During the NY session yesterday, the price action has filled our buy limit order at $2500. The price action was a result of the rejection around the price level of $2530 which serves as the new ATH for gold. This rejection was not a surprise and was a healthy retracement that we had been expecting. The H1 candle at $2500 closed with a long rejection wick.
We maintain our positions from 20 August 2024 with the same TP of $2530. Except that we have shifted our stop loss to $2500.
-therabbittrades
We maintain our positions from 20 August 2024 with the same TP of $2530. Except that we have shifted our stop loss to $2500.
-therabbittrades
Note
Update! For half of the rabbit's positions, I had moved stop loss to $2505 as per our trade plan as price moved to $2415. This position has been filled.
The other half of the position is still in play and I left the stop loss at Breakeven point of $2500 (adjust for your own spread).
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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.