Florian Grummes
Gold Market Analyst & Author
Florian Grummes (born 1975 in Munich) has been studying and trading the Gold market since 2003. In 2008 he started publishing a bi-weekly extensive gold analysis containing technical chart analysis as well as fundamental and sentiment analysis. Parallel to his trading business he is also a very creative & successful composer, songwriter and music producer. You can reach Florian at: [email protected].
Florian Grummes Articles
As written two weeks ago, Gold very likely is within its final capitulation. Crashing through the last support zone between US$1,130 and US$1,140 opened up the door towards my often announced target US$1,035-US$980.
Gold made a new five year low last Friday. It is hanging on the last inch of its support zone between US$1,130 and US$1,140. While my model has correctly been bearish since mid of June I personally thought that the positive seasonality,...
Two weeks ago I expected only a minor setback in Gold. That was obviously wrong. Gold came all the way down to US$1,155.80 during last Thursday. But at least we saw a bounce from the lows which left a bull-hammer on the chart. With the...
As expected Gold posted a rally towards US$1,205.70. While many market participants became extremely bearish two weeks ago I clearly pointed towards the important contrarian buy signals in CoT and sentiment. As well it looks like the Euro...
Gold´s price action over the last two weeks has been pretty weak. The 50MA (US$1,196) has been lost and it looks like Gold wants to break lower. Yet it did not close below $1,170 and bulls are starting a recovery since the lows from last...
As expected Gold managed to rally and exploded $50 higher within just five trading days since my last update. But with the same velocity all gains have been vaporized with two large down days. Another short-term top has been clearly...
The Model continues to be in strong Sell/Bearish Mode. On the positive side we have a new buy signal due to the falling Volatility. Also and even more important the CoT-Report is now looking much better. This indicator is still missing...
After two weeks of moving and filling around the US$1,200 level Gold finally broke down on Friday. I had anticipated the sideways trap since early April and explained my bearish outlook in my recent analysis as well. Last Monday I told my...
During the last two weeks the model changed from a buy signal to neutral and now to a sell signal. The GDX Daily-Chart is on a sell signal for the second week already while this weekend Gold in Indian Rupee, the US-Dollar Daily Chart as...
During the last two weeks the model changed to a strong buy signal. The first buy signal that flashed was the GDX Daily-Chart followed by the Gold/Silver-Ratio. A very interesting development was the falling US Real Interest Rate. It went...
