Gold's general commentary: As for the current Price-action - the current High levels are no cause for alarm, Gold is simply kept High as every #1,927.80 - #1932.80 Medium-term Support rejection somehow delivers instant relief rally which always tests #1,962.80 - #1,966.80 Resistance zone. I am expecting an Technical takedown soon. I spotted that Gold have been...
Gold's general commentary: As for the current Price-action - the current High levels are no cause for alarm, Gold is simply kept High as every #1,927.80 - #1932.80 Medium-term Support rejection somehow delivers instant relief rally which always tests #1,962.80 - #1,966.80 Resistance zone. I am expecting an Technical takedown soon. I spotted that Gold have been...
Gold's general commentary prior to last week: Buying pressure was evident on Gold (currently on relief rally) due DX on non-stop decline since June #5 local peak. Without analysing the fractal more, weak DX is not going in favor to my Short and Medium-term Selling model and it's prolonged weakness is delivering Bullish spikes on Intra-day basis. DX is still...
Gold's general commentary prior to last week: Buying pressure was evident on Gold (currently on relief rally) due DX on non-stop decline since June #5 local peak. Without analysing the fractal more, weak DX is not going in favor to my Short and Medium-term Selling model and it's prolonged weakness is delivering Bullish spikes on Intra-day basis. DX is still...
Technical analysis: #1,927.80 - #1,932.80 continues to offer stiff Suport zone (as #1,925.80 is distinguished as an session Low’s) and in the meantime, Price-action made a Higher Low’s zone with the #1,962.80 - #1,965.80 zone containing the uptrend on Intra-day relief rally on Gold. Support line is seen Trading at #1,952.80 (benchmark which acted as Support and...
Technical analysis: #1,927.80 - #1,932.80 continues to offer stiff Suport zone (as #1,925.80 is distinguished as an session Low’s) and in the meantime, Price-action made a Higher Low’s zone with the #1,962.80 - #1,965.80 zone containing the uptrend on Intra-day relief rally on Gold. Support line is seen Trading at #1,952.80 (benchmark which acted as Support and...
As discussed throughout my yesterday's session commentary: "My position: As stated many times, I will continue Selling every Top that Gold delivers on Daily basis and as I expect Rate to remain unchanged today followed with hawkish stance from Fed chair on the aftermath, current sequence may be enough for Gold to pierce #1,927.80 - #1,932.80 Support zone and Trade...
As discussed throughout my yesterday's session commentary: "My position: As stated many times, I will continue Selling every Top that Gold delivers on Daily basis and as I expect Rate to remain unchanged today followed with hawkish stance from Fed chair on the aftermath, current sequence may be enough for Gold to pierce #1,927.80 - #1,932.80 Support zone and Trade...
CPI Inflation data aftermath commentary: Quadruple Bottom was ready to reject the Intra-day slide, I followed it for us with very careful Stop loss selection. Terrain is well prepared for me to pursue #1,927.80 - #1,932.80 Support in extension followed by #1,900.80 contact point and regardless of the news, I expect Gold to remain heavily pressured on Daily basis....
CPI Inflation data aftermath commentary: Quadruple Bottom was ready to reject the Intra-day slide, I followed it for us with very careful Stop loss selection. Terrain is well prepared for me to pursue #1,927.80 - #1,932.80 Support in extension followed by #1,900.80 contact point and regardless of the news, I expect Gold to remain heavily pressured on Daily basis....
As discussed throughout my morning's commentary: "My position: Critical announcement for the session is CPI Inflation data, regardless I do expect CPI to deliver forecast smaller than expected which may hurt the DX even more. However, Short-term trend remains Bearish so practical suggestion is to Sell every rise that Gold delivers (strategy which I am utilizing on...
As discussed throughout my morning's commentary: "My position: Critical announcement for the session is CPI Inflation data, regardless I do expect CPI to deliver forecast smaller than expected which may hurt the DX even more. However, Short-term trend remains Bearish so practical suggestion is to Sell every rise that Gold delivers (strategy which I am utilizing on...
Gold's general commentary: As Gold is Trading within Hourly 4 chart's mini Neutral Rectangle (isolated inside of bigger proportion Symmetrical Triangle on Hourly 4 chart aswell), this is very cautious market at the moment. Yet again, I see no firm reason for current Buying bias on Gold to be sustainable, as #1,970.80 - #1,973.80 should price in local Top's and...
Gold's general commentary: As Gold is Trading within Hourly 4 chart's mini Neutral Rectangle (isolated inside of bigger proportion Symmetrical Triangle on Hourly 4 chart aswell), this is very cautious market at the moment. Yet again, I see no firm reason for current Buying bias on Gold to be sustainable, as #1,970.80 - #1,973.80 should price in local Top's and...
As discussed throughout my Friday's session commentary: "My position: As my Long-term Selling outlook should be in continuation, Gold made a strong Bullish comeback on the foundation of aggressive takedown on DX as Gold's Buyers are once again rescued by Fundamental announcements as Gold was losing value with every Hourly 4 chart’s candle. Price-action was close...
As discussed throughout my Friday's session commentary: "My position: As my Long-term Selling outlook should be in continuation, Gold made a strong Bullish comeback on the foundation of aggressive takedown on DX as Gold's Buyers are once again rescued by Fundamental announcements as Gold was losing value with every Hourly 4 chart’s candle. Price-action was close...
Gold's general commentary: Critical Support zone was in reach of a hand on yesterday's E.U. session and to prevent full scale oscillation towards #1.900.80 benchmark invalidating multi-Month Bullish cycle on Gold's Daily chart, DX was manually Lowered in form of an takedown from market speculators. Technical analysis: Gold is on an interesting Technical...
Gold's general commentary: Critical Support zone was in reach of a hand on yesterday's E.U. session and to prevent full scale oscillation towards #1.900.80 benchmark invalidating multi-Month Bullish cycle on Gold's Daily chart, DX was manually Lowered in form of an takedown from market speculators. Technical analysis: Gold is on an interesting Technical...