OC-Razor

OC-Razor

Gold rebounded sharply after several days of trending down when it hit the long term bull run support (bottom line on chart). Next stop major resistance around 3,260 which is fast approaching. We expect high probability rejection down from this level due to the move into higher risk assets with a calming of the macro economic environment…but as always, with...

OC-Razor Updated 

Gold has pushed up to the $3k mark over the past few days but lacks volume/momentum to hold $3k and move higher from there. The recent market dislocation (Gold Futures vs Spot rate) which resulted in physical gold moving from London vaults to NYC has narrowed so that driver for the price has subsided. Macro Economic turmoil (tariff uncertainty) looks more...

OC-Razor

Gold has been consolidating sideways looking to move up to the psychological $3k level (ATH) and the move looks likely to happen today as price breaks from range from strong liquidity area. Hold onto your hats, it could be happening now. Wait for pullbacks on STF charts (2m/5m) to enter at best price.