Its a super tight Stop right now (around 5%). If this thing sparks upwards momentum it can run a good 50% relatively fast.
Entry below 0.000465
Target 0.0007
StopLoss 0.000365
For The Win
Price failed to break the 0.23 fib (1241.357) level which is was also a previous resistance level now turned support. Slow stochastics are now indicating that Gold is moving out of an oversold position. Got a tight stop in case we drop to the 0.50 Fib (1220.185) leading into non farm payrolls this Friday.
If you're going for a Long/Call position then you may want to consider putting a tight stop loss at around 30.30 where the red line is. This is just an idea so I won’t post updates here.
In the morning I will be watching for a green to red for another short opportunity, but careful because if it gaps down then could be a long opportunity. Keep stops tight!
