Closing my Selling order with Profit

102
As discussed throughout my Friday's session commentary: "My position: My Selling order has been closed automatically (#2,892.80 - #2,872.80) with Take Profit hit and left me without any orders. As Gold delivered decline in continuation throughout Asian session, I have missed #2,872.80 - #2,852.80 benchmark extension (currently #3-Week Low's test) however I don't mind since my returns for current weeks are excellent. I have stated potential of #2,892.80 - #2,900.80 Support now turned to Resistance zone, as long as it preserves Selling bias and reverses each Bullish reversal, Price-action within or below is Bearish. Keep in mind that as long as we Trade below the mentioned zone, #2,852.80 benchmark break-out has more chances to be delivered rather than #2,900.80 benchmark. Keep Selling every High's on Gold with #2,900.80 Top's however if #2,852.80 benchmark gives away, #2,827.80 is next contact point to monitor."


I have closed my Selling order (#2,852.80 - #2,835.80) throughout Friday's session delivering fine #17-point Profit, extending my results range to #142 Profits and #24 Stop-hits regarding December #2023 - March #2025.



Quick update: Gold is Trading within Neutral waters and it is question now which side will prevail. I am in excellent position currently, Highly satisfied with my Profits without urge to Risk more on ranging market. Either #2,892.80 - #2,900.80 gets tested, or #2,852.80 benchmark. If Resistance zone rejects the Price-action, I will Sell Gold there on spot Targeting #2,852.80 benchmark once again. If however #2,900.80 gets invalidated, Short-term Bullish bias is restored.

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