#1,748.80 Medium-term Target hit! Huge Profits

As discussed throughout my morning's commentary: My position: "Sellers should wait for area to be engulfed and engage only if #1,794.80 first Support breaks." My pending Selling order got triggered and activated, with #1,794.80 entry point. However, I moved my Stop-loss on breakeven to prevent unexpected scenarios, as today's session Retail Sales is #2nd Fundamental announcement in a row which can postpone the downtrend, and fair Technical value of #1,748.80 test. Number Lower than expected could hurt DX and add Buying pressure on Gold , and current configuration offered me no other alternative than to move the Stop-loss in Profits or close the order in small Profits if Retail Sales have Lower than expected reading. All in all, I am expecting #1,748.80 next sooner or later, where no more Fundamental announcements can save and arise Buyers."


I have closed my first pending order with Profits (#1,794.80 - #1,780.80) on a fine #14 point run, and once I spotted Retail Sales numbers (announcement better than expected which added Selling pressure on Gold, hence Bullish for DX), I engaged second full Volumed order on #1,774.80 point, and closed it on #1,753.80 variance near my #1,748.80 Medium-term Target on decent #21 point run. All in all, it was excellent #35 point Profit run which I utilized to it's maximum. I will use this chance to congratulate Traders who followed my calls and had patience to keep the orders throughout the session, well done!


It is important to note that once again my Medium-term projection worked favourably and my Medium-term Target met! I will call it for today's session as I am more than satisfied with my Profits range for August - September fractal.