Closing new Selling order with Profits / #20 Profits row
As discussed throughout my Tuesday's commentary: "My position: As discussed above, I engaged my Selling order throughout yesterday's session (#1,823.80 as an entry point) and my Target is #1,800.80 barrier. Needless to mention, Trade is running nicely at this point."
Order engaged (as per above) is still active, however #1,815.80 Support rejection throughout yesterday's session delivered #1,831.80 violent Bullish spike which I re-Sold instantly following Powell's hawkish stance which skyrocketed DX (which gave confidence to my second order). Since Price-action started reversing instantly, I have closed my second Selling order (#1,831.80 - #1,820.80) on a fine #11 point Profit run, with original order (engaged at #1,823.80 on Tuesday) still active, where I am expecting #1,800.80 barrier test within #1 session. Currently, I am on #20 Profits row and #4 Stop-loss hits regarding April - May - June cycle.
Technical analysis: Not the best responses of Gold regarding Selling accumulation as it is on # + / - 15 point Daily Price-action fluctuation currently, totally ignoring DX Trading on local High’s (almost on # +1.00% #2-session uptrend). The U.S. session opening delivered Higher frequency, as the Price-action was pulling back on a steady rate towards the #1,831.80 Resistance cluster without any viable explanation (it is a cycle lately where Gold delivered almost #15 point spike prior to every Support rejection, #3 out of #3 times). Configuration will obtain further Selling sentiment if #1,815.80 level breaks above #1,806.80 - #1,806.80 / level which has been untouched since June #13 - #16 fractal where Gold was Trading within Lower Low’s belt and practically was the Support for the aggressive Selling run. Again, I don’t see current Bullish bias as sustainable and I am not confident in Buying unless #1,842.80 benchmark breaks. I am expecting #1,800.80 barrier test anytime.
My position: As stated above, my original (Tuesday's session) order is still active, with #1,823.80 as an entry point. So far it is under control as I am awaiting values near #1,806.80 Support zone to close my original order.
Important update: As an addition to providing market insights and guidance on Gold (signals), I have been receiving increased inquiries regarding mentorship and Trading education. With that being said, I have decided that I will not only be providing consulting in regards to the market but I will also be providing teaching and education on Gold Trading (#1 on #1 classes) / this I’ll include Technical and Fundamental analysis . If this is something you are interested in or if this is something you have requested from me, please feel free to get in contact with me to get further information.
Order engaged (as per above) is still active, however #1,815.80 Support rejection throughout yesterday's session delivered #1,831.80 violent Bullish spike which I re-Sold instantly following Powell's hawkish stance which skyrocketed DX (which gave confidence to my second order). Since Price-action started reversing instantly, I have closed my second Selling order (#1,831.80 - #1,820.80) on a fine #11 point Profit run, with original order (engaged at #1,823.80 on Tuesday) still active, where I am expecting #1,800.80 barrier test within #1 session. Currently, I am on #20 Profits row and #4 Stop-loss hits regarding April - May - June cycle.
Technical analysis: Not the best responses of Gold regarding Selling accumulation as it is on # + / - 15 point Daily Price-action fluctuation currently, totally ignoring DX Trading on local High’s (almost on # +1.00% #2-session uptrend). The U.S. session opening delivered Higher frequency, as the Price-action was pulling back on a steady rate towards the #1,831.80 Resistance cluster without any viable explanation (it is a cycle lately where Gold delivered almost #15 point spike prior to every Support rejection, #3 out of #3 times). Configuration will obtain further Selling sentiment if #1,815.80 level breaks above #1,806.80 - #1,806.80 / level which has been untouched since June #13 - #16 fractal where Gold was Trading within Lower Low’s belt and practically was the Support for the aggressive Selling run. Again, I don’t see current Bullish bias as sustainable and I am not confident in Buying unless #1,842.80 benchmark breaks. I am expecting #1,800.80 barrier test anytime.
My position: As stated above, my original (Tuesday's session) order is still active, with #1,823.80 as an entry point. So far it is under control as I am awaiting values near #1,806.80 Support zone to close my original order.
Important update: As an addition to providing market insights and guidance on Gold (signals), I have been receiving increased inquiries regarding mentorship and Trading education. With that being said, I have decided that I will not only be providing consulting in regards to the market but I will also be providing teaching and education on Gold Trading (#1 on #1 classes) / this I’ll include Technical and Fundamental analysis . If this is something you are interested in or if this is something you have requested from me, please feel free to get in contact with me to get further information.
- 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.
