As discussed on my morning's commentary:" My position: As I am not interested in Buying on Short-term, I ruled out every Buying reversal. I will Sell on spot if #1,830.80 breaks, calling for #1,805.80 extension. Since I am more than satisfied with my Yearly Profits, my margin will allow me wider Stop-loss." I have closed my Selling order with decent Profits...
Gold's general commentary: According to my calculations October #29 - November #9 fractal should work in my favor as Gold always repeats it’s cycles. Today’s session configuration will most likely conclude final Buying pressure session of this Buying Price-action leg. Gold rise on the NFP aftermath came as no surprise and even reached the middle extension of...
Gold's general commentary: According to my calculations October #29 - November #9 fractal should work in my favor as Gold always repeats it’s cycles. Today’s session configuration will most likely conclude final Buying pressure session of this Buying Price-action leg. Gold rise on the NFP aftermath came as no surprise and even reached the middle extension of...
Gold's general commentary: Gold is now close not only to the Higher High’s trendline of the Daily chart’s solid Channel Up that started after March #8 - #31 Double Bottom, and Selling sequence can extend towards the Medium-term Support representing the #1,678.80 possible extension / June #8 Lower Low. That level has held both on #June #8 and as well as twice...
Gold's general commentary: Gold is now close not only to the Higher High’s trendline of the Daily chart’s solid Channel Up that started after March #8 - #31 Double Bottom, and Selling sequence can extend towards the Medium-term Support representing the #1,678.80 possible extension / June #8 Lower Low. That level has held both on #June #8 and as well as twice...
Gold's general commentary: All in all, Buyers took control as indeed Gold is Trading on a healthy Channel Up regarding Hourly 4 chart, as it has solid potential to extend the upwards movement beyond #1,827.80 Resistance. Gold is extended it’s rebound following the better than expected Fundamental readings throughout the week (except Yellen’s talk), breaking the...
Gold's general commentary: All in all, Buyers took control as indeed Gold is Trading on a healthy Channel Up regarding Hourly 4 chart, as it has solid potential to extend the upwards movement beyond #1,827.80 Resistance. Gold is extended it’s rebound following the better than expected Fundamental readings throughout the week (except Yellen’s talk), breaking the...
As discussed on my morning's commentary:" My position: As noted above, I am keeping my Buying orders I engaged on #1,786.80 Resistance break which are currently Trading on decent Profits (moved the SL on breakeven to prevent unexpected scenarios). I will let it run and will add more Buying orders, Targeting #1,817.80 if #1,798.80 breaks, calling for #3rd...
As discussed on my morning's commentary:" My position: As noted above, I am keeping my Buying orders I engaged on #1,786.80 Resistance break which are currently Trading on decent Profits (moved the SL on breakeven to prevent unexpected scenarios). I will let it run and will add more Buying orders, Targeting #1,817.80 if #1,798.80 breaks, calling for #3rd...
As discussed on my yesterday's commentary: " However, as discussed above, I will approach with extreme care and breakout points: If #1,786.80, it can pave the way towards #1,797.80 Resistance where I will add more Buying orders if breaks, riding Buying wave already from #1,786.80 with my Buying orders." Gold's general commentary: Ranged Price-action came as...
As discussed on my yesterday's commentary: " However, as discussed above, I will approach with extreme care and breakout points: If #1,786.80, it can pave the way towards #1,797.80 Resistance where I will add more Buying orders if breaks, riding Buying wave already from #1,786.80 with my Buying orders." Gold's general commentary: Ranged Price-action came as...
Gold's general commentary: Gold had a Double Top formation (Xau-Usd in my focus) on yesterday's Asian market opening and Naturally the market reacted with a rejection. The pullback could extend as Low as the Support on Daily chart which is currently Trading at #1,769.80 and if broken, #1,763.80 in extension before new Short-term Buyers appear. The real...
Gold's general commentary: Gold had a Double Top formation (Xau-Usd in my focus) on yesterday's Asian market opening and Naturally the market reacted with a rejection. The pullback could extend as Low as the Support on Daily chart which is currently Trading at #1,769.80 and if broken, #1,763.80 in extension before new Short-term Buyers appear. The real...
Gold's general commentary: Gold was Trading on gains after #3 consecutive sessions of losing streak. My much anticipated Weekly catalysts both reported better than expected numbers (with the unchanged rate on Fed minutes), which should have a rather mixed effect on Gold. Though the impact is positive for DX (and Gold in turn), the DX theoretically is on Neutral...
Gold's general commentary: Gold was Trading on gains after #3 consecutive sessions of losing streak. My much anticipated Weekly catalysts both reported better than expected numbers (with the unchanged rate on Fed minutes), which should have a rather mixed effect on Gold. Though the impact is positive for DX (and Gold in turn), the DX theoretically is on Neutral...
As discussed on my morning's commentary:" My position: I am currently on sidelines without taking excessive risks. I will Buy Gold only if #1,786.80 Resistance breaks, calling for #1,800.80 psychological barrier extension." I have closed my breakout Buying order with decent Profits (#1,786.80 - #1,797.80) as #11 point Profit was more than enough for today's...
As discussed on my morning's commentary:" My position: I am currently on sidelines without taking excessive risks. I will Buy Gold only if #1,786.80 Resistance breaks, calling for #1,800.80 psychological barrier extension." I have closed my breakout Buying order with decent Profits (#1,786.80 - #1,797.80) as #11 point Profit was more than enough for today's...
Gold's general commentary: Despite the strong Bearish candle sequence on the Bond Yields, Gold remains Neutral and above my Support for the day as the U.S. session approaches and Congress tensions resurface. However, #1,792.80 is new/old Resistance zone made by the Hourly 4 candlestick configuration, followed by #1,800.80 psychological barrier. Gold is pulling...