Gold is stabilizing after last week's break.
Currently sitting on MA200.
Formed a with follow-through.
Target = MA100.
Stop-loss at the low of the .
Reward to Risk >2.
Please do not put more than 1% of capital at risk on any single trade.
Long GLD at 120.30.
Stop = 117.50.
Target = 125.00.
R/R = 2x.
- Gold steady as equities go up
- Gold up gently as equities consolidate
- Gold building a consolidation base
- This trade is still on