As discussed on my yesterday's session commentary: "I have closed all my Selling orders (#2,436.80 - #2,412.80) on an fine #24-point Profit, extending my results range to #42 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders which are Selling every High's that Gold delivers, well done!" my first Selling order is closed in Profit.
In addition, I have added as well throughout yesterday's session: "My position: Currently I am without the order, waiting for #2,400.80 initial break to pursue / re-Sell Gold towards #2,352.80 benchmark."
My pending order on #2,400.80 benchmark was activated as I kept it over-night, Targeting #2,352.80 benchmark. I have closed my second Selling order (#2,400.80 - #2,360.80) on a huge #40-point Profit, extending my results range to #43 Profits and #9 Stop-loss hits regarding October - May cycle. It is indeed excellent #2-session row, well done!
Technical analysis: Strong rejection from late yesterday's session local High’s on increased Volume indicating that Sellers are strongly positioned at that mark, which is Technically the Support fractal on the neckline of former Ascending pattern over Neutral High’s / Low’s. However a strong Support presence is seen at current levels where Gold rebounded on an Hourly 4 chart’s Doji Star Bullish (#2,352.80 benchmark won't be invalidated without serious cause) reversal candle many times in near past. This decline is temporarily confusing Buyers with their patterns but with a new Higher High’s Lower zone test and as long as the #2,400.80 stays intact, I will regardless remain Bearish awaiting retracement to test #2,300.80 psychological benchmark and finish the Month in losses (as I announced many times on my recent comments). One must be fast to adapt on market changes which are the case lately in order not to hold worthless positions. Bond Yields however climbed to fresh Annual High’s above while DX is following the sequence on parabolic uptrend.
My position: As I had huge Profits in past two sessions and #2,352.80 benchmark is very close, I will comfortably remain on sidelines and monitor the Price-action which will provide me with another distinguished re-Sell zone.
In addition, I have added as well throughout yesterday's session: "My position: Currently I am without the order, waiting for #2,400.80 initial break to pursue / re-Sell Gold towards #2,352.80 benchmark."
My pending order on #2,400.80 benchmark was activated as I kept it over-night, Targeting #2,352.80 benchmark. I have closed my second Selling order (#2,400.80 - #2,360.80) on a huge #40-point Profit, extending my results range to #43 Profits and #9 Stop-loss hits regarding October - May cycle. It is indeed excellent #2-session row, well done!
Technical analysis: Strong rejection from late yesterday's session local High’s on increased Volume indicating that Sellers are strongly positioned at that mark, which is Technically the Support fractal on the neckline of former Ascending pattern over Neutral High’s / Low’s. However a strong Support presence is seen at current levels where Gold rebounded on an Hourly 4 chart’s Doji Star Bullish (#2,352.80 benchmark won't be invalidated without serious cause) reversal candle many times in near past. This decline is temporarily confusing Buyers with their patterns but with a new Higher High’s Lower zone test and as long as the #2,400.80 stays intact, I will regardless remain Bearish awaiting retracement to test #2,300.80 psychological benchmark and finish the Month in losses (as I announced many times on my recent comments). One must be fast to adapt on market changes which are the case lately in order not to hold worthless positions. Bond Yields however climbed to fresh Annual High’s above while DX is following the sequence on parabolic uptrend.
My position: As I had huge Profits in past two sessions and #2,352.80 benchmark is very close, I will comfortably remain on sidelines and monitor the Price-action which will provide me with another distinguished re-Sell zone.
- 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.