Sell order engaged / #2,452.80 benchmark Targeted
Quick update: Gold invalidated the Daily chart’s Support (in extension, many market closings below Daily chart’s #2,500.80 Support / benchmark), which has now turned into a Short-term Resistance as the first test on the previous Hourly 4 chart’s candle was unsuccessful. The next barrier on my focus is the #2,452.80 benchmark, which I expect to break with relative ease as the DX formed very Bullish formation. I do not expect today’s session Fundamentals to be relevant, as I await #2,472.80 Selling extension (Selling on every High's) once DX initiates more serious recovery.
My position: I have waited for proper time and initiated set of Selling orders with #2,500.80 entry point which are up and running, optimal Target remains #2,452.80 benchmark. If #2,472.80 - #2,482.80 Support zone gives away, #2,452.80 benchmark can be filled on Intra-day basis.
My position: I have waited for proper time and initiated set of Selling orders with #2,500.80 entry point which are up and running, optimal Target remains #2,452.80 benchmark. If #2,472.80 - #2,482.80 Support zone gives away, #2,452.80 benchmark can be filled on Intra-day basis.
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- Trading Gold since #2012'.
- I do provide professional Gold consulting (signals and financial advice) and Gold Trading school.
- Trading Gold since #2012'.
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