Gold price is moving along an Intraday Double Top and has found momentum on a head 'n' shoulders pattern on a low timeframe.
Idea is to buy at market- current price up until 2590.
Stop-loss 2579.90
Trade attivo
Buy Gold at market-price up until 2590.
Stop loss: 2579.90
* Risk only 0.25% to 0.5% of your total capital on this trade
(risk management)
Nota
Take Profit at 2594.50
Nota
Update on trade:
Buy 2578 - 2566
STOP LOSS: 2544
Nota
Gold - Price made a deeper retracement than I expected complicating the last Long trade. But this is a 50% retracement with a deep stop loss below order blocks. So holding this for the medium term perhaps. I can't see price going lower than here for a while.
Nota
I've been getting some signals from my own settings (after the last trade long) that the VIX INDEX will probably make a move upwards today. If that happens you want to cancel any Long Gold positions
Ordine annullato
I have closed out my Long Gold position. Anticipating volatility mostly negative for Long Gold at start of NY trading today.
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