The XAU/USD exchange rate has revealed a rising wedge pattern. On Tuesday morning, the exchange rate consolidated between the monthly PP at 1,961.20 and there was a lot of rejection when trying to break the S2 at 1,937.55. From a theoretical point of view, the yellow metal is likely to continue strengthening against the US Dollar in a certain pattern in the short term. Meanwhile, if the predetermined resistance level holds, it is possible that the exchange rate can be traded sideways in the next trading session.
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currently I am holding a long position of 10 lots 1.910,56 from and 10 lots from 1.935,08 my target will be partial close according to the market situation
Hello Nice Post brother can u please guide me I am in hold since past 1970 have paid huge margin to hold what should I do
pierreradjudin
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@meeturvish, I'm sorry, I forgot to update, I already took profit in 1955. Currently, I am holding short from my 1955 target until 1925-1915. If you see the possibility, profit taking is taking place on the stock market and gold will definitely be affected, if you want to be able to close partial profits now and take another long position from below around 1915-1925, please adjust it to your trading plan.