Gold Spot / U.S. Dollar
Short
Updated

Gold hits Low Breakout point

88
Sold on Friday (1513.62 and 1512.94) but have been quite time poor but I want to track this for trade log reasons.
Seems to be tracking well and hopefully goes for 200% considering it broke the low breakout point yesterday. Low breakout points should be followed with a 2 day trailing stop but considering yesterdays bar place above yesterdays high
Note
Gold well below 100% and hit 150% of previous range. Trailing stop moved.
Note
1.625% of P1 to P2 reached on Friday. 200% is in striking distance on Monday.
Note
Closed at 1467

1512.94 - 1467.00 = 45.94 profit
1513.62 - 1467.00 = 46.62 profit
Total profit = 92.56 (+swap and - commission)

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.