


goldenBear88
PremiumThe Hourly 4 Channel Down is intact but the #1,713.80 Support and this week's Low is holding. So far the Trend is still fully Bearish with steady negative Channel, and there are higher chances of a pullback on the Weekly time-frame as this is near the #2-month Higher High trendline. However, confirmation will only come if #1,713.80 breaks (Xau-Usd on my comments)...
New Lower Low on the Hourly 4 chart is visible with the trend now even more Bearish as the #MA50 broke (June #15) and Resistance hasn't yet been re-tested (#1,744.80). If strong break happens again, then this will be the first time that the Hourly 4 #MA50 will be tested as a Resistance since May #27 since I see decent potential for big decline on Gold. The...
New Lower Low on the Hourly 4 chart is visible with the trend now even more Bearish as the #MA50 broke (June #15) and Resistance hasn't yet been re-tested (#1,744.80). If strong break happens again, then this will be the first time that the Hourly 4 #MA50 will be tested as a Resistance since May #27 since I see decent potential for big decline on Gold. The...
Gold (Xau-Usd numbers on my comments) yesterday broke the #1,713.80 Intra-day Support on the current Monthly #15 candle and (marginally) made a new Weekly Low. This is yet not enough though as I needed to close the current Hourly 4 candle below the #MA50 (which is now at #1,713.70) to confirm the downward continuation. So far though I already have #3 wicks on the...
Gold (Xau-Usd numbers on my comments) yesterday broke the #1,713.80 Intra-day Support on the current Monthly #15 candle and (marginally) made a new Weekly Low. This is yet not enough though as I needed to close the current Hourly 4 candle below the #MA50 (which is now at #1,713.70) to confirm the downward continuation. So far though I already have #3 wicks on the...
Excellent Bearish developments on Hourly 1 basis as I am expecting deeper Bearish sequence with #1,695.80 extension. I have closed my set of Sells (Intra-day from #1,718.80 to session Low #1,704.80) with excellent Profits and still I am not interested in Buying the market. The FOMC repeated their monetary action plan that the market already knew (low rates until...
Excellent Bearish developments on Hourly 1 basis as I am expecting deeper Bearish sequence with #1,695.80 extension. I have closed my set of Sells (Intra-day from #1,718.80 to session Low #1,704.80) with excellent Profits and still I am not interested in Buying the market. The FOMC repeated their monetary action plan that the market already knew (low rates until...
After exactly #1 Month of Trading (the #1,744.80 High during June), the Daily Rectangle should break to the downside and that constitutes an automatic Bearish break-out call. Hourly 4 chart turned Bearish again and every pullback on the Hourly 4 scale is again a Sell opportunity (Death Cross supports the formation). Technically Hourly 4 chart is a decent Channel...
After exactly #1 Month of Trading (the #1,744.80 High during June), the Daily Rectangle should break to the downside and that constitutes an automatic Bearish break-out call. Hourly 4 chart turned Bearish again and every pullback on the Hourly 4 scale is again a Sell opportunity (Death Cross supports the formation). Technically Hourly 4 chart is a decent Channel...
Gold (Xau-Usd on my comments) is now ranging as the signs of exhaustion from both the Wall Street Fed stimulus rally and DX’s decline are showing up. Technically the Price-action is Neutral on Hourly 1 within #1,730’s belt. However, Price-action broken the #1,711.80 Support and immediately bought back as an Buying pressure from Stock markets. Stock markets soared...
Gold (Xau-Usd on my comments) is now ranging as the signs of exhaustion from both the Wall Street Fed stimulus rally and DX’s decline are showing up. Technically the Price-action is Neutral on Hourly 1 within #1,730’s belt. However, Price-action broken the #1,711.80 Support and immediately bought back as an Buying pressure from Stock markets. Stock markets soared...
No surprises at the moment, as the session with strong significance is ahead, with DX related reports - Stock markets on a decline and the reason for Gold's obvious Buying pressure on Hourly 1 chart within #1,720’s belt. U.S. session opening Bell should add Volatility as the Price-action is Trading around the obvious Moving Average #50 on Hourly 4 chart. Buying...
No surprises at the moment, as the session with strong significance is ahead, with DX related reports - Stock markets on a decline and the reason for Gold's obvious Buying pressure on Hourly 1 chart within #1,720’s belt. U.S. session opening Bell should add Volatility as the Price-action is Trading around the obvious Moving Average #50 on Hourly 4 chart. Buying...
Strong recovery so far almost hitting the #1,705.80 benchmark, in the outcome of yet another lower than expected E.U. opening that is typically Bullish tor Gold (Intra-day). The Stock markets are consolidating, having seemingly reached a Weekly peak. This continues to be Bearish for Gold as I see a max Top within #1,710.80 - #1,717.80 for now. If broken, I will...
Strong recovery so far almost hitting the #1,705.80 benchmark, in the outcome of yet another lower than expected E.U. opening that is typically Bullish tor Gold (Intra-day). The Stock markets are consolidating, having seemingly reached a Weekly peak. This continues to be Bearish for Gold as I see a max Top within #1,710.80 - #1,717.80 for now. If broken, I will...
Irregular movements on yesterday's session/Short-term as Gold (Xau-Usd on my reports) continues to Trade sideways within the #1,680’s belt / #1,695.80 Resistance and #1,671.80 Support on the Hourly 1 chart. If I can draw anything positive out of the yesterday’s session, is that Gold revealed the underlying Short-term trend - Bearish. I expect small correction on...
Irregular movements on yesterday's session/Short-term as Gold (Xau-Usd on my reports) continues to Trade sideways within the #1,680’s belt / #1,695.80 Resistance and #1,671.80 Support on the Hourly 1 chart. If I can draw anything positive out of the yesterday’s session, is that Gold revealed the underlying Short-term trend - Bearish. I expect small correction on...
E.U. session opening delivered weak response to yesterday's Buying sequence and the Hourly 4 #MA200 (#1,717.80) have been clearly broken and that gave the green light for the second mini Bullish leg towards #1,732.80. As mentioned yesterday that would be a Higher High and only after hitting the Higher High - the Price-action will reveal Gold's underlying trend....