I am of the opinion that a conservative trader who is already in a by trade should exit between 1813 & 1819 and wait for price action. Gold is Gold and it can always do what it wants to do sometimes but I see a good massive sell opportunity between 1830 - 1834 and a good buy opportunity anywhere around 1675 & 1682. I am only sharing my view based on what I can see from where I sit.
I have been in a Gold buy trade since Friday from 1782 and I have already trailed to 1803 with SL at 1813. Just a very conservative one. There is no point leaving money on the table when you do not own the market or have the power to dictate its direction.
please do study my chat and like my idea if it makes sense to you.
Happy trading!!!!!
I have been in a Gold buy trade since Friday from 1782 and I have already trailed to 1803 with SL at 1813. Just a very conservative one. There is no point leaving money on the table when you do not own the market or have the power to dictate its direction.
please do study my chat and like my idea if it makes sense to you.
Happy trading!!!!!
Note
I can see gold trending nicely as expected. I was taking out in profit at 1807.5 in the course of trailing price and my pending order was activated at slightly above 1782.If you watch closely you will see there was a bounce just about the bottom of the purple box. I have also moved SL into profit as I do not own the market. We trade high probability not a certainty and if I am taking out in profit, It's an opportunity to enter at the next key support.
Trading requires a lot of patience.
Keep wining!!!
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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.