Steve Miley is - The Market Chartist

Financial Market Technical Chart Blogs from Steve Miley - The Market Chartist

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

Gold Future ($GC_F) Bear Bias Intact for Roll Lower

Posted by on in Commodity Chart Updates
  • Font size: Larger Smaller
  • Hits: 1316
  • Print
Gold Future ($GC_F) Bear Bias Intact for Roll Lower

A further prod higher Tuesday, but again a still slowing ascent, which indicates a stalling corrective recovery.

We look for consolidation into midweek, but whilst capped by 1197 and more notable 1209 resistances, we see bear pressures resurfacing, given the mid-March break below the 1143 spike low from December 2014.

For Today: We see a neutral tone between 1197 and 1178 (but with a downside bias)

  • Break above 1197 aims for 1209.
  • Break below 1178 aims for 1168.

Short-term Outlook - Downside Risks

  • Initially looking for a recoil back to rebound supports.
  • For April we see a more negative tone with the bearish threat to 1132, the 2014 cycle low.
  • Growing threat into April, is for a break below 1132 for 1100 and longer term support at 1045. 


To view today's full Gold report with screencasts, click here
Remember, for a FREE trial of all our Commodity and other reports sign up by clicking here

Daily Gold Future Chart (April 2015 Contract)



Last modified on
Rate this blog entry:

Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.

He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).

Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.

Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.



  • affiliatelogos.png



  • users1.png
  • users2.png
  • users3.png
  • users4.png