goldenBear88

goldenBear88

Gold remains heavily pressured on a #1 Day basis as #1,698.80 rejection resembles January #21 Hourly 4 Resistance, making more and more Investors spotting Bearish Gold sentiments and slowly starting to withdraw their capital from Gold and parking it to more riskier assets (Stocks, Equities). The price is approaching the #1,688.70 point again as I am expecting the...

goldenBear88

Gold has made first test of the #1,674.80 psychological barrier as I closed my first set of Sells (#1,705.80 to #1,674.80) with decent Profits and so far it is holding as a Support. Congrat's who followed my call. Daily chart has marginally broken to the downside (still healthy Bearish outlook non-Overbought Williams% - Daily chart) but as I said on the previous...

goldenBear88

Gold has made first test of the #1,674.80 psychological barrier as I closed my first set of Sells (#1,705.80 to #1,674.80) with decent Profits and so far it is holding as a Support. Congrat's who followed my call. Daily chart has marginally broken to the downside (still healthy Bearish outlook non-Overbought Williams% - Daily chart) but as I said on the previous...

goldenBear88

As I expected, the Hourly 4 chart #1,725.80 has worked as a Resistance and as mentioned previously rejected the price (Xau-Usd on my analysis) back below the #1,705.80 Support which triggered my Sell order towards the day's Lower High. This is certainly a Bearish sign and since the U.S. Fundamental reports reported higher readings than the forecast, the DX picked...

goldenBear88

As I expected, the Hourly 4 chart #1,725.80 has worked as a Resistance and as mentioned previously rejected the price (Xau-Usd on my analysis) back below the #1,705.80 Support which triggered my Sell order towards the day's Lower High. This is certainly a Bearish sign and since the U.S. Fundamental reports reported higher readings than the forecast, the DX picked...

goldenBear88

Despite today's E.U. opening pullback Gold is showing high durability as it remains on Higher High relative to Tuesday's and Monday's Higher Low’s. Despite the new High lately on Stock markets, the continuous dip on Bonds and of course the parabolic Hourly 4 chart rise on DX resulted on Gold that it hasn't made a new Low this week, making me believe that the...

goldenBear88

Despite today's E.U. opening pullback Gold is showing high durability as it remains on Higher High relative to Tuesday's and Monday's Higher Low’s. Despite the new High lately on Stock markets, the continuous dip on Bonds and of course the parabolic Hourly 4 chart rise on DX resulted on Gold that it hasn't made a new Low this week, making me believe that the...

goldenBear88

As I noted yesterday on my report, Gold (Xau-Usd) reached Top by strongly rejecting the Price-action and should slowly start losing value with new downside action. I once more witnessed that the market is pretty unstable these days and that I should approach Fed hikes with extreme caution since they always bring turbulence on the markets (Technical trends get...

goldenBear88

As I noted yesterday on my report, Gold (Xau-Usd) reached Top by strongly rejecting the Price-action and should slowly start losing value with new downside action. I once more witnessed that the market is pretty unstable these days and that I should approach Fed hikes with extreme caution since they always bring turbulence on the markets (Technical trends get...

goldenBear88

Gold has been rising against all Technical rules and once again Technical proper trend was distorted by Fundamental potential. Fed fueled Gold rise is nothing more than a unpredictable reaction as Gold was representing once again Safe-haven which nobody had proper argument to foresee and predict. Investors parked their capital in Gold from insecure assets and...

goldenBear88

Gold has been rising against all Technical rules and once again Technical proper trend was distorted by Fundamental potential. Fed fueled Gold rise is nothing more than a unpredictable reaction as Gold was representing once again Safe-haven which nobody had proper argument to foresee and predict. Investors parked their capital in Gold from insecure assets and...

goldenBear88

Gold has been rising on very High volume same as on December #14. When I shorted #1,595.70, I expected prices below #1,540.80 as a fair value of Gold, but what kept Gold and pushed it up - my only legitimate explanation is Investors using Gold as a safe haven and parking capital in the metals. I miscalculated Short-term Gold trend as all correlating assets should...

goldenBear88

Gold has been rising on very High volume same as on December #14. When I shorted #1,595.70, I expected prices below #1,540.80 as a fair value of Gold, but what kept Gold and pushed it up - my only legitimate explanation is Investors using Gold as a safe haven and parking capital in the metals. I miscalculated Short-term Gold trend as all correlating assets should...

goldenBear88

Price-action bounced back well enough on the #1,615.80 level (which is the former Weekly Resistance and filled nicely Monday's gap) and reached movement Top according to my Technical analysis. On the Hourly 1 chart, Gold is using the #MA200 as Support (see how it makes Lower High on it), so that may build up a new downtrend. I am keeping my set of Sells and will...

goldenBear88

Price-action bounced back well enough on the #1,615.80 level (which is the former Weekly Resistance and filled nicely Monday's gap) and reached movement Top according to my Technical analysis. On the Hourly 1 chart, Gold is using the #MA200 as Support (see how it makes Lower High on it), so that may build up a new downtrend. I am keeping my set of Sells and will...

goldenBear88

Gold reached the #1,589.70 mark yesterday but didn't break it, and instead made it a Support as the Buying pressure from the Hourly 4 chart #MA50 weighed more with DX dip in addition. The price is rebounding back to yesterday's Asian session Low’s #1,588.70, Hourly 4 is fully Bearish but Daily chart remains Neutral. Hourly 4 chart printed Descending Channel and...

goldenBear88

Gold reached the #1,589.70 mark yesterday but didn't break it, and instead made it a Support as the Buying pressure from the Hourly 4 chart #MA50 weighed more with DX dip in addition. The price is rebounding back to yesterday's Asian session Low’s #1,588.70, Hourly 4 is fully Bearish but Daily chart remains Neutral. Hourly 4 chart printed Descending Channel and...

goldenBear88

Gold has eventually tested (or better yet currently below) the #1,595.70 Support that I have been referring to since March #12, which is the symmetrical level from the September #24th High (Lower High of last year's downtrend). Gold easily dipped yesterday and almost touched #1,565.70 second strong Support. This is a strong Short-term Support level to consider and...