Gold's general commentary: Critical Support zone was in reach of a hand on yesterday's E.U. session and to prevent full scale oscillation towards #1.900.80 benchmark invalidating multi-Month Bullish cycle on Gold's Daily chart, DX was manually Lowered in form of an takedown from market speculators. Technical analysis: Gold is on an interesting Technical...
Gold's general commentary: Critical Support zone was in reach of a hand on yesterday's E.U. session and to prevent full scale oscillation towards #1.900.80 benchmark invalidating multi-Month Bullish cycle on Gold's Daily chart, DX was manually Lowered in form of an takedown from market speculators. Technical analysis: Gold is on an interesting Technical...
Gold's general commentary: Spectacular session yesterday where Gold was contained within Neutral Rectangle, progressively delivering Intra-day Buy / Sell opportunities which I utilized to it's maximum. The Price-action made a session High so far at #1,970.80 contained within my Neutral Rectangle but is seen falling since after a Doji Start Bearish candle on...
Gold's general commentary: Spectacular session yesterday where Gold was contained within Neutral Rectangle, progressively delivering Intra-day Buy / Sell opportunities which I utilized to it's maximum. The Price-action made a session High so far at #1,970.80 contained within my Neutral Rectangle but is seen falling since after a Doji Start Bearish candle on...
Technical analysis: The current set-up on the Daily chart is still a solid Descending Channel (able to deliver Head and Shoulders pattern) with the #1,962.80 - #1,965.80 Resistance zone rejecting the uptrend and well Resisting the Buying pressure from Fundamental news and correlating assets (DX mostly filling the Gap). Right now the Price-action is near the Lower...
Technical analysis: The current set-up on the Daily chart is still a solid Descending Channel (able to deliver Head and Shoulders pattern) with the #1,962.80 - #1,965.80 Resistance zone rejecting the uptrend and well Resisting the Buying pressure from Fundamental news and correlating assets (DX mostly filling the Gap). Right now the Price-action is near the Lower...
As discussed throughout my morning's commentary: "My position: I do not have much to add to current week's sequence as market speculators manually prevented the downtrend even though there are many Bearish factors which could easily drag the Price-action widely below #1,900.80 benchmark, however Bearish bias is not negated just postponed. I expect today's session...
As discussed throughout my morning's commentary: "My position: I do not have much to add to current week's sequence as market speculators manually prevented the downtrend even though there are many Bearish factors which could easily drag the Price-action widely below #1,900.80 benchmark, however Bearish bias is not negated just postponed. I expect today's session...
Fundamental analysis: Descending Channel on Hourly 4 chart was discontinued as there is an attempt on the same chart to develop Ascending Channel and extend the #3-session relief rally above #1,991.80 strong Resistance level. My action plan remains intact as I will continue operating with Selling orders as long as #1,991.80 - #2,000.80 Resistance zone holds (so...
Fundamental analysis: Descending Channel on Hourly 4 chart was discontinued as there is an attempt on the same chart to develop Ascending Channel and extend the #3-session relief rally above #1,991.80 strong Resistance level. My action plan remains intact as I will continue operating with Selling orders as long as #1,991.80 - #2,000.80 Resistance zone holds (so...
Technical analysis: As discussed, as long as #1,952.80 psychological benchmark holds, Gold is more likely to push towards #1,960.80 - #1,970.80 extension delivering Higher Low’s Upper zone test, invalidating the Hourly 4 chart's Ascending Channel. Current Trading week is packed with unexpected spikes, so Technically the real trend will be revealed after those,...
Technical analysis: As discussed, as long as #1,952.80 psychological benchmark holds, Gold is more likely to push towards #1,960.80 - #1,970.80 extension delivering Higher Low’s Upper zone test, invalidating the Hourly 4 chart's Ascending Channel. Current Trading week is packed with unexpected spikes, so Technically the real trend will be revealed after those,...
Gold's general commentary: Sell rally isn't just Technical but is also due to the very Bearish (for extending the hawkish stance) Debt ceiling Fundamental negotiations and polemic. Overall on the Short-term Gold is very Bearish due to the anticipating new Debt ceiling package and every such surge is distinguished Selling opportunity (thus DX continues the Bullish...
Gold's general commentary: Sell rally isn't just Technical but is also due to the very Bearish (for extending the hawkish stance) Debt ceiling Fundamental negotiations and polemic. Overall on the Short-term Gold is very Bearish due to the anticipating new Debt ceiling package and every such surge is distinguished Selling opportunity (thus DX continues the Bullish...
Fundamental analysis: Gold was Trading on #2-session row of sideways motion for the first time since May #14. Same Hourly 4 chart’s sequence was delivered then when May #14 - May #16 Triangle was invalidated to the downside, led to the aggressive (# -3.85%) slide in #13 sessions. Right now same Triangle is formed and market has to pick a side and since pattern is...
Fundamental analysis: Gold was Trading on #2-session row of sideways motion for the first time since May #14. Same Hourly 4 chart’s sequence was delivered then when May #14 - May #16 Triangle was invalidated to the downside, led to the aggressive (# -3.85%) slide in #13 sessions. Right now same Triangle is formed and market has to pick a side and since pattern is...
Technical analysis: As end of the session approached (market closing throughout yesterday's session), Gold seemingly printed (#2nd in a row) Bearish Hourly 4 chart’s candle (# -0.88% Selling gradient). On a side-note, this marks one of the biggest Hourly 4 chart’s #3 - #4 candle Bearish cohesion in #10 sessions (May #15). The Weekly candle (#1W) closes on a near...
Technical analysis: As end of the session approached (market closing throughout yesterday's session), Gold seemingly printed (#2nd in a row) Bearish Hourly 4 chart’s candle (# -0.88% Selling gradient). On a side-note, this marks one of the biggest Hourly 4 chart’s #3 - #4 candle Bearish cohesion in #10 sessions (May #15). The Weekly candle (#1W) closes on a near...