goldenBear88

Closing my set of Sells with huge Profits, engaging another set

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I have closed my set of Sells with huge Profits from #1,638.70 till #1,590.70 (#48$ difference) and engaged new set of Sells with #1,540.80 as an first Target and #1,510.80 as an final extension. The current strong decline on the #1,590.70 Higher Low came as no Technical surprise as it is next to the Daily market bottom (February 20th). Gold is trading on my predicted values and next step should be #1,540.80 since #1,595.70 Support was broken more than once. Gold is falling on combination of Stocks rise on monthly High and Bearish pressure of rising DX. Probability of breaking the #1,595.70 Support and Bearish extension was #79%. Resistance (now Support) #1,595.70 was broken 3 times from February #12 and only once rejected the price-action (Rejection was on March #2). #18. February, #13. and #24. March price-action broken the Resistance (now Support). What is also worth noting is that both correlating assets are adding decent Bearish pressure on Gold. Doors are open for Bearish fractal and #1,510.80 is surely on the cards. Congrat's for Traders who followed my Sell call and I advise them to keep Selling Gold. Enjoy the Profits!

- 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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.