Closing my Selling order with Profit

As discussed throughout my yesterday's session commentary: "My position: I will continue Trading the #2,892.80 - #2,922.80 range, Buying every Low's / dip on Gold unless one of the major break-out points is compromised."


I have waited for one of my benchmarks to get invalidated and since #2,890.80 gave away, I have engaged Selling order on spot and closed it on #2,880.80 which was Trading near #2,877.80 - #2,880.80 Support zone.


Technical analysis: Despite the strong Bearish candle sequence throughout early U.S. session (DX is approaching #52-week Low's), Gold remains Bullish and above my Support for the session as the U.S. session is approaching and geo-political tensions resurfacing. Personally, Price-action didn't caught me by surprise Trading on one of the strongest Hourly 4 chart’s candles in #60 sessions, negating almost all losses that Gold delivered throughout the week. It was Natural to expect Short-term recovery (RSI cooling down Oversold levels) however one could not expect #2 strong Resistance zones to break without serious cause / I did since DX could extend the Selling sequence anytime and add heavy Buying pressure on Gold.


My position: As long as DX is Trading on disappointing numbers, I will Buy every dip on Gold. My current order, Buy with #2,908.80 entry point / optimal Target remains #2,922.80 - #2,927.80 Resistance zone.