goldenBear88

goldenBear88

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...

goldenBear88

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...

goldenBear88

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...

goldenBear88

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...

goldenBear88

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...

goldenBear88

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...

goldenBear88

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...

goldenBear88

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...

goldenBear88

Technical analysis: Wednesday’s session Inverted Hammer practically took Gold nowhere as Hourly 1 chart remained ranged within Higher High’s Upper and Lower zone, closing out last and this week on an expected positive note. The Monthly (#1M) candle remains on decent gains (# +11.57%) and the last two sessions on the second Highest Volume throughout April - May...

goldenBear88

Technical analysis: Wednesday’s session Inverted Hammer practically took Gold nowhere as Hourly 1 chart remained ranged within Higher High’s Upper and Lower zone, closing out last and this week on an expected positive note. The Monthly (#1M) candle remains on decent gains (# +11.57%) and the last two sessions on the second Highest Volume throughout April - May...

goldenBear88

Technical analysis: Nothing irregular at the moment on the Short-term as Gold (Xau-Usd Spot) continues to Trade on Buying extension taken from local Low's Bullish accumulation within #3,370’s zone with clear Resistance point, and Support levels / ready to deliver the breakout I was after. I highlighted many times recently that every / more serious decline may...

goldenBear88

Technical analysis: Nothing irregular at the moment on the Short-term as Gold (Xau-Usd Spot) continues to Trade on Buying extension taken from local Low's Bullish accumulation within #3,370’s zone with clear Resistance point, and Support levels / ready to deliver the breakout I was after. I highlighted many times recently that every / more serious decline may...

goldenBear88

As discussed throughout my yesterday's session commentary: "Technical analysis: Gold is being kept below the Hourly 4 chart’s Resistance zone of #3,292.80 - #3,300.80 despite the rejection on DX and continuous rise on equities, Gold didn’t manage to prepare the terrain for further the uptrend, according to my Technical estimations. Besides the High Selling Volume...

goldenBear88

As discussed throughout my yesterday's session commentary: "Technical analysis: Gold is being kept below the Hourly 4 chart’s Resistance zone of #3,292.80 - #3,300.80 despite the rejection on DX and continuous rise on equities, Gold didn’t manage to prepare the terrain for further the uptrend, according to my Technical estimations. Besides the High Selling Volume...

goldenBear88

Technical analysis: Gold is being kept below the Hourly 4 chart’s Resistance zone of #3,292.80 - #3,300.80 despite the rejection on DX and continuous rise on equities, Gold didn’t manage to prepare the terrain for further the uptrend, according to my Technical estimations. Besides the High Selling Volume and evident Price-action showcasing of Bearish trend...

goldenBear88

Technical analysis: Gold is being kept below the Hourly 4 chart’s Resistance zone of #3,292.80 - #3,300.80 despite the rejection on DX and continuous rise on equities, Gold didn’t manage to prepare the terrain for further the uptrend, according to my Technical estimations. Besides the High Selling Volume and evident Price-action showcasing of Bearish trend...

goldenBear88

Technical analysis: Gold naturally found Buyers as Buying pressure is evident on the charts from DX on Selling sequence. It is important to note that #3,300.80 is new / old Resistance, which was near Weekly High’s as Price-action could find strong rejection there and deny the Buying response in extension. If broken, Price-action will be calling for #3,327.80...

goldenBear88

Technical analysis: Gold naturally found Buyers as Buying pressure is evident on the charts from DX on Selling sequence. It is important to note that #3,300.80 is new / old Resistance, which was near Weekly High’s as Price-action could find strong rejection there and deny the Buying response in extension. If broken, Price-action will be calling for #3,327.80...