GOLD XAUUSD - 5 : 1 win vs risk trade idea
Updated
Hello all
Following on from last week, i am continuing my view of dollar weakness.
Following trading through NFP on Friday, I expect Gold to now continue higher
I have gone long on the retest of what was resistance now turning into support.
I entered the trade earlier when I was out.
I expect this to achieve a 5 to 1 outcome. I will be looking to add to my position on further pullbacks
thanks for looking
Duncan
duncanforex.com
Following on from last week, i am continuing my view of dollar weakness.
Following trading through NFP on Friday, I expect Gold to now continue higher
I have gone long on the retest of what was resistance now turning into support.
I entered the trade earlier when I was out.
I expect this to achieve a 5 to 1 outcome. I will be looking to add to my position on further pullbacks
thanks for looking
Duncan
duncanforex.com
Trade active
Hi AllTrade pulled back to entry however then took off. New highs made on the daily, therefore i do expect this to get to 1300 minimum. Currently i think it will pull back 1282 before cycling higher again
Trade active
Hi AllJust to update that I am still long Gold, i have moved my stop loss up 50% of the distance between the entry and original stop loss position to halve my riskTrade active
Hi all - stops moved to 1279Trade active
Hi AllThis trade is still active and with continued trade wars, I do expect another leg higher to get up to 1310
Trade active
hi all stop has been moved to 1292.5 as it has now made a new higher swing low at 1295Trade active
Hi all, trade is still live. It is bouncing repeatedly on support, normally it means it will break it, however stops are at 1282 in profit so trade is safe
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