goldenBear88

Closing my Selling order with huge Profits / #13 Profits row

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
As discussed on my morning's commentary: "My position: It is Highly dangerous to Buy Gold on such Bearish bias, therefore I don't expect stronger Volumed recovery as I engaged my new Selling order on #1,810.80 configuration, pursuing #1,767.80 Selling extension with my order. If #1,803.80 - #1,800.80 breaks, expect #40 point decline Intra-day. I am on #12 Profits row and #2 Stop-loss hits throughout May - June cycle."


I have closed my Selling order Intra-day with huge Profits (#1,810.80 - #1,780.80) on a fine #30 point Profit spread, and completed my "#127 point decline model ahead", announced last week on my commentary. Regarding May - June cycle, I am on #13 Profits row and #2 Stop-loss hits. I will use this chance to firmly congratulate all Traders who followed this Selling sequence and my calls, and had patience to hold the positions. Very well done, pleasure to be here for you!


Regarding current Selling sequence, it confirmed my thesis that Gold will not be used anymore solely as an hedge against Inflation, there will be more assets around which Investors will have trust in, and Yellow metal, safe-haven as it is, will continue to play strong role in future, but as said there are another assets which qualified to be used as an Inflation, as Gold can finish this Year (Annual closing) even below #1,700.80. As I am more than satisfied with my Profits, I will call it for the session. Enjoy the Profits!

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