Yoan_ShanghaiKid
Long

Gold keep going upward, position added

FX:XAUUSD   Gold Spot / U.S. Dollar
109 3 0
I opened buy order 2 at 1187, SL: none

I secured buy order 1 with BE at 1164.84
Trade closed: target reached: I close all positions at 1225, where coincident with fib expansion 423% level from 1046.

Total profit: 600+380=980 pips

Further chase is not recommanded
hi guys,

You have good reasons for potentially drawback, but any predictions before confirmations are guess works, it's too risky. I prefer continue buying unless top pattern formed :)
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We are at day 18 at a 25 day cycle.
Sooner or later we will go down to the daily cycle low.
Don't hurry with adding position. We might see 1120-30 before the 2nd leg up to 1300.
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another view

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