Technical analysis / quick update: My mid-week Target has been met earlier than I expected as the DX improved it's sentiment and market finally delivers some Selling moves. The Volatility is still High however and Gold (giving me only small accuracy patterns and mixed Technical model) may look to set a new Support zone first (my rough estimate #2,144.80 -...
Technical analysis / quick update: My mid-week Target has been met earlier than I expected as the DX improved it's sentiment and market finally delivers some Selling moves. The Volatility is still High however and Gold (giving me only small accuracy patterns and mixed Technical model) may look to set a new Support zone first (my rough estimate #2,144.80 -...
Technical analysis: Gold was currently approaching late February - early March Ultimate Top’s bottom of #2,185.80 - #2,195.80, after almost #3-consecutive break attempts which resulted as an rejection. During past #7-session horizon Price-action failed to break #2,185.80 local Top’s. With #2,152.80 benchmark seen Trading as strong Support which held many times in...
Technical analysis: Gold was currently approaching late February - early March Ultimate Top’s bottom of #2,185.80 - #2,195.80, after almost #3-consecutive break attempts which resulted as an rejection. During past #7-session horizon Price-action failed to break #2,185.80 local Top’s. With #2,152.80 benchmark seen Trading as strong Support which held many times in...
Technical analysis: Gold is isolated within consolidation area of #2,152.80 - #2,185.80 on Hourly 4 chart as I believe that best way to utilize current sequence is to Trade the breakout and wait for a next Daily chart’s candle. If market closes below #2,152.80 Support, then most possibly I will have a downtrend confirmation / opening towards #2,144.80 Support in...
Technical analysis: Gold is isolated within consolidation area of #2,152.80 - #2,185.80 on Hourly 4 chart as I believe that best way to utilize current sequence is to Trade the breakout and wait for a next Daily chart’s candle. If market closes below #2,152.80 Support, then most possibly I will have a downtrend confirmation / opening towards #2,144.80 Support in...
Technical analysis: Gold lately caught Sellers off-guard with test-and-break of ATH’s (needless to say my Short-term projection was invalidated where Gold was moved by outside factor) and a new very aggressive Ascending Channel on Daily chart was aiming #2,200’s for Higher High’s extension taken from recent Top’s. If this durability of Gold is extended throughout...
Technical analysis: Gold lately caught Sellers off-guard with test-and-break of ATH’s (needless to say my Short-term projection was invalidated where Gold was moved by outside factor) and a new very aggressive Ascending Channel on Daily chart was aiming #2,200’s for Higher High’s extension taken from recent Top’s. If this durability of Gold is extended throughout...
As discussed throughout my yesterday's session commentary: "My position: I engaged Selling order with #2,180.80 entry point with very tight Risk management." Technical and Fundamental analysis: Gold is being kept below the Hourly 4 chart’s Resistance zone despite the rejection on DX and continuous rise on equities, Gold didn’t manage to prepare the terrain...
As discussed throughout my yesterday's session commentary: "My position: I engaged Selling order with #2,180.80 entry point with very tight Risk management." Technical and Fundamental analysis: Gold is being kept below the Hourly 4 chart’s Resistance zone despite the rejection on DX and continuous rise on equities, Gold didn’t manage to prepare the terrain...
Technical analysis: Gold is isolated within healthy Ascending Channel on Daily chart with the latest Weekly High’s at #2,195.80 (representing configuration only few points above from strong Resistance zone as well) as the Higher High’s Lower and Upper zone diagonal is priced at #2,144.80 - #2,152.80 extension. If Higher High’s Upper zone gets invalidated to the...
Technical analysis: Gold is isolated within healthy Ascending Channel on Daily chart with the latest Weekly High’s at #2,195.80 (representing configuration only few points above from strong Resistance zone as well) as the Higher High’s Lower and Upper zone diagonal is priced at #2,144.80 - #2,152.80 extension. If Higher High’s Upper zone gets invalidated to the...
Technical analysis: Daily chart's Ascending Channel I mentioned on my remarks is still active on series of Hourly 1 chart’s candle, however Price-action is headed towards Higher levels, as mentioned is Targeting the #2,190.80 - #2,200.80 Ultimate Top's Resistance zone and strong defensive line Supporting from below, Trading at #2,134.80 - #2,144.80 (wasn't...
Technical analysis: Daily chart's Ascending Channel I mentioned on my remarks is still active on series of Hourly 1 chart’s candle, however Price-action is headed towards Higher levels, as mentioned is Targeting the #2,190.80 - #2,200.80 Ultimate Top's Resistance zone and strong defensive line Supporting from below, Trading at #2,134.80 - #2,144.80 (wasn't...
Technical analysis: Gold is on non-stop uptrend and currently Price-action aims ATH's level. Gold delivers #6-session consecutive uptrend despite Trading around the Highest level since December #2023 on early Wednesday. Seems like that Gold haven't got intention to alter current gains however remember that these are Inflated values on Gold and as more as Gold is...
Technical analysis: Gold is on non-stop uptrend and currently Price-action aims ATH's level. Gold delivers #6-session consecutive uptrend despite Trading around the Highest level since December #2023 on early Wednesday. Seems like that Gold haven't got intention to alter current gains however remember that these are Inflated values on Gold and as more as Gold is...
Technical analysis: Another test of the Hourly 4 chart’s nearby Support zone of course resulted (not representing surprise anymore) as an aggressive rejection where heavy Buying pressure persists on Gold. As mentioned on my remarks, #2,144.80 - #2,052.80 is Resistance level Gold needs to break to resume the uptrend and extend the Daily chart’s relief rally,...
Technical analysis: Another test of the Hourly 4 chart’s nearby Support zone of course resulted (not representing surprise anymore) as an aggressive rejection where heavy Buying pressure persists on Gold. As mentioned on my remarks, #2,144.80 - #2,052.80 is Resistance level Gold needs to break to resume the uptrend and extend the Daily chart’s relief rally,...