As discussed throughout my morning's commentary: "Technical analysis: For current session, best to do is stay on the safer side (without an order) and wait for Support break. Personally, Gold is near the Top and I should see #1,788.80 break, but is so far holding and is the level I am focusing at. The Fundamental side down-played the quick fair Technical value Price-action hopes which the Investors had, especially since May’s fractal , and the sharp Yields Sell-off benefited Gold , and Buying pressure Traders see is the outcome of Yields trending downwards and DX rejection on strong Resistance zone . Gold can spike towards #1,808.80 as engaging an Selling order now is risky shot at the moment. It is best to wait Selling confirmation below #1,788.80, as I don’t have High hopes for today’s both late E.U. and U.S. session."
I have closed my pending Selling order with excellent Profits (#1,788.80 - #1,774.80) on a fine #14 point run. I am currently on a #4 consecutive Profits run as I would like to use this chance to congratulate Traders who followed my call! Needless to mention, Multi-Month Bearish cycle is ahead on Gold!
Due tough time limits this week, I was unable to reply to all Trader's gratitude messages I am receiving, I apologize once again! Thank you for your support and enjoy the Profits!
@mahendrakharel, Chances are slim, almost equal to zero. Enjoy the Profits!
xoshnaw11
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if hit 1757 I think have a chance to hit 1813
khansaifullah07
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Gold followed your setup. Well done, but I missed the trade assuming stay out is good instead of loss. Sir what support and signals do your paid subscribers get?
Amapolakan74
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Great job Mr. Bear ... and if we follow your very accurate recommendations.
goldenBear88
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@Amapolakan74, Thank you for constant support Ama! Enjoy the Profits!