As discussed throughout my yesterday's session commentary: "My position: As long as DX is Trading on disappointing numbers, I will Buy every dip on Gold. My current order, Buy with #2,908.80 entry point / optimal Target remains #2,922.80 - #2,927.80 Resistance zone."
I have closed my #2,908.80 entry point Buy on #2,919.80 on a fine #11-point Profit and didn't entered the market later on throughout the session.
Technical analysis: As discussed on my previous commentary about fragile DX standard (right now it's few percents up) Gold is already giving new signs of Bullish continuation (however it is important to keep Bullish underlying Medium-term trend on Top of the importance list). Current Buying spike on Gold came as no surprise as Gold does not represent anymore (as it has been) sole hedge against Inflation, as current Trading week is projected to be Bearish for DX (still without firm recovery and near Higher Low’s extension - High's / Low's), hence Bullish and should be adding Buying pressure on Hourly 4 chart’s on Gold. Technically, I am certain in late January’s Resistance Higher High's break-out and continuation of Technical Bullish perspective (once the Fundamental pressure is priced in and digested by market where Price-action is expected to find itself soon enough). Taking all aspects in consideration, I expect aggressive spikes to the upside on Gold where I will be Buying every dip on Gold.
My position: Keep Buying every dip on Gold.
I have closed my #2,908.80 entry point Buy on #2,919.80 on a fine #11-point Profit and didn't entered the market later on throughout the session.
Technical analysis: As discussed on my previous commentary about fragile DX standard (right now it's few percents up) Gold is already giving new signs of Bullish continuation (however it is important to keep Bullish underlying Medium-term trend on Top of the importance list). Current Buying spike on Gold came as no surprise as Gold does not represent anymore (as it has been) sole hedge against Inflation, as current Trading week is projected to be Bearish for DX (still without firm recovery and near Higher Low’s extension - High's / Low's), hence Bullish and should be adding Buying pressure on Hourly 4 chart’s on Gold. Technically, I am certain in late January’s Resistance Higher High's break-out and continuation of Technical Bullish perspective (once the Fundamental pressure is priced in and digested by market where Price-action is expected to find itself soon enough). Taking all aspects in consideration, I expect aggressive spikes to the upside on Gold where I will be Buying every dip on Gold.
My position: Keep Buying every dip on Gold.
- 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.