goldenBear88

goldenBear88

Technical analysis: Gold still holds some Bullish bias (due DX testing #3-Month High's and currently reversing / adding Intra-day Buying pressure on Gold) unless market closes below #2,020.80 Support or full candle closing below should negate full Short-term Bullish bias. As mentioned, #2,000.80 psychological benchmark test remains very possible and according to...

goldenBear88

Technical analysis: Gold still holds some Bullish bias (due DX testing #3-Month High's and currently reversing / adding Intra-day Buying pressure on Gold) unless market closes below #2,020.80 Support or full candle closing below should negate full Short-term Bullish bias. As mentioned, #2,000.80 psychological benchmark test remains very possible and according to...

goldenBear88

Fundamental analysis: Throughout last #2-Month fractal, Traders witnessed how Fundamentals (Gold’s Price-action very sensitive to DX on mild decline and totally ignoring motion when DX is trending upwards) can momentarily distort Technical trends, as an seemingly Bearish Hourly 4 chart’s candle closed many times on positive fashion. Bullish Daily chart’s trend of...

goldenBear88

Fundamental analysis: Throughout last #2-Month fractal, Traders witnessed how Fundamentals (Gold’s Price-action very sensitive to DX on mild decline and totally ignoring motion when DX is trending upwards) can momentarily distort Technical trends, as an seemingly Bearish Hourly 4 chart’s candle closed many times on positive fashion. Bullish Daily chart’s trend of...

goldenBear88

Allow me to explain my personal approach / formula and why I am heavily on Selling side (perma-Bear): It is well known that Gold’s Price-action is evolving cyclically with a dominant period of #30 Years and is mainly affected by commodity / financial markets and macro-economic indicators. For centuries, Gold has had the interesting characteristic of being a...

goldenBear88

Allow me to explain my personal approach / formula and why I am heavily on Selling side (perma-Bear): It is well known that Gold’s Price-action is evolving cyclically with a dominant period of #30 Years and is mainly affected by commodity / financial markets and macro-economic indicators. For centuries, Gold has had the interesting characteristic of being a...

goldenBear88

Technical analysis: Gold has invalidated the Higher High’s Upper zone on Daily chart currently and turned marginally Bullish on Technical part, same Price-action and developments spotted on November #18 - November #23 sequence. Even though the Daily chart’s Support is seen Trading on #2,052.80 benchmark extension which Technically should be tested throughout...

goldenBear88

Technical analysis: Gold has invalidated the Higher High’s Upper zone on Daily chart currently and turned marginally Bullish on Technical part, same Price-action and developments spotted on November #18 - November #23 sequence. Even though the Daily chart’s Support is seen Trading on #2,052.80 benchmark extension which Technically should be tested throughout...

goldenBear88

General thoughts regarding the trend: DX finally found the Support and yielded meaningful recovery attempt however Gold is still Trading within Bullish territory. When DX was on decline with same values it has spiked upwards throughout yesterday's session, Gold delivered almost #30-point recovery. Yesterday's session was in the same manner last one for the Month...

goldenBear88

General thoughts regarding the trend: DX finally found the Support and yielded meaningful recovery attempt however Gold is still Trading within Bullish territory. When DX was on decline with same values it has spiked upwards throughout yesterday's session, Gold delivered almost #30-point recovery. Yesterday's session was in the same manner last one for the Month...

goldenBear88

Technical analysis: Gold is Trading above #6-Month High's however I do not expect further upside without a correction. Without more DX pain ahead / downside surprises, Gold may slide #17 - #27 points. My Technicals are aggressively inclined towards Selling / correction however Gold is still stationary. The mentioning of a logical argument suggesting decreased...

goldenBear88

Technical analysis: Gold is Trading above #6-Month High's however I do not expect further upside without a correction. Without more DX pain ahead / downside surprises, Gold may slide #17 - #27 points. My Technicals are aggressively inclined towards Selling / correction however Gold is still stationary. The mentioning of a logical argument suggesting decreased...

goldenBear88

Technical analysis: Even though Gold is critically Overbought and possible Fundamental #2,067.80 Resistance test ahead, constant Bullish spikes and prolonged weakness on DX is keeping Short-term Bullish bias alive on Gold and High levels in comparison to last week's numbers. However Hourly 4 chart remains on healthy Bullish Technicals (Ascending Channel) and...

goldenBear88

Technical analysis: Even though Gold is critically Overbought and possible Fundamental #2,067.80 Resistance test ahead, constant Bullish spikes and prolonged weakness on DX is keeping Short-term Bullish bias alive on Gold and High levels in comparison to last week's numbers. However Hourly 4 chart remains on healthy Bullish Technicals (Ascending Channel) and...

goldenBear88

Technical analysis: Gold did closed within my ideal re-Sell zone however is currently comfortably Trading above #2,010.80 - #2,012.80 Resistance zone. However this is hard Resistance zone and Gold might not invalidate it without serious cause. Indeed it is not a good time to be Bear on the market however Bullish bias should remain short-lived as November is...

goldenBear88

Technical analysis: Gold did closed within my ideal re-Sell zone however is currently comfortably Trading above #2,010.80 - #2,012.80 Resistance zone. However this is hard Resistance zone and Gold might not invalidate it without serious cause. Indeed it is not a good time to be Bear on the market however Bullish bias should remain short-lived as November is...

goldenBear88

Technical analysis prior to last week: The Price-action was basically consolidating again on Hourly 1 chart’s within #2,000.80 - #2,003.80 only to give Scalpers a chance for Intra-day returns. However, Hourly 1 chart’s invalidated Neutral Rectangle and extended former Ascending Channel as I may be getting a break-out (the pattern usually breaks to the downside if...

goldenBear88

Technical analysis prior to last week: The Price-action was basically consolidating again on Hourly 1 chart’s within #2,000.80 - #2,003.80 only to give Scalpers a chance for Intra-day returns. However, Hourly 1 chart’s invalidated Neutral Rectangle and extended former Ascending Channel as I may be getting a break-out (the pattern usually breaks to the downside if...