goldenBear88

Closing my Buy order with huge Profits

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
As discussed on my morning's post (just few hours ago):" Same configuration suggests that as long as Stock markets Trading on High’s, while DX engages the recovery, Gold may experience an aggressive rise. In any case the Hourly 4 and Daily chart Technicals suggest that if #1,900.80 breaks, I should see #1,917.80 next and #1,927.70 extension. I executed my Buy order calling for #1,917.80 extension. "

I have closed my Buy order with huge Profits (#1,891.80 - #1,909.80) on Buying sequence that started from #1,890's, congrat's for Traders who followed my today's call. . Gold has recovered half of the losses on the E.U. opening as the DX is printed big Bullish Daily candle aswell, on the other hand, Bond notes are on a spiral downtrend. However the decline is not proportional as global Stock markets and futures are still on high levels. This leads me to believe that on the Short-term, there is a stronger connection of Gold to Bond notes, so keep an eye for pressure zones. Technically the Daily chart is still a Channel Down on its Lower High but the #MA50 has to break as last time it provided Resistance twice. I am highly satisfied with today's session Profits as I won't engage any additional orders and will monitor Elections results from sidelines, nor speculate further what market could bring as Wall Street opens.

- My official and only Telegram Channel: t.me/goldenBear88
- 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.
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.