goldenBear88

Closing my Buy order with huge Profits

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As I stated in my morning's commentary:" The downside potential is #1,745.80 - #1,763.80, while on Medium and Long-term, #1,900.80 is surely on the cards as I give more probabilities to the Bullish sequence. I am ready with my Buy order to pursue upper Targets." - I have closed my Buy order I opened just few hours ago (#1,794.80 - #1,808.80) with huge Profits, congrat's for Traders who followed my call!

As expected Gold broke through the Lower High trendline (which was holding since November #17) and as the #1,763.80 - #1,772.80 Support zone held, Gold turned Bullish again on Hourly 4 chart. The main driver behind today's session rise is of course the pullback on DX and Bond notes, and at the same time rise on Stock markets, as the markets are trying to get back on it’s current fair Technical trend area. Gold will get out of this Short-term Neutral zone when the #1,812.80 Resistance breaks, or #1,795.80 on the other side. Continue Buying as long as DX is on the decline. I expect aggressive Resistance break on tomorrow's session with #87.47% chances (last #25 Wednesday’s were the trend setters for week’s direction), as I will not hesitate to Buy if Price-action breaks the Resistance, however - if pullback occurs, I will Buy again from lower levels, since Gold is on undisputed Bullish trend .
My Telegram channel: https://t.me/goldenBear88

Professional market analyst and Financial consultant with over #8 Years experience. I specialize Gold market using specific proven mathematical models. I provide market insights and Professional guidance.

Comments

on the ball again - well done you
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