goldenBear88

Closing my Selling order Intra-day with decent Profits

שורט
TVC:GOLD   CFDs על זהב (US$ / OZ)
As discussed on my morning's commentary: "I will comfortably wait for #1,717.80 break and then make my move / pursue #1,700.80 psychological barrier with my Selling orders." / I have closed my Selling order Intra-day (#1,717.80 - #1,702.80) with decent Profits, congrat's for Traders who followed my call!


Selling sequence: Very interesting fractal regarding Hourly 1 chart as Gold dipped almost #30 points, previously discussed on my morning’s commentary. That current decline should be historical, confirms the Daily chart configuration on Bond notes, where Price-action almost broken the February #20, #2020 Year High (which has been holding for #1 straight Year), and on the aftermath, Gold (February #24 - March #19 fractal) engaged almost #200$ decline. My estimation shows that Gold’s fair Technical value should be around #1,600.80 next, with possibility of #1,550.80 test (April #2 Low). As Gold always repeats it’s cycles, I am well known as an Medium-term Trader and as such, I am heavily on Bearish side. If #1,700.80 breaks firmly (#1,699.80 and below), expect #1,678.80 within #2 sessions. Enjoy the Profits!

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