goldenBear88

Closing my set of Sell orders with Profits / #14 Profits row

TVC:GOLD   CFDs on Gold (US$ / OZ)
I have closed my first set of Sells engaged on September #11 (from #1,967.80) and one I engaged at the start of today's session (from #1,971.20) and closed both on session Low #1,948.80 with huge Profits. Regarding August-early September, I booked #14 Profits and only #2 Stop-loss hits which are not more than #11$ both. I am highly satisfied with my Profits for current cycle. As expected, Gold engaged Buying sequence as I’ve been monitoring it throughout E.U. session. Closing below the #1,955.80 Support is calling for further meltdown. Since the Resistance broke, Gold could set Target for the August #17 #1,988.80 High as discussed lately, but as expected - Price-action got rejected and Selling sequence you have chance to see at the moment postponed the Bullish leg. The Daily candle though turned Bearish as I have so far a strong rejection on the E.U. session Top (#1,969.80). Daily chart is Bearish but practically Gold has been Trading sideways on the big scale (#1,965.80 - #1,975.80) since since September #2 (futures too) with Tops being made roughly ever #30-35 sessions so, to rule out Bullish reversal, I will wait for closing today to confirm the downtrend. Below #1,972.80 break, the low-risk high-reward Trade was to Sell as close to Resistance as possible and aim at least for the Hourly 4 (what I did) - near #1,937.80, however if #1,972.80 - the Price-action will most likely make a Higher High Top at #1,992.80. It is useful to add here once more that Gold is also rising on the factor that Fed announcement is within few sessions. As long as Gold is below #1,972.80, there were chances for a Bearish breakthrough. Congrat's to Traders who followed my call, enjoy the Profits!

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