goldenBear88

Keeping my set of Sell orders / #13 Profits in a row

TVC:GOLD   골드 (US$ / OZ) CFDs
I have keeping my set of Sell orders calling for #14th Profit in a row. The Hourly 1 Channel Up has entered the #1,945.80 - #1,955.80 Lower High zone I've been mentioning the last couple of days, turning Overbought in the process and a Sell-off on today's or tomorrow's session should be a correction process. It is important to note that the Price-action is is still on a healthy Channel Up but with signs of exhaustion. Hourly #MA50 rejected the Bullish extension as I treated those gains on Gold as nothing more than Buying pressure from Stock markets on Weekly Lows. Technically this is a Selling opportunity towards the #1,927.80 - #1,917.80 zone. However it all really depends on how the Bond notes and Stock markets trade coming into today’s U.S. opening Bell. DX resumed the decline so Long-term Buying sequence towards #1,965.80 is postponed for minimum #2 sessions. Bond notes are Trading near Resistance since September #5 and coupled with Neutral candles on Stock markets, Investors should relocate capital from Gold to more riskier assets. The decline on Usd-Jpy still doesn't affect Gold and if #1,940.80 breaks throughout today’s session, I may potentially see the Bottom of this parabolic Gold decline near #1,900.80 (as I have been mentioning since the start of the week, resembles the finishing Bearish leap for current fractal). New Higher Low on the Hourly 4 chart is visible with the trend now even more Bearish as the #MA50 rejected the Price-action and Resistance hasn't yet been re-tested. If done so, then this will be the #4th time that the Hourly 4 #MA50 will be tested as a Resistance since August #27. The #1,927.80 is decent Support so Sellers have a good Target Zone. If #1,941.80 breaks, it could be a quick extension towards #1,931.80 Intra-day. My advice to Traders with bigger margin accounts is to move Stop-loss as long as they can (what I am doing) since Bearish leg is inevitable (#1,970.80 is the final line of the defense), for Short-term Traders, if they are without a position, is to Sell every High.

- 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.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.