Gold's general commentary: No big surprises so far throughout today’s session as the Price-action is pulling back on an Hourly basis having been rejected just above the Hourly 4 chart’s #1,800.80 Support / psychological barrier, as expected. As I've mentioned previously, Gold is basically Neutral on all charts within roughly #1,795.80 - #1,805.80 Rectangle and...
Gold's general commentary: The Short-term Price-action is Neutral at it’s best as E.U. opening delivered flat movements with Bearish gradient, exactly what I have been expecting. I can spot idle movements on Hourly 4 chart with #1,792.80 clear Support, Gold eventually stopped the uptrend, and it is worth noting that both correlating assets are working favorably...
Gold's general commentary: The Short-term Price-action is Neutral at it’s best as E.U. opening delivered flat movements with Bearish gradient, exactly what I have been expecting. I can spot idle movements on Hourly 4 chart with #1,792.80 clear Support, Gold eventually stopped the uptrend, and it is worth noting that both correlating assets are working favorably...
As discussed on my yesterday's commentary:"My position: As I have closed my yesterday's Selling order (outlook) on breakeven, as I have no other alternative than to add strict Risk management on current extreme Volatility Gold is Trading under. My today's session attempt looks like this: Selling order engaged on #1,806.80 variance, calling for #1,785.80 extension....
As discussed on my yesterday's commentary:"My position: As I have closed my yesterday's Selling order (outlook) on breakeven, as I have no other alternative than to add strict Risk management on current extreme Volatility Gold is Trading under. My today's session attempt looks like this: Selling order engaged on #1,806.80 variance, calling for #1,785.80 extension....
Gold's general commentary: Gold broke below the (#1W) Support zone (Weekly chart) and is effectively re-entered the Short-term Bearish territory. With the Hourly 4 configuration offering firm Resistance at #1,816.80, I expect Gold to hit #1,792.80 inside this Week. However, I will be careful with my positioning and keep the Stop-loss a little closer and if...
Gold's general commentary: Gold broke below the (#1W) Support zone (Weekly chart) and is effectively re-entered the Short-term Bearish territory. With the Hourly 4 configuration offering firm Resistance at #1,816.80, I expect Gold to hit #1,792.80 inside this Week. However, I will be careful with my positioning and keep the Stop-loss a little closer and if...
Gold's general commentary: Gold broke the #1,812.80 Hourly 4 chart’s Support and I am now expecting a test of the Hourly 4 chart first Support zone at #1,800.80 and Support zone Lower level at #1,792.80 in extension. With the catalysts of the week reporting later on (no High impact news throughout today's session), I can see consolidation within #1,800.80 -...
Gold's general commentary: Gold broke the #1,812.80 Hourly 4 chart’s Support and I am now expecting a test of the Hourly 4 chart first Support zone at #1,800.80 and Support zone Lower level at #1,792.80 in extension. With the catalysts of the week reporting later on (no High impact news throughout today's session), I can see consolidation within #1,800.80 -...
Gold's general commentary: Gold is on an interesting Technical fractal on the Hourly 4 chart, converted into a Rising Wedge which broke to the downside. The dominant pattern is a clear Channel Up since June #30 Low. However since June #30, the Daily chart’s RSI is Ascending, being on Lower High’s, which is on a Bearish divergence with the actual Spot Price-action...
Gold's general commentary: Gold is on an interesting Technical fractal on the Hourly 4 chart, converted into a Rising Wedge which broke to the downside. The dominant pattern is a clear Channel Up since June #30 Low. However since June #30, the Daily chart’s RSI is Ascending, being on Lower High’s, which is on a Bearish divergence with the actual Spot Price-action...
Gold's general commentary: Despite the aggressive DX Sell-off on Wednesday's U.S. session, Gold’s Daily chart candle managed to close in gains (above #1,827.80) and today's candle is capitalizing on that (# -0.34% so far). Attention is needed as despite the rise on U.S. equities and DX being down only by (# -0.05%), Gold was on a disproportional rise. Assuming...
Gold's general commentary: Despite the aggressive DX Sell-off throughoyt Wednesday's U.S. session, Gold’s Daily chart candle managed to close in gains (above #1,827.80) and today's candle is capitalizing on that (# -0.34% so far). Attention is needed as despite the rise on U.S. equities and DX being down only by (# -0.05%), Gold was on a disproportional rise....
Gold's general commentary: As expected the Hourly 4 chart’s #1,800.80 rejected the Price-action on multiple occasions and the Support zone of #1,800.80 - #1,804.80 haven't been met and so far holds as the strong Support zone on the charts. Gold is not Trading within my projected values but keep in mind that making Medium-term bets on the market is still a bit too...
Gold's general commentary: As expected the Hourly 4 chart’s #1,800.80 rejected the Price-action on multiple occasions and the Support zone of #1,800.80 - #1,804.80 haven't been met and so far holds as the strong Support zone on the charts. Gold is not Trading within my projected values but keep in mind that making Medium-term bets on the market is still a bit too...
Gold's general commentary: As Gold is within Hourly 4 chart consolidation Rectangle, this is very cautious market at the moment. As long as the #92.30 level on DX holds and the Bond Yields continue with their Volatile phase on Weekly chart (#1W), I expect Gold to remain under pressure both on Hourly 1 and Hourly 4 chart. I do expect however the currency...
Gold's general commentary: As Gold is within Hourly 4 chart consolidation Rectangle, this is very cautious market at the moment. As long as the #92.30 level on DX holds and the Bond Yields continue with their Volatile phase on Weekly chart (#1W), I expect Gold to remain under pressure both on Hourly 1 and Hourly 4 chart. I do expect however the currency...
Gold's general commentary: Yesterday’s session Dark Cloud Cover Bearish candlestick formation on the Hourly 4 chart's Double Top was the Technical Selling signal, today's Bond Yields remarks the Fundamental as I expect aggressive Bearish scenario early on throughout today's U.S. session. Due to the elevated Volatility on Hourly 1 chart and the upcoming Support...