XAUUSD LONG
I'm going long here on XAUUSD. A clear break and retest with the confluence from my golden Fibonacci zone. This will be my last trade of the day as the market is soon going to slow down. I have two positions running. I will close position one at the -27.00 extension. And I will close the second position at -61.00 extension which is TP2. Once the price reaches the 0.00 zone, I will move my stops to breakeven, to essentially make this a risk free trade. Let's see what happens here. We are 2-0 for the day, lets go out with a win.
Trade active
This Gold trade looks like it might not be in our favor. Im moving my SL a bit tighter to 1920.096 which is the lowest wick below the support zone. If we lose this trade, I will still be in profit today even though I might lose this one. Just goes to show you how important risk management is. Lets WatchTrade closed manually
Losing Trade. We were still profitable for the day though, will return tomorrow morning around 6:30 am CT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.