Closing both orders with profit / #93 Profits row

12 nov

As discussed throughout my yesterday's session commentary: "My position: I have made quick buck few moments ago and will keep operating with Selling order within my well know range. I do not expect any Bullish Short-term reversals as Trade remains "Sell every High's" which Gold delivers. I do expect Gold to continue Trading under Selling pressure and eventual #2,652.80 benchmark break-out."


I have engaged first Selling order with #2,663.80 entry point and closed the order on #2,640.80 (delivering fine #23-point Profit) and since #2,640.80 Support was invalidated on aggressive manner, I have re-Sold Gold (following DX numbers of course) with #2,638.80 entry point and closed my order on #2,618.80 on a fine #20-point Profit (#43 in total for the session and with #70-points on Elections day aftermath, #113-points in total just within few sessions).


My position: Gold is delivering excellent Selling opportunities as I am expecting even more pain for Buyers on Gold. All this is closely attached to DX on aggressive relief rally which is delivering heavy Selling pressure on Gold. Due Daily chart's #MA50 break-out and market closing below, I am expecting #2,552.80 benchmark before stagnation zone (as discussed many times on my remarks that #2,552.80 - #2,600.80 is ahead). I have engaged new Selling order with #2,595.80 entry point (optimal Target remains #2,552.80 benchmark).