Closing my Selling order with minimum Profits (#10 Profits row)
As discussed on my morning's commentary:" My position: As discussed above (and my #1,871.80 test projection within #2 sessions I mentioned), #1,887.80 Support got invalidated but with Yields struggling to make Bullish comeback, I waited #2 more points and engaged my Selling order on #1,885.80, with #1,850.80 as an immediate Target. I won't take excessive risks ahead of week's ending as my Stop-loss is priced on #1,890.80 which is only #5 points away from my entry. If my position gets invalidated, I will re-Sell again if #1,883.80 breaks."
I have closed my order with minimum Profits of current mini Selling sequence (#1,885.80 - #1,873.80) with decent #12 points Profit. As I expected CPI to be Bullish for Bond Yields which could break my Support of #1,871.80 which I have been mentioning whole week, it indeed delivered Bullish Gap fill on Yields, but Gold (of unknown reasons to me as it happens in certain situations) recovered on more than #21 points and currently seen Trading near #1,890.80 vicinity. As I have my strict Stop-loss policy, on #1,869.80 (#2 point break below my Support), I moved my Stop-loss on #1,873.80 (letting it run) and recent rejection triggered my Stop-loss and left me with just #12 point Profit. However, #1,871.80 break Technically should deliver #1,850.80 on normal market conditions, but configuration got rejected as market speculators are still preventing the downtrend. Needless to mention, I drawn the best out of current situation as I surely expect #1,800.80 ahead on Short-term. My Profit range for May - June is #10 Profits row and #2 Stop-loss hits.
I have closed my order with minimum Profits of current mini Selling sequence (#1,885.80 - #1,873.80) with decent #12 points Profit. As I expected CPI to be Bullish for Bond Yields which could break my Support of #1,871.80 which I have been mentioning whole week, it indeed delivered Bullish Gap fill on Yields, but Gold (of unknown reasons to me as it happens in certain situations) recovered on more than #21 points and currently seen Trading near #1,890.80 vicinity. As I have my strict Stop-loss policy, on #1,869.80 (#2 point break below my Support), I moved my Stop-loss on #1,873.80 (letting it run) and recent rejection triggered my Stop-loss and left me with just #12 point Profit. However, #1,871.80 break Technically should deliver #1,850.80 on normal market conditions, but configuration got rejected as market speculators are still preventing the downtrend. Needless to mention, I drawn the best out of current situation as I surely expect #1,800.80 ahead on Short-term. My Profit range for May - June is #10 Profits row and #2 Stop-loss hits.
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- 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.
