Closing my post NFP order / #101 Profits row

9 de dez.

As discussed throughout my Friday's session commentary: "My position: Even though I could easily take early weekend break and not Trade the NFP since my Profit range / returns are excellent, I decided to take small Risk order and Trade the news. According to my estimations, I do believe upside surprise on NFP which (if delivered) will add heavy Selling pressure on Gold and excellent Selling opportunity to finish the week in excellent manner."


I have closed my Selling order (#2,640.80 - #2,625.80) as my NFP projection was spot on however Gold didn't reacted instantly / Trader had to have patience to hold such order which I succeeded upon.


My position: As my Neutral Rectangle (Trading zone) is invalidated, #2,657.80 break-out may stall near #2,662.80 Resistance in extension. If #2,662.80 gets invalidated, Bullish Short-term bias is restored and I will Buy Gold on spot. However if #2,652.80 benchmark gives away, #2,632.80 - #2,652.80 represents new / old Trading zone.