It looks like this support is very strong. If broken can go way down. For now big trend seems to reverse. Just try to buy on pull backs.
Trade active:
$70 gain from 1745 so far
Risk:Reward now is around 1:1 if sl is at 1683
Can take some profits.
There were fundamental not bright news for gold this week. Janet Yellen mentioned possibility of raising rates sooner than planned.
Risk:Reward now is around 1:1 if sl is at 1683
Can take some profits.
There were fundamental not bright news for gold this week. Janet Yellen mentioned possibility of raising rates sooner than planned.
Trade closed: target reached:
I lost more on this trade shorting it from 1800 than gained :)
Anyway even small position still running, like 1/10 of all if not less closing now. The reason is it gained too much without retracement.
Anyway even small position still running, like 1/10 of all if not less closing now. The reason is it gained too much without retracement.