Fundamental analysis: Fed's latest Rate cut announcement delivered mixed message to all asset classes. This lend a Support on Gold chart which pushed the Price-action back to Neutral Rectangle and a clear break in one direction or the other was necessary to determine further market positioning. Next major move on Gold may be in Powell's hearing, as well as data...
Fundamental analysis: Fed's latest Rate cut announcement delivered mixed message to all asset classes. This lend a Support on Gold chart which pushed the Price-action back to Neutral Rectangle and a clear break in one direction or the other was necessary to determine further market positioning. Next major move on Gold may be in Powell's hearing, as well as data...
Gold's general commentary: As for the current Price-action - the current High levels are no cause for alarm, Gold is simply kept High as every #1,927.80 - #1932.80 Medium-term Support rejection somehow delivers instant relief rally which always tests #1,962.80 - #1,966.80 Resistance zone. I am expecting an Technical takedown soon. I spotted that Gold have been...
Gold's general commentary: As for the current Price-action - the current High levels are no cause for alarm, Gold is simply kept High as every #1,927.80 - #1932.80 Medium-term Support rejection somehow delivers instant relief rally which always tests #1,962.80 - #1,966.80 Resistance zone. I am expecting an Technical takedown soon. I spotted that Gold have been...
Gold's general commentary prior to last week: Buying pressure was evident on Gold (currently on relief rally) due DX on non-stop decline since June #5 local peak. Without analysing the fractal more, weak DX is not going in favor to my Short and Medium-term Selling model and it's prolonged weakness is delivering Bullish spikes on Intra-day basis. DX is still...
Gold's general commentary prior to last week: Buying pressure was evident on Gold (currently on relief rally) due DX on non-stop decline since June #5 local peak. Without analysing the fractal more, weak DX is not going in favor to my Short and Medium-term Selling model and it's prolonged weakness is delivering Bullish spikes on Intra-day basis. DX is still...
Technical analysis: #1,927.80 - #1,932.80 continues to offer stiff Suport zone (as #1,925.80 is distinguished as an session Low’s) and in the meantime, Price-action made a Higher Low’s zone with the #1,962.80 - #1,965.80 zone containing the uptrend on Intra-day relief rally on Gold. Support line is seen Trading at #1,952.80 (benchmark which acted as Support and...
Technical analysis: #1,927.80 - #1,932.80 continues to offer stiff Suport zone (as #1,925.80 is distinguished as an session Low’s) and in the meantime, Price-action made a Higher Low’s zone with the #1,962.80 - #1,965.80 zone containing the uptrend on Intra-day relief rally on Gold. Support line is seen Trading at #1,952.80 (benchmark which acted as Support and...
As discussed throughout my yesterday's session commentary: "My position: As stated many times, I will continue Selling every Top that Gold delivers on Daily basis and as I expect Rate to remain unchanged today followed with hawkish stance from Fed chair on the aftermath, current sequence may be enough for Gold to pierce #1,927.80 - #1,932.80 Support zone and Trade...
As discussed throughout my yesterday's session commentary: "My position: As stated many times, I will continue Selling every Top that Gold delivers on Daily basis and as I expect Rate to remain unchanged today followed with hawkish stance from Fed chair on the aftermath, current sequence may be enough for Gold to pierce #1,927.80 - #1,932.80 Support zone and Trade...
CPI Inflation data aftermath commentary: Quadruple Bottom was ready to reject the Intra-day slide, I followed it for us with very careful Stop loss selection. Terrain is well prepared for me to pursue #1,927.80 - #1,932.80 Support in extension followed by #1,900.80 contact point and regardless of the news, I expect Gold to remain heavily pressured on Daily basis....
CPI Inflation data aftermath commentary: Quadruple Bottom was ready to reject the Intra-day slide, I followed it for us with very careful Stop loss selection. Terrain is well prepared for me to pursue #1,927.80 - #1,932.80 Support in extension followed by #1,900.80 contact point and regardless of the news, I expect Gold to remain heavily pressured on Daily basis....
As discussed throughout my morning's commentary: "My position: Critical announcement for the session is CPI Inflation data, regardless I do expect CPI to deliver forecast smaller than expected which may hurt the DX even more. However, Short-term trend remains Bearish so practical suggestion is to Sell every rise that Gold delivers (strategy which I am utilizing on...
As discussed throughout my morning's commentary: "My position: Critical announcement for the session is CPI Inflation data, regardless I do expect CPI to deliver forecast smaller than expected which may hurt the DX even more. However, Short-term trend remains Bearish so practical suggestion is to Sell every rise that Gold delivers (strategy which I am utilizing on...
Gold's general commentary: As Gold is Trading within Hourly 4 chart's mini Neutral Rectangle (isolated inside of bigger proportion Symmetrical Triangle on Hourly 4 chart aswell), this is very cautious market at the moment. Yet again, I see no firm reason for current Buying bias on Gold to be sustainable, as #1,970.80 - #1,973.80 should price in local Top's and...
Gold's general commentary: As Gold is Trading within Hourly 4 chart's mini Neutral Rectangle (isolated inside of bigger proportion Symmetrical Triangle on Hourly 4 chart aswell), this is very cautious market at the moment. Yet again, I see no firm reason for current Buying bias on Gold to be sustainable, as #1,970.80 - #1,973.80 should price in local Top's and...
As discussed throughout my Friday's session commentary: "My position: As my Long-term Selling outlook should be in continuation, Gold made a strong Bullish comeback on the foundation of aggressive takedown on DX as Gold's Buyers are once again rescued by Fundamental announcements as Gold was losing value with every Hourly 4 chart’s candle. Price-action was close...
As discussed throughout my Friday's session commentary: "My position: As my Long-term Selling outlook should be in continuation, Gold made a strong Bullish comeback on the foundation of aggressive takedown on DX as Gold's Buyers are once again rescued by Fundamental announcements as Gold was losing value with every Hourly 4 chart’s candle. Price-action was close...