


Technical analysis: Gold is currently being rejected just above the Higher High’s Higher zone trend-line of the Hourly 4 chart’s Ascending Channel that started with the May #15 Low's. Within that Channel, the Price-action (Xau-Usd spot) always tested the Support zone after strong local Top rejection, so assuming no further Fundamental news breakout (and DX...
Technical analysis: Gold is currently being rejected just above the Higher High’s Higher zone trend-line of the Hourly 4 chart’s Ascending Channel that started with the May #15 Low's. Within that Channel, the Price-action (Xau-Usd spot) always tested the Support zone after strong local Top rejection, so assuming no further Fundamental news breakout (and DX...
As discussed throughout my yesterday's session commentary: "My position: If you took my #3,252.80 benchmark break-out to the upside call you are in excellent Profit by now. I have closed all my Buying orders and especially I am satisfied with Scalp Buying orders from #3,275.80 towards #3,282.80 - #85.80 multiple times. Keep in mind that as long as #3,300.80...
As discussed throughout my yesterday's session commentary: "My position: If you took my #3,252.80 benchmark break-out to the upside call you are in excellent Profit by now. I have closed all my Buying orders and especially I am satisfied with Scalp Buying orders from #3,275.80 towards #3,282.80 - #85.80 multiple times. Keep in mind that as long as #3,300.80...
Technical analysis: Downtrend sequence on DX is what pushed Gold's value Lower as well aggressively while the Intra-day semi uptrend on Gold is what Buyers were expecting and planning ahead. #3,300.80 psychological mark is the next Technical Support on Daily chart and Naturally as long as it holds, the bias is upwards towards the #3,327.80 Resistance (and...
Technical analysis: Downtrend sequence on DX is what pushed Gold's value Lower as well aggressively while the Intra-day semi uptrend on Gold is what Buyers were expecting and planning ahead. #3,300.80 psychological mark is the next Technical Support on Daily chart and Naturally as long as it holds, the bias is upwards towards the #3,327.80 Resistance (and...
Technical analysis: Hourly 4 chart has turned Neutral again as the Price-action pulled back from yesterday's session High’s, testing again the Hourly 4 chart’s #3,202.80 - #3,208.80 configuration which represents Short-term Support cluster. This move is due to the sudden spike on DX as the DX is moving in favor of Gold (falling) and is about to correct the former...
Technical analysis: Hourly 4 chart has turned Neutral again as the Price-action pulled back from yesterday's session High’s, testing again the Hourly 4 chart’s #3,202.80 - #3,208.80 configuration which represents Short-term Support cluster. This move is due to the sudden spike on DX as the DX is moving in favor of Gold (falling) and is about to correct the former...
Technical analysis: Gold continues to Trade within healthy Hourly 4 chart’s Ascending Channel, holding tightly the #3,242.80 - #3,252.80 pressure point as an Resistance zone (see how it held throughout today’s session on the exact spot, aswell holding and untouched in #10-session base). Assuming that the Buying pattern continues, then the current market...
Technical analysis: Gold continues to Trade within healthy Hourly 4 chart’s Ascending Channel, holding tightly the #3,242.80 - #3,252.80 pressure point as an Resistance zone (see how it held throughout today’s session on the exact spot, aswell holding and untouched in #10-session base). Assuming that the Buying pattern continues, then the current market...
Technical analysis: So far so good as my already mentioned multi-Week Sell trend was in extension and final Selling Target was concluded near #3,100.80 benchmark / Weekly Bottom. Oversold Technicals prevailed followed by a strong Buying reversal in form of Bullish candlestick formation that Priced in a Bottom with #3,182.80 - #3,192.80 as new-old Support zone, on...
Technical analysis: So far so good as my already mentioned multi-Week Sell trend was in extension and final Selling Target was concluded near #3,100.80 benchmark / Weekly Bottom. Oversold Technicals prevailed followed by a strong Buying reversal in form of Bullish candlestick formation that Priced in a Bottom with #3,182.80 - #3,192.80 as new-old Support zone, on...
Technical analysis: Double rejection on #3,257.80 - #3,265.80 former Medium-term Support belt (now turned in Short-term Resistance) has proved to be the upside barrier for Gold and the Bear cycle of #Q2 now continues. Daily chart should Technically deliver #3,211.80 Support test, as the Descending Channel has aggressively invalidated almost all Lower levels. The...
Technical analysis: Double rejection on #3,257.80 - #3,265.80 former Medium-term Support belt (now turned in Short-term Resistance) has proved to be the upside barrier for Gold and the Bear cycle of #Q2 now continues. Daily chart should Technically deliver #3,211.80 Support test, as the Descending Channel has aggressively invalidated almost all Lower levels. The...
Technical analysis: Even though the Price-action invalidated the Lower High’s (Hourly 4 chart’s) Ascending Triangle trendline, it failed to test the #3,200.80 benchmark / acting as an first Medium-term Support zone, so Technically Gold is is still near Lower High’s Lower zone extension, and if Price-action closes the session above #3,200.80 benchmark, Gold will...
Technical analysis: Even though the Price-action invalidated the Lower High’s (Hourly 4 chart’s) Ascending Triangle trendline, it failed to test the #3,200.80 benchmark / acting as an first Medium-term Support zone, so Technically Gold is is still near Lower High’s Lower zone extension, and if Price-action closes the session above #3,200.80 benchmark, Gold will...
Technical analysis: Gold is consolidating on Hourly 4 chart after it entered my expected #3,342.80 - #3,322.80 Neutral Rectangle zone with #3,342.80 as an possible stop and local High’s. Upper maximum extension can reach #3,352.80 benchmark / Hourly 4 chart’s extension if Resistance breaks. Both ways, I doubt that Neutral candles will last for long as Gold will...
Technical analysis: Gold is consolidating on Hourly 4 chart after it entered my expected #3,342.80 - #3,322.80 Neutral Rectangle zone with #3,342.80 as an possible stop and local High’s. Upper maximum extension can reach #3,352.80 benchmark / Hourly 4 chart’s extension if Resistance breaks. Both ways, I doubt that Neutral candles will last for long as Gold will...