ACTIVE LONG ORDER - GOLD IS TESTING MY FIB SUPPORT LEVEL

13 dic 2022

After today's CPI news, a bearish move has clearly been postponed. After the rally to 1823-1823.80 buyers closed their positions in profit and the price came back and tested 1806.5. I decided to open a Long position at 1808.5 ( 61.8% Fib Level) my current strong support. I set 1798.8 as Stop Loss, and my first target is 1833.00. If gold Break and closes above 1819.40 at the following session , AND the Fed pushes the dollar deeper, I will open another Position and both of my orders will targeting 1977.50. I will use trailing stop as usual. If the market closes tomorrow's session below 1798.80 (less possible), then the Buy will be postponed.