Gold Daily Chart outlook:
Could it really be this simple? If inflation is hotter than expected (expected number is ~3.4% YoY), we very well could see the fed take action to hike rates. This would in turn spike the dollar, sending gold lower (we could see a downtrend towards 4200 an oz in this scenario).
But - if inflation stays in line with expectations, or cooler than them, I generally see a more bullish outlook for gold.
I personally have long exposure, but will adjust accordingly based on what happens this week.
- Nick
Could it really be this simple? If inflation is hotter than expected (expected number is ~3.4% YoY), we very well could see the fed take action to hike rates. This would in turn spike the dollar, sending gold lower (we could see a downtrend towards 4200 an oz in this scenario).
But - if inflation stays in line with expectations, or cooler than them, I generally see a more bullish outlook for gold.
I personally have long exposure, but will adjust accordingly based on what happens this week.
- Nick
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EdgeFinder output for gold currently:
- Macro / fundamentals look decently supportive. Jobs data mixed / cooling, while economic growth was softer than expected. This suggests a possible weakness in the US dollar.
- Technicals a bit soft: seasonally gold is a bit bearish in September, and recent price action has been weak.
I am keeping an eye on it!
- Nick
- Macro / fundamentals look decently supportive. Jobs data mixed / cooling, while economic growth was softer than expected. This suggests a possible weakness in the US dollar.
- Technicals a bit soft: seasonally gold is a bit bearish in September, and recent price action has been weak.
I am keeping an eye on it!
- Nick
β€31π1π«‘1
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EdgeFinder is the software Nick, Alan, & Marko use every day to scan markets, track institutional volume, and spot high probability setups.
Build stronger market conviction with these core tools:
π Automated fundamental scoring for currencies, indices, and commodities
π Institutional positioning tracking via clean COT report visualizations
π Retail crowd sentiment and contrarian positioning gauges
π Macro data heatmaps covering inflation, employment, and growth trends
π Key options flow, put call ratios, and support levels
π Zero recurring subscriptions with all future updates included
π Use code TGVIP at checkout to claim your $660 discount on lifetime access.
GET ACCESS NOW
π Check out new payment plan options HERE.
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π Closing Bell - Question of the Day
After price breaks above resistance, traders often wait for a "retest" before entering. Why?
After price breaks above resistance, traders often wait for a "retest" before entering. Why?
Anonymous Quiz
91%
The retest confirms the breakout β former resistance holding as support validates it
4%
Price returning to the level signals buyers are losing momentum
5%
Retests prove sellers reclaimed the level and trapped new buyers
β€22π1
US Oil, Daily Chart:
This chart is super important to keep an eye on this week. If we see significant push higher, it could continue to put pressure on yields and drive inflation expectations higher.
That leans bearish for gold, and bullish for dollar/yields.
My personal opinion: I think there is limited upside in the short term for oil. I am neutral to slightly bearish.
I think the US administration will keep things as quiet as possible ahead of midterm elections, and may continue to reassure as much as possible on the oil shortage narrative.
Demand side also looks a bit soft (cooler than expected jobs, slower than expected economic growth, neutral inflation. I'll attach an EdgeFinder screenshot momentarily)
- Nick
This chart is super important to keep an eye on this week. If we see significant push higher, it could continue to put pressure on yields and drive inflation expectations higher.
That leans bearish for gold, and bullish for dollar/yields.
My personal opinion: I think there is limited upside in the short term for oil. I am neutral to slightly bearish.
I think the US administration will keep things as quiet as possible ahead of midterm elections, and may continue to reassure as much as possible on the oil shortage narrative.
Demand side also looks a bit soft (cooler than expected jobs, slower than expected economic growth, neutral inflation. I'll attach an EdgeFinder screenshot momentarily)
- Nick
β€26π―4π3
By the way, if you're newer to fundamentals and would like a brief tutorial on how to read this dashboard, check this out! https://www.youtube.com/watch?v=0r5CZyXhhxs
β€17π₯2
Institutional money flow on gold, according to the CFTC's commitment of traders report.
What do you see? Notice anything?
Institutions are very bullish
Ignore what they say, watch what they DO.
Having the right tools are critical. Stop guessing and start tracking it like smart money!
Get EdgeFinder, it's 40% OFF! Click here for sale details
Need a payment plan? Have questions? Chat with our support now. (We're online)
- Nick
What do you see? Notice anything?
Institutions are very bullish
Ignore what they say, watch what they DO.
Having the right tools are critical. Stop guessing and start tracking it like smart money!
Get EdgeFinder, it's 40% OFF! Click here for sale details
Need a payment plan? Have questions? Chat with our support now. (We're online)
- Nick
β€26π₯7π4
A1 TRADING | Indices, Commodities, Forex, Futures
Institutional money flow on gold, according to the CFTC's commitment of traders report. What do you see? Notice anything? Institutions are very bullish Ignore what they say, watch what they DO. Having the right tools are critical. Stop guessing and startβ¦
Most people will miss this. Read close!
π₯11β€2
I'm also still long gold. Watching silver as well now!
Updates will be sent in our VIP channel
If you would like to join and need some more info, feel free to chat here
- Nick
Updates will be sent in our VIP channel
If you would like to join and need some more info, feel free to chat here
- Nick
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π Closing Bell - Question of the Day
An inverted yield curve has preceded every US recession since 1970, which means a recession is guaranteed every time the curve inverts.
An inverted yield curve has preceded every US recession since 1970, which means a recession is guaranteed every time the curve inverts.
Anonymous Quiz
34%
True
66%
False
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