As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,318.80 representing my entry point, optimal Target remains #2,300.80 psychological benchmark." My #2,318.80 Selling order has hit #12-point stop on #2,330.80, however I have re-Sold Gold immediately on #2,336.80 and closed my order on #2,310.80,...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,318.80 representing my entry point, optimal Target remains #2,300.80 psychological benchmark." My #2,318.80 Selling order has hit #12-point stop on #2,330.80, however I have re-Sold Gold immediately on #2,336.80 and closed my order on #2,310.80,...
Technical analysis: Gold is finally delivered full scale decline towards #2,300.80 psychological benchmark. This is the first time in #6-Months time that Gold is on Natural decline / not correcting aggressive gains made previously. Also this is the first time in #6-Month period that Gold delivers #2 consecutive Lower Low’s (High’s / Low’s) test which is excellent...
Technical analysis: Gold is finally delivered full scale decline towards #2,300.80 psychological benchmark. This is the first time in #6-Months time that Gold is on Natural decline / not correcting aggressive gains made previously. Also this is the first time in #6-Month period that Gold delivers #2 consecutive Lower Low’s (High’s / Low’s) test which is excellent...
Technical analysis: Hourly 4 chart’s Descending Channel I mentioned on my remarks is still active on the previous Daily chart’s candle as Price-action is headed towards Lower levels (aggressive takedown), as mentioned Targeting the #2,300.80 psychological benchmark extension and strong defensive line Supporting from below, Trading at #2,292.80 (invalidated...
Technical analysis: Hourly 4 chart’s Descending Channel I mentioned on my remarks is still active on the previous Daily chart’s candle as Price-action is headed towards Lower levels (aggressive takedown), as mentioned Targeting the #2,300.80 psychological benchmark extension and strong defensive line Supporting from below, Trading at #2,292.80 (invalidated...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...