Keeping my Selling order / #2,300.80 benchmark on aim
As discussed throughout my yesterday's session commentary: "My position: I have guessed NFP outcome nicely (downside surprise) however I was on sidelines throughout the session. I am contemplating Selling the market within #2,321.80 - #2,331.80 zone towards #2,300.80 benchmark. I have Sold Gold with #2,322.80 entry point (optimal Target remains #2,300.80 benchmark)."
I have Sell with #2,322.80 entry point running nicely (#2,300.80 benchmark Target) as I closed the second re-Sell order taken on #2,330.80 test on #2,317.80. Unfortunately, I have missed #2,311.80 test as it was delivered on early E.U. session (time when I rest), however I am satisfied with returns.
Technical analysis: I am only expecting Gold to fall more under these conditions. If Gold preserves #2,310.80 final Support it is going to be a ranged session but if it does, I may see quite a Bearish session on the aftermath. As for the Price-action, for now Gold is consolidating within #2,310’s as expected with DX on Intra-day recovery adding Selling pressure on the Price-action. The movement is within my models and my outlook is unchanged. The Medium-term Bearish trend within Daily chart's Descending Channel is intact and should be seeing #2,252.80 benchmark test first no matter what happens later on throughout the week with #2,200.80 psychological benchmark in extension.
My position: As stated above, my first (original) Selling order is still active (#2,322.80 entry point) with #2,300.80 benchmark as optimal Target. I do expect it to be realized within the session.
I have Sell with #2,322.80 entry point running nicely (#2,300.80 benchmark Target) as I closed the second re-Sell order taken on #2,330.80 test on #2,317.80. Unfortunately, I have missed #2,311.80 test as it was delivered on early E.U. session (time when I rest), however I am satisfied with returns.
Technical analysis: I am only expecting Gold to fall more under these conditions. If Gold preserves #2,310.80 final Support it is going to be a ranged session but if it does, I may see quite a Bearish session on the aftermath. As for the Price-action, for now Gold is consolidating within #2,310’s as expected with DX on Intra-day recovery adding Selling pressure on the Price-action. The movement is within my models and my outlook is unchanged. The Medium-term Bearish trend within Daily chart's Descending Channel is intact and should be seeing #2,252.80 benchmark test first no matter what happens later on throughout the week with #2,200.80 psychological benchmark in extension.
My position: As stated above, my first (original) Selling order is still active (#2,322.80 entry point) with #2,300.80 benchmark as optimal Target. I do expect it to be realized within the session.
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- 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.