goldenBear88

Closing my Buying order with huge Profits / #1,800.80 reached

Long
OANDA:XAUUSD   Or / Dollar Américain
As discussed on my morning's commentary:" My position: I will Buy Gold towards #1,805.80 if #1,784.80 breaks (and Yields without a Bullish comeback), and will only Sell if #1,760.80 strong Support breaks, no positions between this area."

I have closed my Buying order (#1,784.80 - #1,797.80) with huge Profits, after maximizing my account/Volume on current position, as Bond Yields engaged Short-term decline (struggling to make Bullish comeback) and as I saw Support break on Yields, I maximized my account and it was surely worth it, after few sessions of cutting positions due to Bond Yields trend changes on almost Hourly basis.

Technical analysis: Since #1,797.80 rejected the Price-action (representing strong Resistance on my charts), I have closed my order as near as I could, since I knew that Gold might defend the psychological barrier there. If Bond Yields (on a small reversal) test the same Support again and Gold breaks #1,797.80, I will continue Buying, with my Buy orders ready to pursue #1,817.80 Higher High extension. I will use this chance to congratulate Traders who followed my call!

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