ggcforex
Long

Gold-Buy- A beauty!

FX:XAUUSD   Gold Spot / U.S. Dollar
187 views
7
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Well, I am positioning to buy Gold . Amidst the "risk off" market, there are a lot of buyers and they have nicely pushed gold above the 200 ema , 100 ema , with a nice cross of the 13 ema . I like how this chart looks! A classic buy opportunity.

Once market sentiment remains ( Keep eyes on Trump!) ...I am looking to enter a buy at the current sweet spot of 1254.50-55 area. Another position can be entered if price retraces further to the 1244.71 area (200 ema ).

Safe trading all!
Comment: I entered a buy at 1244.50 ish. I banked profits by closing off 50% of position already. Stop loss brought to break-even 50 % of my position remains without risk. Price is being rejected now at the 1250-55 level. I may close off my position in a short while if price continues to push strongly back down.I am also not keen on leaving trade on over the weekend. Will take a fresh look at it Monday.
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