Gold's general commentary: As discussed, after critical RSI levels and Resistance rejection, Selling sequence should be ahead on Gold. Price-action was currently (throughout June) on the strongest Daily candle since Annual start on Daily % change) and regarding Short-term, #1,896.80 - #1,906.80 formed obvious new Top. That Gold was Overbought and inflated without...
Gold's general commentary: Gold essentially stayed flat from E.U. session opening, as Price-action was held (now twice) on Higher High as all losses (from last week) on Gold are now back on breakeven the opening candle was almost flat. Movement is still within my model and only market closing below #1,887.80 can support sustainable downtrend on Hourly 4 chart, as...
Gold's general commentary: Gold essentially stayed flat from E.U. session opening, as Price-action was held (now twice) on Higher High as all losses (from last week) on Gold are now back on breakeven the opening candle was almost flat. Movement is still within my model and only market closing below #1,887.80 can support sustainable downtrend on Hourly 4 chart, as...
Gold's general commentary: Gold has broken the Hourly 4 chart Channel Up and altered the #4-Week gains on Gold. As Gold didn't recovered the #1,900.80 psychological barrier last week after decent decline, Selling continuation is on the cards, with today's #1,900.80 - #1,904.80 being the Lower High Resistance zone which, if broken can continue the recovery,...
Gold's general commentary: Gold has broken the Hourly 4 chart Channel Up and altered the #4-Week gains on Gold. As Gold didn't recovered the #1,900.80 psychological barrier last week after decent decline, Selling continuation is on the cards, with today's #1,900.80 - #1,904.80 being the Lower High Resistance zone which, if broken can continue the recovery,...
Gold's general commentary: I have closed my set of Selling orders Intra-day throughout Thursday's session (#9 Profits row and #1 Stop-loss hit) and aiming now the #1,850.80 configuration and below with my Selling order engaged few moments ago on #1,883.80 variance. All depends on how Bond Yields will Trade on coming sessions and if U.S. don't disappoint (aiming...
Gold's general commentary: I have closed my set of Selling orders Intra-day throughout Thursday's session (#9 Profits row and #1 Stop-loss hit) and aiming now the #1,850.80 configuration and below with my Selling order engaged few moments ago on #1,883.80 variance. All depends on how Bond Yields will Trade on coming sessions and if U.S. don't disappoint (aiming...
As I am more than satisfied with my #9 Profits run and #1 Stop-loss hit throughout May - June fractal, I will choose to remain on sidelines during NFP Volatility, call it for a session and take an early weekend break without excessive risks. I will use this chance to congratulate Traders once again for following my calls and having patience to hold the orders...
As I am more than satisfied with my #9 Profits run and #1 Stop-loss hit throughout May - June fractal, I will choose to remain on sidelines during NFP Volatility, call it for a session and take an early weekend break without excessive risks. I will use this chance to congratulate Traders once again for following my calls and having patience to hold the orders...
As discussed on my morning's commentary:"My position: As I cannot rule out #1,917.80 Buying extension (since Bond Yields are on parabolic downtrend on Weekly chart (#1W)), I will wait for #1,895.80 configuration break to be certain and engage my Selling orders there (Targeting #1,871.80 or less). I am not interested in Buying on Short-term." I have closed my...
As discussed on my morning's commentary:"My position: As I cannot rule out #1,917.80 Buying extension (since Bond Yields are on parabolic downtrend on Weekly chart (#1W)), I will wait for #1,895.80 configuration break to be certain and engage my Selling orders there (Targeting #1,871.80 or less). I am not interested in Buying on Short-term." I have closed my...
Gold's general outlook: As my Medium-term Selling outlook is in continuation, Gold made a strong Bearish breakout on the foundation of more positive (Yields regarding) Fundamental announcements as market speculators are showing indecision. Price-action was close to reaching the Short-term Resistance of the Higher High (mentioned in my latest comments as #1,917.80...
Gold's general outlook: As my Medium-term Selling outlook is in continuation, Gold made a strong Bearish breakout on the foundation of more positive (Yields regarding) Fundamental announcements as market speculators are showing indecision. Price-action was close to reaching the Short-term Resistance of the Higher High (mentioned in my latest comments as #1,917.80...
Gold's general commentary: So far ranged session without much action - Intra-day within the Hourly 4 chart Channel Up with Higher High’s and Lower High’s intact. It is all about how Bond Yields will Trade in the coming hours (currently Trading above Lower High Resistance), but as long as Gold don't break the Higher High variance of #1,917.80, I expect a new Lower...
Gold's general commentary: So far ranged session without much action - Intra-day within the Hourly 4 chart Channel Up with Higher High’s and Lower High’s intact. It is all about how Bond Yields will Trade in the coming hours (currently Trading above Lower High Resistance), but as long as Gold don't break the Higher High variance of #1,917.80, I expect a new Lower...
As discussed on my morning's commentary: "Bond Yields skyrocketing recovery can alter the Short-term uptrend as I have more confidence in Fundamental side at the moment. I have engaged Selling order on #1,913.80 and will pursue #1,892.80 extension, with my Stop-loss on #1,920.80 (#7 points away) and if my outlook fails, I will continue Buying. I am ready to move...
As discussed on my morning's commentary: "Bond Yields skyrocketing recovery can alter the Short-term uptrend as I have more confidence in Fundamental side at the moment. I have engaged Selling order on #1,913.80 and will pursue #1,892.80 extension, with my Stop-loss on #1,920.80 (#7 points away) and if my outlook fails, I will continue Buying. I am ready to move...
Gold's general commentary: The Daily chart RSI sequence is identical to the February #24 - #27 #2017, which after it almost hit the #MA200, resulted into the aggressive rise to #1,566.80 (was #MA200 then), as I don’t doubt that this will be the case now as Gold historically repeats it’s Cycles as I expect same movement, just on the Bearish side from this point....