Technical analysis: As expected Gold broke the #2,400.80 barrier (posing as an Resistance area / psychological benchmark in the same manner) and quickly retraced and Sold back the Price below it (delivering almost #100-point instant correction) and in my opinion if the current Hourly 4 candle (which is the breakout candle) breaks the #2,332.80 - #2,342.80 Support...
Technical analysis: As expected Gold broke the #2,400.80 barrier (posing as an Resistance area / psychological benchmark in the same manner) and quickly retraced and Sold back the Price below it (delivering almost #100-point instant correction) and in my opinion if the current Hourly 4 candle (which is the breakout candle) breaks the #2,332.80 - #2,342.80 Support...
Technical analysis: The strong (once again Fundamentally driven) bounce near Bottom (my -re-Sell zone) throughout yesterday’s session wasn’t evidently enough to break the Daily chart’s neckline downwards. Support zone acted as an rebound (as many times in near past) point however current relentless Buying sequence first aims at the #2,400.80 psychological...
Technical analysis: The strong (once again Fundamentally driven) bounce near Bottom (my -re-Sell zone) throughout yesterday’s session wasn’t evidently enough to break the Daily chart’s neckline downwards. Support zone acted as an rebound (as many times in near past) point however current relentless Buying sequence first aims at the #2,400.80 psychological...
Fundamental analysis: The DX did approach the #104.000 Support (psychological benchmark) zone but Gold remained more or less stationary on Hourly 4 chart, highlighting heavy Buying pressure it is under. Besides strong Selling Intra-day impulse (Selling remains with relatively Low Volume), Gold found Buyers near #2,300's many times which represents Higher High’s...
Fundamental analysis: The DX did approach the #104.000 Support (psychological benchmark) zone but Gold remained more or less stationary on Hourly 4 chart, highlighting heavy Buying pressure it is under. Besides strong Selling Intra-day impulse (Selling remains with relatively Low Volume), Gold found Buyers near #2,300's many times which represents Higher High’s...
Technical analysis: The Price-action instantly surged as despite the Inflation PCE outcome, the DX remains more Neutral than Bullish for the session, however appears to be reversing on a Hourly 4 chart’s series of Engulfing Bullish candles (I advised it should rise gradually within #10 sessions, not remaining isolated within Neutral values). In addition regarding...
Technical analysis: The Price-action instantly surged as despite the Inflation PCE outcome, the DX remains more Neutral than Bullish for the session, however appears to be reversing on a Hourly 4 chart’s series of Engulfing Bullish candles (I advised it should rise gradually within #10 sessions, not remaining isolated within Neutral values). In addition regarding...
My position: I have engaged new Selling order with #2,302.80 entry point (optimal Target remains #2,252.80 benchmark which will be certainly met if my Support zone breaks. Gold is seen Trading within Rising Wedge and might collapse aggressively if it breaks to the downside. This is officially #500-point uptrend on Gold within #5-Month time, rarely seen on Gold...
My position: I have engaged new Selling order with #2,302.80 entry point (optimal Target remains #2,252.80 benchmark which will be certainly met if my Support zone breaks. Gold is seen Trading within Rising Wedge and might collapse aggressively if it breaks to the downside. This is officially #500-point uptrend on Gold within #5-Month time, rarely seen on Gold...
Technical analysis: Gold Naturally found Buyers as heavy Buying pressure is evident on all charts, however DX is on Selling sequence. It is important to note that #2,300.80 benchmark is next Resistance, which is Trading near Weekly (#1W) local High’s as Price-action could find strong rejection there and deny the Buying response in extension. If broken,...
Technical analysis: Gold Naturally found Buyers as heavy Buying pressure is evident on all charts, however DX is on Selling sequence. It is important to note that #2,300.80 benchmark is next Resistance, which is Trading near Weekly (#1W) local High’s as Price-action could find strong rejection there and deny the Buying response in extension. If broken,...
Technical analysis: Another strong Bullish Daily chart candle succession (# +3.87% so far) with non-stop uptrend on Hourly 4 chart's Ascending Channel testing the last Resistance before an aggressive Gap fill above #2,300.80 psychological benchmark. DX was on the #2nd straight Bullish Daily chart's candle however Gold remains disconnected from main correlation...
Technical analysis: Another strong Bullish Daily chart candle succession (# +3.87% so far) with non-stop uptrend on Hourly 4 chart's Ascending Channel testing the last Resistance before an aggressive Gap fill above #2,300.80 psychological benchmark. DX was on the #2nd straight Bullish Daily chart's candle however Gold remains disconnected from main correlation...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,250.80 entry point, optimal Target remains #2,200.80 psychological benchmark and the only line which stands in between is #2,236.80 Support in extension. Gold is bound to give back some gains with aggressive correction ahead." I have closed my Selling...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,250.80 entry point, optimal Target remains #2,200.80 psychological benchmark and the only line which stands in between is #2,236.80 Support in extension. Gold is bound to give back some gains with aggressive correction ahead." I have closed my Selling...
Technical analysis: The Price-action is currently Trading just above the Hourly 4 chart’s #2,236.80 former Resistance now posing as an Support fractal gaining momentum as the DX is still on aggressive uptrend which by all accounts, haven’t got intention to stop. Gold is approaching again the Higher High’s Upper zone trendline, above the Daily chart’s Ascending...
Technical analysis: The Price-action is currently Trading just above the Hourly 4 chart’s #2,236.80 former Resistance now posing as an Support fractal gaining momentum as the DX is still on aggressive uptrend which by all accounts, haven’t got intention to stop. Gold is approaching again the Higher High’s Upper zone trendline, above the Daily chart’s Ascending...