goldenBear88

goldenBear88

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...

goldenBear88

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...

goldenBear88

Technical analysis: As discussed throughout my yesterday’s session commentary, I anticipated the initial development of Ascending Channel both on Hourly 1 and Hourly 4 charts to reach it’s Top on #2,400.80 - #2,410.80 Resistance fractal. Once again, Gold showcased “backed by nothing” Bullish stance / potential, with Price-action (filled with unexpected Bullish...

goldenBear88

Technical analysis: As discussed throughout my yesterday’s session commentary, I anticipated the initial development of Ascending Channel both on Hourly 1 and Hourly 4 charts to reach it’s Top on #2,400.80 - #2,410.80 Resistance fractal. Once again, Gold showcased “backed by nothing” Bullish stance / potential, with Price-action (filled with unexpected Bullish...

goldenBear88

As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order throughout yesterday's session on #2,384.80 which hit my #2,392.80 Stop, immediately engaged re-Sell order on #2,393.80 and closed the order on #2,380.80 re-test, recovering the loss instantly. Later on, I have engaged another #2,392.80 Selling order which I have...

goldenBear88

As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order throughout yesterday's session on #2,384.80 which hit my #2,392.80 Stop, immediately engaged re-Sell order on #2,393.80 and closed the order on #2,380.80 re-test, recovering the loss instantly. Later on, I have engaged another #2,392.80 Selling order which I have...

goldenBear88

Technical analysis: Gold displays very Bullish configuration which is Buying every dip and delivering aggressive spikes to the upside on Daily basis. This is sideways on a #1-Hour basis or at least the equilibrium between the Spot price (Xau-Usd) and Futures (GC) is regained, which as I have been mentioning, is the catalyst for the next move along with Gold's...

goldenBear88

Technical analysis: Gold displays very Bullish configuration which is Buying every dip and delivering aggressive spikes to the upside on Daily basis. This is sideways on a #1-Hour basis or at least the equilibrium between the Spot price (Xau-Usd) and Futures (GC) is regained, which as I have been mentioning, is the catalyst for the next move along with Gold's...

goldenBear88

Technical analysis: As expected the Price-action was rejected upon hitting #2,400.80 psychological benchmark for #2 reasons speculated on my remarks: #1) #2,400.80 being distinguished as major Resistance fractal on Daily chart, #2) Overbought Technicals coupled with Bullish outside factor which is keeping Bullish bias alive. However, Fed Rate hike rumours which...

goldenBear88

Technical analysis: As expected the Price-action was rejected upon hitting #2,400.80 psychological benchmark for #2 reasons speculated on my remarks: #1) #2,400.80 being distinguished as major Resistance fractal on Daily chart, #2) Overbought Technicals coupled with Bullish outside factor which is keeping Bullish bias alive. However, Fed Rate hike rumours which...

goldenBear88

Technical analysis: As expected Gold broke the #2,400.80 barrier (posing as an Resistance area / psychological benchmark in the same manner) and quickly retraced and Sold back the Price below it (delivering almost #100-point instant correction) and in my opinion if the current Hourly 4 candle (which is the breakout candle) breaks the #2,332.80 - #2,342.80 Support...

goldenBear88

Technical analysis: As expected Gold broke the #2,400.80 barrier (posing as an Resistance area / psychological benchmark in the same manner) and quickly retraced and Sold back the Price below it (delivering almost #100-point instant correction) and in my opinion if the current Hourly 4 candle (which is the breakout candle) breaks the #2,332.80 - #2,342.80 Support...

goldenBear88

Technical analysis: The strong (once again Fundamentally driven) bounce near Bottom (my -re-Sell zone) throughout yesterday’s session wasn’t evidently enough to break the Daily chart’s neckline downwards. Support zone acted as an rebound (as many times in near past) point however current relentless Buying sequence first aims at the #2,400.80 psychological...

goldenBear88

Technical analysis: The strong (once again Fundamentally driven) bounce near Bottom (my -re-Sell zone) throughout yesterday’s session wasn’t evidently enough to break the Daily chart’s neckline downwards. Support zone acted as an rebound (as many times in near past) point however current relentless Buying sequence first aims at the #2,400.80 psychological...

goldenBear88

Fundamental analysis: The DX did approach the #104.000 Support (psychological benchmark) zone but Gold remained more or less stationary on Hourly 4 chart, highlighting heavy Buying pressure it is under. Besides strong Selling Intra-day impulse (Selling remains with relatively Low Volume), Gold found Buyers near #2,300's many times which represents Higher High’s...

goldenBear88

Fundamental analysis: The DX did approach the #104.000 Support (psychological benchmark) zone but Gold remained more or less stationary on Hourly 4 chart, highlighting heavy Buying pressure it is under. Besides strong Selling Intra-day impulse (Selling remains with relatively Low Volume), Gold found Buyers near #2,300's many times which represents Higher High’s...

goldenBear88

Technical analysis: The Price-action instantly surged as despite the Inflation PCE outcome, the DX remains more Neutral than Bullish for the session, however appears to be reversing on a Hourly 4 chart’s series of Engulfing Bullish candles (I advised it should rise gradually within #10 sessions, not remaining isolated within Neutral values). In addition regarding...

goldenBear88

Technical analysis: The Price-action instantly surged as despite the Inflation PCE outcome, the DX remains more Neutral than Bullish for the session, however appears to be reversing on a Hourly 4 chart’s series of Engulfing Bullish candles (I advised it should rise gradually within #10 sessions, not remaining isolated within Neutral values). In addition regarding...