My position: I have engaged new Selling order with #2,302.80 entry point (optimal Target remains #2,252.80 benchmark which will be certainly met if my Support zone breaks. Gold is seen Trading within Rising Wedge and might collapse aggressively if it breaks to the downside. This is officially #500-point uptrend on Gold within #5-Month time, rarely seen on Gold...
My position: I have engaged new Selling order with #2,302.80 entry point (optimal Target remains #2,252.80 benchmark which will be certainly met if my Support zone breaks. Gold is seen Trading within Rising Wedge and might collapse aggressively if it breaks to the downside. This is officially #500-point uptrend on Gold within #5-Month time, rarely seen on Gold...
Technical analysis: Gold Naturally found Buyers as heavy Buying pressure is evident on all charts, however DX is on Selling sequence. It is important to note that #2,300.80 benchmark is next Resistance, which is Trading near Weekly (#1W) local High’s as Price-action could find strong rejection there and deny the Buying response in extension. If broken,...
Technical analysis: Gold Naturally found Buyers as heavy Buying pressure is evident on all charts, however DX is on Selling sequence. It is important to note that #2,300.80 benchmark is next Resistance, which is Trading near Weekly (#1W) local High’s as Price-action could find strong rejection there and deny the Buying response in extension. If broken,...
Technical analysis: Another strong Bullish Daily chart candle succession (# +3.87% so far) with non-stop uptrend on Hourly 4 chart's Ascending Channel testing the last Resistance before an aggressive Gap fill above #2,300.80 psychological benchmark. DX was on the #2nd straight Bullish Daily chart's candle however Gold remains disconnected from main correlation...
Technical analysis: Another strong Bullish Daily chart candle succession (# +3.87% so far) with non-stop uptrend on Hourly 4 chart's Ascending Channel testing the last Resistance before an aggressive Gap fill above #2,300.80 psychological benchmark. DX was on the #2nd straight Bullish Daily chart's candle however Gold remains disconnected from main correlation...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,250.80 entry point, optimal Target remains #2,200.80 psychological benchmark and the only line which stands in between is #2,236.80 Support in extension. Gold is bound to give back some gains with aggressive correction ahead." I have closed my Selling...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,250.80 entry point, optimal Target remains #2,200.80 psychological benchmark and the only line which stands in between is #2,236.80 Support in extension. Gold is bound to give back some gains with aggressive correction ahead." I have closed my Selling...
Technical analysis: The Price-action is currently Trading just above the Hourly 4 chart’s #2,236.80 former Resistance now posing as an Support fractal gaining momentum as the DX is still on aggressive uptrend which by all accounts, haven’t got intention to stop. Gold is approaching again the Higher High’s Upper zone trendline, above the Daily chart’s Ascending...
Technical analysis: The Price-action is currently Trading just above the Hourly 4 chart’s #2,236.80 former Resistance now posing as an Support fractal gaining momentum as the DX is still on aggressive uptrend which by all accounts, haven’t got intention to stop. Gold is approaching again the Higher High’s Upper zone trendline, above the Daily chart’s Ascending...
Technical analysis: Gold is currently on one of the strongest Daily candles since February #14 (not on Daily % change) as the #2,162.80 (my previous Target which I announced lately many times throughout my commentary) fractal Low's wasn't met but constituted an ideal Higher High’s to the emerging Hourly 4 chart’s Ascending Channel. This means that the channel can...
Technical analysis: Gold is currently on one of the strongest Daily candles since February #14 (not on Daily % change) as the #2,162.80 (my previous Target which I announced lately many times throughout my commentary) fractal Low's wasn't met but constituted an ideal Higher High’s to the emerging Hourly 4 chart’s Ascending Channel. This means that the channel can...
As discussed throughout my yesterday's session commentary: "My position: Even though Gold is Buying back every dip (Technically Gold should decline strongly) and DX on relief rally (coupled with Inflation skyrocketing), environment is far from Gold friendly however Gold ignores all those developments and continues to offer non-stop Bullish action. I have Sold Gold...
As discussed throughout my yesterday's session commentary: "My position: Even though Gold is Buying back every dip (Technically Gold should decline strongly) and DX on relief rally (coupled with Inflation skyrocketing), environment is far from Gold friendly however Gold ignores all those developments and continues to offer non-stop Bullish action. I have Sold Gold...
Technical analysis: Gold was close to the important #2,144.80 - #2,152.80 Daily chart’s Support zone test as Price-action was rejected on #2,162.80 - #2,168.80 configuration, which shows how slow to reveal major move Gold has become (not taking Fundamental Buying pressure into account) and didn’t even engaged full scale Selling sequence / even though DX was on...
Technical analysis: Gold was close to the important #2,144.80 - #2,152.80 Daily chart’s Support zone test as Price-action was rejected on #2,162.80 - #2,168.80 configuration, which shows how slow to reveal major move Gold has become (not taking Fundamental Buying pressure into account) and didn’t even engaged full scale Selling sequence / even though DX was on...
Technical analysis: Gold justified Wednesday's session clear U-turn taken from #2,144.80 - #2,152.80 Resistance turned to Support zone while piercing #10-Month rising Resistance close to record High’s currently. Non-stop heavy Buying pressure allowed Buyers to aim for the further upside unless Gold closed the market below #2,200.80 Resistance turned to Support....
Technical analysis: Gold justified Wednesday's session clear U-turn taken from #2,144.80 - #2,152.80 Resistance turned to Support zone while piercing #10-Month rising Resistance close to record High’s currently. Non-stop heavy Buying pressure allowed Buyers to aim for the further upside unless Gold closed the market below #2,200.80 Resistance turned to Support....