


goldenBear88
PremiumAs expected, Gold is Trading on my predicted values within a Channel Down since the 5th March. This Channel Down has a clear Lower High zone Lower Low zone. This is where a long term trade Sells and Buys respectively (this is an usual sign of indecision). Now, since November 12th the price has put a temporary stop to the downtrend as it hasn't made a new Lower...
Aggressive volatility came as no surprise as pre-FED rate candles are arriving. I successfully preserved my account and since I am certain in my Selling outlook, I am patiently waiting for new opportunity to add another set of Sells. The price is back up on Daily levels and traders who engaged Buys again were tricked into their false beliefs since they didn’t...
Aggressive volatility came as no surprise as pre-FED rate candles are arriving. I successfully preserved my account and since I am certain in my Selling outlook, I am patiently waiting for new opportunity to add another set of Sells. The price is back up on Daily levels and traders who engaged Buys again were tricked into their false beliefs since they didn’t...
Once again Fundamentals distorted Technical proper trend (Bearish) with unexpected aggressive Gap on DX and Stocks which added huge Bullish pressure on Gold. With aggressive rise on E.U. opening on Friday, Gold has continued trading in a Wedge on Daily chart as Friday's #1,670.70 is a Higher High and #1,655.70 a Lower High. I am waiting for "middle" to be broken...
Once again Fundamentals distorted Technical proper trend (Bearish) with unexpected aggressive Gap on DX and Stocks which added huge Bullish pressure on Gold. With aggressive rise on E.U. opening on Friday, Gold has continued trading in a Wedge on Daily chart as Friday's #1,670.70 is a Higher High and #1,655.70 a Lower High. I am waiting for "middle" to be broken...
Gold was among the winners of the Fed's decision this week. Valuable ground's given and #1,600.70 looks unreachable for at least #2 sessions. Investors clearly show their interest to try riskier assets like equities and as long as Stocks continue to rise (Currently on Ascending Channel), Gold will keep losing ground (that is what I am waiting for). Daily chart...
Gold was among the winners of the Fed's decision this week. Valuable ground's given and #1,600.70 looks unreachable for at least #2 sessions. Investors clearly show their interest to try riskier assets like equities and as long as Stocks continue to rise (Currently on Ascending Channel), Gold will keep losing ground (that is what I am waiting for). Daily chart...
Another High on the emerging Hourly 4 Channel Up which was testing the #1,650.70 mark quickly entered the Overbought territory. It is more than obvious that Gold is spiked up by Fed Rate announcement and confirmed the Bullish aggressive Daily Gap fill. On the World’s political uncertainty as both correlating markets are moving on a much slower pace (yesterday's...
Another High on the emerging Hourly 4 Channel Up which was testing the #1,650.70 mark quickly entered the Overbought territory. It is more than obvious that Gold is spiked up by Fed Rate announcement and confirmed the Bullish aggressive Daily Gap fill. On the World’s political uncertainty as both correlating markets are moving on a much slower pace (yesterday's...
I closed my set of Buys I engaged this morning with extra-ordinary Profits! New High formed at #1,630.70 as Hourly 4 Channel Up continued rising after Fed rate report. This may suggest that the Channel Up requires small consolidation (few $ down) before it moves lower or a Higher High push further. In any case, last week's Weekly candle was so strong that it...
I closed my set of Buys I engaged this morning with extra-ordinary Profits! New High formed at #1,630.70 as Hourly 4 Channel Up continued rising after Fed rate report. This may suggest that the Channel Up requires small consolidation (few $ down) before it moves lower or a Higher High push further. In any case, last week's Weekly candle was so strong that it...
I have closed my Set of Sells with excellent Profit. Gold is so far holding the #1,580.70 Belt and Hourly 4 chart after pricing its Lower High, it is extending its Channel Up with #1,632.70 as the next Higher High Target. Despite another day of rebound on Stocks, Gold is less affected as it continues to be more tied to DX ( Gold # +0.28%, DX # -0.35%). Note how...
I have closed my Set of Sells with excellent Profit. Gold is so far holding the #1,580.70 Belt and Hourly 4 chart after pricing its Lower High, it is extending its Channel Up with #1,632.70 as the next Higher High Target. Despite another day of rebound on Stocks, Gold is less affected as it continues to be more tied to DX (Gold # +0.28%, DX # -0.35%). Note how...
New Low formed at #1,489.90 as Hourly 5 assuming control of the downtrend on a smaller scale with Daily chart still not becoming oversold. This may suggest that the Channel Down requires small consolidation (few $ up) before it moves lower or a Lower High push near #1,487.70. In any case, last week's Weekly candle was so strong that it erased 50% of the gains of...
Gold almost tested #1,491.20 Low yesterday, which is the first Support on Daily chart. What keeps Gold pulling back after every dip is USA-China trade settlement and weak DX. Since it got rejected at #1,504.20 and we are already on the second straight bearish Daily candle, I will treat that as a technical Double Top rejection with the next technical stop on the...
As I noted yesterday, Gold is in inevitable Bear market. Now, we got space for small correction on Gold, but in meantime, DX had a Bullish confirmation which was a catalyst for Bearish wave on Gold. DX had a strong reversal but technically it should be on a selling pressure since US equities are in huge crisis. Of course, we are engaging a new Short and taking all...
I essentially have nothing to add as the start to this (Weekly) candle is almost flat. The pattern is a Descending Channel and only a crossing #1,500.20 can keep a sustainable downtrend on Hourly 5 chart, though the bullish reversal bias from this point is not in it's strongest effect like it was in previous days. The scalpers of Friday's suggested range should...
Gold has been rising on very low volume since Dec 14. When I shorted #1,467.80, I expected prices below #1,448.20 as a fair value of Gold, but what kept Gold and pushed it up is incoming capital of investors and strong DX. I miscalculated short term Gold trend but now we got DX working on our side, initiating the last chain fall to #1,450.80. I am waiting for this...