goldenBear88

Closed my final set of Sells / small Profits booked

TVC:GOLD   CFDs VÀNG (US$/OZ)
After yesterday's closing my second added set of Sells in excellent Profits, I've kept my original one (from May #19 - #1,732.80 to #1,715.80), but since #1,715.80 wasn't broken, I closed it on yesterday's session Low (#1,720.80 to be exact) with small Profits. I've decided to close it, not to endanger my Monthly Profits, since I am more than satisfied with it. Again I need to state that yesterday's Price-action was a Fundamentally driven session and Technical analysis is only useful when the market returns to normal Trading conditions. Those show the Daily chart is still Neutral, Stock markets on a correction but not wildly above Friday's Low and Usd-Jpy pair above the Support and potentially rising. The Hourly chart #MA50 also was broken - but since start of the month, every #MA50 break, later on resulted as an Bullish spike and probable small Bullish leg / reversal pattern. That's why, I didn't wanted to gamble and waiting for E.U. opening with open Positions, and my decision to close my Sell orders was spot on. I don't rule out another #1,715.80 test, if #1,720 is broken, Gold can dip even lower than #1,705.80 - but for now, as long as #1,720.80 first Support holds, #1,755.80 extension seems a more real possibility. Both ways, I will not make any decisions today, both scenarios are possible so, since the weekend is ahead, I will comfortably remain on sidelines, waiting for new pricing opportunity with great Monthly Profits on my account. Bottom line: if #1,715.90 fails to hold, Price-action will be calling for #1,705.80 and #1,695.80, if not, Gold will continue the Bullish leg with decent extension. In addition, if a profitable pattern emerges even today, if I seem it valuable - surely I won't miss such opportunity to take it.

- 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.
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.