honestly i dont think PPI can move it that much. it must be the unemployment claims which is smoking the markets. 2324 is still a tough nut to crack

Gold

gold has not even started the correction and I wonder what will be the trigger for heavy selling but markets will surely find one. one thing is for sure there are sellers on every rise in gold and that was clear yesterday.

Gold

yes Dec cut is all we can get after yesterday's FED. precondition for that is july and aug data have to be really bad. one more thing we came to know yesterday that FED is looking at all data in totality and then making a decision. they are not just ...

Gold

sept cut is baked in todays data but if powell is bullish today and they decide to go against it it would spark some reaction from the market

Gold

gold touched 2341 from 2314 whereabouts before inflation data. it has since then retraced to 2327 and now trading at 2320. I dont quite like the retracement and still think gold has overdone a bit. If Powell for some reason is hawkish we might see ...

Gold

today's print will be a make shift for gold as it will lock in sept cut or hold. if nothing happens in sept which is the next meeting after July markets will look at October. including today we have 5 FED meetings left. excluding today we have 4. If ...

Gold

nothing has fundamentally changed since Friday's close. We closed Friday at 2293 and the high we made was 2320 on tuesday. so roughly 26 dollars for 2 days. today the first trend will be clear once CPI comes. an inline data will wait for the FED ...

Gold

either NY will take it to 2324 where they will sell it heavily or we are drifting down to 227x today. china is absent today. so asia was flat. expect some movement in US

Gold

I have said this before and let me reiterate. china and india both are hesitant to buy gold at prices close to 2400 unless there is massive devaluation of dollar which I dont see happening in near term. gold's 60% rally is due to china buying on the ...

Gold

exactly what I said yesterday. let it jump 30 dollars underlying trend does not change which is to the downside for now. Today's china news coupled with NFP has all but sealed in the top for gold now. gold will start rallying again once we factor in ...

Gold

it was stoploss run at 2360. many stops got hit in the process. underlying trend on the downside does not change though

Gold

looks like we are going to have a major risk off move in the markets. uj can drop as low as 154-153. i think it is a well written script. In such scenario gold and silver wont rally. come what happens. silver time bound correction to 28.60 and gold ...

Gold

if we open below 2323 we may slide down to 2293 followed by 2276. on the flip side it has to close above 2358 to be bullish

Gold

it depends on the dollar what gold does further. initial reaction is done. further 10 pips up or 20 pips down depends on uj crossing 157 or 156.50

Gold

exactly what I said. now wait till 2370 to get into short again. chances are if the dollar selling accelerates we can run into stops above 2370

Gold

yes every chance it may spike to 1.09. market is waiting for this report since 2 weeks

The Swamp

why wont they? they trade heavily in commodities. issue is nobody knows whether the fed is going to cut by sept or dec. is it going to be 1 or 2 rate cuts. so far the economic data is good for first 5 months of the year. fed looks at the PCE ...

Gold

2344 is taken out by this print. I will watch here and if we dont take out 2350 sell is inevitable

Gold

a higher print than expected will bring gold down. the likely hood of gold rallying in event of a bad number is moderate

Gold