As discussed throughout my yesterday's session commentary: 'My position: Gold has delivered excellent re-Sell opportunities throughout past #2-session horizon and if you took my advice (as you can see above), you would be in excellent Profits as I am, re-Selling both sessions especially Gap on Tuesday's Asian session opening (#4,302.80 - #4,282.80). Yesterday's session was a bit slower than Monday's one however still #5 out of #5 re-Sells ended up in decent Profits (already near my weekly Profit Target quota as I was last week in this time). The Price-action swings currently inside a #4,327.80 - #4,342.80 soft Rectangle on Hourly 4 chart and comprehensibly Neutral values across all Hourly and Minute charts. I am uninterested on the extra Risk involving Trading outside my breakout points as current session might deliver aggressive spikes on both sides without major break-out due FOMC later on throughout the session. If you decide to Trade today, Buy Gold as long as we are above #4,327.80 Support for the fractal. I will take it easy throughout the session, monitoring how Gold will digest the news.'
My position: As per my input above I posted yesterday, Gold delivered excellent re-Buy opportunities from #4,327.80, #3 almost #20-points uptrends towards #4,357.80 extension which was a barrier for Gold to unlock new upside potential. I have engaged re-Sell orders ahead of the Fed Rate decision as I was certain that Fed will lift the Rates, my orders engaged on #4,344.80 and #4,352.80 were in big drawdown before the news however I decided to keep them. As soon as Rate was announced, Gold entered Volatile phase however I kept my orders since I was there with my plan and naturally Gold dipped towards #4,322.80 where I closed my first batch of Sells there and continued Selling whole session ahead even the conference which had hawkish tone on the aftermath (was record Profit session for me). However as my calculation points and statistics regarding previous announcements where Fed raised the Rates, surprisingly I did spot weird habits that when Fed raise Rates (should be Bullish for DX and Bearish for Gold) Gold tends to rise session after aggressively so this is a mix which I will monitor from sidelines, not making more moves as my Profit quota for this week is met and I do not have urge to Trade more. I will remain on sidelines comfortably however if I had to pick a side, I'd Buy Gold today from my key entry points.
My position: As per my input above I posted yesterday, Gold delivered excellent re-Buy opportunities from #4,327.80, #3 almost #20-points uptrends towards #4,357.80 extension which was a barrier for Gold to unlock new upside potential. I have engaged re-Sell orders ahead of the Fed Rate decision as I was certain that Fed will lift the Rates, my orders engaged on #4,344.80 and #4,352.80 were in big drawdown before the news however I decided to keep them. As soon as Rate was announced, Gold entered Volatile phase however I kept my orders since I was there with my plan and naturally Gold dipped towards #4,322.80 where I closed my first batch of Sells there and continued Selling whole session ahead even the conference which had hawkish tone on the aftermath (was record Profit session for me). However as my calculation points and statistics regarding previous announcements where Fed raised the Rates, surprisingly I did spot weird habits that when Fed raise Rates (should be Bullish for DX and Bearish for Gold) Gold tends to rise session after aggressively so this is a mix which I will monitor from sidelines, not making more moves as my Profit quota for this week is met and I do not have urge to Trade more. I will remain on sidelines comfortably however if I had to pick a side, I'd Buy Gold today from my key entry points.
- My official Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- goldenbear88.trade/
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- goldenbear88.trade/
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
- My official Telegram Channel: t.me/goldenBear88
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- goldenbear88.trade/
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- goldenbear88.trade/
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.