goldenBear88

Closed my Buy orders with huge Profits / Gold is fully Bullish

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
I have closed my set of Buy orders throughout yesterday's session (#1,918.80 - #1,940.80) and booked huge Profits. Congrat's for Traders who followed my call. Gold is having a decent session so far, pushing higher mostly due to the weakness on the DX and spiral downtrend on Bond notes. However, I still don't believe the current (Short-term) run may be coming to an end as the Daily chart Resistance is near at #1,955.80 and last time Price-action reached the #1,955.80 Resistance, it delivered a drop of #50$, but not on current market conditions as there is obvious Golden Cross configuration on Hourly 4 chart, showing undisputed Bullish trend and continuation. I am willing to take advantage of this until #1,975.80. The Hourly 4 chart is fully Bullish so my suggestion will be to Buy every dip on Gold and definitive conclusion on the Medium-term turned from Bearish to Bullish. Gold is Trading on undisputed Bullish trend which I won’t hesitate to take advantage of. The Price-action broken the first #1,920.70 Lower High Resistance and engaged Buying sequence and further uptrend/Buying continuation. Since E.U. session opening, I have been contemplating Buying the market on undisputed Bullish trend, but Gold seemed to ignoring negative developments on DX and making me believe that Price-action reached Overbought levels, but not for long. Despite the consolidation within #1,940.80 - #1,950.80 Gold is Trading on aggressive Buying sequence on Short-term on this Hourly 4 Channel Up towards Higher High trendline. The DX seems to have reached a bottom but if the Stock markets extends their rally, Gold should follow. Personally I believe that if it wasn't for this #2 session Selling spree on DX (currency related), Gold would have been much higher already. Gold rise was fueled by Election speculations and capital moved from Bond notes. Is is highly important to note that / as stronger the rise is, steeper fall will be. I am expecting movement Top near #1,975.80, where I will be ready with my Sell orders to purse lower Targets such as #1,900.80 and #1,885.80 in extension.

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