Technical analysis: As discussed, as long as #3,400.80 mark (Xau-Usd numbers) holds, Gold is more likely to push towards #3,442.80 strong Resistance and #3,452.80 benchmark in extension for a Higher High’s Upper zone test invalidating the Hourly 4 chart’s Neutral Rectangle. This Trading week is packed with the U.S. reports, so Fundamentally the real trend will be revealed after those, since today’s E.U. session delivered indecision movements only (Spinning Top’s formation) however Bullish bias is here to stay. The Short-term Price-action has turned Bullish just over the Hourly 4 chart’s former Support at #3,363.80, while Technically, Gold is critically Bearish. It is interesting to mention that even the Daily chart is to a certain extent is Bearish however Technical rules do not apply on Fundamentally driven sessions. Everything depends upon the DX (and to a lesser extent Bond Yields), so I can't make any Short-term recommendation other than the Bullish break-out points that I am already Trading on. See also how Xau-Usd (spot price) and GC (Futures price) are finally closing the gap and getting into tight range again. Regarding today’s session - two straight red Hourly 1 candles (after Bullish rejection) so far which indicate (unless broken) that #3,427.80 is a Double Top. Most likely Gold is going towards #3,416.80 - #3,420.80 to test the Support zone and then if Price-action gets rejected (most likely it will), then Hourly 4 chart’s Resistance zone test should be next - and potentially stay Neutral for a few sessions in a symmetrical manner as April #14 - 16.
My position: I spotted that many Traders Sold Gold throughout yesterday's session which was a mistake personally as Gold will remain strong on each next session due global Fundamentals. Firstly I have Bought #3,385.80 Bottom with #4 orders. First one I have closed near #3,400.80 benchmark, second two I have closed at #3,407.80 since Profit was already great and left final runner which I closed on #3,424.80 / expecting #3,434.80 final destination which was delivered. I will keep Buying every dip on Gold as long as #3,400.80 benchmark holds as an Support from my key re-Buy points.
My position: I spotted that many Traders Sold Gold throughout yesterday's session which was a mistake personally as Gold will remain strong on each next session due global Fundamentals. Firstly I have Bought #3,385.80 Bottom with #4 orders. First one I have closed near #3,400.80 benchmark, second two I have closed at #3,407.80 since Profit was already great and left final runner which I closed on #3,424.80 / expecting #3,434.80 final destination which was delivered. I will keep Buying every dip on Gold as long as #3,400.80 benchmark holds as an Support from my key re-Buy points.
- My official Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012' / support my analysis with 'like' if you already read it.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012' / support my analysis with 'like' if you already read it.
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
- My official Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012' / support my analysis with 'like' if you already read it.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012' / support my analysis with 'like' if you already read it.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
