Closing my set of Selling orders with excellent Profits
As discussed on my previous commentary:" Technical Bearish opening / and the only statistic I have is that every time Gold reaches Resistance levels on RSI (Hourly 4 chart), Gold is Bearish with a #71.4% probability on a #4 session horizon. I will trust my model/statistic and engaged my Sell order with #1,920.80 Target." / I have closed my set of Selling orders I engaged just few hours ago (#1,955.80 - #1,931.20) with excellent Profits. Congrat's for Traders who followed my call!
My next step: The Price-action is now below the #1,941.80 Resistance gaining Selling momentum as the DX is pulling back, as expected. Gold is approaching again the Lower High trendline of the Daily chart Channel Up, slightly above the MA’s on Hourly 4 chart, which could be a messenger of a Bearish continuation. It would be best for Short-term Traders to wait for area to be engulfed, as this is the crossroad for current Week. Lagging upswing sequence comforted Sellers on Intra-day Selling move, as Price-action was close to #2 Month Top. I will not make any more moves for this session as Price-action is close to #1,927.80 strong Support. I am more than satisfied with my today's Profits and will comfortably remain on sidelines.
My next step: The Price-action is now below the #1,941.80 Resistance gaining Selling momentum as the DX is pulling back, as expected. Gold is approaching again the Lower High trendline of the Daily chart Channel Up, slightly above the MA’s on Hourly 4 chart, which could be a messenger of a Bearish continuation. It would be best for Short-term Traders to wait for area to be engulfed, as this is the crossroad for current Week. Lagging upswing sequence comforted Sellers on Intra-day Selling move, as Price-action was close to #2 Month Top. I will not make any more moves for this session as Price-action is close to #1,927.80 strong Support. I am more than satisfied with my today's Profits and will comfortably remain on sidelines.
- My official and only Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) and Gold Trading school.
- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) and Gold Trading school.
- Trading Gold since #2012'.
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