Levels for GOLD 29th May

Updated

Gold is in a zone of consolidation so it's quite hard to find a good trade but still you can plan your trades as follows ---
1. LONG @2351 TGT- TP1@2354 TP2@2357 TP3@2360 TRAIL further. SL 2347
2. SHORT @2361 TGT- TP1 @2357 TP2@2354 TP3@2351. SL 2364
3. SHORT @2351 TGT- TP1 @2347 TP2@2344 TP3@ 2341. SL @2355
4. LONG @2340 TGT- TP1@ 2347 TP2@2351 TP3@2354. SL matt-tv-2335

Follow your own chart patterns and plan your trades.

Trade active

TRADE1. BUY@2351.500 TP1@2354. HIT Successful trade

Note

I have put SL @ Break even. Closed 0.02@ 2354.500, 0.02@2356.500, the final BE put @2351.500

Trade active

TRADE 3 ACTIVE @2351
TP1 @ 2347. REACHED
Entry now at BE.
Let's wait for TP2 or BE

Trade active

TRADE 3 ACTIVE @2351.500
TP1 @ 2347.500 REACHED
TP2 @2344.500. REACHED

SHIFT SL @ 2347.500

Trade closed: target reached

TRADE 3 ACTIVE @2351.500
TP1 @ 2347.500 REACHED
TP2 @2344.500. REACHED
TP3 @2341.500. REACHED.

We achieved all our targets.

Note

You could have bought LONg @2341-2342 level with SL of $5.

Trade active

TRADE 4 ACTIVE @2341.000
TP1 @ 2346.500 REACHED
SL above buying @2342

Trade closed manually

kaustubhkokate

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