Great weekend
As discussed throughout my morning commentary: “My position: In today’s session, if you decide to trade, mainly continue to buy gold and in the last session of the month, profit taking will be in place of investors who participated in the current selling sequence and gold will not fall (at least today as much).” I will be buying gold today in a few tight spots (#4,527.80, #4,522.80 and #4,502.80 at the end) but with one order, nothing aggressive as my profits are already excellent from the current selling sequence. If #4,552.80 is given up, #4,572.80 is next. I of course think that gold will continue the selling sequence with next week’s candle.
My position: What an excellent way to end the week and put the cherry on top of the cake/ I was selling the last #3 weeks fractal and as I was well aware of today’s profit taking session (last trading session of this month and most of the investors who were selling gold will liquidate their orders and gold will rise significantly), I was waiting for the opening bell of the US session with my set of buy orders of #4,515.80, #4,522.80 and #4,527.80 and closed all my orders on extension #4,572.80 with amazing profits announced this morning. Congratulations everyone.
