Technical analysis: Price-action delivered obvious Bullish Flag as it is on the way to pierce #2,000.80 psychological benchmark as either rejection here on #1,988.80 Resistance towards #1,976.80 and #1,972.80 Supports in extension / or #1,997.80 Resistance line test ahead of #2,000.80 psychological benchmark. Gold remains "Buy the Bottom" Trade as I will utilize...
Technical analysis: Price-action delivered obvious Bullish Flag as it is on the way to pierce #2,000.80 psychological benchmark as either rejection here on #1,988.80 Resistance towards #1,976.80 and #1,972.80 Supports in extension / or #1,997.80 Resistance line test ahead of #2,000.80 psychological benchmark. Gold remains "Buy the Bottom" Trade as I will utilize...
Technical analysis: Price-action was pushed towards the Daily chart’s Resistance zone of #1,982.80 - #1,988.80 and even broke it, but taken a pause near #1,990’s, still showcasing strong durability however on the other side. That is of course Fundamentally attributed to Fed expectations, constant crisis escalation news and DX way above the Hourly 4 chart’s...
Technical analysis: Price-action was pushed towards the Daily chart’s Resistance zone of #1,982.80 - #1,988.80 and even broke it, but taken a pause near #1,990’s, still showcasing strong durability however on the other side. That is of course Fundamentally attributed to Fed expectations, constant crisis escalation news and DX way above the Hourly 4 chart’s...
Fundamental analysis: No new surprises so far as Gold is ranging within #1,963.80 Support and #1,982.80 Resistance for the fractal. I was ready to Sell Gold however as it was evident lately that Bullish spikes were delivered on Daily basis which is not giving me confidence to enter. As it is evident on my Technicals, Gold is Trading within an Ascending Channel...
Fundamental analysis: No new surprises so far as Gold is ranging within #1,963.80 Support and #1,982.80 Resistance for the fractal. I was ready to Sell Gold however as it was evident lately that Bullish spikes were delivered on Daily basis which is not giving me confidence to enter. As it is evident on my Technicals, Gold is Trading within an Ascending Channel...
Technical analysis: DX did approach Support zone for the fractal but Gold remained more or less stationary on Hourly 4 chart, highlighting the strong Selling pressure it is under (Intra-day). Besides strong Selling Intra-day impulse, Gold found Buyers near #1,960’s many times which represents Higher High’s Lower zone where Institutional capital flew from Gold and...
Technical analysis: DX did approach Support zone for the fractal but Gold remained more or less stationary on Hourly 4 chart, highlighting the strong Selling pressure it is under (Intra-day). Besides strong Selling Intra-day impulse, Gold found Buyers near #1,960’s many times which represents Higher High’s Lower zone where Institutional capital flew from Gold and...
Fundamental analysis: The former Support of #1,992.80 has turned into a Resistance in a symmetrical manner as it has done throughout April - May fractal, as Gold is eyeing Higher levels for more than #10-sessions horizon at the moment. Looking at the wider timeframe of Daily chart's healthy Ascending Channel and the Higher High's trendline of the former Hourly 4...
Fundamental analysis: The former Support of #1,992.80 has turned into a Resistance in a symmetrical manner as it has done throughout April - May fractal, as Gold is eyeing Higher levels for more than #10-sessions horizon at the moment. Looking at the wider timeframe of Daily chart's healthy Ascending Channel and the Higher High's trendline of the former Hourly 4...
Technical analysis: Failure to close the market above #1,952.80 - #1,955.80 Medium-term Resistance zone Technically delivered distinguished Selling signal. I used it (which was approved by my Trading model) with close Stop for the fractal however with Price-action Trading near my #1,948.80 entry point, I have closed my order near breakeven without suffering more...
Technical analysis: Failure to close the market above #1,952.80 - #1,955.80 Medium-term Resistance zone Technically delivered distinguished Selling signal. I used it (which was approved by my Trading model) with close Stop for the fractal however with Price-action Trading near my #1,948.80 entry point, I have closed my order near breakeven without suffering more...
Technical analysis: Gold is soaring continuously due Fundamental crisis escalation even though there were ceasefire talks. Since these are Fundamentally driven sessions, Price-action can deliver both: continue rising aggressively or reverse strongly anytime towards #1,900.80 psychological benchmark as I will continue to monitor the Price-action from sidelines....
Technical analysis: Gold is soaring continuously due Fundamental crisis escalation even though there were ceasefire talks. Since these are Fundamentally driven sessions, Price-action can deliver both: continue rising aggressively or reverse strongly anytime towards #1,900.80 psychological benchmark as I will continue to monitor the Price-action from sidelines....
Technical analysis: Gold is still showcasing strong durability and is unable to stage more serious correction to the downside. As long as Price-action is well kept above #1,900.80 psychological benchmark, Bullish Short-term bias is intact. However I do not expect #1,952.80 benchmark to get invalidated on the other side. I did expect positive outcome on Retail...
Technical analysis: Gold is still showcasing strong durability and is unable to stage more serious correction to the downside. As long as Price-action is well kept above #1,900.80 psychological benchmark, Bullish Short-term bias is intact. However I do not expect #1,952.80 benchmark to get invalidated on the other side. I did expect positive outcome on Retail...
Technical analysis: Nothing much to add to one of the strongest Intra-day uptrends in Annual fractal as most likely Gold was soaring as a safe-haven. Price-action caught Sellers by surprise as last Trading week started in Bullish fashion (#22-point Gap fill) and later on delivered mild gains which were corrected throughout Thursday's session. I have expected rise...
Technical analysis: Nothing much to add to one of the strongest Intra-day uptrends in Annual fractal as most likely Gold was soaring as a safe-haven. Price-action caught Sellers by surprise as last Trading week started in Bullish fashion (#22-point Gap fill) and later on delivered mild gains which were corrected throughout Thursday's session. I have expected rise...