With that said we could see some consolidation ahead for Balmoral as the gold price has dropped lower and potentially could drop down to $1235ish before showing signs of a new bull run up to $1500 - $1600 again.
What does that mean for Balmoral for now. It means be aware of the current Balmoral' price range it can swing between the low of (@0.150) and high of (@0.255) for some time. How long only time will tell... I'll keep you updated...
Wish you all a great week ahead
I only sold half because I see a Motive Wave in a 5 wave structure, therefore can price action test @0.037 and @0.040 if the impulse fully develops.
But if price action turns I'll use trailing stop loss to take me out
What a lovely day... I'll keep you updated
I'v profited around 80 percent (Open: @0.018 - Close: @0.033)
I have no position in Balmoral.
Have a nice week ahead.