Closing my Selling order Intra-day with Profits / #6 Profits row
As discussed throughout my morning's commentary: "My position: Needles to mention, I was and currently am heavily on Selling side. I am expecting hawkish stance from the Fed, aswell I am confident that rate will remain unchanged, as Fed is pushed into a corner. Regarding the stance, if Fed's chair presents hawkish stance, Gold will engage the Medium-term meltdown. My plan is to Sell on spot if #1,766.80 Support breaks regardless of the outcome (#1,727.80 Lower Low's extension is my Target), and if Price-action dips throughout the session, I will move my Stop-loss on breakeven and monitor the Price-action throughout the Fed. However, if #1,766.80 remains unbroken, I will attempt to Sell near the Fed's minutes, with extremely tight Risk management, and await the speech as I am expecting aggressive takedown on Gold sooner or later. I am looking at an excellent chance to continue my Profits run number to #6 in a row."
Fed's commentary: I have carefully followed Fed minutes announcement, and it went as expected according to my plan. Fed remained the rate unchanged with hawkish stance on the aftermath. I expected strong Selling spike instantly after the rate news, and caught decent Price-action where I closed my order (#1,755.80 to be precise). Traders who didn't managed to close the order can move the Stop-loss near #1,783.80 and await Powell's press conference which can drag Gold even Lower. As I stated, my thoughts and formula became true as Gold is no longer sole hedge asset against Inflation, and #1,678.80 Lower Low's extension is on the cards surely. This environment is not Gold friendly and market closing below #1,759.80 constitutes Selling in extension (regardless of closing, Gold is Bearish both on Short and Medium-term).
I have closed my Selling order Intra-day with excellent Profits (#1,766.80 - #1,755.80) on a fine #11 point run. I am currently on #6 Profits run regarding November - December fractal. Congratulations for Traders who followed my call and had patience to hold the order, well done!
Fed's commentary: I have carefully followed Fed minutes announcement, and it went as expected according to my plan. Fed remained the rate unchanged with hawkish stance on the aftermath. I expected strong Selling spike instantly after the rate news, and caught decent Price-action where I closed my order (#1,755.80 to be precise). Traders who didn't managed to close the order can move the Stop-loss near #1,783.80 and await Powell's press conference which can drag Gold even Lower. As I stated, my thoughts and formula became true as Gold is no longer sole hedge asset against Inflation, and #1,678.80 Lower Low's extension is on the cards surely. This environment is not Gold friendly and market closing below #1,759.80 constitutes Selling in extension (regardless of closing, Gold is Bearish both on Short and Medium-term).
I have closed my Selling order Intra-day with excellent Profits (#1,766.80 - #1,755.80) on a fine #11 point run. I am currently on #6 Profits run regarding November - December fractal. Congratulations for Traders who followed my call and had patience to hold the order, well done!
- 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.
