Gold Buys only / never Sell

Technical analysis: Gold is showcasing underlying Bullish trend and is comfortably Trading above #4,200.80 psychological barrier throughout the session (Xau-Usd Spot prices). The pullback can extend as High as the Resistance (former Support now turned to Resistance) on Hourly 1 chart which is currently Trading at #4,208.80 and #4,218.80 - #4,222.80 Resistance zone respectively, I do expect #4,227.80?test in extension before new Short-term Sellers appear. The real market news should soon enough be digested by market as Gold is bound to give one more Lower High’s before the Bullish Medium-term trend resumes. As DX is on decent recovery and Bond Yields still Trading above the Resistance zone, I was expecting some Selling action / momentum on Gold which is currently over and #4,300.80 benchmark is ahead of us.


My position: I have been Buying Gold aggressively from #4,222.80 Support throughout yesterday’s session many times and closing m orders as near as #4,242.80 Resistance. I Bought Gold this morning #4,185.80 aggressively as well with set of Buying orders. I will continue Buying aggressively above #4,208.80 Resistance is invalidated. #4,300.80 and #5,100.80 Medium-term Targets.