TayFx
Long

πŸ† Gold Positioning Update & Additional Buy-Limit πŸ†

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Additional buy limit set at the lower risk range for gold at $1,762/oz. Profit is over +660 pips at this point giving us the ability to do some tricks, like dollar cost averaging a long-term hold on this beautifully colored metal.
Trade active:
Comment: +720 pips
Trade active:
Closed 90%, leaving the remainder open until target or breakeven.
Comment: Although the upside I've waited almost 20 days for is less than 1/3rd of a percent, it's nice to cut 90% early and see the gains hit my account. Time for a withdrawal ;)
Trade closed: target reached:
Upside monthly target of $1,800 hit. Well done to all that held this trade with mme over the last 19 days. This was a +4.52%β€”marginalized, +777.9 pips.

I expect consolidation to occur at these prices, and for $1,800/oz to be rejected once or twice, before becoming solid support going forward, where I'll be looking to $2,000 per oz!

Comments

Great work.
Reply
TayFx DragonCaptain
@DragonCaptain, thanks alot!!
Reply
Well done mate. History repeats itself.
Reply
TayFx DragonCaptain
@DragonCaptain, love it bro!
Reply
@TayFx, thanks champion.
Reply
Hi I waited for your target to be hit n am impressed...nice analysis...now am following you with confidence...is there any chance for little correction now if it is what will be the target ? Thanks for your reply in advance...
Reply
TayFx similarZebra73776
@similarZebra73776, Thanks, I will be looking for short entriesa at 1821
Reply
You mean the price will go down till 1762 and we buy limit there ?????
Reply
TayFx Scena
@Scena, I had a buy limit, but price rocketed to TP. This position is now closed
Reply
TayFx Scena
@Scena, Look for price to consolidate at these levels
Reply
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