Gold's general commentary: There are decent chances for another rejection on Descending trendline taken from recent Top's (September #1), I am looking at possibility of #1,900.80 benchmark test first and later on #1,890's extension as every #3rd rejection on Gold's Descending trendlines form very Bearish formation on the aftermath. Gold always respects it's...
Gold's general commentary: There are decent chances for another rejection on Descending trendline taken from recent Top's (September #1), I am looking at possibility of #1,900.80 benchmark test first and later on #1,890's extension as every #3rd rejection on Gold's Descending trendlines form very Bearish formation on the aftermath. Gold always respects it's...
As discussed throughout my morning's commentary: "My position: Bullish Flag has being formed and invalidated immediately to the downside on a pullback that represents healthy Technical reaction in regards to last week's #5-session consecutive violent rise. Technically, current pullback can extend as Low as #1,912.80 Support in extension which is virtually below...
As discussed throughout my morning's commentary: "My position: Bullish Flag has being formed and invalidated immediately to the downside on a pullback that represents healthy Technical reaction in regards to last week's #5-session consecutive violent rise. Technically, current pullback can extend as Low as #1,912.80 Support in extension which is virtually below...
Technical analysis: I am holding my Selling order (#1,937.80 entry point) as #1,922.80 Support break is crucial within my model as Death Cross will finally be formed on Daily chart (or as close as forming). This is the level where more and more Buyers will participate, adding more Long's and Buying near the Bottom which translates that if #1,922.80 breaks (their...
Technical analysis: I am holding my Selling order (#1,937.80 entry point) as #1,922.80 Support break is crucial within my model as Death Cross will finally be formed on Daily chart (or as close as forming). This is the level where more and more Buyers will participate, adding more Long's and Buying near the Bottom which translates that if #1,922.80 breaks (their...
As discussed throughout my yesterday's session commentary: "My position: Due Labor day in U.S. do not expect much from today's session. Therefore, I am ready with my capital to re-Sell Gold aggressively throughout tomorrow's session for equal Profit I have made on Friday's session. This time I do expect #1,930.80 - #1,935.80 Support zone to get invalidated." ...
As discussed throughout my yesterday's session commentary: "My position: Due Labor day in U.S. do not expect much from today's session. Therefore, I am ready with my capital to re-Sell Gold aggressively throughout tomorrow's session for equal Profit I have made on Friday's session. This time I do expect #1,930.80 - #1,935.80 Support zone to get invalidated." ...
As discussed throughout my Friday's session commentary: "My position: NFP or not, I do expect Gold to form a Top here as I am holding my Selling order with #1,945.80 entry point. My optimal Target remains #1,930.80 first, then #1,918.80 extension. Break of #1,930.80 sequence will deny all Buying bias of previous #5-session horizon. Technically Gold should already...
As discussed throughout my Friday's session commentary: "My position: NFP or not, I do expect Gold to form a Top here as I am holding my Selling order with #1,945.80 entry point. My optimal Target remains #1,930.80 first, then #1,918.80 extension. Break of #1,930.80 sequence will deny all Buying bias of previous #5-session horizon. Technically Gold should already...
Gold's general commentary: Price-action is circling Ultimate Top zone on Hourly 4 chart and further upside seems Technically very limited. I do not believe that Buyers will manage to soar a lot above #1,952.80 benchmark however Gold's relief rally seemed unstoppable until now, not allowing even #5-point correction in almost #40-point rise. Regardless correction...
Gold's general commentary: Price-action is circling Ultimate Top zone on Hourly 4 chart and further upside seems Technically very limited. I do not believe that Buyers will manage to soar a lot above #1,952.80 benchmark however Gold's relief rally seemed unstoppable until now, not allowing even #5-point correction in almost #40-point rise. Regardless correction...
Gold's general commentary: Gold is kept on Higher levels as Buying signals are constantly appearing. However, Hourly 4 chart is ready to form a Top (temporary or not) as it entered critically Overbought waters. What keeps Gold on such Bullish stance is Yields struggling to make a Bullish comeback. Gold closed the market in Bullish territory and as well I do...
Gold's general commentary: Gold is kept on Higher levels as Buying signals are constantly appearing. However, Hourly 4 chart is ready to form a Top (temporary or not) as it entered critically Overbought waters. What keeps Gold on such Bullish stance is Yields struggling to make a Bullish comeback. Gold closed the market in Bullish territory and as well I do...
Technical analysis: The #1,930.80 formed Resistance now turned in Support is recently crossed and Gold is now Technically ready to accomplish new local Low's. This will be essentially a Lower Low's Upper zone first on Descending Channel validating my expectation of an #10 to #15 point Trading range (Rectangle) on however aggressive pace for the next #1 - #3...
Technical analysis: The #1,930.80 formed Resistance now turned in Support is recently crossed and Gold is now Technically ready to accomplish new local Low's. This will be essentially a Lower Low's Upper zone first on Descending Channel validating my expectation of an #10 to #15 point Trading range (Rectangle) on however aggressive pace for the next #1 - #3...
Fundamental analysis: Bond Yields broken the Daily chart's Resistance and aren't Trading on heavy losses late last week (found the Support), however Gold was not reacting and losing more out of that configuration as unfortunate counter trend rally to the downside is not visible. However, as soon as Yields reverse even Higher again, Gold should follow downwards...
Fundamental analysis: Bond Yields broken the Daily chart's Resistance and aren't Trading on heavy losses late last week (found the Support), however Gold was not reacting and losing more out of that configuration as unfortunate counter trend rally to the downside is not visible. However, as soon as Yields reverse even Higher again, Gold should follow downwards...