Gold's general commentary: Important session on Gold ahead as it is finally testing Selling Higher Low’s trendline, which initially started with the July #31 Lower High’s (and then made Lower High’s Lower zone on August #1 and August #2). If today's session Daily chart candle closes below #1,927.80 sequence, Gold may start new multi-Month Bearish pattern that...
Gold's general commentary: Important session on Gold ahead as it is finally testing Selling Higher Low’s trendline, which initially started with the July #31 Lower High’s (and then made Lower High’s Lower zone on August #1 and August #2). If today's session Daily chart candle closes below #1,927.80 sequence, Gold may start new multi-Month Bearish pattern that...
Gold's general commentary: As expected, Gold once again honored it’s DX correlation (main one I have at the moment) and has been rebounding strongly since yesterday’s session, replicating the upwsing from #100.200 Bottom sequence. However, as long as Gold's Daily chart remains critically Bearish and Hourly 4 chart even more, there is always a chance (small...
Gold's general commentary: As expected, Gold once again honored it’s DX correlation (main one I have at the moment) and has been rebounding strongly since yesterday’s session, replicating the upwsing from #100.200 Bottom sequence. However, as long as Gold's Daily chart remains critically Bearish and Hourly 4 chart even more, there is always a chance (small...
Post Fed commentary: Gold was struggling to get past #1,980's with all Bullish factors involved and if market speculators aimed for #2,000.80 benchmark or more, Gold should already Trade above with such Fed outcome. The economy is doing better, rates will not be changed until September and Gold should lose it's appeal and interest among the Investors (making it...
Post Fed commentary: Gold was struggling to get past #1,980's with all Bullish factors involved and if market speculators aimed for #2,000.80 benchmark or more, Gold should already Trade above with such Fed outcome. The economy is doing better, rates will not be changed until September and Gold should lose it's appeal and interest among the Investors (making it...
As discussed throughout my morning's commentary: "My position: I am awaiting chance to re-Sell Gold and most likely I will do that as close as #1,985.80 ahead of GDP throughout the session. It is important to note that these are final Bullish sessions for the fractal, however if DX extends the slide, Selling Gold will not be invalidated, just postponed. Gold still...
As discussed throughout my morning's commentary: "My position: I am awaiting chance to re-Sell Gold and most likely I will do that as close as #1,985.80 ahead of GDP throughout the session. It is important to note that these are final Bullish sessions for the fractal, however if DX extends the slide, Selling Gold will not be invalidated, just postponed. Gold still...
Fed commentary: Second in a row dovish surprise on Fed's press conference. It is now very easy to explain whole concept of Buying pressure throughout the session as large Investment groups already knew the outcome of the Fed and kept their pending Buying orders. I am personally very surprised as I was expecting Gold to be sent towards #1,952.80 once again....
Fed commentary: Second in a row dovish surprise on Fed's press conference. It is now very easy to explain whole concept of Buying pressure throughout the session as large Investment groups already knew the outcome of the Fed and kept their pending Buying orders. I am personally very surprised as I was expecting Gold to be sent towards #1,952.80 once again....
Technical analysis: Productive session for both Buyers and Sellers as Gold remains moderately Bullish on Intra-day level and the Hourly 4 chart is still respecting my #1,982.80 - #1,962.80 estimated isolation range. DX was on slight rise which was instantly Sold back (keeping Gold both Bullish and Bearish but on High levels in comparison with start of the Trading...
Technical analysis: Productive session for both Buyers and Sellers as Gold remains moderately Bullish on Intra-day level and the Hourly 4 chart is still respecting my #1,982.80 - #1,962.80 estimated isolation range. DX was on slight rise which was instantly Sold back (keeping Gold both Bullish and Bearish but on High levels in comparison with start of the Trading...
As discussed throughout my yesterday's session commentary: "My position: Following the #1,985.80 local High's rejection, the Price-action pulled back on a Daily chart's Engulfing Bearish candle, making an expected Bottom at #1,960.80 - #1,962.80. This doesn't alter my perspective and I am not concerned if I miss any potential upside correction leg towards...
As discussed throughout my yesterday's session commentary: "My position: Following the #1,985.80 local High's rejection, the Price-action pulled back on a Daily chart's Engulfing Bearish candle, making an expected Bottom at #1,960.80 - #1,962.80. This doesn't alter my perspective and I am not concerned if I miss any potential upside correction leg towards...
Technical analysis: Gold is still consolidating just below the #1,970’s local Top’s (Lower High’s trendline) but still above the Hourly 4 chart’s Support zone. #1,982.80 - #1,985.80 is an ultimate Top at the moment since, acting as an strong Resistance - rejected the Price-action on multiple occasions and offered market closing below it many times in a row now,...
Technical analysis: Gold is still consolidating just below the #1,970’s local Top’s (Lower High’s trendline) but still above the Hourly 4 chart’s Support zone. #1,982.80 - #1,985.80 is an ultimate Top at the moment since, acting as an strong Resistance - rejected the Price-action on multiple occasions and offered market closing below it many times in a row now,...
As discussed on my Wednesday's session commentary: "My position: Market just gives then takes back on past few Trades however I really don't mind. Even though there is possibility of new #8 - #10 point spike upwards before full oscillation towards #1,952.80 benchmark and #1,942.80 Support in extension, I engaged new Selling order on #1,982.80 with #1,952.80 as my...
As discussed on my Wednesday's session commentary: "My position: Market just gives then takes back on past few Trades however I really don't mind. Even though there is possibility of new #8 - #10 point spike upwards before full oscillation towards #1,952.80 benchmark and #1,942.80 Support in extension, I engaged new Selling order on #1,982.80 with #1,952.80 as my...