I have 2 positions on gold:
- Short term where I entered very close to stop
- Long term with a wider stop but not that wide
In the short term gold has really gone. I'll cut to the chase now I am trailing it with a $20 stop.
The price is going vertically, and often once it retraces it can retrace hard.
Maybe my $20 stop is too wide and I will give back profit.
I...
The pair has break its previous low and also has broke a 4 month range short targets in the longer term to 1.45662 position trailing positions will be essential and adding to shorts on significant pull backs will be key in order to maximise gain from this pair alone