zlatnirat

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The Gold Spot is currently trading witihin healthy ascending rectangle and is expected to reach the 1967-1970 resistance in the following sessions As I mentioned during my last week's commentary, the Gold Spot (XAUUSD) is currently strongly affected by the main fundamental event which is Russia-Ukraine conflict. As investors use the Gold, among other safer...

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The Gold Spot (XAUUSD) is currently trading within Bulish Rectangle on Daily chart and is expected to reach 12 month high by the end of the week. As I expected during my last week's commentary, the Price Action on Gold Spot, at the very beginning of the week, managed to reach the 1873,90-1877,90 resistance cluster, but failed to breach it and rebounded back to...

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As Russia-Ukraine conflict emerged, the Gold once again proven to be safe heaven asset. All eyes are currently on Russia-Ukraine conflict, which during the last week had big impact on Markets, mostly on US Stocks (Nasdaq and S&P), US10Y, Oil, Gas and Gold. Several countries (USA, UK, Australia, Netherlands, Norway, Denmark, Latvia) communicated to their...

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Bullish Gold rally throughout the last week with no major trend changes expected for the following one. Even though the last week had a lack of big fundamental events that could possibly move the markets with huge volatility, the XAUUSD Price Action managed to make bullish upswing, trading approximately 17 points to the upper side (even testing the 1848...

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21 Points of total profit as I kept my Position open throughout the week The Gold Spot, once again, managed to reach the 1828,90 strong resistance and did not get enough momentum to break it, which makes it 4th time in the last 6 months that this type of rejection happens. In my last two articles I wrote about how this week's four big fundamental events could...

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11 Points profit, as the Gold Spot managed to breach h4 1807,90 resistance and the position is still running As I anticipated during my last Sunday's commentary, the Gold Spot managed to breach the strong 1.807,90 resistance and is still rising towards the 1.828,90 strong resistance that Price action manage to reject 4 times in the last six months. The Federal...

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Gold partially regained its losses; NFP report lower than expected 3rd-7th January comments As I predicted during my last weeks commentary on Gold Spot, US Non-farm Payrolls, the report which measures the number of people employed during the previous month, excluding the farming industry, showed numbers lower than expected (actual 199K; expected 400K), which...

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As response to Decembers Fed's meeting minutes, Gold broke the 1797,90 support and 9 Point profit was achieved. Even though the Feds 15-16 December meeting minutes should have provided us with more information regarding faster interest rate hikes and faster asset tapering, neither of mentioned was clearly defined, showing the low strengthening of the economy,...

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Gold, as expected during my last week's commentary, rebounded the 1828,90 strong resistance and partially formed the C&H pattern. As I predicted on my 24th December Gold's commentary, the Gold Spot price action, by the end of Y2021, was bullish and reached #1828,90 strong resistance, partially forming the Cup and Handle Pattern on daily's chart. The strong...

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Bullish Rectangle broken throughout yesterday's EU session Even though the Gold Spot had decent upswing throughout the yesterday's early EU session (forming Ascending Rectangle ), with Price Action breaking the h4 1.808,90-#1.811,90 resistance and both correlating assets DXY and US10Y trading with the appreciably losses, the Gold Spot found it's resistance on...

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Medium Term prediction on Gold Spot if daily's chart candle closes above the #1804,90-#1807,90 resistance zone As expected during the last week, Monday EU opening session provided us with low market volatility, with Gold (XAUUSD) trading within H4 neutral rectangle. The Dollar Index and US10Y also had no major movements until US session approached, when both...

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General commentary on Gold Spot (XAUUSD) by the end of the 2021 Even though the holiday time usually provide us with low market volatility, by the end of year 2021 I expect bullish price action, possibly forming the Cup and Handle candlestick pattern. The Price action is currently trading within 9th July, 23rd August, 14th September and 25th October resistance...

zlatnirat Updated 

Long term Gold Analysis Overall commentary on gold For centuries, Gold represented the safe heaven asset, and looking at weekly XAUUSD (Goldspot) chart it is noticeable that from the beginning and during every great crisis or repression, Gold was the safest asset to invest in. As the 2007-2008 financial crisis started, gold price began rising. It rose cca...