Aggressive entry long on gold
Updated
Long gold due to congestion at 50% at 2 previous swing highs and price stalled for 12 days on the way up, expecting to act as very strong support for this quick retracement before gold moves to recent highs and possibly higher. Better entry and second position for me is at 50% however i think we may miss this level so i entered a few pips above and am active.
Note
held 50% perfectly on the daily, second position got triggered. USD came of heavily overnight and I think the sell off due to Hawkish fed expectations are way overdone, whether its Yellen or anyone else we were having rate hikes this year and next anyway. Expect a fairly strong day for gold.Note
entered second position at 1278
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