goldenBear88

goldenBear88

Gold's general commentary: No surprises throughout early E.U. session opening as Price-action didn’t delivered any significant move (classic consolidation) and despite the stagnation on Bond Yields and DX on modest downtrend, Gold has managed to defend the Support throughout the session and enter the #1,792.80 - #1,795.80 Hourly 4 chart’s Resistance cluster. This...

goldenBear88

Gold's general commentary: No surprises throughout early E.U. session opening as Price-action didn’t delivered any significant move (classic consolidation) and despite the stagnation on Bond Yields and DX on modest downtrend, Gold has managed to defend the Support throughout the session and enter the #1,792.80 - #1,795.80 Hourly 4 chart’s Resistance cluster. This...

goldenBear88

Gold's general commentary: Despite the Lower High’s test, fair Technical value of Gold (Spot prices) should be around #1,727.80 by now, according to my estimations. Gold didn’t collapsed since Fundamentals once again distorted Technical trends and postponed my expectations. DX took a decent hammering as the Price-action strongly bounced back from Resistance...

goldenBear88

Gold's general commentary: Despite the Lower High’s test, fair Technical value of Gold (Spot prices) should be around #1,727.80 by now, according to my estimations. Gold didn’t collapsed since Fundamentals once again distorted Technical trends and postponed my expectations. DX took a decent hammering as the Price-action strongly bounced back from Resistance...

goldenBear88

Gold''s general commentary: Technical Bearish dominance on Hourly 4 chart clearing the Neutral consolidation (lasting for #4 sessions) should be about to price a new Low near #1,759.80 Medium-term Support. However it is important to consider that Buying near Monthly rejection points is Technically not advised, especially when Williams% (on bigger charts) is not...

goldenBear88

Gold''s general commentary: Technical Bearish dominance on Hourly 4 chart clearing the Neutral consolidation (lasting for #4 sessions) should be about to price a new Low near #1,759.80 Medium-term Support. However it is important to consider that Buying near Monthly rejection points is Technically not advised, especially when Williams% (on bigger charts) is not...

goldenBear88

Gold's general commentary: Despite the decline on DX, Gold is extending it’s depressed moves / Buying pressure is evident, but still Gold is showcasing the strong underlying Bearish trend. What keeps Gold ranged is the Bond Yields Trading near Support cluster, and above almost an Monthly Low’s on the Usd-Jpy. Also, regarding the E.U. opening, I spotted also side...

goldenBear88

Gold's general commentary: Despite the decline on DX, Gold is extending it’s depressed moves / Buying pressure is evident, but still Gold is showcasing the strong underlying Bearish trend. What keeps Gold ranged is the Bond Yields Trading near Support cluster, and above almost an Monthly Low’s on the Usd-Jpy. Also, regarding the E.U. opening, I spotted also side...

goldenBear88

Gold's general commentary: Ranged Price-action came as no Technical surprise as Price-action remains within Rectangle on a combination of Fundamental pressure and Technical necessity for a Lower Low’s extension. It is closely related to currency Volatility on DX (and the economy related Fed’s talks, hawkish stance) as the Price-action in near equilibrium with DX...

goldenBear88

Gold's general commentary: Ranged Price-action came as no Technical surprise as Price-action remains within Rectangle on a combination of Fundamental pressure and Technical necessity for a Lower Low’s extension. It is closely related to currency Volatility on DX (and the economy related Fed’s talks, hawkish stance) as the Price-action in near equilibrium with DX...

goldenBear88

Gold's general commentary: Gold is following so far exactly the September #24 - #28 pattern discussed last Week, and is marching towards the #1,752.80, final Lower Low's extension, on expected hawkish stance from the Fed. Since #1,788.80 broke, it would be best to wait for the #1,772.80 Support (break of can extend the decline towards #1,770.80 #2-Week Low). The...

goldenBear88

Gold's general commentary: Gold is following so far exactly the September #24 - #28 pattern discussed last Week, and is marching towards the #1,752.80, final Lower Low's extension, on expected hawkish stance from the Fed. Since #1,788.80 broke, it would be best to wait for the #1,772.80 Support (break of can extend the decline towards #1,770.80 #2-Week Low). The...

goldenBear88

As discussed throughout my morning's commentary: "Technical analysis: For current session, best to do is stay on the safer side (without an order) and wait for Support break. Personally, Gold is near the Top and I should see #1,788.80 break, but is so far holding and is the level I am focusing at. The Fundamental side down-played the quick fair Technical value...

goldenBear88

As discussed throughout my morning's commentary: "Technical analysis: For current session, best to do is stay on the safer side (without an order) and wait for Support break. Personally, Gold is near the Top and I should see #1,788.80 break, but is so far holding and is the level I am focusing at. The Fundamental side down-played the quick fair Technical value...

goldenBear88

Gold's general commentary: As expected Gold found Support again on the Hourly 4 chart’s #1,782.80 - #1,788.80 zone and rebounded back near the #1,800.80 benchmark, in the same manner representing semi-Resistance. This will be the #5th test of that Resistance level since October #19 and it is no surprise that Price-action reached on the Fed minutes aftermath. Even...

goldenBear88

Gold's general commentary: As expected Gold found Support again on the Hourly 4 chart’s #1,782.80 - #1,788.80 zone and rebounded back near the #1,800.80 benchmark, in the same manner representing semi-Resistance. This will be the #5th test of that Resistance level since October #19 and it is no surprise that Price-action reached on the Fed minutes aftermath. Even...

goldenBear88

Gold's general commentary: As Gold is within Hourly 4 chart’s previously broken Ascending Channel, this is very cautious market at the moment. As long as the #96.00 level on DX holds and the Bond Yields continue with their Volatile phase on Weekly chart (#1W), I expect Gold to remain under pressure and Trading sideways both on Hourly 1 and Hourly 4 chart. I do...

goldenBear88

Gold's general commentary: As Gold is within Hourly 4 chart’s previously broken Ascending Channel, this is very cautious market at the moment. As long as the #96.00 level on DX holds and the Bond Yields continue with their Volatile phase on Weekly chart (#1W), I expect Gold to remain under pressure and Trading sideways both on Hourly 1 and Hourly 4 chart. I do...