After successfully managing to achieve 30+ Profits throughout last week, with selling every high strategy, I expect slight pullback on XAUUSD Price in range of 1895-1912, due to the DX inability to breach the 103.500 psychological resistance on h4 chart and expectations of slight pullback on Dollar throughout the week, as the Fridays Jackson Hole Symposium should...
Bearish week ahead for Gold By the begging of the May 2023, the Gold Spot once again tried to reach the ATH resistance at app. 2070,00, same as it did in August 2020, and March 2022, but it failed breaching it. The first time the Price action rejected the previously mentioned resistance in 2020, the Gold managed to lose app. 200,00 Points in the following two...
The Gold rebounding the resistances got caught twice in the last week My last Sundays analysis achieved great success, as I managed to caught two rebounds of resistances throughout last week, which I hugely anticipated to happened. The first profits were achieved on Mondays early EU session, with total profit of 14 Points. I anticipated the rebounds of "1878,...
Strong 15 points profit on Tuesdays early EU session As I wrote during my last week analysis „10 Points of profits with low volatility of Gold price- idea that could be found among related ideas section “, the bullish pressure on Gold’s price after 13 weeks finally got exhausted, as price action lost all of its strength and closed the daily candlestick below...
10 Points of profits with low volatility of Gold throughout last week As I mentioned throughout my last weeks commentary, Golds bullish trend with the beginning of Y2023 continued during the first part of the week that went by, with Price Action testing the 1935-1938 resistance zone on several occasions, finally managing to breach it on Wednesdays mid US...
Bullish week for the Gold ahead of us The Gold is currently trading within healthy bullish rectangle from the very same beginning of Year 2023, and I see no way for turnaround till the end of January. During the previous week, DX- the main counter correlating asset for XAUUSD, did not make any major move and managed to trade neutral both on Daily and H4...
Wyoming meeting should push Gold lower! Even though the Gold failed to breach the strong 1727-1730 support on two occasions throughout the last week (22nd and 23rd of August), the Gold is expected to test the strong support once again, as Fed Chair Powell announced hawkish stance for September's FOMC meeting (which is currently pumping the Dollar price even...
20 Points Profit with Gold still losing its value As I stated in my last week's analysis (can be found among the Link to Related Ideas), the inevitable direction for the Gold Price was psychological barrier of 1750. As Gold breached the 1770 strong support during last mid-week, I opened short position pursuing the 1750 support, aiming for 20 Points profit, and...
Gold reaching the 1950 psychological barrier is inevitable As discussed during my last week's commentary and my prediction of Gold reaching the strong support (the Idea that can be found among "Related Ideas"), the Gold finally managed to reach the 1770-1773 August 2nd and 8th support zone on yesterday's and today's early EU sessions, but failed to breach it...
Gold expected to reach the 1750 by the end of the week Even though the Gold, starting from July 27th, 2022, is continuously gaining value, clear signs of bullish dominance exhaustion are visible on h4 chart. As Head &. Shoulders h4 candlestick pattern is clearly getting visible, and Dollar losing it's value, mostly because of cooler-than-expected U.S. inflation...
17 Points Profit as Gold breached the 1970 resistance on early US session As I mentioned during my last Sunday's Gold Price commentary, I patiently waited for the 1967-1970 resistance to be tested, and once it did, I engaged buying order on XAUUSD, pursuing the 16th May, 2022 and 1st July, 2022 h4 support, which in this case became the strong resistance. My...
Gold is gaining value as the Dollar falls Even though the beginning of the last trading week was bearish for Gold, with Price Action testing, rejecting and bouncing of the 1710-1713 support, bullish signs on short-term were visible by the mid and till the end of the last week, as the both Dollar and US 10 Year Treasury Yields started losing it's value, adding...
XAUUSD failed to breach the Neutral Rectangle Resistance As the late US trading session approached, and the 75 Point US Interest rate hike was unveiled, the DX (currently the main counter- correlating asset for XAUUSD) got rejected near the h4 107.300 resistance zone and bounced back to 106.250 h4 support zone, adding huge buying pressure on Gold, which gained...
19,79 Points Profit as Price Action reached psychological barrier, with position opened on early EU session. As the Gold Spot, by the end of the last week, started trading within bearish rectangle , the Price Action was expected to lose more of its value throughout this week. The 1917,90 represents strong 28th, 30th and 31st March's and 1st-3rd and 5th-6th...
24 Points Profit as Gold approached 1900,90 psychological barrier As I expected throughout my yesterday's late evening commentary (idea among the Related Ideas section), the Gold Spot managed to lose its value on late Asian and early European trading session, with Price Action breaching the lower side of descending triangle pattern on h4 chart (1955,90 support),...
Gold trading within Triangle pattern on h4 chart, with Bearish expectations for the following week The Price Action is currently strongly influenced by the fundamental events which added huge buying pressure on Gold throughout the last week, with XAUUSD trading within healthy ascending channel, finally forming the triangle pattern on late 24th and 25th March h4...
Huge profits as Gold broke the 1973,90 support early week The Gold Spot as expected, after reaching nearly it's ATH, started trading with losses, and currently is trading with "three black crows" candlesticks pattern on daily's chart, showing medium term trend switch. During my Sunday's commentary and analysis, I spotted bearish pattern with 1976,90-1973,90...
15 Points profit achieved as I keept my model throughout the week As I mentioned during my last week's commentary, the 1.950,90 represented strong resistance zone, hence once the Price Action managed to breach it, buyers pushed the price action toward's the 1970,90 resistance. I patiently waited for my model to come up, as the Price Action strongly rejected the...