Gold buyers are still in control.

Good buying action between 2605 and 2035. Buyers are consolidating in this zone. I am looking to go long once it breaks above 2627, with a stop loss at 2580, targeting 2720 and above 2780.

Trade active

2660 was another strong resistance, with persistent sellers at this level. Yet, it was easily broken through by the constant demand from the buyers. These are not just some institutions that are buying; there are countries involved in pushing the price this high and fast.

Note

Anything can happen in this market. Remember to lock in some profits along the way.

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This will be the last time that I share my live trade on TV. In the future, I will only share my thought process and analysis of where the market might be heading.

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I will sell 1/4 at 2657.

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Moving my stop loss to 2630.

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Left 3/4.

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I forgot to update here. I exited 2/4 at 2720 and left the last 1/4 to run to my final profit target at 2780. I'm moving up my stop loss to 2665.

3 days ago

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Moving my stop loss to 2715.

2 days ago

Trade closed: target reached

I've exited my remaining 1/4 at 2775.

GoldenEdge

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