Open Positions:
May 4 1229.xx
May 5 1233.xx
May 24 Gold intraday level show it could climb up to 1259.xx after breaking 1251.9, which was reached, but drop to 1244.xx was anticipated as well. Gold drop to 1247.xx and close 3rd position from 1248.xx opened May 19 at break even.
I said I would try to buy back 3rd position at 1244.xx but didn't happen.
After studying Monthly key levels noticed the monthly key level 1249.xx reject gold up so far numerous times.
And now Thursday's intraday levels show that buy from 1255.xx ish can be good.
I will buy back 3rd position at 1255ish today, and I will add 4th position at 1260.xx
SL for all positions will be set 1242.xx if Gold reach this level all 4 positions will be killed.
I have calculated risk for these two new positions so just in case - Gold drop to SL I get minimal to no loss because two lower positions from 1233 / 1229 hitting the BE at 1242 will cover most minus for these two new positions.
Closest target 1275, but initial target remain 1307.xx
Good Luck and all the best.
May 4 1229.xx
May 5 1233.xx
May 24 Gold intraday level show it could climb up to 1259.xx after breaking 1251.9, which was reached, but drop to 1244.xx was anticipated as well. Gold drop to 1247.xx and close 3rd position from 1248.xx opened May 19 at break even.
I said I would try to buy back 3rd position at 1244.xx but didn't happen.
After studying Monthly key levels noticed the monthly key level 1249.xx reject gold up so far numerous times.
And now Thursday's intraday levels show that buy from 1255.xx ish can be good.
I will buy back 3rd position at 1255ish today, and I will add 4th position at 1260.xx
SL for all positions will be set 1242.xx if Gold reach this level all 4 positions will be killed.
I have calculated risk for these two new positions so just in case - Gold drop to SL I get minimal to no loss because two lower positions from 1233 / 1229 hitting the BE at 1242 will cover most minus for these two new positions.
Closest target 1275, but initial target remain 1307.xx
Good Luck and all the best.
Trade active:
I opened buy position at 1257.99 mixing both planned entries in one entry here.
Bcz it may go up first, then may drop down to 1255.xx and so on.
So both planned entry sizes are united now in just one position at 1257.99. Everything else remains the same.
Bcz it may go up first, then may drop down to 1255.xx and so on.
So both planned entry sizes are united now in just one position at 1257.99. Everything else remains the same.
Comment:
Intraday wise If 1255 provide bounce then closest target 1264-1268 for a small target.
Comment:
If 1275 is reached today that would be one big present, although I don't believe it.
The thing with 1275 is that it was a target in the system for more than a week that gold hesitated to reach, after several breakouts. It can be that Gold could be in Rush to reach it. Have to wait and see.
The thing with 1275 is that it was a target in the system for more than a week that gold hesitated to reach, after several breakouts. It can be that Gold could be in Rush to reach it. Have to wait and see.