Technical analysis: Gold reversed on Intra-day basis (even though DX is Trading near multi-session High’s, from now on / main correlation for the fractal) as Price-action was isolated within Neutral Rectangle which has Lower High's / High's - Low's. As I've mentioned before, current slide was nothing more but sweep to cool down Overbought levels however not discontinuation of Ascending Channel on bigger charts.. Hourly 4 chart's timeframe should turn green any minute now and as long as Price-action meets strong Support near #4,000.80 psychological benchmark which is showcasing strong rejection point, I expect test-and-break of the #4,052.80 - #4,057.80 zone which can extend Buying sequence widely above #4,100.80 psychological benchmark, preserving trendline on Hourly 4 chart which is Supporting the uptrend and rejecting every downside attempt since late September / early October fractal. It is worth noting that if #4,052.80 - #4,057.80 Short-term Resistance zone rejects current recovery attempt, #3rd Top on mentioned belt which is guarding the upside will be formed as Gold will be isolated within #2 strong trendlines until one of the levels break and delivers major move on the aftermath (I lean to the Bullish side as well).
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- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012' / support my analysis with 'like' if you already read it.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012' / support my analysis with 'like' if you already read it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
- My official Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012' / support my analysis with 'like' if you already read it.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012' / support my analysis with 'like' if you already read it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.