At times, Gold can make explosive moves as yesterday, when the Fed Chairman held a speech.

Fast forward to 0:32:30 minutes to hear the speech.

The markets knew in advance about the upcoming Powell's speech and Gold traded in a tight range in the hours leading up to the event: Then - a way to play this 'potential' explosive move, could be to place 'a stop buy order' at 1.215 one hour into the US trading session and simultaneously place 'a stop loss order' just below the 15:20 CET low or by 1/2 the daily range of USD 12,5. After the excecution of the 'stop buy order', the stop loss could have been trailed to entry at 1.215 or higher. Alternatively, sold out after X USD.

A larger one minute chart with highs and lows showing the FED Gold behaviour from 2 hours pre speech to 3 hours post the speech is at this link. Times are CET.: "A top 22 minutes before the speech, thereby an explosive move to the upside without looking back. Immediate buyingpower. The strong buying lasts only 11 minutes, for there to sell off for 33 minutes. Buying comes in again lasting 29 minutes, for then to fade off over the next 56 minutes".

Here is tick by tick of how Gold vs Silver vs Nasdaq100 index moved parts of this intraday.

All 3 strong, but Gold most reluctant, Silver more explosive, Nasdaq100 steady strong buying. 

Speaking of moves in the Gold market, 15:20 CET is an interesting timewindow. It is just ahead of the US Open, but also the time where short trades from 14:20 CET could be exited:

Throughout the tradingweek, research proves that the Gold market favours traders to stay short from 14:20 - 15:20 CET.

The last few weeks has changed these tradingpatterns slightly, and Wednesday has gone from showing a positive hour to a negative hour. All 5 tradingdays of the week are presently in a negative territory this one trading hour. See last post here.

The wild 'FED chart' above is a great example of how quickly markets may change.

Remember to always keep a preferable stop loss in place. No matter the direction of the trade. Passed performance does not equal future performance. 

For questions or comments email any time intraday@intraday.no

2018-11-29 02:30 | 0 Comments | Gold, The Fed, US Open

Gold favours shorts..

In the search of consistent trading patterns for the Gold price intraday, there are interesting observation from 14:20 – 15:20 CET (since July to present):

Thursday is the preferred day to go short gold from 14:20 – 15:20 CET. Wednesday is the day to stay Long, but from 14:00 CET, and to close the position at 15:00 CET.

Monday, Tuesday and Friday also favours short positions from 14:20 – 15:20 CET as pointed out below. Here are the distributions of favourable outcomes.

These intraday patterns seems to be persistant regardless of the entire intraday priceaction from open to close, and regardless of 'longer trends'.

Always make sure to keep a relevant stop loss in place to limit losses, always remeber a daily range of an instrument, and always expect the unexpected!  

2018-11-06 14:00 | Gold, US Open