Closing set of Sells with excellent Profits, original is kept
I have closed my yesterday's set of Sells (from #1,754.80 to #1,731.80 / #23$ difference) as my original set (Engaged on May #19/check my post on that date) is still comfortably kept with #1,715.80 Target. Allow me to quote my report from yesterday:" moved it on my final projected zone #1,762.80 (furthest extension in my book), where I will be contemplating new set of Sells with #1,740.80 first Target (of course, if I spot that consolidation is over, will add them even lower than #1,762.80), " - goldenBear88 / my yesterday's post / May #20 /. This provides me with great Win/Loss ratio regarding month May: with #8 Profits (one Intra-day was more than #36$) and only one SL hit. I decided to enter #10$ further (to #1,731.80 (original decision was #1,740.80)), I saw such opportunity since anyways - I am expecting #1,715.80.
No changes on the Daily perspective as the Price-action remains neutral above the Hourly 4 #MA50, and below the #1,743.80 Resistance. As the market is waiting for a catalyst, I see no alternative under such a neutral Hourly 4 setting (after today's #15$ dip) but to keep operating with my original set of Sells (to #1,715.80) and possibility of adding new set of Sells within the suggested range. There is a delicate balance of Gold's price (Xau-Usd on my reports) with the volatility on the Stock markets and Usd-Jpy pair (both on gains) and Bond markets (which are struggling to make a Bullish comeback). This is what is keeping Gold neutral but on lower levels regarding last week. However, as expected - Gold marginally broke the #1,738.80 price on Hourly 4 chart. Gold for now is giving me mixed signals as I will approach with extreme caution, expect a Volatility since every time that Gold dips more than #15$, volatility kicks in and Gold becomes ranged throughout the whole session. Besides that, personally - I am surely on Bearish side waiting for opportunity to close my original set of Sells (#1,715.80 Target) - only when #1,727.80 (former Resistance, now Support) breaks. Remember, what once was Resistance, can become Support and vice versa. After the opening of US session, Stock markets could eventually sell the initial movement and add uncertainty on Gold (volatility I mentioned) but I will still keep my set of Sells and I may add more if Support breaks. What I am particularly interested at is the Usd-Jpy as rise on that pair could add enormous Selling pressure on Gold. No strategy shift so far. Congrat's to Traders who followed my calls - enjoy the Profits!
No changes on the Daily perspective as the Price-action remains neutral above the Hourly 4 #MA50, and below the #1,743.80 Resistance. As the market is waiting for a catalyst, I see no alternative under such a neutral Hourly 4 setting (after today's #15$ dip) but to keep operating with my original set of Sells (to #1,715.80) and possibility of adding new set of Sells within the suggested range. There is a delicate balance of Gold's price (Xau-Usd on my reports) with the volatility on the Stock markets and Usd-Jpy pair (both on gains) and Bond markets (which are struggling to make a Bullish comeback). This is what is keeping Gold neutral but on lower levels regarding last week. However, as expected - Gold marginally broke the #1,738.80 price on Hourly 4 chart. Gold for now is giving me mixed signals as I will approach with extreme caution, expect a Volatility since every time that Gold dips more than #15$, volatility kicks in and Gold becomes ranged throughout the whole session. Besides that, personally - I am surely on Bearish side waiting for opportunity to close my original set of Sells (#1,715.80 Target) - only when #1,727.80 (former Resistance, now Support) breaks. Remember, what once was Resistance, can become Support and vice versa. After the opening of US session, Stock markets could eventually sell the initial movement and add uncertainty on Gold (volatility I mentioned) but I will still keep my set of Sells and I may add more if Support breaks. What I am particularly interested at is the Usd-Jpy as rise on that pair could add enormous Selling pressure on Gold. No strategy shift so far. Congrat's to Traders who followed my calls - enjoy the Profits!
- 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.
- 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.