Long

GOLD: Increasing Long Position

Updated

I’m only a fan of using MACDI and RSI on a daily chart and only for predicting change in trends, from the looks of this past few days I venture to say we could see a bullish market for gold in this couple of days, how long Will it last??? Who knows,

I’m personally increasing my long position.

Note

Be sure to check my previous ideas on gold

Trade active

If you are just entering a long position be sure to make it small so you can give yourself some room with your stop loss

Trade active

NY closed and Gold same as yesterday, didn’t break 1200. I still see strong signals for a bullish trend so I’m holding my position but I tighten the stops a bit just in case.

Note

Be sure to check my previous ideas on gold

Trade closed: stop reached

I was just stopped of my initial positions, made some profit, going to analyze and see if I still want to follow a long position

Trade active

I still see no clear sign of this pattern reversing so I’m going to take a smaller long position with a tight stop

Trade active

Got stopped again, with a small loss, but I opened a big trade long at 1188, I still see an uptrend and taking into account resent news of a possible impeachment for the US president maybe this is the reason of the change in the bullish trend of the USD and bearish of GOLD, Hopping this time it breaks 1200

Trade active

Taking profits at 1216

Trade closed manually

I was just closed the position at 1206.41 so long since I made such a profit, going to stop trading GOLD for the day

juanfmarin

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