading in a commodity market, which is generally at a fixed cost and time and the message is created by a human analyst or an automated comex robot. It is supplied to a subscriber of the product recommendation or comex signals service and maintains trader updated about movement in global market. Generally it is provided by the professional traders via SMS alerts, email alerts and many more. Comex market is a worldwide platform in which investors and traders to maximize the capital. In this type of market, you can trade Crude oil, Brent crude, Gold, Copper and Silver. These are all parts of comex trading in which you can start invest the money and gain huge profit. For successful trading, investors use comex signals.

It lowers the risk and increases the possibility of getting profit and alerts the trader when the opportunities arise. It provides specific timing to sell and buy currency, and traders can have either free trials or paid, which are offered by the service providers with useful commodity tips.

There are Top Comex signals for 24 hrs profits in 2020 are as given below

1. Gold signals
2. Silver signals
3. Crude oil signals
4. Brent crude signals
5. Energy Signals

Comex recommendations offer reliable and Comex trading tips for customers who are interested in trading in the Comex market.

Comex Tips is a tip for those investors who are interested in trading in global commodities traded on Comex. The Comex Market is vast with features of liquidity and high volume; thus traders can earn with huge profit.

Gold is a costly and precious metal that allows producing better wealth about the market with general Comex Gold Tips. Gold bars are available in several different sizes and shapes for trading in the market.  It is the main Comex Gold tips to avoid purchasing gold bars large in size, which is inconvenient to sell them. We should always buy and sell process as per market trend and right Comex tips.

Investors can prefer gold because it consists of high liquidity, which allows enormous profit and making opportunity at the time when the market is down. When the market is up then the selling of gold is very profitable for the investors. It is the crucial Comex Gold tips for investors in the global market to earn huge profits. The opportunity is for the traders to take leverage in gold trading through predicting based on options or markets and equity.

Source- <https://www.moneyliferesearch.com/top-comex-signals-for-24-hrs-profit-in-2020/>