Get started
Gold Spot / U.S. Dollar
Long

GOLD Buy Stop

By hasanzad
Updated
Buy stop entry: 1237
SL: 1216
TP1: 1249
TP2: 1256
Break even TP1 and close half of the position
Trade active
the order was activated now. we are waiting for TP1, good luck
Comment
Still waiting
Trade closed: target reached
TP1 activated, break even the position, it is risk free now and we are waiting for TP2, good luck.
Comment
Waiting for TP2, there is not much space to TP2
The movement is very strong, you can 1/2 of the remain position and bring the SL to TP1 and with 50 gold pips (500 pips) trail the price
Trade closed: target reached
TP2 activated, I personally close half of the remain position (1/4 of the total volume), and transfer the SL to TP1, and activate trailing stop with 500 pips.
Trade closed: target reached
The remain (1/4 of volume) will be stepped out by trailing stop @1254.9

It was very nice trade during 8 working days.
If the current candle in H4 will be closed with Engulf pattern, I may go to open short position. It is not signal, it is just an idea
GoldXAUUSD

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.