As discussed throughout my yesterday's session commentary: "My position: I have expected a correction but personally not too extended below #2,752.80 benchmark throughout yesterday's session as I missed my chance to Sell Gold. However I have Bought Gold with #2,732.80 entry point, and added another Buying order on #2,742.80. On first order I have Stop on breakeven and on second order Stop is a bit wider. I do expect Gold to Buy the dip however I will monitor my orders hour-to-hour basis as DX delivered spike to the upside. If #2,752.80 benchmark gets invalidated to the upside, development alone will add credence and arise Buyers."
I have closed both of my Buying orders (#2,732.80 - #2,760.80) and (#2,742.80 - #2,760.80) with excellent Profit of #28 and #18-point Profit which were excellent addition to last week's Profits. Congratulations for Traders who followed my both calls yesterday.
My position: I assume no new orders as I don't expect much from today's session due Fed Rate decision on calendar later on today. Gold will fluctuate most likely all along and since my Profit range is excellent, I will not Trade the announcement tonight, only monitor it from sidelines. Stance and Technical background remains Bullish however Rate decision can change the sentiment.
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- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
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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.