Fundamental analysis: So far so good as there are no Short-term surprises. DX again reversed and it's no surprise that this is pushing Gold Higher (last #5 out of #5 Fed Rate decisions were Bullish on Gold regardless of the outcome or Powell's stance later on the conference). No doubt that Gold is also affected by the effect of Bond Yields policy remarks, testing...
Fundamental analysis: So far so good as there are no Short-term surprises. DX again reversed and it's no surprise that this is pushing Gold Higher (last #5 out of #5 Fed Rate decisions were Bullish on Gold regardless of the outcome or Powell's stance later on the conference). No doubt that Gold is also affected by the effect of Bond Yields policy remarks, testing...
Technical analysis: Short-term rebalancing as Gold tested (successfully so far) the #2,292.80 Daily chart’s Support taken from #2,300.80 former local Low’s, with Daily chart finally turning Bearish which is spectacular news for both Short and Medium-term Sellers. As long as #2,300.80 benchmark holds, Sellers shouldn't worry since all major chart’s candles ends in...
Technical analysis: Short-term rebalancing as Gold tested (successfully so far) the #2,292.80 Daily chart’s Support taken from #2,300.80 former local Low’s, with Daily chart finally turning Bearish which is spectacular news for both Short and Medium-term Sellers. As long as #2,300.80 benchmark holds, Sellers shouldn't worry since all major chart’s candles ends in...
As discussed on my yesterday's session commentary: "My position: I have managed to catch decent #10-point Profit throughout Friday's session, Selling High's which brought #2,327.80 test. I will assume no new orders for the session and will look to re-Sell Gold as Higher as I can. #2,342.80 - #2,352.80 is optimal re-Sell zone. I am very comfortable with waiting /...
As discussed on my yesterday's session commentary: "My position: I have managed to catch decent #10-point Profit throughout Friday's session, Selling High's which brought #2,327.80 test. I will assume no new orders for the session and will look to re-Sell Gold as Higher as I can. #2,342.80 - #2,352.80 is optimal re-Sell zone. I am very comfortable with waiting /...
Fundamental analysis: Even though there isn’t any viable explanation why Gold is delivering aggressive spikes to the upside (that Central Banks are purchasing Gold is Long-Year tradition, nothing new that it can deliver such heavy Buying pressure on Gold), Gold preserves overall Bullish trend. DX dropped to the Lowest level in #2-week time previous session after...
Fundamental analysis: Even though there isn’t any viable explanation why Gold is delivering aggressive spikes to the upside (that Central Banks are purchasing Gold is Long-Year tradition, nothing new that it can deliver such heavy Buying pressure on Gold), Gold preserves overall Bullish trend. DX dropped to the Lowest level in #2-week time previous session after...
As discussed throughout yesterday's session commentary: "My position: Current sequence heavily depends on today's GDP numbers, and as I do expect strong upside number on the announcement, I will look to re-Sell Gold as High as possible ahead of the event and pursue #2,300.80 benchmark test." I have engaged order on #2,329.80 within pre-GDP time however as GDP...
As discussed throughout yesterday's session commentary: "My position: Current sequence heavily depends on today's GDP numbers, and as I do expect strong upside number on the announcement, I will look to re-Sell Gold as High as possible ahead of the event and pursue #2,300.80 benchmark test." I have engaged order on #2,329.80 within pre-GDP time however as GDP...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,318.80 representing my entry point, optimal Target remains #2,300.80 psychological benchmark." My #2,318.80 Selling order has hit #12-point stop on #2,330.80, however I have re-Sold Gold immediately on #2,336.80 and closed my order on #2,310.80,...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,318.80 representing my entry point, optimal Target remains #2,300.80 psychological benchmark." My #2,318.80 Selling order has hit #12-point stop on #2,330.80, however I have re-Sold Gold immediately on #2,336.80 and closed my order on #2,310.80,...
Technical analysis: Gold is finally delivered full scale decline towards #2,300.80 psychological benchmark. This is the first time in #6-Months time that Gold is on Natural decline / not correcting aggressive gains made previously. Also this is the first time in #6-Month period that Gold delivers #2 consecutive Lower Low’s (High’s / Low’s) test which is excellent...
Technical analysis: Gold is finally delivered full scale decline towards #2,300.80 psychological benchmark. This is the first time in #6-Months time that Gold is on Natural decline / not correcting aggressive gains made previously. Also this is the first time in #6-Month period that Gold delivers #2 consecutive Lower Low’s (High’s / Low’s) test which is excellent...
Technical analysis: Hourly 4 chart’s Descending Channel I mentioned on my remarks is still active on the previous Daily chart’s candle as Price-action is headed towards Lower levels (aggressive takedown), as mentioned Targeting the #2,300.80 psychological benchmark extension and strong defensive line Supporting from below, Trading at #2,292.80 (invalidated...
Technical analysis: Hourly 4 chart’s Descending Channel I mentioned on my remarks is still active on the previous Daily chart’s candle as Price-action is headed towards Lower levels (aggressive takedown), as mentioned Targeting the #2,300.80 psychological benchmark extension and strong defensive line Supporting from below, Trading at #2,292.80 (invalidated...
As discussed throughout my Friday's session commentary: "My position: I have engaged re-Sell order with #2,410.80 as my entry point, optimal Target remains #2,366.80 Support in extension. My order is running in excellent Profit as I am more than satisfied with my set of Selling orders lately." I have closed my Selling order (#2,410.80 - #2,366.80) on a fine #44...
As discussed throughout my Friday's session commentary: "My position: I have engaged re-Sell order with #2,410.80 as my entry point, optimal Target remains #2,366.80 Support in extension. My order is running in excellent Profit as I am more than satisfied with my set of Selling orders lately." I have closed my Selling order (#2,410.80 - #2,366.80) on a fine #44...