goldenBear88

goldenBear88

As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,578.80 entry point / optimal Target remains #2,552.80 benchmark first and if invalidated, #2,527.80 Support in extension. I do believe that Gold's reversal is showcasing signs of heavy exhaustion and correction downwards is ahead (all goes according to my...

goldenBear88

As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,578.80 entry point / optimal Target remains #2,552.80 benchmark first and if invalidated, #2,527.80 Support in extension. I do believe that Gold's reversal is showcasing signs of heavy exhaustion and correction downwards is ahead (all goes according to my...

goldenBear88

Fundamental analysis: Symmetrical Triangle on Hourly 4 chart which had #2,552.80 Target is getting in tight range again as U.S. Treasury attempt to limit the weakness at all costs as their main aim is not to hyper-Inflate the economy. Inflation chart is up on a mere (# +8.00%, in the same time representing ATH values), but Gold is ignoring eminent reversal signs...

goldenBear88

Fundamental analysis: Symmetrical Triangle on Hourly 4 chart which had #2,552.80 Target is getting in tight range again as U.S. Treasury attempt to limit the weakness at all costs as their main aim is not to hyper-Inflate the economy. Inflation chart is up on a mere (# +8.00%, in the same time representing ATH values), but Gold is ignoring eminent reversal signs...

goldenBear88

Quick update: Gold delivered Neutral Rectangle breakout and marching towards #2,600.80 psychological benchmark. I am of course on sidelines comfortably monitoring the Price-action from sidelines as first re-Sell signs are slowly re-appearing. Gold is on Long-term Bullish trend since mid-October #2023 however Ultimate Top should be near. Gold gave away the early...

goldenBear88

Quick update: Gold delivered Neutral Rectangle breakout and marching towards #2,600.80 psychological benchmark. I am of course on sidelines comfortably monitoring the Price-action from sidelines as first re-Sell signs are slowly re-appearing. Gold is on Long-term Bullish trend since mid-October #2023 however Ultimate Top should be near. Gold gave away the early...

goldenBear88

Technical analysis: The Hourly 4 chart’s Neutral Rectangle has currently taken a pause and was Trading sideways following aggressive uptrend (# +1.92% Weekly change) only to tank even more. Based on the Weekly chart’s (#1W) candles since May #1, it is not uncommon to see one more (straight green) candle as I typically expect very High / violent Volatility as...

goldenBear88

Technical analysis: The Hourly 4 chart’s Neutral Rectangle has currently taken a pause and was Trading sideways following aggressive uptrend (# +1.92% Weekly change) only to tank even more. Based on the Weekly chart’s (#1W) candles since May #1, it is not uncommon to see one more (straight green) candle as I typically expect very High / violent Volatility as...

goldenBear88

Technical analysis: Gold was going after the #2,527.80 - #2,532.80 configuration once again, which as I mentioned represents current strong Resistance zone (wall of Resistance lines). It is negative for Buyers that Resistance (Xau-Usd Spot numbers) level held throughout yesterday's and today’s session, as it maintains the Hourly 4 chart’s Ascending Channel local...

goldenBear88

Technical analysis: Gold was going after the #2,527.80 - #2,532.80 configuration once again, which as I mentioned represents current strong Resistance zone (wall of Resistance lines). It is negative for Buyers that Resistance (Xau-Usd Spot numbers) level held throughout yesterday's and today’s session, as it maintains the Hourly 4 chart’s Ascending Channel local...

goldenBear88

As discussed throughout my morning's session commentary: "My position: All goes according to my plan as I engaged my re-Sell order with #2,525.80 entry point, optimal Target remains #2,500.80 benchmark. Rejection here will fill #2,500.80 benchmark Intra-day however on #2,532.80 Neutral Rectangle break-out, I will be out of my order and Gold may pursue #2,552.80...

goldenBear88

As discussed throughout my morning's session commentary: "My position: All goes according to my plan as I engaged my re-Sell order with #2,525.80 entry point, optimal Target remains #2,500.80 benchmark. Rejection here will fill #2,500.80 benchmark Intra-day however on #2,532.80 Neutral Rectangle break-out, I will be out of my order and Gold may pursue #2,552.80...

goldenBear88

As discussed throughout my yesterday's session commentary: "My position: With light calendar throughout the session, I will close my order as near as breakeven and look to re-Sell Gold as Higher as I am able to." Fundamental analysis: The Hourly 4 chart’s Ascending Channel broke to the upside on one of the most aggressive Bullish candle sequence since August...

goldenBear88

As discussed throughout my yesterday's session commentary: "My position: With light calendar throughout the session, I will close my order as near as breakeven and look to re-Sell Gold as Higher as I am able to." Fundamental analysis: The Hourly 4 chart’s Ascending Channel broke to the upside on one of the most aggressive Bullish candle sequence since August...

goldenBear88

Technical analysis: Choppy Trading session so far as the Price-action (Xau-Usd Spot) managed to close above the Daily chart’s Support zone, still giving decent chance to Buyers and so far (throughout today’s session) Gold is Trading above the Support fractal (#2,500.80 - #2,505.80). Hourly 4 chart delivered Double Bottom structure and Technical setting became...

goldenBear88

Technical analysis: Choppy Trading session so far as the Price-action (Xau-Usd Spot) managed to close above the Daily chart’s Support zone, still giving decent chance to Buyers and so far (throughout today’s session) Gold is Trading above the Support fractal (#2,500.80 - #2,505.80). Hourly 4 chart delivered Double Bottom structure and Technical setting became...

goldenBear88

Quick update: Gold invalidated the Daily chart’s Support (in extension, many market closings below Daily chart’s #2,500.80 Support / benchmark), which has now turned into a Short-term Resistance as the first test on the previous Hourly 4 chart’s candle was unsuccessful. The next barrier on my focus is the #2,452.80 benchmark, which I expect to break with relative...

goldenBear88

Quick update: Gold invalidated the Daily chart’s Support (in extension, many market closings below Daily chart’s #2,500.80 Support / benchmark), which has now turned into a Short-term Resistance as the first test on the previous Hourly 4 chart’s candle was unsuccessful. The next barrier on my focus is the #2,452.80 benchmark, which I expect to break with relative...