GOLD - Big Picture Matters

Let's take a look at quaterly gold's chart. Gold seems to have a breakout to the upside and now back-tests its previous structure.
That resistance -turned- support around 1880-1895 should provide great buying opportunities if gold maitains its bullish structure and heads higher after back-testing.

We recommend traders to long gold at 1885-1895 with strict stop loss under 1875 and target 1930-1950-1965 (for short term trades)
We recommend traders to long gold at 1875-1895 with stop loss under 1825 and target 2070-2150-2230 (for medium term trades)

Zlecenie aktywne:

Got half contract @1895 for short term trades.

Zlecenie aktywne:

Got another half contract @1885 for short term trades.
Total 1 contract average price @1890

Zlecenie aktywne:

Got half contract @1875 for medium term trades

Zlecenie aktywne:

Got half contract @1880 for medium term trades.
Total 1 contract average price @1877.5

Komentarz:

Took profit half contract of the short term trades @1920. That was a good profit of almost 30 USD.
Moved SL of the other half contract to break even, and set TP @1950.

Komentarz:

SL @break-even for half contract of short term trades.

Komentarz:

our 1 contract for medium term trades @1877.5 is still good to go.