Technical analysis: Despite previous critically Bearish configuration (both Technically and Fundamentally), Gold is kept Supported above #2,027.80 - #2,032.80 former Support now turned to Resistance zone and currently on very positive gradient without any viable explanation (at least to me). However I don't expect those to play that big of a role in the coming...
Technical analysis: Despite previous critically Bearish configuration (both Technically and Fundamentally), Gold is kept Supported above #2,027.80 - #2,032.80 former Support now turned to Resistance zone and currently on very positive gradient without any viable explanation (at least to me). However I don't expect those to play that big of a role in the coming...
Technical analysis: Despite always changing structure on DX (# +0.30%), Gold is looking rather strong within the inner layers of the Daily chart’s #2,018.80 - #2,032.80 Higher High’s extension (High's / Low's). Besides rising trend on Bond Yields (Weekly chart’s (#1W) Gap) and Bullish spikes on DX, Gold still hold its’s ground / should be significantly Lower...
Technical analysis: Despite always changing structure on DX (# +0.30%), Gold is looking rather strong within the inner layers of the Daily chart’s #2,018.80 - #2,032.80 Higher High’s extension (High's / Low's). Besides rising trend on Bond Yields (Weekly chart’s (#1W) Gap) and Bullish spikes on DX, Gold still hold its’s ground / should be significantly Lower...
Technical analysis: Lately Traders witnessed (once again) how market speculators have ability to momentarily distort Technical trends as seeming Bearish Hourly 4 chart will close current fractal in Bullish fashion above #2,027.80 strong Resistance (taking in consideration that relief rally started with #1,995.80 Low's rejection (almost #40-point recovery so far)...
Technical analysis: Lately Traders witnessed (once again) how market speculators have ability to momentarily distort Technical trends as seeming Bearish Hourly 4 chart will close current fractal in Bullish fashion above #2,027.80 strong Resistance (taking in consideration that relief rally started with #1,995.80 Low's rejection (almost #40-point recovery so far)...
As discussed throughout my yesterday's session commentary: My position: Therefore, I was forced to close my #1,993.80 Selling order in losses with #10-point Stop while I am still keeping #2,013.80 entry point re-Sell order and added another re-Sell order (#2,022.80 entry point) with Stop on breakeven. #2,000.80 benchmark re-visit would be ideal for my model which...
As discussed throughout my yesterday's session commentary: My position: Therefore, I was forced to close my #1,993.80 Selling order in losses with #10-point Stop while I am still keeping #2,013.80 entry point re-Sell order and added another re-Sell order (#2,022.80 entry point) with Stop on breakeven. #2,000.80 benchmark re-visit would be ideal for my model which...
Technical analysis: Gold is widely underperforming every fair Selling Technical trend and it seems that Price-action tends to deliver more serious decline only followed by critical news which of course will not be sustainable later on like Bullish sequences are. Gold even recovered #2,000.80 benchmark very easily before the news throughout last week and Sellers...
Technical analysis: Gold is widely underperforming every fair Selling Technical trend and it seems that Price-action tends to deliver more serious decline only followed by critical news which of course will not be sustainable later on like Bullish sequences are. Gold even recovered #2,000.80 benchmark very easily before the news throughout last week and Sellers...
Technical analysis: The former Support zone of #2,008.80 - #2,012.80 has turned into a Resistance in a symmetrical manner as it has done throughout January, as Gold is eyeing even Lower levels. First Support line is seen Trading at #2,000.80 benchmark and Support zone in extension is seen Trading at #1,988.80 - #1,992.80 on Hourly 4 chart but looking at the wider...
Technical analysis: The former Support zone of #2,008.80 - #2,012.80 has turned into a Resistance in a symmetrical manner as it has done throughout January, as Gold is eyeing even Lower levels. First Support line is seen Trading at #2,000.80 benchmark and Support zone in extension is seen Trading at #1,988.80 - #1,992.80 on Hourly 4 chart but looking at the wider...
Technical analysis: Classic #1,988.80 - #2,000.80 Keltner Channel Trading session worked quite well today, as the Hourly 4 chart’s Resistance zone paused the uptrend on DX. Price-action continues to be under Intra-day fluctuations in an attempt to price in viable Support and the Resistance. I see no alternative besides this range Intra-day. Above #2,000.80...
Technical analysis: Classic #1,988.80 - #2,000.80 Keltner Channel Trading session worked quite well today, as the Hourly 4 chart’s Resistance zone paused the uptrend on DX. Price-action continues to be under Intra-day fluctuations in an attempt to price in viable Support and the Resistance. I see no alternative besides this range Intra-day. Above #2,000.80...
Technical analysis: My mid-week Target has been met earlier than I expected as Inflation statement improved the DX and Naturally Investors lost interest in Gold. Hourly 4 chart push to the upside lost momentum near the Hourly 1 chart’s Resistance zone of #2,027.80 - #2,032.80. The Volatility is still High however and Gold may look to set a new Support zone first...
Technical analysis: My mid-week Target has been met earlier than I expected as Inflation statement improved the DX and Naturally Investors lost interest in Gold. Hourly 4 chart push to the upside lost momentum near the Hourly 1 chart’s Resistance zone of #2,027.80 - #2,032.80. The Volatility is still High however and Gold may look to set a new Support zone first...
As discussed throughout my morning's commentary: "My position: I have Sold Gold throughout yesterday's session which delivered #12-point Profit and left my capital ready for today's session. It was too early to engage ahead of CPI events today however due #2,027.80 representing first level of Resistance, I Sold there (#2,027.80) few moments before with #2,000.80...
As discussed throughout my morning's commentary: "My position: I have Sold Gold throughout yesterday's session which delivered #12-point Profit and left my capital ready for today's session. It was too early to engage ahead of CPI events today however due #2,027.80 representing first level of Resistance, I Sold there (#2,027.80) few moments before with #2,000.80...