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!
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.