long gold with small risk
Updated
Continuing the 2017 gold plan linked below.
I will add at market price here, two positions with SL @ 1245 , main target @1335 and extended target above @1400 or break even @ 1270 after hitting the main target.
You could set your ST tighter and enter later if break below @1260
Good luck.
I will add at market price here, two positions with SL @ 1245 , main target @1335 and extended target above @1400 or break even @ 1270 after hitting the main target.
You could set your ST tighter and enter later if break below @1260
Good luck.
Note
Planing to hedge my longs only if it makes hourly consolidation below the trend lines, about the 1270's level, otherwise will Keep it and buy again after seeing the price action if it went to @1250's area Untill I see a major trend change, Long will stay the plan, so i will use every dip to add more, and hege the Longs with break-even short positions.
Good luck.
Note
- Hedge positions were opened as plan @1270's, around the same level longs were bought.- Now will wait the daily and weekly close, to see the market reaction after the news.
- As the hedge positions are now in play, I have deleted the Stop loss @ 1245 for the added long positions.
- All hedge positions were set to break even.
Will update later
Note
-May fall further short term, as long as DXY is climbing higher.-Still holding my long positions, adding small longs all the way down, balancing with some short positions after breaking down each minior reversal level, may not be the smartest move now, but I'm aiming for long term targets in gold.
-Will start taking partial profits from short positions @1224,1170 and 1040 if we get there, or @ break even
Trade closed: target reached
-1st long target reached, partial profit booked.-One short was flipped to long @1224 and the other two were closed @ breakeven
will update later
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