I think in the next 5-6 hours GOLD will pull back a bit and will explode again when LONDON & NEW YORK open.... However, I think GOLD will go lower as the 1,100 is the major barrier and I think there will be a major sell off / take profit at this level....
This is mainly my speculation and I think the possibility is below 10%...
Enter with stop carefully placed....
Trade active
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Adding in additional positions and hope to reach 1086 soon !!
Good luck !
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As expected however we might experience a bounce when London market open in the next hour.... I will looking forwards to have more entries position to short to the downside ...
In case it bounce back up to 1100 then will sell more ....
In the mean time I will pull my stop loss lower to have some no-cost trades and maximize gains...
To be continue....
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As expected... after LONDON market opened... GOLD is moving up however, I think it is a good time to find Short entries (as close at 1100 as possible)...
To be continue....
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As mentioned earlier.... NEW YORK market will open soon and GOLD has already moving lower as expected so move your stop lower and expect a nice movement downwards 1079 - 1081 level ....
Trade closed manually
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The trade is closed as most of the steam is gone after big movement downwards after New York market opened....
Trade is close and now will looking for new opportunity....
Good luck everyone!
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Was very lucky to close the trade right before the price moving up again.... !