Closing both Buying orders with #100-point Profit each

18 Okt

As discussed on my recent remarks: "As discussed and explained many times on my previous remarks: "New meta explained once again: I have made a test with my own Trading account and my Trading group (bigger margin accounts) and Bought Gold within #2,570.80 - #2,580.80 with Lower Volume orders (#3.0 and #4.0's) and kept both orders until #2,680's which delivered spectacular Profit on each order. Taking the fact that relief rally isn't stopping since mid-October last Year in consideration, I have extended my Technicals which are pointing that Gold (due Fundamentals) should extend the Buying cycle towards #2,852.80 - #2,900.80 hard Resistance zone and new record High's. I am contemplating (besides my usual Day-Trading orders) doing the same, Buying Gold and keeping my orders until #2,852.80 or above which is my Medium / Long-term Target of Gold. Gold will also deliver Short-term corrections which of course I will keep utilizing however this is excellent opportunity ahead of us to take advantage of Middle East crisis escalation."


I have engaged two #2.0 and #3.0 Volumes for myself and my group with #2,600.80 benchmark as my entry point / both which are running in excellent Profit as I intend to close them as close to #2,700.80 benchmark in extension."


I have closed my both Buying order with #2,600.80 entry point on #2,700.80 which materialized excellent Profit on both of my #2.0 and #3.0 Volume Selling orders. I am very satisfied with my Profit and will continue doing so until #2,900.80 benchmark.


My position: Gold is Trading on my predicted values and even though Gold is Overbought, Gold is showcasing strong Buying pressure presence where Sellers are unable to stage a correction. Either #2,700.80 benchmark breaks and Gold corrects some of the recent gains or #2,700.80 Resistance turned to Support reversal delivers another #2,727.80 local High's test. Since market is on High speculation mode, Trade the breakout. I will close the week Highly satisfied with my results.