I'm waiting for this setup on gold. This week has been a slow week for me, few entries, not forcing anything. I will leave this SELL LIMIT order and see how it plays. I could use a tight stop loss, but this is gold and checking the past there's a few wicks going up, stop hunts, liquidation spots and well...let's sit and wait.
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Limit order filled, trade is now active. Let's roll and see what comes out of it. FED will have a few words today later on, so fundamentals will be in play but I don't think it will affect too much But then, as always, we can never be so sure about anything in this market. We trade what we see, and all we see are probabilities.
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Price is coming back to test the entrance again, I will buy again at 1726.30, setting another entry at the same level.
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I'm moving my stop loss to 1750. I'm willing to pay to see, fundamentals are playing high now.