As discussed throughout my yesterday's session commentary: "My position: I have successfully re-Sold Gold from #3,000.80 moments ago which delivered decent Profit as I await new chance to re-Sell from same vicinity. If however #2,978.80 gives away, sole development will have #2,952.80 benchmark as an most viable Target which I will pursue. Trade accordingly."
Technical analysis: As expected, Gold closed the session above #3,000.80 psychological benchmark and naturally Buyers took the Price-action towards #3,052.80 benchmark which is so far uncharted territory. Personally, as long as #3,000.80 benchmark / firm Support holds, Gold will be Buying option without more serious correction. For the moment, I don't spot opportunity worth taking on a horizon as Gold continues to mimic DX movements which is still within Neutral Rectangle. I will approach with extreme care and I will only engage promising setups (firm Resistance / Support breaks backed by DX / Yields confirmation). Therefore, Gold may continue to soar more or even decline strongly while keeping close track of DX (# -0.37%) chart, as momentum can shift on Hourly basis on Gold. I am rest assured that Gold will touch #3,000.80 benchmark within this week’s borders once again and if it remains preserved, #3,000.80 - #3,052.80 is belt to Trade ahead for us however Gold remains under critically Overbought condition.
My position: Since Gold is on uncharted territory, I will await more and only then make my move. I will Buy every dip opportunity on Gold as long as Gold is Trading above #3,000.80 benchmark.
Technical analysis: As expected, Gold closed the session above #3,000.80 psychological benchmark and naturally Buyers took the Price-action towards #3,052.80 benchmark which is so far uncharted territory. Personally, as long as #3,000.80 benchmark / firm Support holds, Gold will be Buying option without more serious correction. For the moment, I don't spot opportunity worth taking on a horizon as Gold continues to mimic DX movements which is still within Neutral Rectangle. I will approach with extreme care and I will only engage promising setups (firm Resistance / Support breaks backed by DX / Yields confirmation). Therefore, Gold may continue to soar more or even decline strongly while keeping close track of DX (# -0.37%) chart, as momentum can shift on Hourly basis on Gold. I am rest assured that Gold will touch #3,000.80 benchmark within this week’s borders once again and if it remains preserved, #3,000.80 - #3,052.80 is belt to Trade ahead for us however Gold remains under critically Overbought condition.
My position: Since Gold is on uncharted territory, I will await more and only then make my move. I will Buy every dip opportunity on Gold as long as Gold is Trading above #3,000.80 benchmark.
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.