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GOLD long position
Gold Spot / U.S. Dollar
GOLD long position
By adamnkiss
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Updated
May 22, 2017
5
Cheer
Cheer
May 22, 2017
Hey Guys!
A very good buy opportunity is being formed on GLD.
Reasons to take the trade:
GLD is coming back from its dip that happened last week
A strong trendline has been holding the price - acting as a good support
Candlesticks show bulls taking over the control
May 22, 2017
Trade active
Gold is retracing back a bit, now is a good time to enter.
Entry @1255.3
S/L: 281 points away
T/P: 812 points away
May 22, 2017
Comment
1:1RR has achieved; moving towards 1:2
May 22, 2017
Comment
1:2RR is in the pocket, trade is secured; moving on to 1:3RR
May 22, 2017
Trade closed manually
GLD is closed with 1:2RR just now
May 22, 2017
Comment
Gold has reached all expectations for today. Tomorrow, I will be trading this pair again with a different type of strategy.
buy
GLD
Gold
LONG
xausd
xauusdlong
adamnkiss
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