🏆 Gold Positioning Update & Additional Buy-Limit 🏆

Jul 7, 2020

Additional buy limit set at the lower risk range for gold at $1,762/oz. Profit is over +660 pips at this point giving us the ability to do some tricks, like dollar cost averaging a long-term hold on this beautifully colored metal.

Jul 7, 2020

Trade active

Jul 7, 2020

Note

+720 pips

Jul 8, 2020

Trade active

Closed 90%, leaving the remainder open until target or breakeven.

Jul 8, 2020

Note

Although the upside I've waited almost 20 days for is less than 1/3rd of a percent, it's nice to cut 90% early and see the gains hit my account. Time for a withdrawal ;)

Jul 8, 2020

Trade closed: target reached

Upside monthly target of $1,800 hit. Well done to all that held this trade with mme over the last 19 days. This was a +4.52%—marginalized, +777.9 pips.

I expect consolidation to occur at these prices, and for $1,800/oz to be rejected once or twice, before becoming solid support going forward, where I'll be looking to $2,000 per oz!