Go long in Gold.... converged stochs again and moving up
Updated
We can go long now with similar view of converging stochs and coming out of OS zone all together....
Note
SL for this is 1218.8 ...keep it strict! Next resistance 1229....above 1230 it ll blast!
Trade closed: stop reached
Closed at SL of 1218.8 due to us employment data news.Ideal trade on this big news days which will have impact on gold is that take your stand like i did for Long gold just a hour before the news.
Keep your SL order with quantity 2. Because if the SL is hit the news is opposite to your buy expectation. So SL order with 2 quantity will exit your 1 buy and enter in to reverse trade with another. Just my point of view! :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.