Closing my Buying order Intra-day with Profits
As discussed on my morning's commentary:" My position: I am currently on sidelines without taking excessive risks. I will Buy Gold only if #1,786.80 Resistance breaks, calling for #1,800.80 psychological barrier extension."
I have closed my breakout Buying order with decent Profits (#1,786.80 - #1,797.80) as #11 point Profit was more than enough for today's session. I am now ready to utilize possible #1,800.80 psychological barrier test\break with full scale position. Congrat's for Traders who followed my call!
After Volatility on Bond Yields (Negative Gap fill) and Support break (still without a recovery), I could naturally expect Bullish action on Gold. However, even if #1,800.80 barrier breaks, my estimations shows that #1,817.80 is an ultimate Top, and possible rejection can engage Higher proportion parabolic decline on Gold. As I stated more than once on my posts, May will be Bearish Month for Gold as I expect #1,678.80 by end of May (roughly around May #20). I will be ready to pursue #1,817.80 if #1,800.80 breaks, and contemplate Selling Gold on Medium-term on the aftermath.
I have closed my breakout Buying order with decent Profits (#1,786.80 - #1,797.80) as #11 point Profit was more than enough for today's session. I am now ready to utilize possible #1,800.80 psychological barrier test\break with full scale position. Congrat's for Traders who followed my call!
After Volatility on Bond Yields (Negative Gap fill) and Support break (still without a recovery), I could naturally expect Bullish action on Gold. However, even if #1,800.80 barrier breaks, my estimations shows that #1,817.80 is an ultimate Top, and possible rejection can engage Higher proportion parabolic decline on Gold. As I stated more than once on my posts, May will be Bearish Month for Gold as I expect #1,678.80 by end of May (roughly around May #20). I will be ready to pursue #1,817.80 if #1,800.80 breaks, and contemplate Selling Gold on Medium-term on the aftermath.
- 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.
