Closing my Selling order / #34 Profits row
As discussed throughout my yesterday's session commentary: "My position: As I am confident that Gold will pierce #1,700.80 extension, I have engaged new Selling order with #1,721.80 as an entry point. My optimal Target is #1,700.80 psychological mark which is now slowly approaching, and it is only matter of time when the fractal will be tested."
I have closed my Selling order (#1,721.80 - #1,701.80) on a fine #20 point Profit run, extending my results range to #34 Profits row and #6 Stop-loss hits regarding April - early September cycle. I will use this chance to congratulate Traders who followed all of my calls, especially current ones since I was announcing #1,700.80 mark test since #1,800's. Well done!
Technical analysis: Gold is Trading very close to the important #1,700.80 threshold as all correlating instruments (Bond Yields on green Daily candle, DX Trading on Bullish Gap fill near local High's) showcasing very Bearish sentiment to Gold. My Medium-term outlook remains Bearish (Target is #1,692.80 first with an extension towards #1,678.80) based on fractal analysis of candles, volume and RSI with the period May - September #2019 - I am expecting a Short-term pullback towards the Hourly 4 chart's semi Resistance priced at #1,705.80 - #1,712.80 first as the Hourly setting is Oversold approaching the levels of January #3rd. I am looking closely at today's U.S. data to monitor DX movements. Bulls are still struggling to maintain sustainable Bullish Price-action as both the DX and the Bond Yields are on healthy uptrend. Selling sentiment is here to stay, as I was announcing that current geo-political situation is not Gold friendly. I am expecting non-linear resemblance to the current fractal and next Technical stop near #1,678.80 extension.
My position: As I am Highly satisfied with my Trading results, I haven't got any urge to engage again as I will monitor the Price-action from sidelines. Gap fill on DX may be filled on Intra-day basis, adding mild Buying pressure on Gold (only Intra-day) and I will await market closing to re-Sell Gold once again towards #1,678.80 extension. Market closing below #1,700.80 psychological mark will be immediate signal to Sell Gold early on throughout tomorrow's E.U. session. #1,678.80 is next Target so bear that in mind. Enjoy the Profits!
I have closed my Selling order (#1,721.80 - #1,701.80) on a fine #20 point Profit run, extending my results range to #34 Profits row and #6 Stop-loss hits regarding April - early September cycle. I will use this chance to congratulate Traders who followed all of my calls, especially current ones since I was announcing #1,700.80 mark test since #1,800's. Well done!
Technical analysis: Gold is Trading very close to the important #1,700.80 threshold as all correlating instruments (Bond Yields on green Daily candle, DX Trading on Bullish Gap fill near local High's) showcasing very Bearish sentiment to Gold. My Medium-term outlook remains Bearish (Target is #1,692.80 first with an extension towards #1,678.80) based on fractal analysis of candles, volume and RSI with the period May - September #2019 - I am expecting a Short-term pullback towards the Hourly 4 chart's semi Resistance priced at #1,705.80 - #1,712.80 first as the Hourly setting is Oversold approaching the levels of January #3rd. I am looking closely at today's U.S. data to monitor DX movements. Bulls are still struggling to maintain sustainable Bullish Price-action as both the DX and the Bond Yields are on healthy uptrend. Selling sentiment is here to stay, as I was announcing that current geo-political situation is not Gold friendly. I am expecting non-linear resemblance to the current fractal and next Technical stop near #1,678.80 extension.
My position: As I am Highly satisfied with my Trading results, I haven't got any urge to engage again as I will monitor the Price-action from sidelines. Gap fill on DX may be filled on Intra-day basis, adding mild Buying pressure on Gold (only Intra-day) and I will await market closing to re-Sell Gold once again towards #1,678.80 extension. Market closing below #1,700.80 psychological mark will be immediate signal to Sell Gold early on throughout tomorrow's E.U. session. #1,678.80 is next Target so bear that in mind. Enjoy the Profits!
- 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'.
Related publications
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.