


goldenBear88
PremiumOn Friday's session I witnessed (once again) how Fundamentals (reports) can momentarily distort Technical trends, as a seemingly Bearish Hourly 4 Chart (besides Channel Up) candle closed positive as an disastrous #4th event was out of the ordinary and this kind of sequence didn’t occurred for more than #12 Years. The Bearish Daily trend of the Channel Down was...
Gold remains heavily pressured on a #1 Day basis as #1,717.80 didn’t rejected the Price-action, currently Trading on #1,735.80. The trend is approaching the #1,740.80 point as I am expecting the first signs of Support at #1,715.80 where Hourly 4 #MA50 is. If #MA50 breaks, expect #1,703.80 former Support test and #1,695.80 extension. However, if #1,715.80 holds,...
Gold remains heavily pressured on a #1 Day basis as #1,717.80 didn’t rejected the Price-action, currently Trading on #1,735.80. The trend is approaching the #1,740.80 point as I am expecting the first signs of Support at #1,715.80 where Hourly 4 #MA50 is. If #MA50 breaks, expect #1,703.80 former Support test and #1,695.80 extension. However, if #1,715.80 holds,...
The Price-action managed to reject the Bullish leg from #1,717.80 zone, even though that the stabilization on Usd-Jpy is still not achieved. Both, Usd-Jpy pair and Stock markets are on a very sharp drop as both assets sell-off resulted as Bullish action on Gold. Especially the fact that Bond markets broken the Support on Daily chart (which is a good sign for Gold...
The Price-action managed to reject the Bullish leg from #1,717.80 zone, even though that the stabilization on Usd-Jpy is still not achieved. Both, Usd-Jpy pair and Stock markets are on a very sharp drop as both assets sell-off resulted as Bullish action on Gold. Especially the fact that Bond markets broken the Support on Daily chart (which is a good sign for Gold...
Despite the Technical fair value of Gold (Spot prices) test (around #1,680.80), Gold didn’t collapsed since Fundamentals once again distorted Technical trends and postponed my expectations. Usd-Jpy pair took a decent hammering as the Price-action strongly bounced back from Resistance levels and tested Higher Low zone, which added huge Buying pressure on Gold which...
Despite the Technical fair value of Gold (Spot prices) test (around #1,680.80), Gold didn’t collapsed since Fundamentals once again distorted Technical trends and postponed my expectations. Usd-Jpy pair took a decent hammering as the Price-action strongly bounced back from Resistance levels and tested Higher Low zone, which added huge Buying pressure on Gold which...
Following yesterday’s spread divergence on Gold’s Spot-prices ( Xau-Usd ) and Gold Futures are attempting a balance and they are pretty close at the moment which indicates that Gold should be Trading according the Technical rules. My focus is on Spot-prices as always which were rising on the Asian session and printed Bullish Hourly 1 candle as E.U. session...
Following yesterday’s spread divergence on Gold’s Spot-prices (Xau-Usd) and Gold Futures are attempting a balance and they are pretty close at the moment which indicates that Gold should be Trading according the Technical rules. My focus is on Spot-prices as always which were rising on the Asian session and printed Bullish Hourly 1 candle as E.U. session...
As expected, Monday’s opening delivered flat E.U. session including Spinning Top’s on Gold (usual indecision candlestick pattern). Besides the idle start, Usd-Jpy pair is Trading on Weekly highs, DX is on a decent upswing - but as mentioned on my previous analysis, the biggest marker on the Short-term basis is the Stock markets, which are also Trading above Daily...
As expected, Monday’s opening delivered flat E.U. session including Spinning Top’s on Gold (usual indecision candlestick pattern). Besides the idle start, Usd-Jpy pair is Trading on Weekly highs, DX is on a decent upswing - but as mentioned on my previous analysis, the biggest marker on the Short-term basis is the Stock markets, which are also Trading above Daily...
Gold broke the last barrier of #1,705.80 on spot prices (as expected), confirming the downside wave towards the Daily Support zone. I engaged set of Sells with #1705.80 (from #1,720.80) Target which was hit/tested on Intra-day basis while I booked decent Profits on the Selling sequence (#1,720.80 - #1,702.60). This is an important crossroads for Gold because...
Gold broke the last barrier of #1,705.80 on spot prices (as expected), confirming the downside wave towards the Daily Support zone. I engaged set of Sells with #1705.80 (from #1,720.80) Target which was hit/tested on Intra-day basis while I booked decent Profits on the Selling sequence (#1,720.80 - #1,702.60). This is an important crossroads for Gold because...
Yesterday's Bullish Price-action came as no Technical surprise and was rising on a combination of Fundamental reports announcements and Technical natural Bullish correction. It is closely related to currency volatility, the price in near equilibrium with Usd-Jpy also on Weekly scale and even if the pair completes its Diagonal consolidation, Gold should not...
Yesterday's Bullish Price-action came as no Technical surprise and was rising on a combination of Fundamental reports announcements and Technical natural Bullish correction. It is closely related to currency volatility, the price in near equilibrium with Usd-Jpy also on Weekly scale and even if the pair completes its Diagonal consolidation, Gold should not...
Price fluctuation and aggressive volatility came as no surprise after yesterday’s U.S. session opening which caused Stock markets to trade sideways and add unnecessary uncertainty on Gold which resulted as #23$ dip towards my Target. I have successfully closed my set of Sells with decent Profits yesterdays . Hourly 4 chart turned Bearish but Daily chart stayed...
Price fluctuation and aggressive volatility came as no surprise after yesterday’s U.S. session opening which caused Stock markets to trade sideways and add unnecessary uncertainty on Gold which resulted as #23$ dip towards my Target. I have successfully closed my set of Sells with decent Profits yesterdays . Hourly 4 chart turned Bearish but Daily chart stayed...
Gold has made an important Bearish step towards reversal sustainability as it almost printed Three Black Crows formation (Third candle almost printed). #1,695.80 Support was aggressively broken as I closed my first set of Sells (from #1,703.80 to #1,687.80) with great Profits. Gold is of course still Bearish on Medium-term (as I advised) and Congrat's to...