Following on from yesterdays trade, we've banked 70% of the trade around the 1750 level and moved the stop to entry. What we're looking for now is some exhaustion on the price. We would like to see this close above the 1740 level and potentially come back down tomorrow to find support around 1740-35. We will leave our trade running as we're looking for the price to go a little higher over the course of tomorrow and maybe Friday.
Our long is protected and our short from last week is protected so we're in a comfortable position on Gold
at the moment. 1770-75 is the level to look out for for us.
As always, trade safe.