Go long in Gold.... converged stochs again and moving up
We can go long now with similar view of converging stochs and coming out of OS zone all together....
Trade closed: stop reached:
Closed at SL of 1218.8 due to us employment data news.
Ideal trade on this big news days which will have impact on gold is that take your stand like i did for Long gold just a hour before the news.
Keep your SL order with quantity 2. Because if the SL is hit the news is opposite to your buy expectation. So SL order with 2 quantity will exit your 1 buy and enter in to reverse trade with another. Just my point of view! :)
Ideal trade on this big news days which will have impact on gold is that take your stand like i did for Long gold just a hour before the news.
Keep your SL order with quantity 2. Because if the SL is hit the news is opposite to your buy expectation. So SL order with 2 quantity will exit your 1 buy and enter in to reverse trade with another. Just my point of view! :)
Next resistance 1229....above 1230 it ll blast!