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...
Gold's general commentary: The Resistance broke throughout Friday's session but shortly after Gold rebounded and is currently within the (former) #1,792.80 - #1,800.80 Resistance zone fractal. The Hourly 4 chart was at it’s Highest since pressure point on more than #4 occasions since June #27 as Daily chart’s Neutral values are well preserved, able to convert to...
Gold's general commentary: The Resistance broke throughout Friday's session but shortly after Gold rebounded and is currently within the (former) #1,792.80 - #1,800.80 Resistance zone fractal. The Hourly 4 chart was at it’s Highest since pressure point on more than #4 occasions since June #27 as Daily chart’s Neutral values are well preserved, able to convert to...
Gold's general commentary: Current strong critically Overbought levels are nothing more than a product of Fundamental pressure - mix of Bond Yields near #4-Month Low’s and uncertainty of the Fed about tapering and future rate change in battle against Inflation (which is probably drawn out of general indecisiveness of the Fed chair and Central banks interests for...
Gold's general commentary: Current strong critically Overbought levels are nothing more than a product of Fundamental pressure - mix of Bond Yields near #4-Month Low’s and uncertainty of the Fed about tapering and future rate change in battle against Inflation (which is probably drawn out of general indecisiveness of the Fed chair and Central banks interests for...
Gold's general commentary: Technically, Daily chart turned from Bearish to Neutral as I still don’t see recovery continuation signs. If E.U. opening don’t disappoint tomorrow (Neutral or Bearish) and delivers what I am expecting, there is optimal possibility for #35 point Intra-day dip as U.S. session approaches (if Bond Yields start recovering the #4-Month...
Gold's general commentary: Technically, Daily chart turned from Bearish to Neutral as I still don’t see recovery continuation signs. If E.U. opening don’t disappoint tomorrow (Neutral or Bearish) and delivers what I am expecting, there is optimal possibility for #35 point Intra-day dip as U.S. session approaches (if Bond Yields start recovering the #4-Month...
As discussed on my yesterday's commentary: "Gold can test #1,800.80 psychological barrier and extend the recovery towards #1,812.80, which is the furthest as I can see it at the moment. Traders who are willing to take risks, they can engage the Buying position (with Stop-loss not more than #8 points) and move the Stop-loss in Profit every $4 points up." Traders...
As discussed on my yesterday's commentary: "Gold can test #1,800.80 psychological barrier and extend the recovery towards #1,812.80, which is the furthest as I can see it at the moment. Traders who are willing to take risks, they can engage the Buying position (with Stop-loss not more than #8 points) and move the Stop-loss in Profit every $4 points up." Traders...
Gold's general commentary: Gold has made an important Bullish step towards full scale Hourly 1 chart reversal as it almost recovered the #1,795.80 pressure point. That makes Hourly 4 chart practically Neutral but leaning more to the Bullish side, well Supported at #1,770’s, which has held on multiple occasions. Hourly 4 is still Neutral as said, but broken...
Gold's general commentary: Gold has made an important Bullish step towards full scale Hourly 1 chart reversal as it almost recovered the #1,795.80 pressure point. That makes Hourly 4 chart practically Neutral but leaning more to the Bullish side, well Supported at #1,770’s, which has held on multiple occasions. Hourly 4 is still Neutral as said, but broken...
Gold's general commentary: No changes on the Daily perspective as the Price-action remains ranged above the Hourly 4 chart's #1,770.80 Support and below the #1,792.80 Resistance. As the market is waiting for a catalyst (either next week's Fundamentals or NFP), I see no alternative under such a Neutral Hourly 4 setting but to remain on sidelines and wait for an...
Gold's general commentary: No changes on the Daily perspective as the Price-action remains ranged above the Hourly 4 chart's #1,770.80 Support and below the #1,792.80 Resistance. As the market is waiting for a catalyst (either next week's Fundamentals or NFP), I see no alternative under such a Neutral Hourly 4 setting but to remain on sidelines and wait for an...
Gold's general commentary: After careful observation of market closing and early E.U. session and Fundamentals beating their forecasts, Price-action kept rising on U.S. session opening Bell, almost activating my #1,727.80 deep Selling order. This Technical setup most likely gives me a hint that Gold is on the verge of new Bearish cycle as my fair estimations are...
Gold's general commentary: After careful observation of market closing and early E.U. session and Fundamentals beating their forecasts, Price-action kept rising on U.S. session opening Bell, almost activating my #1,727.80 deep Selling order. This Technical setup most likely gives me a hint that Gold is on the verge of new Bearish cycle as my fair estimations are...
As discussed on my June #28 commentary: "My position: As I am not interested in Buying Gold on both Short and Medium-term, therefore I engaged my Selling order on #1,778.80, calling for #1,747.80 extension. My Stop-loss is set a bit wider since my margin allows, as I am on #13 Profits row and #2 Stop-loss hits regarding May - June fractal . I am expecting...
As discussed on my June #28 commentary: "My position: As I am not interested in Buying Gold on both Short and Medium-term, therefore I engaged my Selling order on #1,778.80, calling for #1,747.80 extension. My Stop-loss is set a bit wider since my margin allows, as I am on #13 Profits row and #2 Stop-loss hits regarding May - June fractal . I am expecting...
Gold's general commentary: This week’s Fundamentals missed their estimates by a respectable margin and the DX is already pulling back on a strong Bearish Daily candle. Bond Yields also follow that decline and the only reason Gold hasn't acted according to it's negative correlation is the consolidation of Investors capital on High levels. Soon enough I am...