Closing my Selling order with Profits / #38 Profits row
As discussed on my yesterday's session commentary: "My position: I have managed to catch decent #10-point Profit throughout Friday's session, Selling High's which brought #2,327.80 test. I will assume no new orders for the session and will look to re-Sell Gold as Higher as I can. #2,342.80 - #2,352.80 is optimal re-Sell zone. I am very comfortable with waiting / patience.
I have closed my Selling order (#2,345.80 - #2,312.80) on a fine #33 point run extending my results range to #38 Profits and #7 Stop-loss hits regarding December - April cycle. I will use this chance to congratulate Traders who are Selling every High's which Gold delivers, well done!
Technical analysis: Gold is Trading / remains relatively High under the circumstances. Regardless, overall Bullish trend is preserved and as long as #2,300.80 psychological benchmark is untouched, Gold will deliver aggressive Bullish spikes all along. I have been monitoring the Price-action entire E.U. session and I have managed to utilize current Intra-day aggressive decline to it's maximum. One of the many Stop-loss hunts in the last couple of sessions where Gold continues to consolidate on Hourly 4 chart after #2-session recovery on DX (Gap fill), while being unable to extend the candle sequence below #2,327.80 variance (so far). This time however the Hourly 1 chart’s configuration is coming strong from above to offer potential Resistance zone at #2,342.80 - #2,352.80 on (Xau-Usd Spot prices). If the market closes above it, then more than likely the Daily chart’s Top’s formation will potentially be tested within the Trading week (currently Trading near #2,362.80 fractal / less likely). A break above it paves the way for #2,400.80 record High’s in extension, while a Daily market closing below the Hourly 4 chart’s #2,300.80 (former multi-Month Resistance zone) opens the way for #2,252.80 - #2,292.80 re-test.
My position: I have closed my Selling moments ago and if #2,300.80 breaks, I will re-Sell Gold (with tight Stop's) towards #2,252.80 benchmark, observing market closing tonight.
I have closed my Selling order (#2,345.80 - #2,312.80) on a fine #33 point run extending my results range to #38 Profits and #7 Stop-loss hits regarding December - April cycle. I will use this chance to congratulate Traders who are Selling every High's which Gold delivers, well done!
Technical analysis: Gold is Trading / remains relatively High under the circumstances. Regardless, overall Bullish trend is preserved and as long as #2,300.80 psychological benchmark is untouched, Gold will deliver aggressive Bullish spikes all along. I have been monitoring the Price-action entire E.U. session and I have managed to utilize current Intra-day aggressive decline to it's maximum. One of the many Stop-loss hunts in the last couple of sessions where Gold continues to consolidate on Hourly 4 chart after #2-session recovery on DX (Gap fill), while being unable to extend the candle sequence below #2,327.80 variance (so far). This time however the Hourly 1 chart’s configuration is coming strong from above to offer potential Resistance zone at #2,342.80 - #2,352.80 on (Xau-Usd Spot prices). If the market closes above it, then more than likely the Daily chart’s Top’s formation will potentially be tested within the Trading week (currently Trading near #2,362.80 fractal / less likely). A break above it paves the way for #2,400.80 record High’s in extension, while a Daily market closing below the Hourly 4 chart’s #2,300.80 (former multi-Month Resistance zone) opens the way for #2,252.80 - #2,292.80 re-test.
My position: I have closed my Selling moments ago and if #2,300.80 breaks, I will re-Sell Gold (with tight Stop's) towards #2,252.80 benchmark, observing market closing tonight.
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- Few other un-official channels are not mine, they are copies using my real information (impersonating me and my work / identity) so keep that in mind and beware of those.
- Few other un-official channels are not mine, they are copies using my real information (impersonating me and my work / identity) so keep that in mind and beware of those.