Gold: continue to hold positions!
If you follow the advice I gave on the 7th to buy gold near the support line, your cost should be about 1775 dollars at present, and you have already made a profit of 2%!
Since I don't know how much leverage is used in your trading, if your leverage is higher than seven times, I suggest that you level off some positions to reduce your leverage. If you trade with less than twice as much leverage, then continue to hold gold!
If you like my analysis, please contact me or follow me, and I will continue to share my trading views.
Since I don't know how much leverage is used in your trading, if your leverage is higher than seven times, I suggest that you level off some positions to reduce your leverage. If you trade with less than twice as much leverage, then continue to hold gold!
If you like my analysis, please contact me or follow me, and I will continue to share my trading views.
Note
In addition, the reasonable use of leverage is very important for trend traders. The determination of leverage ratio needs to consider the accuracy of your trading, the size of stop loss range and psychological tolerance.
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.
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.