Gold Spot / U.S. Dollar
Long
Updated

2/7/24 Gold Buystop

214
Looking to continue from yesterdays short push. No red folders in economic news scheduled today.
Explanation of TP(a) and TP (b)
I twin trade, so for ever position I take, I place one trade with TP and SL (a) and a second trade half the contract size at TP(b) same stop loss.
Anytime TP(a) target is reached (1:1 RR) I consider the trade winning as at that point I move Position (b) to breakeven.
Trade closed: target reached
TP(a) reached

snapshot

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.