As discussed throughout my yesterday's session commentary: "My position: When you are unsure of the Medium-term direction on Gold always look for clues on DX and Trade accordingly. Even though DX still remains weak, #1,961.80 - #1,963.80 is excellent Selling area which I will utilize by Selling at current market price towards #1,942.80 contact point and strong...
As discussed throughout my yesterday's session commentary: "My position: When you are unsure of the Medium-term direction on Gold always look for clues on DX and Trade accordingly. Even though DX still remains weak, #1,961.80 - #1,963.80 is excellent Selling area which I will utilize by Selling at current market price towards #1,942.80 contact point and strong...
As discussed throughout my yesterday's session commentary: "My position: I will keep utilizing Selling every Top's strategy (for #3-Month fractal now) as my Selling order engaged on Friday's session is still active (#1,958.80 entry point) as it is very important that market closed below #1,957.80 sequence. DX is my main chart for now and look for pointers there...
As discussed throughout my yesterday's session commentary: "My position: I will keep utilizing Selling every Top's strategy (for #3-Month fractal now) as my Selling order engaged on Friday's session is still active (#1,958.80 entry point) as it is very important that market closed below #1,957.80 sequence. DX is my main chart for now and look for pointers there...
Technical analysis: Even though Technically Gold should Trade below #1,952.80 benchmark already, DX is still below #103.600 Support for the fractal which is not letting Gold decline more. So far #2-positions not materialized as market delivers aggressive Support fractal rejections making me without #20-point Profit or more. Regardless, I will stick to my model as...
Technical analysis: Even though Technically Gold should Trade below #1,952.80 benchmark already, DX is still below #103.600 Support for the fractal which is not letting Gold decline more. So far #2-positions not materialized as market delivers aggressive Support fractal rejections making me without #20-point Profit or more. Regardless, I will stick to my model as...
Technical analysis: DX extends recent losses with non-stop decline since July #6 in form of series containing Engulfing Bearish Deliberation candlesticks. The Bull Flag on Hourly 4 chart was invalidated to the upside as the Hourly 4 chart's healthy Ascending Channel Lower High's Lower zone is pushing towards #1,962.80 - #1,966.80 pressure points. Keep in mind...
Technical analysis: DX extends recent losses with non-stop decline since July #6 in form of series containing Engulfing Bearish Deliberation candlesticks. The Bull Flag on Hourly 4 chart was invalidated to the upside as the Hourly 4 chart's healthy Ascending Channel Lower High's Lower zone is pushing towards #1,962.80 - #1,966.80 pressure points. Keep in mind...
As discussed throughout my yesterday's session commentary: "My position: I am still holding my Selling order engaged on #1,932.80, Targeting #1,900.80 extension. Even if Price-action breaks Bullish threshold, I do expect Bullish reversal to remain short-lived. All eyes on CPI today which may deliver both numbers due dovish stance from Fed chair. Do not Trade the...
As discussed throughout my yesterday's session commentary: "My position: I am still holding my Selling order engaged on #1,932.80, Targeting #1,900.80 extension. Even if Price-action breaks Bullish threshold, I do expect Bullish reversal to remain short-lived. All eyes on CPI today which may deliver both numbers due dovish stance from Fed chair. Do not Trade the...
Technical analysis: Trading continues on very Low rate and Volatility on most levels is easing. Since #1,932.80 got invalidated throughout yesterday's session, Bullish pattern on Hourly 4 chart reversed the Price-action towards #1,938.80 session High’s and besides Buying pressure evident throughout the session, that was maximum for Buyers (at least for today)....
Technical analysis: Trading continues on very Low rate and Volatility on most levels is easing. Since #1,932.80 got invalidated throughout yesterday's session, Bullish pattern on Hourly 4 chart reversed the Price-action towards #1,938.80 session High’s and besides Buying pressure evident throughout the session, that was maximum for Buyers (at least for today)....
As discussed throughout my yesterday's session commentary: "My position: My Selling order which was engaged on #1,917.80 triggered the #1,927.80 Stop-loss however I have engaged new Selling order on #1,931.80 (throughout last Friday's session) which I will keep in order of testing and breaking first Support for the fractal which will confirm once again the fair...
As discussed throughout my yesterday's session commentary: "My position: My Selling order which was engaged on #1,917.80 triggered the #1,927.80 Stop-loss however I have engaged new Selling order on #1,931.80 (throughout last Friday's session) which I will keep in order of testing and breaking first Support for the fractal which will confirm once again the fair...
Technical analysis: Gold is under unprecedented Volatility on current session with Gold and the Futures price on a tight spread. This is of course the product of heavy speculation in the Metals market, fuelled by the expectation that the Fed’s new talks and stances. Regardless, this environment is not Gold friendly. I saw current Intra-day recovery on Friday's...
Technical analysis: Gold is under unprecedented Volatility on current session with Gold and the Futures price on a tight spread. This is of course the product of heavy speculation in the Metals market, fuelled by the expectation that the Fed’s new talks and stances. Regardless, this environment is not Gold friendly. I saw current Intra-day recovery on Friday's...
As discussed throughout my yesterday's session commentary: "My position: As it is evident above, I do not have any interest to Buy Gold at least for July's cycle (even on Intra-day basis) as multi-Month Bearish cycle is ahead on Gold. I will await another re-Sell opportunity from one of my Sell points and Sell Gold on Spot towards #1,908.80 Support first, and if...
As discussed throughout my yesterday's session commentary: "My position: As it is evident above, I do not have any interest to Buy Gold at least for July's cycle (even on Intra-day basis) as multi-Month Bearish cycle is ahead on Gold. I will await another re-Sell opportunity from one of my Sell points and Sell Gold on Spot towards #1,908.80 Support first, and if...