XAUUSD Long Trade following Ban new on the Dollar.

FX:XAUUSD   Gold Spot / U.S. Dollar
460 7
Well, Following the midterm up trend, and following bad news on the US Dollar . we still bullish on gold . this is the second trade on gold for today

Please leave a comment and open the discussion.
Aug 04
Comment: Move stop loss under 1353$ for almost risk free trade
Aug 04
Comment: Close 50% of positions, @ $10.5 USD Profit
Aug 05
Comment: Move stop for 2nd half to 1356, just to eliminate risk
Aug 05
Trade closed: stop reached: No loses However on that trade only 10.5 USD gain on the 1st half
This trade I can relate too, but why not wait for the break out?
SerenaAadms kniedoborski
Thanks for the comment.
Agree, a break out will be a good idea, however a correction end is possible to predict in strong trend (the case with XAUUSD), specially that entry is just few pips above a combination of very strong support level and fibonacchies (see attached chart).
I got in that trade TP 1406.69
SerenaAadms Sinistro
Well, this is the last trade in the Gold Long Party, unless we break 1367 up. if gold take's our stop, that will mean officials a start of potential down trend or a deep choppy period where we should avoid gold at all.
Lets see.
Sinistro SerenaAadms
I guess I'm counting on a weak dollar at least until the elections (November), we'll see. I wouldn't be surprised to see gold go as far as 1533.54
tank you!!!
SerenaAadms Kani1987Attila
Thank you for your comment.
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