Over a week ago, I posted a long position on Gold @,1275, showing a nine month trend and decided to take the risk. Half positions were to be closed @1,300 which occurred on Friday, May 31st 2019. Here is an update on where to close the remaining positions. In this chart, the Fib. retracement of 78.60% and the wave movement of the flag pole both indicate a target @ 1,320 and I shall be satisfied with all my profits.
Never be greedy!
Trade closed: target reached
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Good morning,
Target was reached yesterday @ 1,320...as I mentioned, I was not looking to get greedy. I will waiting for Gold to finish its ride and re-enter when it shows clear signs