As discussed throughout my yesterday's session commentary: "I have closed my Selling order (#1,861.80 - #1,845.80) on a fine #16 point run, extending my results range to #54 Profits row and #13 Stop-loss hits regarding April - February cycle. I will use this chance to congratulate Traders who followed my call, well done!"
Important note: I have instantly engaged new Selling order (#1,862.80 as my new entry point), same #1,827.80 Target. I am successfully utilizing Selling potential to it's maximum.
Even though I have already booked #16 point Profit run throughout yesterday's session (check: "Important note" part in addition), I have awaited #1,861.80 - #1,865.80 levels to re-Sell Gold after first booked Profit with #1,862.80 as my entry point, closing the second Intra-day Selling order with Profit aswell (#1,862.80 - #1,835.80) on a fine #27 point run, sum which is in total of #43 point Profit within just one session. Congratulations to my Traders, and Traders who had patience to engage Selling positions and had trust in my calls all the way from Gold’s recent Highs's. I have concluded my Selling from #1,950's Top and booked extraordinary Profits on Gold’s Medium-term Sell-off. For the moment, I am on #55 Profits row and #13 Stop-loss hits regarding April - February cycle.
Technical analysis: My Medium-term Target (#1,827.80 - #1,833.80) has been met earlier than I expected as Gold broken all Supports and stepped in deep Oversold territory. As expected the #1,827.80 - #1,833.80 Selling benchmark was obtained before February #15, as the Descending Channel on Hourly 4 chart implied. If however benchmark breaks, Gold is entering Higher Low’s zone for the first time since late November - early December’s fractal. Breaking mentioned level potentially has #1,792.80 - #1,800.80 Support zone on crosshairs and Bearish bias will be fully restored (as correction process from current point might bring few consolidation / ranging sessions). #1,827.80 Support zone will be first area of utmost importance for Sellers aswell as #1,800.80 psychological benchmark in extension as part of a Gap filling process (always with care inside the consolidation zone of a Medium-term Bearish cycle which might be ahead). According to my estimations, there are no factors to revive Bullish interests as Selling since current local Higher High’s peak have delivered #2-consecutive aggressive takedowns (including #3rd throughout yesterday's session), and Buying in form of a correction has been performed under Low Volume (had no interference and was not successful in distorting Bearish Technicals).
My position: As I am Highly satisfied with my Trading results and my Selling Targets achieved, I will comfortably remain on sidelines and monitor the Price-action.
Important note: I have instantly engaged new Selling order (#1,862.80 as my new entry point), same #1,827.80 Target. I am successfully utilizing Selling potential to it's maximum.
Even though I have already booked #16 point Profit run throughout yesterday's session (check: "Important note" part in addition), I have awaited #1,861.80 - #1,865.80 levels to re-Sell Gold after first booked Profit with #1,862.80 as my entry point, closing the second Intra-day Selling order with Profit aswell (#1,862.80 - #1,835.80) on a fine #27 point run, sum which is in total of #43 point Profit within just one session. Congratulations to my Traders, and Traders who had patience to engage Selling positions and had trust in my calls all the way from Gold’s recent Highs's. I have concluded my Selling from #1,950's Top and booked extraordinary Profits on Gold’s Medium-term Sell-off. For the moment, I am on #55 Profits row and #13 Stop-loss hits regarding April - February cycle.
Technical analysis: My Medium-term Target (#1,827.80 - #1,833.80) has been met earlier than I expected as Gold broken all Supports and stepped in deep Oversold territory. As expected the #1,827.80 - #1,833.80 Selling benchmark was obtained before February #15, as the Descending Channel on Hourly 4 chart implied. If however benchmark breaks, Gold is entering Higher Low’s zone for the first time since late November - early December’s fractal. Breaking mentioned level potentially has #1,792.80 - #1,800.80 Support zone on crosshairs and Bearish bias will be fully restored (as correction process from current point might bring few consolidation / ranging sessions). #1,827.80 Support zone will be first area of utmost importance for Sellers aswell as #1,800.80 psychological benchmark in extension as part of a Gap filling process (always with care inside the consolidation zone of a Medium-term Bearish cycle which might be ahead). According to my estimations, there are no factors to revive Bullish interests as Selling since current local Higher High’s peak have delivered #2-consecutive aggressive takedowns (including #3rd throughout yesterday's session), and Buying in form of a correction has been performed under Low Volume (had no interference and was not successful in distorting Bearish Technicals).
My position: As I am Highly satisfied with my Trading results and my Selling Targets achieved, I will comfortably remain on sidelines and monitor the Price-action.
- 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.
