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gusyoan
Feb 9, 2016 10:03 AM

Gold keep going upward, position added Long

Gold/U.S. DollarFXCM

Description

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
Comments
gusyoan
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 :)
chartwatchers
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.
FawadJawed
another view

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