PROFIT TARGET REACHED GOLD WITH STRONG BEARISH INTRADAY MOVE

Dec 12, 2022

A quick update, my goal today's goal has already been accomplished. Gold managed to reach the 1779.40 level (my first target). I move my stop loss, or trailing stop to 1786.55, locking in small profits, and enter a new target of 1771.50. Tomorrow we have to be careful and watch the CPI data. If it goes as expected, I will take the risk and open new short positions. If everything turns out to be different, I will close all positions, not allowing any loss positions and I will wait until the dust settles.

My last idea from today morning:

Thank you and good luck Traders!