Gold's general commentary: Volatile Price-action towards the U.S. session opening Bell (Hourly 1 chart Bearish Gap fill) as in the absence of high impact macroeconomic reports (besides situation in U.S.), Gold is inside a range on the last three Hourly 4 candles. Notice how this is taking place exactly below the Hourly 4 chart Support. As long as Gold stays below...
As discussed on my March #26th commentary:" My analysis filters unexpected Medium-term reversals and my model Technically aims for #1,678.80 Lower Low extension then #1,651.80 stabilization zone. I have engaged my Selling order calling for #1,700.80 extension, with Stop-loss on a bit wider range since my margin can handle it." And with my today's...
As discussed on my March #26th commentary:" My analysis filters unexpected Medium-term reversals and my model Technically aims for #1,678.80 Lower Low extension then #1,651.80 stabilization zone. I have engaged my Selling order calling for #1,700.80 extension, with Stop-loss on a bit wider range since my margin can handle it." And with my today's...
Gold's general commentary: As expected, Gold is so far holding the #1,722.80 - #1,732.80 belt intact and Hourly 4 chart’s Resistance is aswell stalling the uptrend. Gold is pricing it’s Higher Low first time after #12 sessions, and it is extending it’s Daily chart solid Channel Down range with #1,744.80 as the next Higher Low Resistance. Despite another session...
Gold's general commentary: As expected, Gold is so far holding the #1,722.80 - #1,732.80 belt intact and Hourly 4 chart’s Resistance is aswell stalling the uptrend. Gold is pricing it’s Higher Low first time after #12 sessions, and it is extending it’s Daily chart solid Channel Down range with #1,744.80 as the next Higher Low Resistance. Despite another session...
Technical analysis: Xau-Usd (which I always use on my commentary) broke the #1,730.80 Resistance but quickly retraced and got Sold back below it (since DX is Trading on side swings) and in my opinion if the current Hourly 1 candle (which is the breakout candle) breaks the #1,727.80, then I will see test towards the Hourly 1 chart Bottom on the #1,717.80 Lower Low...
Technical analysis: Xau-Usd (which I always use on my commentary) broke the #1,730.80 Resistance but quickly retraced and got Sold back below it (since DX is Trading on side swings) and in my opinion if the current Hourly 1 candle (which is the breakout candle) breaks the #1,727.80, then I will see test towards the Hourly 1 chart Bottom on the #1,717.80 Lower Low...
Gold's general commentary: Gold has entered the #1,730.80- #1,740.80 Profit Taking zone for Investors, which is the first one on current new Selling Wave and as discussed last Week, it would be optimal for Short-term Traders to have pressure points which they will later use, and re-engage only after #1,722.80 breaks (Technically). Fundamentally, Gold is strong...
Gold's general commentary: Gold has entered the #1,730.80- #1,740.80 Profit Taking zone for Investors, which is the first one on current new Selling Wave and as discussed last Week, it would be optimal for Short-term Traders to have pressure points which they will later use, and re-engage only after #1,722.80 breaks (Technically). Fundamentally, Gold is strong...
Gold's general outlook: The Price-action is back up on Daily levels and Buyers who engaged extended Buy orders again were tricked into their false beliefs since they didn’t checked DX levels (once again Gold breaks the Support/Resistance and reverses). Despite all this and from a Technical standpoint, Daily chart is showing an Price-action Rectangle with...
Gold's general outlook: The Price-action is back up on Daily levels and Buyers who engaged extended Buy orders again were tricked into their false beliefs since they didn’t checked DX levels (once again Gold breaks the Support/Resistance and reverses). Despite all this and from a Technical standpoint, Daily chart is showing an Price-action Rectangle with...
Gold's general outlook: Despite the fair Technical value of Gold (Spot prices) around #1,700.80 psychological barrier or less (near #1,678.80), Gold didn’t collapsed cause of the strong Volatility which once again distorted Technical trends and postponed my expectations. DX took a decent hammering last week as the Price-action strongly bounced back from...
Gold's general outlook: Despite the fair Technical value of Gold (Spot prices) around #1,700.80 psychological barrier or less (near #1,678.80), Gold didn’t collapsed cause of the strong Volatility which once again distorted Technical trends and postponed my expectations. DX took a decent hammering last week as the Price-action strongly bounced back from...
Gold's general outlook: With the Fundamental events positively exceeding forecasts and as I expected, Gold dipped on early Asian session yesterday while Bond notes made an recovery and added significant Selling pressure on Gold. Technically, it should be no surprise that Gold made a session Low near #1,723.80. Yesterday's session Bearish spike was mainly...
Gold's general outlook: With the Fundamental events positively exceeding forecasts and as I expected, Gold dipped on early Asian session yesterday while Bond notes made an recovery and added significant Selling pressure on Gold. Technically, it should be no surprise that Gold made a session Low near #1,723.80. Yesterday's session Bearish spike was mainly...
Gold's general overview: I was expecting decent movement by E.U. opening, or within #1 session. Fed announced their decision regarding the Interest Rate and it was one of the most important events for Gold. Speculators were expected #99% to leave the rate unchanged. During the past #12 events when the actual rate matched the expected forecast, Gold decreased in...
Gold's general overview: I was expecting decent movement by E.U. opening, or within #1 session. Fed announced their decision regarding the Interest Rate and it was one of the most important events for Gold. Speculators were expected #99% to leave the rate unchanged. During the past #12 events when the actual rate matched the expected forecast, Gold decreased in...
Gold's general overview: Gold is on an interesting Technical area on the Hourly 4 chart. The dominant pattern on a Daily chart however is an Channel Down since the February #16 High. Since September #21, the Hourly 4 RSI was ascending being on Higher High's, which was on a Bullish divergence with the actual Xau-Usd Price-action which is headed to Lower High’s and...