TECHNICAL SETUP
Gold is stabilizing after last week's break.
Currently sitting on MA200.
Formed a hammer with follow-through.
TRADING STRATEGY
Buy here.
Target = MA100.
Stop-loss at the low of the hammer.
Reward to Risk >2.
RISK MANAGEMENT
Please do not put more than 1% of capital at risk on any single trade.
Gold is stabilizing after last week's break.
Currently sitting on MA200.
Formed a hammer with follow-through.
TRADING STRATEGY
Buy here.
Target = MA100.
Stop-loss at the low of the hammer.
Reward to Risk >2.
RISK MANAGEMENT
Please do not put more than 1% of capital at risk on any single trade.
Trade active:
This trade is still on.
Long GLD at 120.30.
Stop = 117.50.
Target = 125.00.
R/R = 2x.
Long GLD at 120.30.
Stop = 117.50.
Target = 125.00.
R/R = 2x.
Trade active:
Best configuration for this trade is currently taking place:
- Gold steady as equities go up
- Gold up gently as equities consolidate
- Gold building a consolidation base
- This trade is still on
- Gold steady as equities go up
- Gold up gently as equities consolidate
- Gold building a consolidation base
- This trade is still on
Trade active:
Trade nearing target at 125.00 on the GLD.
Trade active:
Look for a close above 1306 for a resumption of the earlier up-trend.
Trade closed: target reached