Technical analysis: Very contradicting patterns on Hourly 4 chart (succession of multiple different side / pointers candlestick patterns) made Gold a very unattractive asset to Trade on throughout Friday's session especially ahead of market closing. The Volume remains above average on a narrow range which however broken to the upside by Investor's traditional...
Technical analysis: Very contradicting patterns on Hourly 4 chart (succession of multiple different side / pointers candlestick patterns) made Gold a very unattractive asset to Trade on throughout Friday's session especially ahead of market closing. The Volume remains above average on a narrow range which however broken to the upside by Investor's traditional...
As discussed throughout my yesterday's session commentary: "My position: Price-action invalidated #1.908.80 Support many times within the session but on conservative way which translates that most Medium-term Sellers are taking Profits on their orders. The good news is that Bulls are unable to recover the #1.918.80 first Resistance line and as long as Price-action...
As discussed throughout my yesterday's session commentary: "My position: Price-action invalidated #1.908.80 Support many times within the session but on conservative way which translates that most Medium-term Sellers are taking Profits on their orders. The good news is that Bulls are unable to recover the #1.918.80 first Resistance line and as long as Price-action...
Technical analysis: Despite the eminent recovery on DX and indecision on Bond Yields chart. This is the Selling extension of the Higher Low's sequence within the Daily chart's Descending Channel. The Hourly 4 chart is approaching critically Oversold levels for the first time in #3-Month fractal, which could point to small correction in form of a pullback however...
Technical analysis: Despite the eminent recovery on DX and indecision on Bond Yields chart. This is the Selling extension of the Higher Low's sequence within the Daily chart's Descending Channel. The Hourly 4 chart is approaching critically Oversold levels for the first time in #3-Month fractal, which could point to small correction in form of a pullback however...
As discussed throughout my yesterday's session commentary:"Technical analysis: Gold has ignored constant Low's on DX as it is following Bond Yields mostly (no reversal signs) and remains basically ranged on Hourly 4 chart but still on Bearish gradient (Higher Low's - Lower Low's). On Daily basis, the next Low is located on the #1,922.80 mid-Support (Since #1,925...
As discussed throughout my yesterday's session commentary:"Technical analysis: Gold has ignored constant Low's on DX as it is following Bond Yields mostly (no reversal signs) and remains basically ranged on Hourly 4 chart but still on Bearish gradient (Higher Low's - Lower Low's). On Daily basis, the next Low is located on the #1,922.80 mid-Support (Since #1,925...
As discussed throughout my yesterday's session commentary: "My position: My #1,918.80 order hit the #1,927.80 Stop-loss as I immediately re-Sold on #1,930.80 and added another #1,937.80 Sell which both resulted with a Profit (both closed near #1,920.80) as I am continuously utilizing Selling every High's strategy for Month's now. I engaged another Selling order on...
As discussed throughout my yesterday's session commentary: "My position: My #1,918.80 order hit the #1,927.80 Stop-loss as I immediately re-Sold on #1,930.80 and added another #1,937.80 Sell which both resulted with a Profit (both closed near #1,920.80) as I am continuously utilizing Selling every High's strategy for Month's now. I engaged another Selling order on...
Gold's general commentary: Another Low is priced in on the emerging Hourly 4 chart’s Descending Channel which was testing and breaking the #1,927.80 - #1,932.80 Medium-term Support zone quickly entered the critically Oversold territory however lagging upswing sequence was showing signs of exhaustion on the other side. It is more than obvious that Gold’s Inflated...
Gold's general commentary: Another Low is priced in on the emerging Hourly 4 chart’s Descending Channel which was testing and breaking the #1,927.80 - #1,932.80 Medium-term Support zone quickly entered the critically Oversold territory however lagging upswing sequence was showing signs of exhaustion on the other side. It is more than obvious that Gold’s Inflated...
Gold's general commentary: The Price-action is now circling the #1,900.80 benchmark but not gaining more Selling momentum however it seems that DX finally found the Support fractal. I can't speculate how far or downwards Price-action can go fuelled by new market dynamics, only follow it Technically. And Technically, #1,900.80 test will be acceptable risk at the...
Gold's general commentary: The Price-action is now circling the #1,900.80 benchmark but not gaining more Selling momentum however it seems that DX finally found the Support fractal. I can't speculate how far or downwards Price-action can go fuelled by new market dynamics, only follow it Technically. And Technically, #1,900.80 test will be acceptable risk at the...
As discussed throughout my yesterday's session commentary: "My position: According to the above, I have added a Selling order on #1,935.80 with #1,900.80 benchmark as my optimal Target and congratulations if you followed my yesterday's analysis and utilized the aggressive #20-point slide since #1,950's. If Powell persists the narrative rejecting the increase in...
As discussed throughout my yesterday's session commentary: "My position: According to the above, I have added a Selling order on #1,935.80 with #1,900.80 benchmark as my optimal Target and congratulations if you followed my yesterday's analysis and utilized the aggressive #20-point slide since #1,950's. If Powell persists the narrative rejecting the increase in...
Fundamental analysis: Fed's latest Rate cut announcement delivered mixed message to all asset classes. This lend a Support on Gold chart which pushed the Price-action back to Neutral Rectangle and a clear break in one direction or the other was necessary to determine further market positioning. Next major move on Gold may be in Powell's hearing, as well as data...
Fundamental analysis: Fed's latest Rate cut announcement delivered mixed message to all asset classes. This lend a Support on Gold chart which pushed the Price-action back to Neutral Rectangle and a clear break in one direction or the other was necessary to determine further market positioning. Next major move on Gold may be in Powell's hearing, as well as data...