Gold rising as expected / #2,942.80 Resistance ahead
As discussed throughout my Friday's session commentary: "My position: As I advised many times throughout my remarks, keep Buying every dip. My #2,922.80 entry point Buying order is up and running as instructed throughout yesterday's session however I will ideally close my order within #2,942.80 - #2,952.80 hard Resistance zone. If however Profit taking happens within that zone, I do believe Gold may deliver serious correction of #40 - #60 points. If however #2,952.80 benchmark gets invalidated and market closes above, expect #3,000.80 benchmark test early next week. Trade accordingly."
Quick update: Serious correction was delivered and #2,882.80 local Low's in extension was tested. I will attempt Sell on #2,900.80 benchmark Targeting #2,882.80 local Low's once again however if #2,905.80 - #2,912.80 gets invalidated, expect #2,942.80 local High's to be met.
Quick update: Serious correction was delivered and #2,882.80 local Low's in extension was tested. I will attempt Sell on #2,900.80 benchmark Targeting #2,882.80 local Low's once again however if #2,905.80 - #2,912.80 gets invalidated, expect #2,942.80 local High's to be met.
- 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.
- 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.