goldenBear88

goldenBear88

As expected Gold made a strong Technical rebound provided by the Weekly #MA50 (the candle is still open of course but this is the reason behind it) and my #1,590.80 break out condition has big chances to be met. The Hourly 4 chart printed an evident W formation and now on a Higher High for the first time since March 9th and the #1,680.70 peak. Even Daily switched...

goldenBear88

I have closed my first set of Buys with decent Profits on this #40$ Bull run, holding the second set. Gold continues to consolidate on the Hourly 4 chart as the #1,465.80 - #1,450.80 Support zone was holding the price strongly. The Bearish U.S. data yesterday were unable to stop the DX from making another parabolic jump as it continues to monopolize the safe...

goldenBear88

I have closed my first set of Buys with decent Profits on this #40$ Bull run, holding the second set. Gold continues to consolidate on the Hourly 4 chart as the #1,465.80 - #1,450.80 Support zone was holding the price strongly. The Bearish U.S. data yesterday were unable to stop the DX from making another parabolic jump as it continues to monopolize the safe...

goldenBear88

Gold could rise above #1,700.80 per ounce if the Federal Reserve cuts rates four times before June 2020. Global uncertainty has increased safe-haven demand for Gold and driven prices lower, but that is not the case at the moment. It would be the third key psychological level the Gold has breached in a year: it edged over #1,400 in July and #1,500 in August. Gold,...

goldenBear88

Gold could rise above #1,700.80 per ounce if the Federal Reserve cuts rates four times before June 2020. Global uncertainty has increased safe-haven demand for Gold and driven prices lower, but that is not the case at the moment. It would be the third key psychological level the Gold has breached in a year: it edged over #1,400 in July and #1,500 in August. Gold,...

goldenBear88

Productive day for both Buyers and Sellers as the Double Bottom on Daily chart Support rejected further downtrend and as my #1,530.70 break out point was crossed, Gold made it to #1,540.70 almost (Spot prices). The Bullish reaction is due to the Higher Low trend line that started with last Friday's #1,467.70 Low. This is not the most important Support level...

goldenBear88

Productive day for both Buyers and Sellers as the Double Bottom on Daily chart Support rejected further downtrend and as my #1,530.70 break out point was crossed, Gold made it to #1,540.70 almost (Spot prices). The Bullish reaction is due to the Higher Low trend line that started with last Friday's #1,467.70 Low. This is not the most important Support level...

goldenBear88

Gold was excellent Sell opportunity with great Risk/Reward ratio, and dipped as expected on the Lower levels. The recent downtrend on Stocks is approaching its October Support, as DX but mostly Bonds have recovered more than 70% of the December #3 sharp fall. See how Gold (I am always using Xau-Usd on my analysis) is basically consolidating around the MA200 on the...

goldenBear88

Gold was excellent Sell opportunity with great Risk/Reward ratio, and dipped as expected on the Lower levels. The recent downtrend on Stocks is approaching its October Support, as DX but mostly Bonds have recovered more than 70% of the December #3 sharp fall. See how Gold (I am always using Xau-Usd on my analysis) is basically consolidating around the MA200 on the...

goldenBear88

I have concluded my Selling (from #,1675 to #1,600.70) as my both Targets were met and I booked huge Profits on this Bearish leg. Gold was approaching the #1,605.70 psychological barrier on spot prices as I expected it to be realized before today on this Bearish leg. Despite the fact that DX is still on a Long term Channel Up and Supported on Daily Chart, Gold...

goldenBear88

I have concluded my Selling (from #,1675 to #1,600.70) as my both Targets were met and I booked huge Profits on this Bearish leg. Gold was approaching the #1,605.70 psychological barrier on spot prices as I expected it to be realized before today on this Bearish leg. Despite the fact that DX is still on a Long term Channel Up and Supported on Daily Chart, Gold...

goldenBear88

Target extension hit #1,630.70, as I mentioned during the week ahead of US Session is the - Hourly 4 Descending Channel Gap fill range. I have closed my first set of Sells with great Profits. With my downside Targets now almost completed, Friday's Gap is filled, Daily chart got the necessary Technical correction and everything points out to a Bearish continuation...

goldenBear88

Target extension hit #1,630.70, as I mentioned during the week ahead of US Session is the - Hourly 4 Descending Channel Gap fill range. I have closed my first set of Sells with great Profits. With my downside Targets now almost completed, Friday's Gap is filled, Daily chart got the necessary Technical correction and everything points out to a Bearish continuation...

goldenBear88

As expected, Gold is Trading on my predicted values within a Channel Down since the 5th March. This Channel Down has a clear Lower High zone Lower Low zone. This is where a long term trade Sells and Buys respectively (this is an usual sign of indecision). Now, since November 12th the price has put a temporary stop to the downtrend as it hasn't made a new Lower...

goldenBear88

As expected, Gold is Trading on my predicted values within a Channel Down since the 5th March. This Channel Down has a clear Lower High zone Lower Low zone. This is where a long term trade Sells and Buys respectively (this is an usual sign of indecision). Now, since November 12th the price has put a temporary stop to the downtrend as it hasn't made a new Lower...

goldenBear88

Aggressive volatility came as no surprise as pre-FED rate candles are arriving. I successfully preserved my account and since I am certain in my Selling outlook, I am patiently waiting for new opportunity to add another set of Sells. The price is back up on Daily levels and traders who engaged Buys again were tricked into their false beliefs since they didn’t...

goldenBear88

Aggressive volatility came as no surprise as pre-FED rate candles are arriving. I successfully preserved my account and since I am certain in my Selling outlook, I am patiently waiting for new opportunity to add another set of Sells. The price is back up on Daily levels and traders who engaged Buys again were tricked into their false beliefs since they didn’t...

goldenBear88

Once again Fundamentals distorted Technical proper trend (Bearish) with unexpected aggressive Gap on DX and Stocks which added huge Bullish pressure on Gold. With aggressive rise on E.U. opening on Friday, Gold has continued trading in a Wedge on Daily chart as Friday's #1,670.70 is a Higher High and #1,655.70 a Lower High. I am waiting for "middle" to be broken...