Closing my Buying order with decent Profits / Gold near Top

2021年4月16日

As discussed on my morning's commentary:" Bond Yields are on main stage at the moment, and which side will prevail on Gold ( Bearish or Bullish ) totally depends on Bond Yields movements. I will Buy Gold if #1,768.80 breaks calling for #1,792.80 Lower High extension."

I have closed my Buying order engaged on #1,768.80 first Resistance break (#1,768.80 - #1,781.80) and closed near February #24 High, #1,782.80 (which is the final Resistance between current Price-action and #1,800.80 psychological barrier) and comfortably recovered my current miscalculation near #1,744.80. I will use this chance to congratulate Traders who followed my Intra-day call on their Profits.

My position: Since there was only #1 strong Resistance between #1,768.80 and #1,800.80 (which is already broken, Trading at #1,782.80), I have closed my Buying order near it, without waiting for a break since my Profits were already decent at that point. However, Gold is pricing a Technical Top here (currently for the session, or not / I will have more with next week's candle) and if Gold don't pierce #1,768.80 Support on Monday (what was Resistance, becomes the Support and vice-versa) and Bond Yields not make an Bullish comeback, path is cleared for Technical #1,796.80 test which I will be ready to pursue with my set of Buying orders, if variance allows. Enjoy the Profits!