goldenBear88

goldenBear88

Gold was showing indecision candles throughout Friday's session (Spinning Top Hourly 4 candlestick) and Weekly chart decline on the Stock markets was keeping Gold Neutral and above its fair Technical value. Hourly charts turned Bullish with steady Ascending Channel and no signs of Bearish reversal at the moment, but I doubt it will last. However, I am still...

goldenBear88

After yesterday's closing my second added set of Sells in excellent Profits, I've kept my original one (from May #19 - #1,732.80 to #1,715.80), but since #1,715.80 wasn't broken, I closed it on yesterday's session Low (#1,720.80 to be exact) with small Profits. I've decided to close it, not to endanger my Monthly Profits, since I am more than satisfied with it....

goldenBear88

After yesterday's closing my second added set of Sells in excellent Profits, I've kept my original one (from May #19 - #1,732.80 to #1,715.80), but since #1,715.80 wasn't broken, I closed it on yesterday's session Low (#1,720.80 to be exact) with small Profits. I've decided to close it, not to endanger my Monthly Profits, since I am more than satisfied with it....

goldenBear88

I have closed my yesterday's set of Sells (from #1,754.80 to #1,731.80 / #23$ difference) as my original set (Engaged on May #19/check my post on that date) is still comfortably kept with #1,715.80 Target. Allow me to quote my report from yesterday:" moved it on my final projected zone #1,762.80 (furthest extension in my book), where I will be contemplating new...

goldenBear88

I have closed my yesterday's set of Sells (from #1,754.80 to #1,731.80 / #23$ difference) as my original set (Engaged on May #19/check my post on that date) is still comfortably kept with #1,715.80 Target. Allow me to quote my report from yesterday:" moved it on my final projected zone #1,762.80 (furthest extension in my book), where I will be contemplating new...

goldenBear88

Gold tested #1,749.80 zone as I moved my Stop-loss to #1,749.80 first, then later on/late session zone, moved it on my final projected zone #1,762.80 (furthest extension in my book), where I will be contemplating new set of Sells with #1,740.80 first Target (of course, if I spot that consolidation is over, will add them even lower than #1,762.80), with Hourly 4...

goldenBear88

Gold tested #1,749.80 zone as I moved my Stop-loss to #1,749.80 first, then later on/late session zone, moved it on my final projected zone #1,762.80 (furthest extension in my book), where I will be contemplating new set of Sells with #1,740.80 first Target (of course, if I spot that consolidation is over, will add them even lower than #1,762.80), with Hourly 4...

goldenBear88 Updated 

Even though the Price-action broke the Lower High trendline yesterday, it failed to test the #1,727.80 first Support (former Resistance), so Technically, Gold is still near the Lower High, but still I see no signs of a recovery. If #1,727.80 breaks, then the Hourly 4 #MA50 should be tested, in case of Bearish sequence below, Price-action will be calling for...

goldenBear88 Updated 

Even though the Price-action broke the Lower High trendline yesterday, it failed to test the #1,727.80 first Support (former Resistance), so Technically, Gold is still near the Lower High, but still I see no signs of a recovery. If #1,727.80 breaks, then the Hourly 4 #MA50 should be tested, in case of Bearish sequence below, Price-action will be calling for...

goldenBear88

Excellent Bearish development (negative Gap fill) as I closed my set of Sells which I engaged only few hours ago (#1,763.80 - #1,737.80) with huge Profits - also covered my last SL hit and now I am, regarding month May - on #7 Profits and #1 SL hit which is excellent ratio. I am comfortably on sidelines at the moment and will monitor developments as U.S. session...

goldenBear88

Excellent Bearish development (negative Gap fill) as I closed my set of Sells which I engaged only few hours ago (#1,763.80 - #1,737.80) with huge Profits - also covered my last SL hit and now I am, regarding month May - on #7 Profits and #1 SL hit which is excellent ratio. I am comfortably on sidelines at the moment and will monitor developments as U.S. session...

goldenBear88

As I didn't expected Gold hit #1,760.80 benchmark (Spot prices as always on my reports) and what is even more worth of noting is that the Price-action wasn’t rejected on Technical Double Top, Daily chart. Like I noted on my previous reports, that level (#1,773.80) is the Monthly Resistance since August #2012 and now the doors are open for #1,727.80 test. The last...

goldenBear88

As I didn't expected Gold hit #1,760.80 benchmark (Spot prices as always on my reports) and what is even more worth of noting is that the Price-action wasn’t rejected on Technical Double Top, Daily chart. Like I noted on my previous reports, that level (#1,773.80) is the Monthly Resistance since August #2012 and now the doors are open for #1,727.80 test. The last...

goldenBear88

On Friday's session I witnessed (once again) how Fundamentals (reports) can momentarily distort Technical trends, as a seemingly Bearish Hourly 4 Chart (besides Channel Up) candle closed positive as an disastrous #4th event was out of the ordinary and this kind of sequence didn’t occurred for more than #12 Years. The Bearish Daily trend of the Channel Down was...

goldenBear88

On Friday's session I witnessed (once again) how Fundamentals (reports) can momentarily distort Technical trends, as a seemingly Bearish Hourly 4 Chart (besides Channel Up) candle closed positive as an disastrous #4th event was out of the ordinary and this kind of sequence didn’t occurred for more than #12 Years. The Bearish Daily trend of the Channel Down was...

goldenBear88

Gold remains heavily pressured on a #1 Day basis as #1,717.80 didn’t rejected the Price-action, currently Trading on #1,735.80. The trend is approaching the #1,740.80 point as I am expecting the first signs of Support at #1,715.80 where Hourly 4 #MA50 is. If #MA50 breaks, expect #1,703.80 former Support test and #1,695.80 extension. However, if #1,715.80 holds,...

goldenBear88

Gold remains heavily pressured on a #1 Day basis as #1,717.80 didn’t rejected the Price-action, currently Trading on #1,735.80. The trend is approaching the #1,740.80 point as I am expecting the first signs of Support at #1,715.80 where Hourly 4 #MA50 is. If #MA50 breaks, expect #1,703.80 former Support test and #1,695.80 extension. However, if #1,715.80 holds,...

goldenBear88

The Price-action managed to reject the Bullish leg from #1,717.80 zone, even though that the stabilization on Usd-Jpy is still not achieved. Both, Usd-Jpy pair and Stock markets are on a very sharp drop as both assets sell-off resulted as Bullish action on Gold. Especially the fact that Bond markets broken the Support on Daily chart (which is a good sign for Gold...