Gold show breakout down and now up to retest near trendline again *** if price still below this zone It will show sell signal and can hold sell position to next week with positive swap . Risk around 50 pips TP open.
Bad case : if price more than 1508 will check close price again if close price more than that will invalid. Gold will move on to 1600. In retractment Gold always swing must calculate suitable position. to protect yr risk. ^^
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+50 pips ( for who entry lower sell zone) Lock yr Profit Happy trading
Good night see you next week ^^
Trade closed: stop reached
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Hit TP1 and back to BE Today i think to bias Buy but i don't have time to post any idea . Take care
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Sorry to make some mistake. I don't have any entry in short term after this. because I am so busy today. I must go outside and will check chart again in newyork session after back.
@north01, I let profit run as it can,
because gold may swing up or drop to support zone in chart
( 1491.3 , 1478 , 1458, ....)
I only partial close for lock profit and remain let it run with risk - free
Guess so! Looks like a buy trend again are breaking the 1502.
The downtrend looked like fake break! Nevertheless we made profit, on your forecast.