Fundamental analysis: Symmetrical Dead Cat bounce on Hourly 4 chart is getting in tight range as U.S. Treasury attempt to limit the weakness at all costs as their main aim is not to hyper-Inflate the economy. Inflation chart is up on a mere (# +8.00%, in the same time representing ATH values), but Gold is ignoring eminent reversal signs and remains Trading under...
Fundamental analysis: Symmetrical Dead Cat bounce on Hourly 4 chart is getting in tight range as U.S. Treasury attempt to limit the weakness at all costs as their main aim is not to hyper-Inflate the economy. Inflation chart is up on a mere (# +8.00%, in the same time representing ATH values), but Gold is ignoring eminent reversal signs and remains Trading under...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,348.80 entry point, #2,300.80 benchmark remains optimal Target for the fractal. I do believe that Gold might re-test #2,350's Resistance zone before #2,300.80 aggressive takedown test." My #2,348.80 entry point hit #2,356.80 Stop-loss as I re-Sold Gold...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,348.80 entry point, #2,300.80 benchmark remains optimal Target for the fractal. I do believe that Gold might re-test #2,350's Resistance zone before #2,300.80 aggressive takedown test." My #2,348.80 entry point hit #2,356.80 Stop-loss as I re-Sold Gold...
Technical analysis: DX again reversed (# -0.37%) and it is no surprise that it is pushing Gold Higher, Buying every dip towards #2,350's Resistance zone. No doubt that Gold is also affected by the effect of DX policy remarks, testing the #104.500 Support and correlation standpoint will be visible from today’s U.S. session. Not surprisingly, last week’s DX...
Technical analysis: DX again reversed (# -0.37%) and it is no surprise that it is pushing Gold Higher, Buying every dip towards #2,350's Resistance zone. No doubt that Gold is also affected by the effect of DX policy remarks, testing the #104.500 Support and correlation standpoint will be visible from today’s U.S. session. Not surprisingly, last week’s DX...
Technical analysis: As I announced aggressive Selling correction on Gold, Price-action has negated most of the gains Buyers had lately in #2-session consecutive decline as Gold took #2 Daily chart's candle hit. However the decline is just beginning and is still not proportional as DX and global futures are still on Lower levels. This leads me to believe that on...
Technical analysis: As I announced aggressive Selling correction on Gold, Price-action has negated most of the gains Buyers had lately in #2-session consecutive decline as Gold took #2 Daily chart's candle hit. However the decline is just beginning and is still not proportional as DX and global futures are still on Lower levels. This leads me to believe that on...
As discussed on my yesterday's session commentary: "I have closed all my Selling orders (#2,436.80 - #2,412.80) on an fine #24-point Profit, extending my results range to #42 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders which are Selling every High's that Gold delivers, well done!" my first Selling...
As discussed on my yesterday's session commentary: "I have closed all my Selling orders (#2,436.80 - #2,412.80) on an fine #24-point Profit, extending my results range to #42 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders which are Selling every High's that Gold delivers, well done!" my first Selling...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,436.80 entry point (optimal Target remains #2,400.80 psychological benchmark). My Selling order is running in decent Profit and will re-Sell Gold when / if #2,400.80 benchmark fails to hold." I have closed all my Selling orders (#2,436.80 - #2,412.80) on...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,436.80 entry point (optimal Target remains #2,400.80 psychological benchmark). My Selling order is running in decent Profit and will re-Sell Gold when / if #2,400.80 benchmark fails to hold." I have closed all my Selling orders (#2,436.80 - #2,412.80) on...
Fundamental analysis: Gold continued with relief rally as it didn't had intention to stop as Bottom was formed on #2,400.80 benchmark and Naturally #2,452.80 benchmark was tested. However regarding Traders willing to Buy Gold, this is very unpredictable market at the moment as Price-action can invalidate #2,452.80 benchmark easily and continue rising, or can...
Fundamental analysis: Gold continued with relief rally as it didn't had intention to stop as Bottom was formed on #2,400.80 benchmark and Naturally #2,452.80 benchmark was tested. However regarding Traders willing to Buy Gold, this is very unpredictable market at the moment as Price-action can invalidate #2,452.80 benchmark easily and continue rising, or can...
As discussed throughout my Friday's session commentary: "My position: Only factor which is keeping Bullish bias alive is DX taking strong hits and as soon as DX starts reversing on new Bullish Medium-term leg, Gold will deliver decline of current Inflated Price-action. However, Gold still remains very sensitive to every Bullish development where minor Bearish...
As discussed throughout my Friday's session commentary: "My position: Only factor which is keeping Bullish bias alive is DX taking strong hits and as soon as DX starts reversing on new Bullish Medium-term leg, Gold will deliver decline of current Inflated Price-action. However, Gold still remains very sensitive to every Bullish development where minor Bearish...
Technical analysis: Gold is approaching weekend break so no additional calculations can be added, especially since Price-action is about to deliver Double Top on Daily chart with an estimated Higher High’s Lower zone decimal below #2,350’s. This estimate is now aligned with the Bearish Technicals (even though Powell delivered dovish surprise) and Technical...
Technical analysis: Gold is approaching weekend break so no additional calculations can be added, especially since Price-action is about to deliver Double Top on Daily chart with an estimated Higher High’s Lower zone decimal below #2,350’s. This estimate is now aligned with the Bearish Technicals (even though Powell delivered dovish surprise) and Technical...