GOLD!!! - Market Analysis for Jul 25th, 2018

Summary: REALLY, REALLY INTERESTING GOLD CHART!!!  There is a conditional gold daily buy for Friday, and a USD daily sell for Thursday.  There are crude daily buy signals through Friday.

Daily MMI Commodity Signals:  The latest daily signals are posted under each commodity section.  While the signals were developed with futures contracts, they can be traded using a variety of ETFs.  Changes to next day MMI signals may occur about 5% of the time, and will be announced in updates and in the daily reports should they occur.  Same day signals will not change.  Day 2, 3, or later signals reflect the most current information, and are subject to change.  Unless otherwise specified, the default trade per the daily signal is executed at market on close week days (5 PM for futures) and market on open for the weekend (6 PM Sunday for futures).  As daily up/down signals, the MMI signals are correct about 60% of the time.  The higher probability (H.P.) signals are correct about 65-70% of the time.  Please manage your trading risk accordingly.

MMI Crude

Latest forecast info:  While the larger crude trend continues to be down, there are MMI daily buy signals through Friday.

    CL   Trade Signal H.P. ?**
7/26 BUY  
7/27 BUY  
7/30 (open) NONE  
7/30 NONE  

**.H.P. = Higher Probability Trade Signal

MMI Gold Latest forecast info:  There is a conditional daily buy signals for Friday IF Thursday can close above 1234 (GC Q).  That said, the market has been following the chart very well, and a large move is implied near the end of the week so pay attention!  It still needs to close above 1234 to generate a buy signal first.  However, it would be prudent to prepare for a large move in either direction, with an upward bias if above 1234.

    GC    Trade Signal H.P.? **
7/26   NONE  
7/27   Buy if 7/26 closes > 1234 X
7/30 (open)     

**H.P. = Higher Probability Trade Signal

MMI U.S. Dollar Index

Latest forecast info:  There is a daily sell signal for Thursday.

     DX       Trade Signal H.P. ? **
7/26  SELL X
7/27  NONE  
7/30 (open)    

**H.P. = Higher Probability Trade Signal

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."