I think Gold
has bottomed here, so, after today's close, we can buy a 0.5% risk position, with stop loss 1 tick under today's low. To be safe, don't place the stop, but watch it. Position size should be based on this, or if conservative, daily volatility
So, two options:
- Buy a new daily high, after today's daily close, Risk 0.5% if price moves under today's low.
- Buy a 0.5% risk position, risking a 58 dollar drop from here. Add another position with the same size tomorrow.