KEEP UP WITH OPTIONSCITY

Gold takes out 200 Day Moving Average. Front month Gold Options continue to provide good risk return for directional traders.

On January 20th I wrote the following:

The last week or so has shown that a down stock market does not necessarily mean higher gold. Today the February gold futures contract made a high of $1109.9. That is lower than the 1113.1 high that gold made on January 7th. Stocks made a new low today with the S&P making a low of 1804; on January 7th the low in the S&P was around 1930. So 125 handles lower in the S&P later, gold did not make a higher high.”

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December Fed Looming, Gold Stands at an important inflection point

BenRyan Gold, Blog Leave a comment

Two posts ago, on November 16th, Gold Returns to Critical lows below 1100, I wrote the following.

 

So now, gold has found some buying around 1073, but has shown a lot of difficulty picking up any steam to push it towards 1100. This is an incredibly significant battle that the longs and shorts will fight out in this range. 40 dollars higher gold looks like a commodity that is finding real support and an ability to hold up dramatically well amidst all of the worlds commodity selling. 25 lower makes gold look very unattractive.

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Gold Quietly Breaks 1050

Ben Ryan Gold, Blog Leave a comment

The dollar is what is ruling these markets right now. For the time being, the gold price seems inextricably linked to the dollar. Higher dollar, lower gold; and vice versa. 

 

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Gold Returns to Critical lows below 1100

BenRyan Gold, Blog Leave a comment

Gold Returns to Critical lows below 1100

By Ben Ryan

Gold managed to get a lot of people excited over the course of the last few months. Following the late July dip to 1080, it was unable to make any further progress to the downside. 1080 became major support, and the metal managed to rally over 100 dollars off of the lows to 1191. Then, in the course of about a week, all that hard work was undone, and gold is back near the lows of 1080, and mere ticks off of making a multi year low at 1073.

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