Short

Closing my set of Sells with excellent Profits

Excellent Bearish developments on Hourly 1 basis as I am expecting deeper Bearish sequence with #1,695.80 extension. I have closed my set of Sells (Intra-day from #1,718.80 to session Low #1,704.80) with excellent Profits and still I am not interested in Buying the market. The FOMC repeated their monetary action plan that the market already knew (low rates until more Currency is printed and loan management/plan delivered) and that kept DX low but the Stock markets rose some more and that in turn gave a little boost on Gold (Xau-Usd on my analysis) on E.U. opening, but still didn’t had strength for Buying confirmation - and as an result, decline was visible. This doesn't alter the Hourly 4 trend though which is Bearish since the June #8th Top and appears to be Trading below the Rectangle. Based on that I may see #1,695.80 within #2 sessions and then pullback to the Hourly 4 #MA50 again, however if #1,695.80 gets broken, I can't rule out the possibility of #1,680.80 Support test. Keep in mind the many data that are reported this week (EU CPI, ECB Rate and BoJ), so expect a Volatility. Medium-term Traders can pursue lower Targets. Congrat's for Traders who followed my call.

goldenBear88

- My official and only Telegram Channel: t.me/goldenBear88

- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.

- Trading Gold since #2012'.

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goldenBear88

- My official and only Telegram Channel: t.me/goldenBear88

- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.

- Trading Gold since #2012'.

Also on: