Buy LONG Gold at Current Market-Price up until 2590

https://www.tradingview.com/x/fnabjkvN/

Gold price is moving along an Intraday Double Top and has found momentum on a head 'n' shoulders pattern on a low timeframe.

Idea is to buy at market- current price up until 2590.

Stop-loss 2579.90

Trade active

Buy Gold at market-price up until 2590.
Stop loss: 2579.90
* Risk only 0.25% to 0.5% of your total capital on this trade
(risk management)

Note

Take Profit at 2594.50

Note

Update on trade:
Buy 2578 - 2566
STOP LOSS: 2544

Note

Gold - Price made a deeper retracement than I expected complicating the last Long trade. But this is a 50% retracement with a deep stop loss below order blocks. So holding this for the medium term perhaps. I can't see price going lower than here for a while.

Note

I've been getting some signals from my own settings (after the last trade long) that the VIX INDEX will probably make a move upwards today. If that happens you want to cancel any Long Gold positions

Order cancelled

I have closed out my Long Gold position. Anticipating volatility mostly negative for Long Gold at start of NY trading today.

Easy_Explosive_Trading

Also on:

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.

Easy_Explosive_Trading

Also on: