Gold's general commentary: Aggressive Selling sequence came as no Technical surprise as Gold is looking rather weak and trending downwards with every Hourly 1 chart’s candle. Taking all aspects into consideration, recent slide was Naturally expected where movement was certainly within my model as I announced huge Selling potential regarding both Short and...
Gold's general commentary: Aggressive Selling sequence came as no Technical surprise as Gold is looking rather weak and trending downwards with every Hourly 1 chart’s candle. Taking all aspects into consideration, recent slide was Naturally expected where movement was certainly within my model as I announced huge Selling potential regarding both Short and...
As discussed throughout my morning's commentary: "My position: I have engaged my Selling order with #1,914.80 as an key entry point, with #1,892.80 Support extension as my optimal Target. NFP announcement is planned just within few hours, as according to the statistics (#11 negative and #17 positive surprises in the past #28 readings). I don't expect NFP to...
As discussed throughout my morning's commentary: "My position: I have engaged my Selling order with #1,914.80 as an key entry point, with #1,892.80 Support extension as my optimal Target. NFP announcement is planned just within few hours, as according to the statistics (#11 negative and #17 positive surprises in the past #28 readings). I don't expect NFP to...
Gold's general commentary: Price-action was pushed towards the Daily chart’s Resistance zone of #1,952.80 benchmark and even broke it, but taken a pause near #1,960’s, showcasing strong durability. That was of course Fundamentally attributed to Fed expectations aftermath and DX way below the Hourly 4 chart’s Support zone (near Lower Low’s Upper zone fractal), but...
Gold's general commentary: Price-action was pushed towards the Daily chart’s Resistance zone of #1,952.80 benchmark and even broke it, but taken a pause near #1,960’s, showcasing strong durability. That was of course Fundamentally attributed to Fed expectations aftermath and DX way below the Hourly 4 chart’s Support zone (near Lower Low’s Upper zone fractal), but...
Gold's general commentary: After yesterday’s E.U. session excellent Bearish Short-term opening and clear Technical Selling signal, Fundamentals once again distorted Technical proper trend and from a clear #1,900.80 psychological benchmark and main Support test, Gold recovered the Daily losses with almost #22 point spread in Bull direction. Personally, reason...
Gold's general commentary: After yesterday’s E.U. session excellent Bearish Short-term opening and clear Technical Selling signal, Fundamentals once again distorted Technical proper trend and from a clear #1,900.80 psychological benchmark and main Support test, Gold recovered the Daily losses with almost #22 point spread in Bull direction. Personally, reason...
Gold's general commentary: #2 important things ahead of yesterday's U.S. session opening. #1st: even though the Price-action broken the Higher High’s trendline from #1,900’s earlier, it failed to test and break the #1,898.80 - #1,900.80 Support zone (and close the market below / full candle closing), so Technically Price-action is still below Higher High’s Upper...
Gold's general commentary: #2 important things ahead of yesterday's U.S. session opening. #1st: even though the Price-action broken the Higher High’s trendline from #1,900’s earlier, it failed to test and break the #1,898.80 - #1,900.80 Support zone (and close the market below / full candle closing), so Technically Price-action is still below Higher High’s Upper...
Technical analysis: Despite Friday’s session strong response to #1,952.80 psychological barrier attempt, Gold failed to maintain those High levels and was rejected near the Daily chart’s Resistance zone. Yet, it still found Support on the Daily chart’s bottom of the Higher High’s local Low’s zone, sequence which holds Bearish bias and had High potential to...
Technical analysis: Despite Friday’s session strong response to #1,952.80 psychological barrier attempt, Gold failed to maintain those High levels and was rejected near the Daily chart’s Resistance zone. Yet, it still found Support on the Daily chart’s bottom of the Higher High’s local Low’s zone, sequence which holds Bearish bias and had High potential to...
Technical analysis: The Price-action instantly surged as despite the Inflation PCE outcome, the DX remains more Neutral than Bullish for the session, however appears to be reversing on a Hourly 4 chart’s series of Engulfing Bullish candles (I advised it should rise gradually within #10 sessions, not remaining isolated within Neutral Rectangle). In addition...
Technical analysis: The Price-action instantly surged as despite the Inflation PCE outcome, the DX remains more Neutral than Bullish for the session, however appears to be reversing on a Hourly 4 chart’s series of Engulfing Bullish candles (I advised it should rise gradually within #10 sessions, not remaining isolated within Neutral Rectangle). In addition...
As discussed throughout my morning's commentary:" My position: Even though my usual Trading practice is to remain on sidelines throughout Friday's session, I have engaged my Selling order with #1,928.80 as my entry point. My optimal Target remains #1,900.80 psychological benchmark as Buyer's intent remains weakened. Market closing below #1,927.80 negates Buying...
As discussed throughout my morning's commentary:" My position: Even though my usual Trading practice is to remain on sidelines throughout Friday's session, I have engaged my Selling order with #1,928.80 as my entry point. My optimal Target remains #1,900.80 psychological benchmark as Buyer's intent remains weakened. Market closing below #1,927.80 negates Buying...
Gold's general commentary: Despite Price-action Trading within an Hourly 4 chart’s Bullish Flag (pattern which is spotted multiple times on H4 chart lately), Gold is purely responding to the Fundamentals of the DX that is on High speculation mode ahead of the Q4 -Q1 GDP report (and U.S. debt skyrocketing). The only important reports left were Fed minutes, U.S....
Gold's general commentary: Despite Price-action Trading within an Hourly 4 chart’s Bullish Flag (pattern which is spotted multiple times on H4 chart lately), Gold is purely responding to the Fundamentals of the DX that is on High speculation mode ahead of the Q4 -Q1 GDP report (and U.S. debt skyrocketing). The only important reports left were Fed minutes, U.S....