goldenBear88

Closing my Buying order Intra-day with Profits / #8 Profits row

TVC:GOLD   CFDs on Gold (US$ / OZ)
As discussed throughout my morning's commentary: "My position: All in all, I add to my original statement that Powell's speech aftermath always attracts Gold Buyers (rate will remain unchanged, as Powell will most likely discuss about world's trends and happenings, than about further tapering), and as my Selling order is invalidated, I will continue operating with Buying orders, with my #1,752.80 model remains unchanged (if Gold spikes towards #1,827.80 - #1,831.80, I expect aggressive takedown towards #1,752.80). I engaged a Buying order (#1,793.80 as an entry) without a Stop-loss (I will sit tight and patiently monitor Price-action, adding strict Risk management to prevent unexpected scenarios). I expect Buying sequence towards Lower High extension (won't need to wait #1,827.80 as I might close my Buy's earlier), then re-Sell towards #1,752.80 (fair Technical Price) on Monday's session."


I have closed my Buying order Intra-day (#1,793.80 - #1,813.80) with fine #20 point run, which covered my #12 point Stop-loss hit from yesterday's session. Regarding August fractal, I am on #8 Profits run and #2 Stop-loss hits, as I am more than satisfied with my Monthly Profits. I will use this chance to congratulate Traders who followed my call and had patience to keep the position throughout Powell's speech. Well done!



Technical analysis: Regarding next week, I am expecting gradual consolidation and aggressive takedown towards #1,752.80 Selling Lower Low extension. Enjoy the Profits and have a great weekend!

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