As discussed throughout my yesterday's session commentary: "My position: I have Bought Gold throughout yesterday's session on #3,029.80 and closed on #3,040.80 and re-Sold many Top's. I am waiting currently for area to be engulfed as I will re-Buy Gold as near as #3,022.80 towards #3,037.80 Resistance in extension. Gold is delivering excellent Intra-day #8 - #10-point Profit opportunities which I am utilizing to it's maximum."
I have closed my first Buying order (#3,027.80 - #3,040.80), Sold Gold from #3,040's multiple times towards #3,032.80 and Bought Gold multiple times from #3,032.80 throughout yesterday's session / my rough Projection #35 - #45-point Profits all in total. Gold is delivering Intra-day Profit opportunities as said many times throughout my this week's remarks.
Technical analysis: Gold has invalidated the Hourly 4 chart’s Ascending Channel and altered the #4-session Buying spree on Gold. As Gold didn’t recovered Resistance belt on one try / hit after decent decline, Neutral Belt Trading continuation is on the cards, with today's #3,022.80 - #3,037 (#3,045.80) zone to Trade within which, if invalidated can continue the relief rally, otherwise Gold is timed for a downswing. Of course much is attributed to the ongoing fluid Fundamentals whose late optimistic developments (deal hopes) are now pulling the Price-action back downwards (assisting downside as well the debacle on many announcements). I have the next Support at #3,022.80 where the Price-action should meet the Higher High’s Lower zone (many similarities with May #9 fractal) and continue the decline if it gets invalidated towards #3,000.80 pressure point (benchmark). However, Daily chart’s trendline is still preserved and Gold closed the market above the Support zone for the fractal, indicating that Gold will not remain heavily pressured and many Buying opportunities will arise.
My position: I will continue Trading #3,022.80 - #3,045.80 Neutral Rectangle (now slowly becoming Bullish Megaphone pattern) for more Profits and weekend break.
I have closed my first Buying order (#3,027.80 - #3,040.80), Sold Gold from #3,040's multiple times towards #3,032.80 and Bought Gold multiple times from #3,032.80 throughout yesterday's session / my rough Projection #35 - #45-point Profits all in total. Gold is delivering Intra-day Profit opportunities as said many times throughout my this week's remarks.
Technical analysis: Gold has invalidated the Hourly 4 chart’s Ascending Channel and altered the #4-session Buying spree on Gold. As Gold didn’t recovered Resistance belt on one try / hit after decent decline, Neutral Belt Trading continuation is on the cards, with today's #3,022.80 - #3,037 (#3,045.80) zone to Trade within which, if invalidated can continue the relief rally, otherwise Gold is timed for a downswing. Of course much is attributed to the ongoing fluid Fundamentals whose late optimistic developments (deal hopes) are now pulling the Price-action back downwards (assisting downside as well the debacle on many announcements). I have the next Support at #3,022.80 where the Price-action should meet the Higher High’s Lower zone (many similarities with May #9 fractal) and continue the decline if it gets invalidated towards #3,000.80 pressure point (benchmark). However, Daily chart’s trendline is still preserved and Gold closed the market above the Support zone for the fractal, indicating that Gold will not remain heavily pressured and many Buying opportunities will arise.
My position: I will continue Trading #3,022.80 - #3,045.80 Neutral Rectangle (now slowly becoming Bullish Megaphone pattern) for more Profits and weekend break.
- 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.