My final Target (#1,710.80) has been met earlier than I expected as Gold broken all Supports and stepped in deep Oversold territory. At the moment, regarding month May, I am on comfortable #10 Profits and only #1 SL hit. Congratulations to my Traders, and Traders who had patience to engage Sell positions and had trust in my calls all the way from Gold’s recent highs. I have concluded my Selling from #1,762.80 Top and booked extraordinary Profits on Gold’s Medium-term sell-off. This is one of the biggest-proportion declines since #2012 and by historic resemblance, every Gold decline (#40$ or more) should be immediately Bought. Consequent to recent Bear momentum, Weekly price is Trading at #1,714.80, potentially eyeing a run to another layer of Resistance line The top edge of a Lower High volatility belt continuing to push Gold on Lower levels. While this move was likely enough to remove a bigger portion of the Buyers from the market, Gold will unlikely fall anymore. Investors which are seeking for possible Sell opportunities, thanks to the Stock markets Daily chart Bullish Gap fill, should think twice. I will keep an eye on Stocks as my new/old point of interest, if they don’t sharply correct throughout the week, I’ll make my move. For now, I am comfortably on sidelines and without any positions, as it is too early to speculate what will happen next. Enjoy the Profits!
- 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'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
- 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'.
- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.