Closing my Selling order Intra-day / #10 Profits row
As discussed throughout my morning's commentary: "My position: After the Fed decision, DX firstly spiked downwards, adding Buying pressure on Gold (way below my #1,881.80 Stop-loss) firstly, then DX delivered Bullish Gap fill, which reversed Gold's trend within minutes, testing #1,861.80 Support. I have used that chance to move my Stop-loss on breakeven, but Price-action once again reversed and triggered my breakeven Stop-loss, leaving me without order (on practical risk-free Trade I had). Now I am without an order, comfortably remaining on sidelines. There are #2 possibilities ahead: #1) Gold closing below #1,892.80 variance, invalidating #1,886.80 and #1,861.80 final Support zones ahead of #1,852.80 psychological barrier, where I will be ready to Sell on spot with multiple piercing Selling orders (#1,852.80 Target), and #2) Rejection on both DX and Bond Yields, where Gold may recover #5 - #10 additional points upwards where I will be ready to re-Sell Gold towards #1,900.80 barrier first, and #1,886.80 in extension. Bottom line, I won't be rushing with new order as I will await how market will digest Fed's outcome. I am more than satisfied with my current Trading results. If DX continues the recovery candles and Gold breaks #1,886.80, I might take my chances and re-Sell Gold early on towards #1,852.80 psychological barrier.
I have closed my Selling order Intra-day (#1,886.80 - #1,873.80) on a fine #13 point Profit run, extending my Profits to #10 in a row, without any Stop-loss hits regarding April - May cycle. I will use this chance to congratulate Traders on all the results my analysis generated as Profit is too good to be ignored, well done!
I have closed my Selling order Intra-day (#1,886.80 - #1,873.80) on a fine #13 point Profit run, extending my Profits to #10 in a row, without any Stop-loss hits regarding April - May cycle. I will use this chance to congratulate Traders on all the results my analysis generated as Profit is too good to be ignored, well done!
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) and Gold Trading school.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) and Gold Trading school.
- Trading Gold since #2012'.
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