SerenaAadms
Long

XAUUSD Long Trade following Ban new on the Dollar.

FX:XAUUSD   Gold / U.S. Dollar
450 7 11
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.
Comment: Move stop loss under 1353$ for almost risk free trade
Comment: Close 50% of positions, @ $10.5 USD Profit
Comment: Move stop for 2nd half to 1356, just to eliminate risk
Trade closed: stop reached: No loses However on that trade only 10.5 USD gain on the 1st half
tank you!!!
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SerenaAadms Kani1987Attila
Thank you for your comment.
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I got in that trade TP 1406.69
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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.
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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
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This trade I can relate too, but why not wait for the break out?
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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).
snapshot
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