[Belgrade Bobby]

XAUUSD Daily – Gold

Supports : 2725.00 , 2715.00 & 2705.00

Resistances : 2750.00 , 2760.00 & 2775.00

Getting ready to shoot Up again ??

Close tonight above 2745.00 might signal the readiness.

Close below 2735.00 would call for more supports testing….

[Belgrade Bobby]

XAUUSD 4h – Gold

Supports : 2730.00 , 2710.00 & 2695.00

Resistances : 2745.00 , 2760.00 & 2785.00

As long as below 2760.00 it will continue this so far correctional move Down.

Below 2710.00 this correction can escalate and go as low as 2595.00 and still be a Correction.

This coming week is filled with excitements coming from US Presidential election & FOMC decision   , so everything is possible, but Pattern/ Time wise Gold is in for up to 2 weeks of consolidation.

[GVI Forex 2]

XAUUSD 1 hour gold chart… trading between its 100 and 200 hour moving averages

[Belgrade Bobby]

XAUUSD – Gold Daily

Resistances : 2760.00 , 2775.00 & 2790.00

Supports : 2730.00 , 2705.00 & 2685.00

Pattern suggests an Interim High is in place.

Correction is on cards that can last up to two weeks.

[Belgrade Bobby]

Advanced Micro Devices Inc. – AMD

If Support at 145.50 lost, Sub 100 would be in site…

AMD’s Earnings Surprise: Is the 10% Share Drop a Golden Buying Opportunity or a Red Flag?

 

[Belgrade Bobby]

XAUUSD – Gold 4h

Another leg Up in 12 minutes ?

This Bar close indicates another push up and reach for the new high.

[GVI Forex 2]

This is nit a normal week

Fallout from Japanese election’

US election uncertainty

Full calendar

Mega tech stocks earning

GoLd (and BTC) suggest geopolitical concerns despite relief after Israel strike on Iran spared oil fcilities

[Belgrade Bobby]

XAUUSD – Gold Daily

Supports : 2735.00 , 2725.00 & 2695.00

Resistances : 2745.00 , 2760.00 & 2780.00

Close tonight above 2735.00 would indicate  run for a new high, and ultimately 2835.00 over period of a few days.

Most important Support right now for this scenario to unfold is at 2695.00

[SF Monedge]

Japan 10yr yield has to go below 9450 and hold for Yen futures to fold and entertain the downside.  If it pops over 9800 Yen futures are going straight up.  Yen futures go up = Spot Yen pairs go down in general.  This is only one element and not the golden chalice.

Yes I am putting on a clinic for you Youtube gurus watching us here in this great forum called GVI.

[GVI Forex 2]

Are markets finally paying attention to rising US yield

Gold lower (outside day)

Stocks lower

[GVI Forex 2]

BTC 4 HOUR CHART – 70K FAILURE?

The failure to reach and test 70K has stalled BTC’s attempt to follow GOLD to a new record high.

This leaves it dependent on holding 65K to avoid a test of key support at 64766.

Expect chop whilke within 66-68K, a range too tight to last for a crypto.

[GVI Forex 2]

Quick summary

USDJPY extended high to 151.10…US yields again higher… not much in the way of verbal intervention

EURUSD bounce away from 1.08 suggests possible options defense

USD a touch lower, US stocks a touch lower, Gold up

[GVI Forex 2]

I have been searching for reasons why GOLD has been rising to record levels so I can get a clue how to react to any news. Here are the most commonly cited reasons

Economic uncertainty (not reflected in US stocks but China struggles)

Geopolitical (Ongoing Middle East tensions and waiting for Israel to retaliate v. Iran)

Central bank demand (this may be the strongest factor?)

No mention of upcoming US election but could be a contributing factor.

[GVI Forex 2]

A look at the day ahead in U.S. and global markets from Mike Dolan

A relatively quiet start to the week for world markets leaves Wall Street pondering the sustainability of the recent record highs as corporate earnings updates pour in, the S&P500 index nears 6,000 and the election looms.

The peculiar sight of a risk-loving rally in U.S. equity markets and corporate high yield debt alongside new records for the traditional safe haven of gold may speak something of the hedged outlook, with geopolitical and electoral risks coloring the booming domestic economy.

Morning Bid: Holding stock records, with a golden hedge

[GVI Forex 2]

Friday market

Stocks up
Gold another record
Dollar down but let’s call it consolidation

[SF Monedge]

Regarding Yen.  I am waiting for them to run the figure and the stops and then come in hard on the buy side.  Not nice Japanese data earlier at all.

Side note, reading the common sense post by Jay, is gold.

Dide note, listening to Mary Daly San Francisco Fed earlier I am fully convinced she is completely full of it and trying to make a duck look like an eagle.

[GVI Forex 2]

Summary
US-German bond yield gap at its widest since July

Goldman reckons spread could hit 200 bps

ECB tipped to deliver third rate cut on Thursday

LONDON, Oct 15 (Reuters) – A rapid divergence between euro zone and U.S. government bond markets is expected to continue, as an increasingly lacklustre European economy adds to the pressure on the European Central Bank to quickly cut interest rates.

European and US bonds rapidly diverge as economics

[GVI Forex 2]

Where is the USD headed> What about GOLD?

Weekly FX Charts Outlook

[GVI Forex 2]

XAUUSD 4 HOUR CHART – 2600 GOLDS THE LINE

A sI have been noting, 2600 was a key level that needed to hold to maintain my call for a 2600-2700 range.

Now, 2624 needs to become support to shift the risk to 2650-55/

On the upside, 2650-55 would need to be renewed to put the record high back on the radar.

[GVI Forex 2]

XAUUSD DAILY CHART – Range or retracement?

As I have been pointing out it has been glaring that GOLD has not gotten a safe haven bid despite geopolitical tensions and risks.

As also pointed out, if you t=assume a 2600-2700 range then 2650 wills et the tone, below it increasses the risk of a retracement.

Now we see id 2600 holds. If not, then support is at 1545-85.