gold, back to 1275?! for FX:XAUUSD by Standby

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Hi all, I still keep my long position (re)opened at 1254 and try to manage according fib retracement.
First TP 1275-77

I know many ppl waiting for short and by the time it will come... but till then, patience!

TK

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Comments

Hi ali, thanks for sharing this, I closed my long already because (if you see in the other post) rising wedge formation plus the 1H doji candle both strong reversal and bearish outlook! now I'm on the side but prefer short...

Standby

Hey there :) yeah that's good. In my last idea I discussed the current neutral zone where it would be smart to work with the borderlines and not by deciding in any direction. But I tend to Short, too.

In my opinion you should close the your Buy Position and place new buy stop at 1266. This would safe your Profit if it falls.