Gold Buying every local Low's

As discussed throughout my Friday's session commentary: 'My position: I have been monitoring Gold from sidelines as mentioned throughout yesterday's session Highly satisfied with my Profit, as I spotted that #3,988.80 is showcasing strong durability, I have started Buying Gold with aggressive Scalps from #3,988.80 - #3,992.80 many times with at least #15ish orders delivering excellent Profits. I do believe Gold will continue soaring as long as Support zone is intact with #4,052.80 mark as my next Short-term Target.'


Technical analysis: The current Hourly 4 candle is already too Neutral to deliver continuation of Intra-day Buying sentiment and with Hourly 1 chart’s switch from Neutral to Bullish regarding the Short-term, Price-action limited the uptrend (even though Gold should be Higher, relative to circumstances and debacle on U.S. announcements), as Investors started taking Profits on their Buying orders and finding value within the #3,988.80 - #4,027.80 belt again (confirms U.S. sessions decline on unprecedented Volatility on Gold’s Price-action). The key is the Hourly 4 chart’s Resistance zone priced at #4,027.80 - #4,033.80 which rejected the Price-action twice (current Month) and has already done so throughout last week on multiple occasions. This is the key and if that configuration breaks, Short-term Buyers should take it to #4,052.80 impulse in extension. Otherwise, the #3,975.80 - #3,988.80 Support zone should be re-tested for a potential Double or Triple Bottom as in late September. The DX though got rejected on it’s Hourly 4 chart’s Resistance and it is due to the weak Bond Yields market that Gold isn't near #4,052.80 mark already, and it became obvious that market speculators were manually preventing the meltdown I have been mentioning, knowing that U.S. announcement will revive Buyers as in late June.


My position: I am taking advantage of Buying every local Low's since Friday's session last week, Buying either #3,988.80 Support with set of aggressive orders, or #3,992.80 Support in extension. I have Bought #4,001.80 as well towards #4,012.80 or above and will continue to do so until Gold is presented with a break-out to the upside. I do expect #5,100.80 benchmark on Medium-term.