Having Buying orders from #2,600.80

16 Okt

As discussed and explained many times on my previous remarks: "New meta explained once again: I have made a test with my own Trading account and my Trading group (bigger margin accounts) and Bought Gold within #2,570.80 - #2,580.80 with Lower Volume orders (#3.0 and #4.0's) and kept both orders until #2,680's which delivered spectacular Profit on each order. Taking the fact that relief rally isn't stopping since mid-October last Year in consideration, I have extended my Technicals which are pointing that Gold (due Fundamentals) should extend the Buying cycle towards #2,852.80 - #2,900.80 hard Resistance zone and new record High's. I am contemplating (besides my usual Day-Trading orders) doing the same, Buying Gold and keeping my orders until #2,852.80 or above which is my Medium / Long-term Target of Gold. Gold will also deliver Short-term corrections which of course I will keep utilizing however this is excellent opportunity ahead of us to take advantage of Middle East crisis escalation."


I have engaged two #2.0 and #3.0 Volumes for myself and my group with #2,600.80 benchmark as my entry point / both which are running in excellent Profit as I intend to close them as close to #2,700.80 benchmark in extension.


Regarding yesterday's session order: I have engaged re-Sell order with #2,652.80 benchmark entry point (Technically Gold should be significantly Lower) and Price-action reversed and hit my Stop-loss. However I have engaged new re-Sell order with #2,668.80 entry point and closed it on #2,659.80 which instantly recovered my previous loss. Gold is on relief rally once again and I hold no Short-term orders / only Swing Buy's. I am Highly satisfied with Profit on both Buying orders.