Closing my post NFP order / #101 Profits row
As discussed throughout my Friday's session commentary: "My position: Even though I could easily take early weekend break and not Trade the NFP since my Profit range / returns are excellent, I decided to take small Risk order and Trade the news. According to my estimations, I do believe upside surprise on NFP which (if delivered) will add heavy Selling pressure on Gold and excellent Selling opportunity to finish the week in excellent manner."
I have closed my Selling order (#2,640.80 - #2,625.80) as my NFP projection was spot on however Gold didn't reacted instantly / Trader had to have patience to hold such order which I succeeded upon.
My position: As my Neutral Rectangle (Trading zone) is invalidated, #2,657.80 break-out may stall near #2,662.80 Resistance in extension. If #2,662.80 gets invalidated, Bullish Short-term bias is restored and I will Buy Gold on spot. However if #2,652.80 benchmark gives away, #2,632.80 - #2,652.80 represents new / old Trading zone.
I have closed my Selling order (#2,640.80 - #2,625.80) as my NFP projection was spot on however Gold didn't reacted instantly / Trader had to have patience to hold such order which I succeeded upon.
My position: As my Neutral Rectangle (Trading zone) is invalidated, #2,657.80 break-out may stall near #2,662.80 Resistance in extension. If #2,662.80 gets invalidated, Bullish Short-term bias is restored and I will Buy Gold on spot. However if #2,652.80 benchmark gives away, #2,632.80 - #2,652.80 represents new / old Trading zone.
- My official and only 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'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.