It looks like Gold has broken the key S/R line and could potentially be heading up. I will wait till the UK/US market cross over tomorrow morning to see if it is indeed a break to the upside. If so, I will wait for a clear retest or strong price action before initiating a long position.
Good luck and clear trading to all.
Good luck and clear trading to all.
การซื้อขายยังคงดำเนินอยู่:
Long: 1211.60
S/L: -400pips
T/P: 1250.00
S/L: -400pips
T/P: 1250.00
ความคิดเห็น:
Ps: That is not to say GOLD won't keep rising, but when it reaches clear pivot points, better to take profit and let the market tell you where it is going rather than guess. GOLD is at 12320 now.
ความคิดเห็น:
Sorry, I meant USDOLLAR is at 12320.
ปิดการเทรด ด้วยตนเอง:
Closed 2nd half of the position at +114. It is not trending up at this moment and has retraced quite a bit.
First portion was closed earlier this morning at +440. Sorry I didn't get a chance to journal it here, was too focused.
First portion was closed earlier this morning at +440. Sorry I didn't get a chance to journal it here, was too focused.
ความคิดเห็น:
Gold looks like it has formed a double top and could be rolling over. Keep an eye out for lower highs, a change of bias could be upcoming.
So please keep an eye on the USDOLLAR, if it reaches Key support and retraces, it might be a good time to scale out or get out of Gold during this time frame.
Good luck and safe trading.