goldenBear88

goldenBear88

Gold's general commentary: Gold is in the middle of the #10-Month Zone made by the last consolidation phase (April #15 - June #15) before it made it’s August peak. As discussed before, that High Volatility Zone is the Medium-term Support Zone. On a Short-term perspective on the Hourly 4 chart, there is an interesting development with the RSI indicator on a...

goldenBear88

Gold's general commentary: Gold remains Bearish on a Hourly 4 basis and will continue to do so as long as the Daily chart #MA50 is holding. The Higher Low zone since January #11 is about to break for the first time if Gold close a full Daily chart candle above #1,744.80, or typically break #1,750.80 April #7 High. I will wait for area to be engulfed and then make...

goldenBear88

Gold's general commentary: Gold remains Bearish on a Hourly 4 basis and will continue to do so as long as the Daily chart #MA50 is holding. The Higher Low zone since January #11 is about to break for the first time if Gold close a full Daily chart candle above #1,744.80, or typically break #1,750.80 April #7 High. I will wait for area to be engulfed and then make...

goldenBear88

Gold's general commentary: The Price-action is now below the #1,750.80 Resistance gaining Selling momentum as the DX is Trading on a small recovery, as expected. Gold is approaching again the Lower Low’s trendline of the Daily chart’s wide Channel Down, slightly near the MA’s on Hourly 4 chart, which could be a messenger of a Bearish continuation. Buyer’s efforts...

goldenBear88

Gold's general commentary: The Price-action is now below the #1,750.80 Resistance gaining Selling momentum as the DX is Trading on a small recovery, as expected. Gold is approaching again the Lower Low’s trendline of the Daily chart’s wide Channel Down, slightly near the MA’s on Hourly 4 chart, which could be a messenger of a Bearish continuation. Buyer’s efforts...

goldenBear88

Gold's general commentary: Interesting turn of the events on the Short-term, as Gold was rejected strongly within the Resistance zone late last week, as DX is on a Short-term recovery. #1,730.80 Support variance (where I will be ready with my Selling orders to pursue lower Targets) is my main point of interest, and break of could easily engage the aggressive...

goldenBear88

Gold's general commentary: Interesting turn of the events on the Short-term, as Gold was rejected strongly within the Resistance zone late last week, as DX is on a Short-term recovery. #1,730.80 Support variance (where I will be ready with my Selling orders to pursue lower Targets) is my main point of interest, and break of could easily engage the aggressive...

goldenBear88

Gold's general commentary: The Price-action (Xau-Usd spot prices as always on my commentary) was under Buying pressure on yesterday's E.U. session (from Bond Yields on spiral downtrend) and got higher on each Hourly 4 candle (evident Double Bottom formation previously printed) but on a slow pace which may be an indicator that the Short-term Neutral trend is...

goldenBear88

Gold's general commentary: The Price-action (Xau-Usd spot prices as always on my commentary) was under Buying pressure on yesterday's E.U. session (from Bond Yields on spiral downtrend) and got higher on each Hourly 4 candle (evident Double Bottom formation previously printed) but on a slow pace which may be an indicator that the Short-term Neutral trend is...

goldenBear88

Gold's general commentary: Excellent sideways Price-action extension on the Hourly 4 chart as the emerging Rectangle Trading pattern is providing the safest framework for Scalpers only. The Hourly 4 Resistance has rejected the Price-action #3 times already (March #1, March #17, April #6) which gives an updated Selling range of #1,727.80 - #1,720.80 with a...

goldenBear88

Gold's general commentary: Excellent sideways Price-action extension on the Hourly 4 chart as the emerging Rectangle Trading pattern is providing the safest framework for Scalpers only. The Hourly 4 Resistance has rejected the Price-action #3 times already (March #1, March #17, April #6) which gives an updated Selling range of #1,727.80 - #1,720.80 with a...

goldenBear88

Gold's general commentary: The former Support of #1,735.80 (Xau-Usd on my comments as always on my focus) was turned into a Resistance in a symmetrical manner as it has done throughout June-July / was broken, but as expected Gold reversed from upper level and Gold is Trading around #1,735.80 again, previously explained in my yesterday's session commentary....

goldenBear88

Gold's general commentary: The former Support of #1,735.80 (Xau-Usd on my comments as always on my focus) was turned into a Resistance in a symmetrical manner as it has done throughout June-July / was broken, but as expected Gold reversed from upper level and Gold is Trading around #1,735.80 again, previously explained in my yesterday's session commentary....

goldenBear88

Gold's general commentary: Gold almost reached my personal maximum of #1,735.80 as the Price-action didn’t invalidated Daily chart’s solid Channel Down and is now testing the Higher Low pressure point. However, #1,735.80 is very strong Resistance and I see no chances of Gold testing nor breaking it on today’s session (after such rise on early U.S. session last...

goldenBear88

Gold's general commentary: Gold almost reached my personal maximum of #1,735.80 as the Price-action didn’t invalidated Daily chart’s solid Channel Down and is now testing the Higher Low pressure point. However, #1,735.80 is very strong Resistance and I see no chances of Gold testing nor breaking it on today’s session (after such rise on early U.S. session last...

goldenBear88

Technical analysis: Bond notes panic continues as Investors (as usual) use Gold as a Safe-haven, and same fractal was seen within #2 last sessions on almost #45 point miraculous recovery Gold was Trading under. Final Resistance of #1,727.80 got compromised and if Gold closes today's session above it, it is sign of Bullish continuation, if not, everything is ready...

goldenBear88

Technical analysis: Bond notes panic continues as Investors (as usual) use Gold as a Safe-haven, and same fractal was seen within #2 last sessions on almost #45 point miraculous recovery Gold was Trading under. Final Resistance of #1,727.80 got compromised and if Gold closes today's session above it, it is sign of Bullish continuation, if not, everything is ready...

goldenBear88

Gold's general commentary: Recovery continuation on Gold during the most Volatile session of the Week, in situation (which should be Bearish for Gold) after yesterday's session E.U. opening, breaking all Resistances miraculously and again reversed since Bond notes reached the Top and are on a firm decline at the moment, which is adding Buying pressure on Gold. I...