Excellent Profits within my #3,322.80 - #3,348.80 range

As discussed throughout my yesterday's session commentary and many more before: "My position: I will re-Sell Gold from my key entry points towards #3,327.80 first, then #3,322.80 extension. If #3,322.80 gets invalidated, expect #3,300.80 benchmark test within Hours on break aftermath."


I have been mentioning Selling potential within my recent remarks where I have again re-Sold Gold throughout yesterday's session from #3,343.80 first towards #3,332.80 Support (first batch of set of Selling orders closed). Then on #3,337.80 reversal, Sold again with #3,322.80 Target and kept second set of Selling orders and closed on #3,322.80 Support zone test. I have been utilizing current Selling potential to it's maximum. Congratulations on Profits.


Technical analysis: The Hourly 1 chart’s newly formed Descending Channel has finally invalidated #3,322.80 Support zone (Xau-Usd Spot numbers) I've been mentioning the last couple of sessions, turning Oversold in the process and a Sell-off later on should be delivered after correction process (the stronger the rise, the steeper the fall will be as Gold was Trading purely on Inflated prices). It is important to note that the Price-action is still isolated within healthy Descending Channel on bigger charts without signs of exhaustion. Hourly 4 chart’s Higher Low’s Upper zone should reject the Bullish action as I treat each rise as nothing more than Buying pressure from DX Trading towards Weekly Low’s. Technically, this is additional Selling opportunity towards the #3,292.80 - #3,300.80 Medium-term Support zone. However it all really depends on how the Bond Yields and DX Trade coming into today’s U.S. opening Bell as I treat every rise as an re-Sell opportunity below #3,352.80 benchmark. Only when Gold closes session / market above #3,352.80 benchmark, Bullish Short-term bias is restored.