Gold on end week of March 2017

Nothing much to explain here. After it break the range for about a week, it is bullish. All pullback should be bought, unless, it broke down 1242 area. Will we reach 1278 this week? I think so.

I am a trend trader and usually, I only enter trades at mid-week. So I have no comments for now.

Trade active:

Entered Long, 1st entry. SL below 1242

Comment:

To those who are wondering, my first entry is at 1253, just around the top purple box. 2nd entry is at 1250.

Comment:

Adding another long at 1251.80, Its just at this week R1.

Trade active:

Now we have 2 long entries, 3rd long order still active. Still early of the weak, price can still push down. So dont be surprised if it happens. SL can be shifted to 1245 upon candle break. I can safely assume below this, gold might be correcting down further.

Comment:

TP 1 - 1262
TP 2 - 1268
TP 3 - 1278 (bonus)

Every TP, increase your SL.

Comment:

Manually close half position.. USD good news.

Comment:

SL can put at breakeven if you dont want to risk into negative. I let you decide.. :)

Trade active:

Moment of truth is here.

1. Middle of the week? checked
2. Tested .786 1249?? checked
3. Final long position loaded? checked.

All my remaining position SL at 1247 candle break.

Now I am more confident to see up swing today till Friday IF this bullish trend continues up. I am still looking forward to it.

Comment:

Breakout of channel without follow through. May consider closing this Long position earlier.

Comment:

Gold should not go down below 1249 anymore. The "right" trend should form up now. If it still visit 1248 area, I will close my longs.

Note: I still bullish, But I don't feel comfortable with gold this month end. You can stay and see what happened by week end.

Comment:

Trade closed manually:

Close all Longs. Something is happening with all euro pairs!

Comment:

Closed at 1253.50 area, small $3 profits but still profit!