As
GOLD
reached the first price target that I wrote on March 30, 2024 (see the related ideas section) I closed half of my position.
For another half, I still hold a long position while moving up the trailing stop.
Now let's find the next target for XAUUSD
As shown on the chart, I expect the next stop is around $2500.
For another half, I still hold a long position while moving up the trailing stop.
Now let's find the next target for XAUUSD
As shown on the chart, I expect the next stop is around $2500.
Trade closed manually:
As described in the related idea on April 22, I closed the rest of my position.