goldenBear88

Engaging my set of Buy orders / #20 Profits row

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Regarding August-September cycle, I have booked #20 Profits and only #2 Stop-loss hits as I am highly satisfied with my Monthly Profits. Besides the idle start, Stock markets (# +0.83%) are Trading on Weekly highs, DX is extending the decline - but as mentioned on my previous analysis, the biggest marker on the Short-term are the Bond notes which are also Trading near Daily Resistance and constantly adding Selling pressure on Gold and making Higher Low's on Weekly basis and causing Swing movements, visible on Gold charts. Interestingly enough, notice how Monday’s rise on Gold (Xau-Usd) # +0.39% was inversely symmetrical to the decline on Bond notes # -0.47%. That is why I have this as my strongest market at the moment. However since Stock markets Monthly Resistance is not far off, I expect Gold to make a Lower High soon (in fact it hasn't even reached the #1,905.70 strong Resistance). That’s why, I will make no strategy shift so far and will continue Trading within my model. Reason of my Buy orders decision are those Gaps on the Non-Farm Payrolls aftermath. Statistically, last #17 out of #17 NFP’s added enormous Volatility on Gold after report announcement, but with a Bullish note afterwards. The Short-term Bullish trend within Hourly 4 chart healthy Channel Up is intact and should be seeing #1,920.80 first no matter what happens today, with #1,937 in extension if #1,870.80 Support is intact. #1,930.80 is my Target.

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