RoboCash

XAUUSD, Post Yellen speech

Long
RoboCash Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
14
After observing triple bottom and last 1D candle. I am more confident of bullish swing now.

Enter at market, SL below 1220. Any dips should be bought.

First target 1249.
Trade active:
Just entered another Long at 1226
Comment:
If 1H candle close below 1220.50, take the loss.
Trade active:
Gold close "borderline" above prev low (1219.19) It still can go south. Now SL is an absolute number 1217. Below here, we can give up.

Or you can choose to throw the towel here as well and close position here.

Good luck!
Comment:

This chart explains everything.

TP1: 1238 - SL: 1225
Reload @1232
TP2: 1247 - SL : 1235
TP3: 1267
Comment:
Miss the buying dip opportunity around 1232 area just now. Upwards to 1238 today. :)
Comment:
FIRST TARGET REACHED!
Comment:
There is the possibility of price visiting 1232 again. SL now moved to 1230 (Hourly close)

Manage your profits, don't be greedy.

Once price trading above 1239 with confidence then we can enter more position.

Good luck.
Trade active:

Since US news are good today, Gold will not be able to move much. And tomorrow is Friday, we have yet to break previous high. I am becoming suspicious.

I decided to take all TP today at 1249 maximum for the day, 1267 is a bonus for this week. For sure, SL has been raised to 1235.

Good luck.
Trade active:
Breakout level is supported!

I just add another small long position at 1238. I still believe 1249 will be visited today.

All SL shifted to 1237.
Comment:
One final and important note!

If we got stopped out at 1237, I have a long order about 1239 to aim at 1249. Because the stop below 1237 might be a spike!

Good luck for this week.
Comment:

This how serious I am for the level!
Trade closed: stop reached:
1237 1H candle is obvious.. Standing on the side until there is a clear uptrend or retraced deep enough.
Trade active:
Read above explanation why.
Comment:
SL at Break Even. Just for precaution, today's trade is intraday. Whatever market gives you. Keep it for week closing.
Trade closed: stop reached:
Stop at BE. unfortunately..
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