As discussed throughout my yesterday's session commentary: "My position: Gold is Neutral Rectangle and keep #2,652.80 as your reversal zone and ideal re-Sell entry point. If #2,627.80 Support gets invalidated, I will pursue #2,600.80 benchmark in extension. I will Trade the break-out."
I have engaged re-Sell order as discussed above on #2,649.80 which hit my #2,653.80 Stop within minutes. I have waited another chance to re-Sell Gold however Gold extended recovery above #2,657.80 first Resistance which left me without an order waiting for ISM numbers. On pre-ISM candles, I have engaged Selling order and closed it with #9-point Profit near #2,652.80 benchmark. When #2,652.80 got invalidated, I have engaged new re-Sell order on #2,650.80 and moved the Stop on breakeven expecting #2,636.80 Support in extension to be met, however Price-action touched #2,642.80 and reversed towards my breakeven Stop and left me without any orders for yesterday's session.
My position: Even though DX reversed and found Support zone, Gold is Trading under Intra-day Buying pressure as sentiment is changing on Intra-day basis. I give more probabilities to the upside since #2,652.80 benchmark got invalidated to the upside many times with relative ease which was my pivot point for the fractal. If #2,662.80 gets invalidated #2,667.80 is next extension so place your Buying orders accordingly.
I have engaged re-Sell order as discussed above on #2,649.80 which hit my #2,653.80 Stop within minutes. I have waited another chance to re-Sell Gold however Gold extended recovery above #2,657.80 first Resistance which left me without an order waiting for ISM numbers. On pre-ISM candles, I have engaged Selling order and closed it with #9-point Profit near #2,652.80 benchmark. When #2,652.80 got invalidated, I have engaged new re-Sell order on #2,650.80 and moved the Stop on breakeven expecting #2,636.80 Support in extension to be met, however Price-action touched #2,642.80 and reversed towards my breakeven Stop and left me without any orders for yesterday's session.
My position: Even though DX reversed and found Support zone, Gold is Trading under Intra-day Buying pressure as sentiment is changing on Intra-day basis. I give more probabilities to the upside since #2,652.80 benchmark got invalidated to the upside many times with relative ease which was my pivot point for the fractal. If #2,662.80 gets invalidated #2,667.80 is next extension so place your Buying orders accordingly.
- 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.