Technical analysis: As it is evident on my Technicals, Gold is Trading within an healthy Daily chart's Ascending Channel since December #31, #2,600.80 benchmark Bottom. Mentioned Channel has a clear Lower Low’s zone and Higher High’s zone. This is where a Long-term Trade Sells and aggressively Buy's respectively (this is an usual sign of aggressive Bull market)....
Technical analysis: As it is evident on my Technicals, Gold is Trading within an healthy Daily chart's Ascending Channel since December #31, #2,600.80 benchmark Bottom. Mentioned Channel has a clear Lower Low’s zone and Higher High’s zone. This is where a Long-term Trade Sells and aggressively Buy's respectively (this is an usual sign of aggressive Bull market)....
Technical analysis: Gold (Xau-Usd Spot) invalidated the #2,900.80 benchmark with relative ease on the current Daily chart’s candle and (marginally) made a new Weekly local (#1W) High’s which wasn't Sold instantly indicating strong Bullish bias Gold is Trading on. This is yet not enough to continue Selling the market though as confirmation should be completed once...
Technical analysis: Gold (Xau-Usd Spot) invalidated the #2,900.80 benchmark with relative ease on the current Daily chart’s candle and (marginally) made a new Weekly local (#1W) High’s which wasn't Sold instantly indicating strong Bullish bias Gold is Trading on. This is yet not enough to continue Selling the market though as confirmation should be completed once...
As discussed throughout my morning's session commentary: "My position: As long as market closes below #2,900.80 benchmark, I will keep Selling Gold (Intra-day only of course) however keep in mind that anytime Gold can reverse into new relief rally and Bull leg. My break-out points are intact and will Trade by them." I have closed my Selling order with expected...
As discussed throughout my morning's session commentary: "My position: As long as market closes below #2,900.80 benchmark, I will keep Selling Gold (Intra-day only of course) however keep in mind that anytime Gold can reverse into new relief rally and Bull leg. My break-out points are intact and will Trade by them." I have closed my Selling order with expected...
I have engaged first Selling order on #2,900.80 benchmark break-out to the downside and closed my Selling order on #2,887.80 (#2,900.80 - #2,887.80) however as I announced that Gold is on decline just to rise more, I have engaged Buying order on #2,882.80 Support extension and closed my order on #2,900.80 benchmark (#2,882.80 - #2,900.80) where both orders...
I have engaged first Selling order on #2,900.80 benchmark break-out to the downside and closed my Selling order on #2,887.80 (#2,900.80 - #2,887.80) however as I announced that Gold is on decline just to rise more, I have engaged Buying order on #2,882.80 Support extension and closed my order on #2,900.80 benchmark (#2,882.80 - #2,900.80) where both orders...
Technical analysis: Monitoring the market closing throughout yesterday’s session, Hourly 1 chart’s mini Descending Channel was strongly invalidated as Price-action is now close to my projected #2,912.80 Higher High’s sequence (which represents also the Higher High’s observing from the above regarding Medium-term Neutral zone on Spot prices) and if the pattern...
Technical analysis: Monitoring the market closing throughout yesterday’s session, Hourly 1 chart’s mini Descending Channel was strongly invalidated as Price-action is now close to my projected #2,912.80 Higher High’s sequence (which represents also the Higher High’s observing from the above regarding Medium-term Neutral zone on Spot prices) and if the pattern...
As discussed throughout my yesterday's session commentary: "My position: #2,866.80 is the Price of now and it is not worth entering. Gold can still turn both ways however if #2,852.80 benchmark gets invalidated and DX continues the Bull run, I will Sell Gold on Spot and pursue #2,827.80 Support in extension. I will continue Buying Gold only if market closes above...
As discussed throughout my yesterday's session commentary: "My position: #2,866.80 is the Price of now and it is not worth entering. Gold can still turn both ways however if #2,852.80 benchmark gets invalidated and DX continues the Bull run, I will Sell Gold on Spot and pursue #2,827.80 Support in extension. I will continue Buying Gold only if market closes above...
As discussed throughout my yesterday's session commentary: "My position: Even though Gold was ready for small correction within #2,815.80 - #2,822.80 before rally continuation and more gains on Gold, Gold ignored such Technical development and invalidated my #2,831.80 Resistance zone where I Bought Gold and still hold my orders. #2,882.80 - #2,892.80 is my ideal...
As discussed throughout my yesterday's session commentary: "My position: Even though Gold was ready for small correction within #2,815.80 - #2,822.80 before rally continuation and more gains on Gold, Gold ignored such Technical development and invalidated my #2,831.80 Resistance zone where I Bought Gold and still hold my orders. #2,882.80 - #2,892.80 is my ideal...
Fundamental analysis: Gold continues to be utilized as a safe-haven as the Stocks and DX are suffering significant losses on geo-political uncertainties and Tariff's outcome. However as before, I am making use of the DX as my key indicators to suggest the underlying trend for Gold, which remains fully Bullish, as the DX made a solid Technical local Low today and...
Fundamental analysis: Gold continues to be utilized as a safe-haven as the Stocks and DX are suffering significant losses on geo-political uncertainties and Tariff's outcome. However as before, I am making use of the DX as my key indicators to suggest the underlying trend for Gold, which remains fully Bullish, as the DX made a solid Technical local Low today and...
As discussed throughout my yesterday's session commentary: "If #2,800.80 mark gets invalidated and market closes above, I add more Buying orders on mentioned levels aiming at #2,818.80 (slightly below #2,822.80 Resistance line). As expected, Buying accumulation I discussed throughout the session started and the Technical reason behind it was the Ascending Channel...
As discussed throughout my yesterday's session commentary: "If #2,800.80 mark gets invalidated and market closes above, I add more Buying orders on mentioned levels aiming at #2,818.80 (slightly below #2,822.80 Resistance line). As expected, Buying accumulation I discussed throughout the session started and the Technical reason behind it was the Ascending Channel...