goldenBear88

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

Короткая
TVC:GOLD   CFD на золото (US$ / OZ)
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.
Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.